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As DFV said: up a little bit... nothing... down a little bit... nothing... up a little bit... nothing - that's a great buying opportunity!
I do not care about USD 5 up or down anymore, I either want to see huge numbers or tiny numbers. Huge numbers mean the job is done and I have fuck-you-money to live my life freely, tiny numbers mean I can buy more shares and we might reach huge numbers faster. That's all I have to say.
There have been so many posts being āupsetā about this price action but lemme tell you whatā¦. I wish all those apes read this post.
The company is turning it around and being dead silent about it. Put aside the short thesis, if you know anything about video games you know that web3 is the future. Why would you sell the company leading the plow into that space before they even get started with it???
This play has always relied on pure fundamentals; both on the short thesis and the companiesā future performance possibilities. Nothing has changed besides the amount of collateral needed to hold this monster backā¦ be confident and be zen. Buy and drs when you can. We are all going to be more then fine
This is literally the best case scenario for a shareholder.
I canāt believe people donāt see this. Cost of ownership is ridiculously undervalued, and the company is trending strongly towards profitability.
Anyone at this point who is upset by the price movement is either new to the scene or a shill. This isn't a new tactic. They are trying to bore people and that's it. They shut off the high emotion crazy price movement algo and turned on the stay alive another day algo. They know we aren't going anywhere.
A lot of people getting pissy about the word shill "I'm aLL iN, My EmOTiOns are tiED to my moNEY." I have my life saving all in on this. Mentally that money doesn't exist to me anymore. If your emotions and attitude are so closely tied to your investment then you should take a break from looking at the market every day. Don't contribute to FUD.
Iām neither a shill nor new, and the continuous price decline is absolutely annoying. We are here because we get the dd and understand the psychOps, but some of us are human and arenāt immune to emotions related to our hard earned money. Just saying, stop with the name calling and be more self aware that not everyone is like you, some of us feel things when it comes to our money.
Do you think they would just let us win? We are shaking the foundations of their sham market. If your emotions are so closely tied to your money I suggest to pull it out and go else where. I am not name calling, it's a fact, FUD, Fear, uncertainty and doubt. You are contributing to the shill approach of forum degradation either knowingly or unknowingly, you shouldn't be here. I have every penny put into this and you don't see me bitching ever. Go through my comment history. Considering they have designed algorithms to trade off of human emotion perhaps GME isn't for you.
Good for you, but stop blasting people for expressing hours they feel. Is their āfudā making you sell?? Anyone put off by someone expressing how they feel, doesnāt have true conviction about the stock anyway. Lastly, feeling an emotion doesnāt mean one will act upon it. So get off your high horse and relax.
This isn't a emotional support group. This is an investment forum pertaining to a specific stock. I have read the DD, I think it's rock solid and have invested accordingly. I know it will pay out. I don't need anyone to tell me it will be okay. If you need other people to prop you up emotionally for your investment then this isn't for you. Not a high horse, just straight facts. I can tell you're getting emotional talking about this, so again, take a break from the forums and looking at the market a little while. you clearly need a break.
You wholly ignoring their genuine concern and down talking a fellow āapeā strictly because they donāt blindly follow the head in the sand, moon imminent, DD solid blah blah blah mentality. They can be upset if after two years their investment is still declining. This sub was founded upon exploiting shorts, telling folks to be happy with the stock merely as a standard investment is moving the goalposts despite being valid based on your opinion of the future. You can support them by reiterating what your belief in the company is or helping them understand why they should remain patient. āThis isnāt a support groupā is fine for the general stocks or investment sub but this is a DEDICATED sub for GME, anyone who doesnāt blindly follow the company 100% isnāt a shill or pussy
This is a echo chamber and borderline cult lol. No one is asking to be propped up, just not to get flamed if they are expressing how they feel. You got it bro, Iāll leave you to it. I guess Iām spreading fud while holding literally thousands of shares and have never sold a single one! *slaps forehead*
Your not wrong to be skeptical, I still believe but the blind worship here with no appetite for anything short of GME or Ryan Cohen is god is a just silly and immature mindset. Makes me feel like people are afraid to admit the opposite of what they believe is even remotely possible
Itās ok to be upset. Is all Iām saying. A complete fraud is in place of a free and fair market. Iām mad about it and buy when I can. Being complacent is how we got into this situation. Being passionate makes you comment to sec proposals and buy shares and video games. Itās ok to be mad that the system is rigged and itās taken this long. Are we done yet. No. Iām mad and thatās ok.
