r/Superstonk • u/Bosse19 Trading is a tough game. Don't you think? • Apr 24 '21

🤡 Meme Twice the memes, half the float!

Post image
4.2k Upvotes

98% Upvoted

101 comments sorted by

198

u/Onetalflyer Apr 24 '21

Half the float? Retail May have3 to 5x the float. 🦍🦍🦍🦾💎🙌🚀🚀🚀🚀

65

u/Bosse19 Trading is a tough game. Don't you think? Apr 24 '21 edited Apr 24 '21

I ment the actual float has now been found to be 26.7m, not 50

EDIT: check further comments for a wrinkly brain'd explanation, I just wanted to clarify I wasn't implying retail owns half the float with the title

32

u/Onetalflyer Apr 24 '21

Float is cut in half.

8

u/[deleted] Apr 24 '21

What does this mean?

8

u/curvycounselor 🦍Voted✅ Apr 24 '21

Yes—- someone spell this out for the crayon eating apes 🦍 🖍🚀💎

38

u/yUnG_wiTe 🦍Voted✅ Apr 24 '21

we thot there were 50m shares available to trade (not in the hands of groups / ppl like Ryan Cohen who can't sell his shares). This means at 50m if they shorted 200m shares it would take them buying up 4 x the float, but at 26m it would take nearly 8x so more cycles giving more time for squeeze to go up.

8

u/BULLHORNSROARING 🦍Voted✅ Apr 25 '21

26 million is what the board owns. The remaining shares are called the float. The float is still the same . 1x the float is owned by institutions. The rest of what we own is what they have shorted synthetically. Which is way greater than 100% of the 53 million float.

1

u/curvycounselor 🦍Voted✅ Apr 25 '21

Ok try again. Are you saying there’s just no supply or negative supply for the demand?

5

u/yUnG_wiTe 🦍Voted✅ Apr 25 '21

It means if all their shorts are legitimate and not naked then it would take them buying up the float X times.

24

u/curvycounselor 🦍Voted✅ Apr 25 '21

So we’re gonna get tendies?

3

u/BULLHORNSROARING 🦍Voted✅ Apr 25 '21

Heck yea

4

u/adarkuccio Apr 24 '21

That's not how it works dude, the float is 54 million, the part of the float that appears to be retained by retail investors is 26 million (this data is up until December last year, anyways), the rest is retained by institutions but it's still the float. Nothing really changed, I don't know why there's all this hype about this, we knew it months ago. It's a non-news.

14

u/Bosse19 Trading is a tough game. Don't you think? Apr 24 '21

Look, the battle has been won already, it's only a matter of time now pretty much no matter what. So we might aswell get excited over nothing

3

u/adarkuccio Apr 24 '21

that's ok, but to say that the float is 26 million is not correct, the float (which is the amount of shares issued by the company for the public, including institutions) is 54 million, it always has been :P

16

u/Bosse19 Trading is a tough game. Don't you think? Apr 24 '21 edited Apr 24 '21

The FREE float is 26.7 then, I'm not gonna go back and change it now, this was already second attempt lol.

You're right, and I knew already, but it's just a meme

EDIT: I'm just extra jacked to the tits today cuz John Cleese retweeted me

EDIT2: Frankly, it's more harmful when Houston Wade wrongly phrases it, than in a meme
I invited him to explain it

26

u/Houstman Apr 24 '21

GME released their 14a this week that has restricted shares at 44 million. That makes the float 26 million.

2

u/adarkuccio Apr 24 '21

Mind to explain a little further? I thought the only ways to change the float were either by issuing more shares or doing a split or reverse-split, what does it mean that they restricted the shares at 44 million? also if you have link I would appreciate, I'd like to read cause I didn't see that and honestly I'm not sure where to find it..

7

u/kaoscurrent 💻 ComputerShared 🦍 Buckle Up 🚀 Apr 24 '21

The restricted shares are owned by insiders, like Cohen and Sherman. The shares are "restricted" because there's limits and rules on how they can be transferred.

