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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 659.03

+1.0%

Nov 21 4:00 PM EST

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GROUND ZERO™

To: GROUND ZERO™ who wrote (153137)	1/29/2021 3:34:15 PM
From: SGJ	1 Recommendation Read Replies (2) of 219269

Hard to tell right now exactly what is going on. The effort in GME and AMC is focused on getting the SP high enough to cause a gamma squeeze in the options expiring today. By having all the options expire ITM, the brokers/mm's are going to have to buy in. The theory is this is going to spike the stock AH and on Monday, since most of the shares are in strong hands. As far as I know, there are really no other stocks that are being targeted to this extent. I have to believe that the funds in these shorts have by now gotten safely hedged. Long Term Capital Management was a 123 billion hedge fund that busted on the Russian ruble debt default back in 98. Caused the market to tank and some contagion to other institutions until the FED stepped in and rescued them. This set up the too big to fail precedent for Hedge Funds which directly brought on the 2008 economic crisis. You can go big and go bold and if you lose, the FED bails you out.

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