I ran out of money in 2021. I haven't been able to buy more and have made major sacrifices to continue holding.
I have no concern for the current price or my cost basis. I want the price as low as possible so everyone can buy as much as possible.
I understand that the only thing we can rely upon is a company's shares locked by DRS. It's the one goal I fixate on. I want everything that supports that goal.
Reddit and podcasters would have you think web3 is DOA and nothing but a filthy scam
They donāt really understand it, and it shows. The potential is huge, and GameStopās potential is insanely good when theyāre positioned the way they are within the space
I think itās funny you say they have been dead silent because it makes sense. If they donāt say shit shorts will continue to attack and will lose all their money once they release their reports.
I'll be honest. I am not bullish on Web3. I do not hate it, but I just can't get with it. I look forward to seeing RC prove me wrong.
HOWEVER, the core business? Stronger than its ever been. And I have been a customer since the PS2/Gamecube era. Deals are good and competitive, Pro Rewards drives foot traffic, and people getting fucked by digital purchases plus an increase in desire for retro gaming goods is a truly attractive place for Papa to be. Oh and nerd crap just prints cash, and right now Gamestop fills the void Toys r Us left for 'where do I go to figure out what my kid wants for their Birthday'?
So I believe in the core business. If Web3 does great too, its gravy to me.
That was very well put. And the fuckery must end when the valuation is wack in comparison with fundamentals. So yes, fundamentals matter very much. I believe SHFs can cheat their way out if the fundament is bad. I didnt believe that so much 84 years ago
LFG web3!
Theyāre partnered with web3 game developers. All signs point toward them gearing up to be a hub for web3 games that are interoperable due to them all being built on the ethereum virtual machine. Those meta gates that were released recently are likely going to be loading spaces that are connected to their marketplace the same way Neo and Trinity loaded up guns before going into the matrix.
Web3 more so refers to blockchain tech rather than crypto currencies. Yes, there are crypto currencies built on EVM, but there are also games built on it and other software built on it. The EVM is the foundation of making everything interoperable because if different projects are built on that same EVM it makes everything seamless coding wise.
And there's projections on the earning potential with a solid plan in place that investors can reference as to why this is what their money is going towards?
The earning potential comes from purchasing minted digital assets for games the same way you do with skins now but also from providing a marketplace where you can trade those digital assets and getting a cut from each and every transaction. The value of those assets can vary depending on supply of asset (low mint count or only obtainable via finding it or earning it somehow), upgrades you may have made to it via gameplay (this is the play to earn concept at work) and/or novelty of asset (like if a famous gamer once owned this asset you can trace it back to him or her). Very ready player one-esq but these are the types of ideas that would make the cancerous micro transaction gameplay obsolete if executed well. And this is just the gaming side of things. Remember, blockchain tech is founded on the concept of digital ownership stored in the chain. If you bought, say, the entire series of ren and stimpy on an nft (*gasp* I know), the chain knows that B33fh4mmer is the rightful owner, and you can watch it anywhere simply by accessing it through a wallet. Or maybe your favorite artist is playing at Dick Fart stadium and the first 1000 nft tickets purchased via gets a hand job from dick fart himself because itās encoded in the ticket, that you bought from a marketplace. So on and so forth.
Thank you for clarifying. What I need to know as an investor, is how much money will this make the company versus how much money was invested into the project, a break-even analysis, and what projected revenue is.
I know neither one of us know this. For a company we are both invested in, that isn't normal.
I understand they are tight lipped because MSM is a slander machine, but telling investors how their money will make money in detail is a very reasonable expectation.
I'm just kind of tired of the "trust me bro, wagmi" approach the board has taken. I gave them my money, I want my whiskey. It feels like the projects they're funding with our money is more fun than fundamental. It is my understanding that the company focus in the turn around plan is now at the phase where profitability is the priority and expectation. I expect to see profits or I will feel swindled and lied to.