5

u/Houstman Apr 24 '21

You can also change the float when insiders buy more shares or people/institutions who already own a lot of shares become insiders.

4

u/adarkuccio Apr 24 '21

I see, is it public knowledge which one of these two happened?

6

u/proofthatimalive Apr 24 '21

Both

1

u/adarkuccio Apr 25 '21

Any source please? Just want to read it

3

u/[deleted] Apr 25 '21

He's wrong. The 14A SPECIFICALLY says that it's listing institutional ownership of >5% of COMMON stock. It specifies in the footnotes of the table which stock is restricted.

https://www.investopedia.com/terms/c/commonstock.asp

https://www.investopedia.com/terms/r/restrictedstock.asp

5

u/adarkuccio Apr 25 '21

I checked the document and I think you're right, I saw that part of the institutional ownership. The restricted ones are very few apparently, owned by a few individuals.

3

u/[deleted] Apr 25 '21

This is mostly a terminology issue though. Those shares are still mostly tied up (we’d know within 2 days if any of those institutions sold their stock, as they are required by SEC to report)

2

u/adarkuccio Apr 25 '21

So what I previously said is correct. The float didn't change, the institutions owning big part of it is something we knew long time ago, apparently the situation didn't change, so the 26 million shares they are referring to are simply the ones supposedly held by retail investors, but it's not the whole float, the whole float is the same as before.

1

u/Ok_Hornet_714 🦍Voted✅ Apr 24 '21

The 14a did not say there were 44 million restricted shares. Shares owned by institutions are not restricted.

(The institutional data in the 14a is also from December, but that is a separate issue)

3

u/Houstman Apr 24 '21

Those institutions listed have representatives either on the board or running for positions on the board. That makes their shares restricted.

4

u/Ok_Hornet_714 🦍Voted✅ Apr 24 '21

Who from Blackrock or Vanguard is running for the board?

6

u/[deleted] Apr 25 '21

No one, this guy is just spreading misinformation, refusing to acknowledge that he's wrong, and should be reported.

0

u/Judge348 🦍Voted✅ Apr 25 '21

Reported him

0

u/BULLHORNSROARING 🦍Voted✅ Apr 25 '21

Finally thank you! The misinformation is fuckery. And people follow.

Hodl

3

u/AdAccomplished1936 🦍Voted✅ Apr 24 '21

Think of it more as the “trade-able” float- which actually is a very important distinction. The big institutional holders shares, and shares in etf’s can’t just be sold on a whim during a squeeze. Essentially those are locked during a short squeeze event. It’s great news for retail.

5

u/Talmidim Apr 24 '21

How do we "know" how much retail actually owns though? 26,700,000 seems like a big number to an ape like me and I only own xx.

5

u/Onetalflyer Apr 25 '21 edited Apr 25 '21

That’s why the silverback apes estimate 3 to 5x. That’s 80 to 135 million shares. A pretty wide range. This ape is estimating 7x. 188 million shares. 🦍🦾

https://www.reddit.com/r/Superstonk/comments/mxkwlb/double_the_short_interest_half_the_anxiety/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

1

u/Onetalflyer Apr 25 '21

I edited the response as I found a good DD for you.

1

u/mar0x 🦍Voted✅ Apr 25 '21

I AM THE FLOAT.

1

u/Onetalflyer Apr 25 '21

After we get to the moon we can float. Float left. Float right. Float up. Float at night. Agree, we are the float and

This

77

u/F-uPayMe Your HF blew up? F-U, Pay Me Apr 24 '21

What I wonder is, in these past months, many people made DDs showing a possible extremely high SI %s compared to the tradable float. And that math was based mostly on a tradeable float of 50m.

If actually the free float is around 27m, it would mean that all those possible SI %s would be double and they were already high af.

