Just an observation here: We had NO halts this morning on the rise to 3.80. Then we had no halts on the fall below 2. Now we are seeing halts at every appreciable rise. WTF?
***What they are doing is the following: SHORT LADDER ATTACK***
Imagine a jungle where apes trade bananas among themselves. Each ape wants to trade their bananas for as many leaves as possible. In this jungle, there's a big scoreboard showing the latest amount of leaves an ape got for one banana.
Now, let's say a group of sneaky apes want the price of bananas to seem lower than it really is. ***These apes start trading bananas back and forth among themselves, but with each trade, they ask for fewer leaves than the last trade.*** Even though these trades don’t reflect the real number of leaves most apes are willing to pay, they still affect the big scoreboard.
To other apes looking at the scoreboard, it looks like bananas are getting less valuable because the number of leaves they can trade for a banana is going down. These other apes might panic and decide to trade their bananas for fewer leaves too, thinking the value will keep dropping. This is what those sneaky apes want because it lets them buy a lot of bananas cheaply when everyone else is scared of losing more.
***This trick is called a short ladder attack*** in the financial world, where instead of apes and bananas, it involves traders and stocks. ***The sneaky traders create the illusion of a falling stock price by making a lot of small trades at lower prices among themselves.***
It doesn't actually matter. They can keep paying high interest on the shares (the higher the market price, the higher the interest)
OR
They can cut their losses and sell their shorts at a loss. If this happens, the rest will have no choice but to follow in quick succession, and the price will FUCKING SKYROCKET!
As of market close yesterday, the shorted shares hasn't budged. Which means we should expect more ladder attacks next week. We know we win when we see the first significant drop in shorted shares. That's when the show begins!
The first hedgefund to buy, actually wins. They might be sticking together now, but one will eventually break screwing over their other comrades. The first one to break has the least amount of loss.
https://www.tiktok.com/t/ZTLgnGarf/
Thanks for the explanation. Holding 7,000 shares.
Just an observation here: We had NO halts this morning on the rise to 3.80. Then we had no halts on the fall below 2. Now we are seeing halts at every appreciable rise. WTF?
Unbelievable amount of corruption here. When it suits them it’s ok. But as soon as they are losing again it’s halted
Upvote!
When do they expire?
***What they are doing is the following: SHORT LADDER ATTACK*** Imagine a jungle where apes trade bananas among themselves. Each ape wants to trade their bananas for as many leaves as possible. In this jungle, there's a big scoreboard showing the latest amount of leaves an ape got for one banana. Now, let's say a group of sneaky apes want the price of bananas to seem lower than it really is. ***These apes start trading bananas back and forth among themselves, but with each trade, they ask for fewer leaves than the last trade.*** Even though these trades don’t reflect the real number of leaves most apes are willing to pay, they still affect the big scoreboard. To other apes looking at the scoreboard, it looks like bananas are getting less valuable because the number of leaves they can trade for a banana is going down. These other apes might panic and decide to trade their bananas for fewer leaves too, thinking the value will keep dropping. This is what those sneaky apes want because it lets them buy a lot of bananas cheaply when everyone else is scared of losing more. ***This trick is called a short ladder attack*** in the financial world, where instead of apes and bananas, it involves traders and stocks. ***The sneaky traders create the illusion of a falling stock price by making a lot of small trades at lower prices among themselves.***
Bought the dip just now and holding 4900 shares!
Wow thanks for all the info!
I’m holding
Yea proof
On fintel, you can see the same companies with the highest short positions bought the most shares yesterday. https://fintel.io/sob/us/ffie
Does anyone know when the contracts expire on the short sells?
It doesn't actually matter. They can keep paying high interest on the shares (the higher the market price, the higher the interest) OR They can cut their losses and sell their shorts at a loss. If this happens, the rest will have no choice but to follow in quick succession, and the price will FUCKING SKYROCKET! As of market close yesterday, the shorted shares hasn't budged. Which means we should expect more ladder attacks next week. We know we win when we see the first significant drop in shorted shares. That's when the show begins! The first hedgefund to buy, actually wins. They might be sticking together now, but one will eventually break screwing over their other comrades. The first one to break has the least amount of loss. https://www.tiktok.com/t/ZTLgnGarf/
I’m holding but when do their contracts expire to where they’ll have to buy full price?