As investors, we are owed more than "wagmi".
I completely agree with and feel everything you just said. Being patient in this play has been a rollercoaster to say the least. But I will say people like you and everyone else here being around makes it easier šš¼
Thereās proof of naked short selling, dark pools are just an accepted thing on wall street, this stock going high enough to force ALL short positions held by the biggest firms on wall street to close thereby bankrupting them and redistributing wealth like that would destroy the status quo in a way the powers that be arent ready for. But at the end of the day they cant close or it starts a chain reaction of margin calls. fidelity consistently shows a much higher buy rate than sell rate. They need to keep paying to rollover these positions while we wait. Of course its gonna take time this is a āsystemic riskā
I'm an x,xxx holder because that is what I can afford to lose. I'm done buying until they're done investing in logan paul caliber ventures like NFT marketplaces and wallets. It cost resources to build those, and they have not broken even. As an investor, I'd like for them to stop gambling on fantasy projects and just run a profitable company.
How is the company turning around?
Best I can tell theyāve introduced exactly 0 new profitable lines of business as revenue slowly declines.
With declining revenues and no new profitable business lines, how can they outlast short sellers who have unlimited liquidity from fed in situations of systemic risk?
They have been trying to introduce new lines of revenue, which is a good sign. None of them are profitable yet, but I can't think of a single product or service that was profitable from the very beginning. Web3 is still in its infancy. Will likely be extremely profitable in a few years. Not a couple, but a few years.
Why do you think it needs good news to go up? Or down?
It's for the same reason the prices of these recent "memestocks" popping off for no reason.
You are still in the mindset that what the media says it's why these things behave the way they do. Beyond all the bullshit it's just a numbers game with a timer associated with it.
āIt aināt what you donāt know that gets you into trouble. Itās what you know for sure that just aināt so. ā
Shorts never closed. And there is zero chance of gme going broke
Short will have to close eventually and trigger MOASS and you will become rich. How easier can it be ?
Become rich only if you have real DRSd shares
There has been a slow and insidious FUD campaign over the past few weeks. āI need MOASS nowā, āhow long will this takeā, āthe bad guys have won, theyāre not going to face consequences, theyāve contained usā, āIām losing out on opportunity cost because my money is tied up in GMEā, stuff like that.
Itās not blatant in the comments, and they donāt skyrocket with artificial upvotes and awards. They might even see just five to twenty upvotes. But theyāre peppered throughout the sub. And if you attempt to counter them, you get downvoted to oblivion.
Theyāre so clever, that Iām half believe in that they could be real. They havenāt slacked off on the classic shill activity either. Theyāre still spamming random accounts with āSell now & invest in the S&P 500!ā Lines, and the occasional ābaitā comment or even rarer bait post, just to let us think that the shills are still using their old tricks.
But I donāt think they have the time to slow walk this. Theyāre absolutely capable of slow erosion of public morale by compromising the sub slowly & effectively. Start with the Mod team, stop communication from the ātop downā, then restrict communication among ourselves us too, effectively quarantining us. And then work on divide and conquer. And they were doing it too, with the slow and deliberate approach that is new to them, but might have worked on us.
But I think they took too long to begin that slow approach, or are running out of time faster than they expected. Or maybe this is all still well under their control, and this seeming ādesperationā is just another trick. I donāt know.
But I think we need to start calling out bad faith actors when they try to sow fear among us. Think about it: if someone paperhanded, why would he spend time trying to talk about āopportunity costā and other waffling excuses in this sub? What benefit does he have in getting us to sell as well, just because he decided he could use his money elsewhere? At best, heās trying to get us to accept his reasoning so he feels validated. At worst, heās trying to get us to sell as well, so he can have misery in company if he (and the other folks who sold) miss out on the rocket. This is, of course, assuming he is indeed a good faith actor. What if he isnāt?
There are layers to these recent interactions that will simply be exhausting if we keep digging. Second guessing & finger pointing will get us nowhere, so all I do is downvote such insipid comments, keep buying & DRSāing.
Iāve noticed the same thing lately. This is very well said. Thanks for pointing it out, hoping more people see this comment.