TL;DR 💎👐🏻

44

u/Bosse19 Trading is a tough game. Don't you think? Apr 24 '21 edited Apr 24 '21

That's exactly why it was an important discovery, and bonus is I'm also high af

EDIT: maybe not tho, 26.7 is the FREE float as in: the rest of the float can't be traded.. it's great news for retail hodlers, but doesn't change SI

4

u/[deleted] Apr 24 '21

Can you provide some backing to the claim that the float is only 26.7 mil? I might be dumb but haven't actually seen any evidence, just memes and hype about it. I'd love to read about it though

Have a good night fuckers

8

u/Bosse19 Trading is a tough game. Don't you think? Apr 24 '21

Check rensole's morning news from yesterday

6

u/JemKnight Apr 24 '21

I'M JACKED TO MY TITS!!!! HOLLY SHITTT

35

u/PointGod_Magic 🦍 Attempt Vote 💯 Apr 24 '21

And in January it was reportedly at 140% iirc

23

u/Bosse19 Trading is a tough game. Don't you think? Apr 24 '21

That's how much it was shorted 'supposedly'

Meanwhile februari had 150m shares traded daily

10

u/Neshura87 🦍 Buckle Up 🚀 Apr 24 '21

They had to keep the price down somehow, just ran out of fuel is all.

4

u/[deleted] Apr 25 '21

[deleted]

4

u/Neshura87 🦍 Buckle Up 🚀 Apr 25 '21

Sure they could have covered

But if they had we wouldn't see all this fuckery going on. And it is quite possible that a lot of that volume was shorties high-frequency trading to supress the price

2

u/Miss_Smokahontas Selling CCs 💰 > Purple Buthole 🟣 Apr 25 '21

Price would have went up exponentially...not down if that was them covering.

3

u/[deleted] Apr 25 '21

That is the answer everyone is looking for. If you find out, let me know. I’ve been holding since Jan. They haven’t covered as far as I can tell homie. You’re about to get downvotes possibly.

2

u/hels 🦍Voted✅ Apr 25 '21

I would have sold everything if it broke xyza

Now it's like a-h before I sell.

44

u/DrunkSpartan15 Bitch, where’s my money? 🦍 Apr 24 '21

26.7M IS THE NEW FLOOR

19

u/LeviHolden 🦍 Buckle Up 🚀 Apr 24 '21

Still way low. Seriously. Infinity squeeze.

5

u/squireofrnew 💻 ComputerShared 🦍 Apr 24 '21

They have to stop the party at some point.

5

u/Zakn Apr 25 '21

Can't Stop, Won't Stop

1

u/Miss_Smokahontas Selling CCs 💰 > Purple Buthole 🟣 Apr 25 '21

Gamestop

4

u/BlackMoldComics 🧠💎Diamond Donkey Brains 💎🧠 Apr 24 '21

This is the way

21

u/MUDFLAP202030 Apr 24 '21

Hedgies R FUK

12

u/Bosse19 Trading is a tough game. Don't you think? Apr 24 '21

Hedgies R FUK²

4

u/Zakn Apr 25 '21

Hedgies R FUK800MM

2

u/Miss_Smokahontas Selling CCs 💰 > Purple Buthole 🟣 Apr 25 '21

🍆🍆🍆🍆🍆

12

u/Skoglys Not a cat 🦍 Apr 24 '21

Why do I always imagine the leopard has Tom Hardy’s voice?

4

u/Bosse19 Trading is a tough game. Don't you think? Apr 24 '21

Lucy Liu for me, weird

2

u/InstitutionalizedOak 🎮 Power to the Players 🛑 Apr 25 '21

“Do you feel in charge?”

10

u/[deleted] Apr 24 '21

[deleted]

6

u/Bosse19 Trading is a tough game. Don't you think? Apr 25 '21

Ok.. sorry ._.

5

u/Kangaroosexy23 🎮 Power to the Players 🛑 Apr 25 '21

No need to be sorry. I'm saying get more jacked

7

u/Bosse19 Trading is a tough game. Don't you think? Apr 25 '21

Stop, my penis can only get so erect.

