Trying to put #GME into #footballindex terms, poorly:
I go to @sporting_panda and ask to borrow his 20,000 Sancho shares for a week. I do this because I think they'll reduce in price, so I'm going to immediately sell them and then buy back next week cheaper.
I go to @sporting_panda and ask to borrow his 20,000 Sancho shares for a week. I do this because I think they'll reduce in price, so I'm going to immediately sell them and then buy back next week cheaper.
Panda says of course, but only if you give me 22,000 back. Now Sancho is currently £7.50, but I think next week he'll be £3 so of course I agree to the extra 10% of shares.
I start depumping Sancho all over the timeline and driving his price down & it's working. He is now £6. I think fuck yeah and reach out to @IndexBig to borrow his shares too.
The reprobate meme accounts, @Freunds_Mullet and @matthewfitrader , get wind of what I am doing and in true #YOLO fashion start buying Sancho, driving his price up. They know I have to buy back next Friday and want to make a quick buck off my move.
Knowing the #ficommunity is full of fellow reprobates, they start letting everyone know what they're doing. On jumps @YSFIndex , @FiGenesis , @FootballFrog and all other twitter accounts who buy some Sancho too.
Now I'm getting a bit panicy. I need Sancho to fall, and fast, so I make money. The #ficommunity are getting more and more giddy and Sancho has jumped up to £10. They all know that I need to buy a load of Sancho on Friday so they're all holding and refusing to budge.
Now this is getting massive attention. Sancho is £20 and FITwitter is booming. I'm going to lose all my money buying these back so I reach out to unscrupulous businessman and mogel @figuide.
I want to tell everyone I've already bought back and FIG see's all the water flosser sales he can make from me getting on to his pod so agrees.
@Freunds_Mullet and @matthewfitrader aren't buying it. They see straight through me and know I'm trying to buy back all the Sancho shares on the cheap. After a brief drop to £15, Sancho rockets to £40. Then £50 and now sits at £100.
#footnallindex twitter is booming and there have never been so many memes flying around. Is Sancho worth £100? Probably not, but they know I have to buy the shares back on Friday so they don't care.
#footballindex start restricting trades on Sancho because I'm crying to the Gambling Commission on TV. Sancho should never be £100. FI Twitter is going mental shouting "To the moon"
Where do we go from here? Well, who knows. But I'm going to be buying back some very expensive Sancho right before his price likely crashes down to what he is actually worth.
/end #footballindex
/end #footballindex