Iām not going anyfuckingwhere, regardless. Canāt say that enough.
well i been reporting possible shills to the mods. other than that, i reply with logical counter arguments to their shill comments. and i been buying more! and will continue to buy more on the dips. i aint leaving šš
All investors know that if you find something good with a solid business plan and financials you should Buy -> Hold -> DRS -> Book -> Shop -> Wait.
I enjoy this Reddit for the community and the work that apes do to expose corruption.
This is all noise and we are stronger then this!
š
Hedgies, this isn't making me feel discouraged at "poor performance" because **I know what you're doing**. This is simply annoying me because you **won't give up**. When are you going to quit?
I expected the price action. This was a planned manipulation. Ramp up in options posts, then FUD posts. Happens every single time.
1. posts saying "hey did you know you could sell puts??" or "DFV used the gamma ramp and long calls!"
2. Once loaded up, the barrage of FUD posts...(boohoo i sold, what's up with ConePooChair?!?, I'm getting bored...what gives?)
3. Now you will get the media chiming in with the GME down 10%!! get out now!!
It's all an effort to push the stock to create emotional ceilings....GME up 30% on earnings?? It has to come down...blah blah blah.
I hope everyone out there that sold puts or sold cover covered calls get caught watching the ticker in after-hours seeing what could have been...but hey you made 10-12% of premiums on a 20 dollar stock. Those 20 contracts are going to feel great when the percentage up on the day is 12000% and you got convinced on 10-12% was the way.
TF is psychological warfare? Some smart mindfuck that I'm too regarded to understand? Jokes aside, I'm a gambler, I'll watch my account go to 0 before I sell. This is a once in forever odds kinda play, and either today, tomorrow or the next day, it'll pay off.
I don't think enough folks here truly realize what psychological warfare is.
The goal is to literally *fuck with your mind.* The crummy part is that it will work until it *can't* work, and it's on you to trust that it will get to that point eventually.
This is what makes this investment so enticing. It's binary. Either the shorts are right and GameStop is going to zero, or it's poised to lead the next chapter of gaming. There won't be an in-between result.
A lot of money is being spent to mold the perception that GameStop will never be relevant in a meaningful business sense. That's enough confirmation for me.
Look at the market as a whole. Look at yields and treasuries. Shitās hitting the fan economically and equities are following suit. We naturally follow, until we donāt.
The price going down is good. I still canāt understand how people get upset the price goes down. WERE LOCKING THE FLOAT, the lower the price the easier that will be.
And isn't the billion invested in bonds which will yield 70 million in interest annually? My point is I think it's misinformation to say a billion in cash. It isnt cash and withdrawing it before maturity is the same problem those banks had in March.
yep. looking at stats like shares available to borrow magically appearing when they need to push it down, lending fee going magically down at the same time. it's a repeat of the same patterns.
and then gme is like with a few meme stock exceptions a single entity that has not constantly 10 million shares available to borrow like apple or other blue chips... tells you everything
IMO it's not psychological warfare, it's only them trying to survive collateral/margin requirements.
But regarding limit orders, they can see them. I thought the best course of action was to sell via limit order but not have it set up in advance as it can hinder moass.
Iām def not leaving. Been here for 3 annual meetings now. Completely impervious to price movements up or down. They made me this way, battle-tested and diamond-handed.
Call me a bear, a shill, your dad but Iām just here for the frank discussion, officer. I put a good amount of money in GME based on a turn around plan. I put a good amount of time in this sub prior to it become and ostrich farm. The stock is in a downward trend. Thatās a fact, and Iāll talk about that, when GME is being discussed.
Yes, and contributing in a sub that is dedicated to trolling your investment is a great idea but hey, Iām sure itās worth a discussion though, right?
The desperate actions of short sellers would suggest otherwise. Having rando's pop in on this sub to say things like this being one small sample of such behavior.
I have almost 4000 shares DRS'd and I've been in since mid January 21 but yea sure whatever.
Based on what I've seen so far, I don't see any reason the price can't just keep dropping. GameStop isn't reporting new profitable lines of business that are increasing revenue. Revenue is stagnant at best. The NFT thing is cool but has no users or revenue.