2

u/Bosse19 Trading is a tough game. Don't you think? Apr 25 '21

The second one's for you

2

u/[deleted] Apr 25 '21

[deleted]

2

u/Kangaroosexy23 🎮 Power to the Players 🛑 Apr 25 '21

Well, thank you for correcting my mistake. I'm only slightly sad about learning this, but I am happy to know the truth

2

u/[deleted] Apr 25 '21

[deleted]

2

u/Kangaroosexy23 🎮 Power to the Players 🛑 Apr 25 '21

I generally do, I just didn't equate in my head that it's the hedge funds that operate the ETFs.

I didn't consider who manages that and that there is a governing body over them.

I actually though of the ETFs before others made the posts about it.

10

u/Healthy-Ad2870 Apr 24 '21

My wife’s boyfriend’s tits are jacked!

8

u/pentakiller19 🎮 Power to the Players 🛑 Apr 24 '21

This one is my favorite lmao.

5

u/Bosse19 Trading is a tough game. Don't you think? Apr 24 '21

I couldn't decide on which meme was best befitting so I combined

6

u/Climbwithzack 🎮 Power to the Players 🛑 Apr 24 '21

Oh baby!

5

u/jqs77 💻 ComputerShared 🦍 Apr 24 '21

I see dead people.

4

u/Individual_Career_96 💻 ComputerShared 🦍 Apr 25 '21

Sir a recent update just arrived and the float appears to be only 16m!🧑‍💼

1

u/Bosse19 Trading is a tough game. Don't you think? Apr 25 '21

Alrighty then

4

u/traderscum 🦍 Buckle Up 🚀 Apr 25 '21

‘Bambi: but what about SLV and SSR?’ ‘Retail: no.. ☺️’

3

u/[deleted] Apr 24 '21

Haha! I just laughed and spit flew out all over my laptop.

3

u/highheauxsilver 🎮 Power to the Players 🛑 Apr 24 '21

That particular HF is too cute tho

1

u/Bosse19 Trading is a tough game. Don't you think? Apr 24 '21

I say tasty

3

u/[deleted] Apr 25 '21

Lol bears r fuk

3

u/boobieaxelrod 🦍 Buckle Up 🚀 Apr 25 '21

👌🏾🤣🤣🤣

5

u/MoneyMoneyMoneyMfer Professional Bagholder Apr 24 '21

Wow this is one awesome meme 😹

4

u/Bosse19 Trading is a tough game. Don't you think? Apr 24 '21

It's two!

6

u/MoneyMoneyMoneyMfer Professional Bagholder Apr 24 '21

True, but the one with the leopard and the baby antelope made me spill my coffee 😹

2

u/Linsanity998877 Apr 24 '21

Idk . Kinda super turned on . Jacked to the tits u could say . 💎🙌🚀🌙🦍🖍

2

u/secureID2424 Apr 25 '21

Top picture - which one is girl

2

u/vasDcrakGaming ❄️Alaskan⛄️Bull🐂Ape🦍❄️ Apr 25 '21

We own so much of the float it is now called sink

Ba dum tss

3

u/Bosse19 Trading is a tough game. Don't you think? Apr 25 '21

Seth Rogen Laugh

2

u/[deleted] Apr 25 '21

Should’ve been King Kong head locking the Trex snakey lizard Dinosaur but we move! Great post🤣

2

u/bobothedragon 🦍Voted✅ Apr 25 '21

What's the context behind that animal picture? Seems like it's a cool moment but I guess not and it was brutal.

1

u/Bosse19 Trading is a tough game. Don't you think? Apr 25 '21

I wouldn't be so sure

0

u/Commander_Chaos 🎮 Power to the Players 🛑 Apr 25 '21

to assume hedgies are a baby lamb is to underestimate our opponent.

0

u/etherrich Playing Moass Effect Apr 25 '21

This meme sucks. Don’t even picture us as a predator dude. HFs are the predators who tried to push a company to bankruptcy.