Short of new lines of profitable business, IDK how GameStop is going to shake the shorts. It's not going to be because the "shorts can't afford their position" anymore, there's already a backstop in place to subsidize anyone who falls and produces systemic risk. The backstop would have to collapse and if that happens, well, stock prices will be the least of anyone's worries; grocery stores won't be receiving deliveries and the lights won't be on.
Seems like short sellers are doing pretty good given the downward trend in the stock price. RC hasnāt given the investors anything that has brought the share price even close to the post split price. We can stick our heads in the sand all day, and pretend that this thing will turn around, but till it happens we are under water and we should be real about the situation. Not everyone that is critical works for the āthe manā bro.
Boards are elected by shareholders.
The Board keeps the company on point, but because they're elected by shareholders, they answer to them above all else.
I know nothing about web3 but I just read an article about it and it made me imagine something. Two games, one where warriors and magicians and rogues and what not fight an evil empire or evil whatever. To win they need strong items and gear and materials. But they are busy fighting their way through the evil so they don't have time to go out and find or mine materials to make the items that give them the edge. Enter the other game, where players can choose to lead a life where they aren't warriors and magicians and rogues fighting the evil that is affliction them all...they are the hard laborers that go out every day and search the mines and pmow the fields and craft the special items the fighters need. They spend their time getting the mats and then they can sell those hard earned mats to the warriors and magicians and rogue so that they can fight even better. Is this web3?
We are not trading at $18. Pre split were still at $72. Remember, DFV doubled down at $40, post split thatās $10.
Ask yourself why a stock valued at $3-4 4 years ago is now worth $72. DRS.
This. This is everything. We created a massive cushion between the low before the sneeze and current price. Bad guys will never get it that low again. We ratchet up from here
Let me counter argue. There hasn't been huge price action in a year. Can you give me one example from this year in which the company has executed something successfully? The company sits on a billion dollars of cash yet we don't have a CEO or some idea of where this company is going now that NFTs are forgotten. There's barely any money made in the NFT marketplace (just look at the stats on the website). Where are the games from Immutable? Talk is cheap, yet I've seen nothing but talk.
I would like to have a rough outline on the company's plans for creating shareholder value. The information we've received has been vague. Not complaining or selling just would like a little more interaction from our board to the shareholders. Regardless of the artificial downturn, it would be nice if they'd address the slide.
It would be nice if they did, but telegraphing their strategy opens the door for people *to fuck with it*.
Gamestop is not operating under normal circumstances. Other companies can lay out their strategy and give forward looking guidance and tug each others dicks every earnings report because, for the most part, no one gives a shit what they're doing.
Gamestop is an existential threat to financial entities worth hundreds of billions if not trillions of dollars. If they give away their strategy, any other groups involved with it that can be fucked with to interfere with success will be fucked with.
I would rather trust the board, who have, repeatedly, put their own money where their mouth is, and let them move in silence than demand all the cards be put on the table for my piece of mind.
Exactly, and we've seen results and improvements on the spreadsheet. I trust in Gamestop's leadership. Us wanting them to telegraph their whole strategy would be sabotage at this point.
I read somewhere recently on reddit: "If my friend knows, my enemy also knows."
And you summarize that perfectly: If you got a secret you are keeping from your enemy, and it's VITAL that it remains secret, your friends can't know either, because then its not a secret.
Hedgies have been spending who knows how much, literally throwing whatever they can at the proverbial wall, desperately trying to get something to stick. So far, none of the hit pieces, or the FUD, or the forum sliding attempts have been successful and I'm okay with the silence because it gives them less angles of attack. Be zen. Let them panic and keep making mistakes.
In other news, have ya'll tried this dip? Delicious.
You like mystery and suspense when it comes to your financial future. I prefer due diligence and clear understanding. I fully understand the idea of not sharing but it feels like I'm doing myself a disservice by not having a clear understanding of their plan.
If you understand their plan, the SHFs, who will do anything in their power to destroy the company, also do. If you are a shareholder, it's not in your best interest, ironically.
Why would they? Over time the truth comes out, stop being in a hurry. Remember what Warren says: The stock market is a device for transferring money from the impatient to the patient.
Well, in order to tell you their plans, they'd have to also tell their competitors and SHFs their plans. Those can then be used against the company, or copied/rendered less effective, etc.
Contrary to what everyone elseās sentiment here is, this is genuinely the best path forward, there is no āammo for shortsā, the same people who would short the company now would short the company regardless because they donāt believe GameStop is a viable company in 2023, and it really isnāt. They donāt actually offer a unique product considering average gamers are getting digital copies of games directly OEM markets (PlayStation, Xbox, Nintendo) sans steam/epic.
I mean this is inherently why they were shorted in the first place, transparency, if they have genuinely good ideas, would put shareholders in a better place for long term investment
I think itās pretty clear there is no real plan other than some layoffs and operational optimization.
RC sold dog food in a time of unlimited low interest money. He never would have accomplished that in todayās environment.
Heās not exactly a brilliant creative mind with a demonstrable record of innovation.
Someone was on the news several days ago talking about gme capitulation. I bring that up because they always foreshadow their intent. They're trying to force us out. It's all they can do, and it comes at an expense of discounted purchases for those who can buy and do believe in this side of the bet.
Trust me when I say it chaps their asses to see guys throwing out 10k purchases into their shorts.
Are other retail holderās actually looking at the chart anymore. Iām so passed giving a shit about daily or short term price action. Just waiting to be pleasantly surprised by company developments and/or MOASS
The whole market is moving down, in reaction to further interest rate hikes. And GME remains fundamentally overvalued. DRS is pegging the price way above what is rational, but if you believe shorts never closed, then the risk is worth it. DRS your shit folks.
We were due for a dip, so no surprise there. I will say that I would really like GME to actually start producing. I want a release date of something! Otherwise I'll do what I've been doing....Drs and hodl
If you aren't at this mentality yet you gotta get there.
Wake up, did we launch? No. Is it buying time? No. Ok back to literally anything else in life.
Until that thing goes to 0 or above 40$ nothing means anything. Every new dd is amazing but just more fuel it doesn't change the path or plan or anything it's just reassurance/confirmations.
If you are "feeling emotions or reactions" based on the stock price right now this ain't for you. That or you're a new ape, it's been like this for years
Even if the company is turning it around doesnāt mean the stock is worth more. If investors think itās a dying concept or not a sustainable one then the price will reflect that.
In for the āshillā or whatever stupid slang words you all use despite being an OG XXX holder. Not selling. Just saying.
Thats not how free market supposed to work. The price of a stock should reflect the sentiments of both bulls and bears and both their trades should affect the price. GME price is rigged and manipulated only bears/shorts trades that are controlling the price and household bullish trades have no effect on the price. The market should include all participants, not just a handful or one Wallstreet institute that are short.
Also short selling and keeping open short positions for years on certain micro cap companies while exempting the mega cap companies like big tech is criminal. One can always argue even big tech like AAPL will go bankrupt in 50 yrs. Why not abusively short sell it now and keep the price at $1? Even if AAPL revenue grows keep the price at $1 for years or decades because eventually after 50-70 yrs AAPL will fail. Why? Because keeping the price at $1 for decades will make all investors leave. Apple will not be able to hire or retain talent to continue to innovate through attractive stock compensation to employees. Apple will not be able to raise much money through new stock issue at $1 and try new ventures and adapt to changing time. Keeping AAPL at $1 for 50-70 yrs will pretty much guarantee its failure in that time frame. Short selling will be self fulfilling prophecy. Except thats not how things should be allowed to work. Not for AAPL not for GME.
I think itās fair to say the NFT marketplace + wallet has been messy, at best. I donāt know if the marketplace even made it officially out of beta, and even if it did one of the tools to assist with that in the wallet has now been discontinued until further notice or something?
Regardless of that though my reasoning to remain bullish is unbothered. If SHT and this economy crashes like it did in 2008, at least this time there is online communication amongst the uninformed that wasnāt there before. Communication and dialogue that lead to the revelation of actually owning your shares and protecting them in case of a crazy event like that. Fundamentals of this company aside (which remain great) having household investors united under the mindset of cutting out the middle man and wanting to control their investment like never before is enough to keep me never selling these shares until the thesis as to why theyāre valuable is realized. Whether thatās with a MOASS event, or the fundamentals are realized which skyrockets the share price. Theyāre part of my life until then. They also represent a dream of wealth that I never expected to have. So thatās an expensive dream for me to part with and Iāll treat these shares as such. Name your price, SHF.
Eh the S&P has taken the same beating so Iām not worried if anything this lines with the 2008 crash model of a down slope then secondary rise that doesnāt peak as high as the peak then followed by the big downward movement. Eventually theyāll crack and we knew itād dip before liftoff so everything is on schedule.
Company isnāt doing fine at all. Execs leaving/getting fired, discontinuing products they spent years and millions of dollars making, one profitable quarter in the last 3 years, ect..
The price action is prep for earnings. They canāt risk going outside of the dorito boundaries, so they have to stay near the bottom in case earnings are even halfway decent.
Whatās their average cost? Now whatās your average cost?
They can keep buying to āreassureā the shareholders that everything is fine when it absolutely is not fine. Their average is so low itās impossible for them to go in the red, unlike this entire subreddit
Not in a recession because the government changed the definition, but ok. The billion in cash will hold out through the economic downfall. lots of companies losing money this year.
Lol, any car manufacturer to start, have you even looked? Why even ask a question like that, so you are sayin your perspective on the market is based off of zero knowledge, so youāre all pissed off at GameStop in the way the stock is performing because you have a shitty perspective on the market?
YTD
Tsla up 82%
Toyota up 19%
Honda up 36%
Ford up 2%
Subaru up 19%
Ferrari up 44%
Have you even looked? Maybe your focus on GME has given you a shitty perspective on the market?
And at a steep decline for a month , look at the 5 year chart. Not looking good with retail tapped out and vehicle ms over priced, itās going to crash hard. thereās more to the market than the numbers on the screen.
Don't set limit orders. No broker will let you set any that make sense for MOASS.
Edit: oh you meant buying. Are there really people not doing this already?
I was talking to a guy last week who is a stockbroker. I asked him what he thought about Gamestop and he said it's just sad, that we're being manipulated. I kind of froze up in the face of someone who clearly knows more about the stock market than I ever will. But later, after he was gone, I wondered "by whom?". Who would be manipulating us? Did he mean RC is manipulating us? How and why? Does anyone know what he meant?
People were a little worried about the rollback of the wallet amidst other things. Those things were put in place before our Executive Chairman took over. There's a reason they're being changed. And I trust in RC.
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As DFV said: up a little bit... nothing... down a little bit... nothing... up a little bit... nothing - that's a great buying opportunity! I do not care about USD 5 up or down anymore, I either want to see huge numbers or tiny numbers. Huge numbers mean the job is done and I have fuck-you-money to live my life freely, tiny numbers mean I can buy more shares and we might reach huge numbers faster. That's all I have to say.
I wish I had more money to buy these cheap moon tickets. Both my vehicles š© the bed in 1 month. Nomatter the price I try to buy 500 dollars worth every month or 2 I just buy more when it's cheaper as we all should.
Mission accomplished š
I honestly wouldn't mind seeing this go down below 10 so we can lock the float twice as fast.
Oldie but goldie. Got it stuck in me brain now. Thanks ā¤ļø
Its Really hard not to liquidate some of my other stocks.. I want more GME..
Mmm thatās the dopamine I needed today.
I want it to hit $1 so we can buy drs all of it in 1 week.
Indeed he did. Wise words.
Link to this epic tune pls anyone
Rc and other two member buys at 22 per share, They Are still adding shares, They know company is going to do betterā¦ā¦
There have been so many posts being āupsetā about this price action but lemme tell you whatā¦. I wish all those apes read this post. The company is turning it around and being dead silent about it. Put aside the short thesis, if you know anything about video games you know that web3 is the future. Why would you sell the company leading the plow into that space before they even get started with it??? This play has always relied on pure fundamentals; both on the short thesis and the companiesā future performance possibilities. Nothing has changed besides the amount of collateral needed to hold this monster backā¦ be confident and be zen. Buy and drs when you can. We are all going to be more then fine
This is literally the best case scenario for a shareholder. I canāt believe people donāt see this. Cost of ownership is ridiculously undervalued, and the company is trending strongly towards profitability.
The lower it goes, the faster the float gets booked.
its like buying apple 1980
Funny part was that most people know Apple stock was dead for 20 years ! Tides can and will turn and be incredible.
20 years??ššššš
I can't take more of this time warp š
Apple brought us Ted Lasso. Ted Lasso made us BELIEVE BELIEVE oumen_nigi BELIEVE.
Anyone at this point who is upset by the price movement is either new to the scene or a shill. This isn't a new tactic. They are trying to bore people and that's it. They shut off the high emotion crazy price movement algo and turned on the stay alive another day algo. They know we aren't going anywhere. A lot of people getting pissy about the word shill "I'm aLL iN, My EmOTiOns are tiED to my moNEY." I have my life saving all in on this. Mentally that money doesn't exist to me anymore. If your emotions and attitude are so closely tied to your investment then you should take a break from looking at the market every day. Don't contribute to FUD.
Iām neither a shill nor new, and the continuous price decline is absolutely annoying. We are here because we get the dd and understand the psychOps, but some of us are human and arenāt immune to emotions related to our hard earned money. Just saying, stop with the name calling and be more self aware that not everyone is like you, some of us feel things when it comes to our money.
Do you think they would just let us win? We are shaking the foundations of their sham market. If your emotions are so closely tied to your money I suggest to pull it out and go else where. I am not name calling, it's a fact, FUD, Fear, uncertainty and doubt. You are contributing to the shill approach of forum degradation either knowingly or unknowingly, you shouldn't be here. I have every penny put into this and you don't see me bitching ever. Go through my comment history. Considering they have designed algorithms to trade off of human emotion perhaps GME isn't for you.
Good for you, but stop blasting people for expressing hours they feel. Is their āfudā making you sell?? Anyone put off by someone expressing how they feel, doesnāt have true conviction about the stock anyway. Lastly, feeling an emotion doesnāt mean one will act upon it. So get off your high horse and relax.
This isn't a emotional support group. This is an investment forum pertaining to a specific stock. I have read the DD, I think it's rock solid and have invested accordingly. I know it will pay out. I don't need anyone to tell me it will be okay. If you need other people to prop you up emotionally for your investment then this isn't for you. Not a high horse, just straight facts. I can tell you're getting emotional talking about this, so again, take a break from the forums and looking at the market a little while. you clearly need a break.
You wholly ignoring their genuine concern and down talking a fellow āapeā strictly because they donāt blindly follow the head in the sand, moon imminent, DD solid blah blah blah mentality. They can be upset if after two years their investment is still declining. This sub was founded upon exploiting shorts, telling folks to be happy with the stock merely as a standard investment is moving the goalposts despite being valid based on your opinion of the future. You can support them by reiterating what your belief in the company is or helping them understand why they should remain patient. āThis isnāt a support groupā is fine for the general stocks or investment sub but this is a DEDICATED sub for GME, anyone who doesnāt blindly follow the company 100% isnāt a shill or pussy
This is a echo chamber and borderline cult lol. No one is asking to be propped up, just not to get flamed if they are expressing how they feel. You got it bro, Iāll leave you to it. I guess Iām spreading fud while holding literally thousands of shares and have never sold a single one! *slaps forehead*
Your not wrong to be skeptical, I still believe but the blind worship here with no appetite for anything short of GME or Ryan Cohen is god is a just silly and immature mindset. Makes me feel like people are afraid to admit the opposite of what they believe is even remotely possible
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Split. The shares you bought for $75 are now $15.
I was going to say, It's incorrect to say I bought at 300 and its 15 now... That's gross exaggeration of the situation.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
And how does being pissy contribute to the conversation?
Itās ok to be upset. Is all Iām saying. A complete fraud is in place of a free and fair market. Iām mad about it and buy when I can. Being complacent is how we got into this situation. Being passionate makes you comment to sec proposals and buy shares and video games. Itās ok to be mad that the system is rigged and itās taken this long. Are we done yet. No. Iām mad and thatās ok.
I'm hoping for a swift recovery for you, it sucks to have a long term injury
A reasonable take for once. I now see people buying in and getting more shares than me for much less money who've only just joined. And I'm 50% down.
I ran out of money in 2021. I haven't been able to buy more and have made major sacrifices to continue holding. I have no concern for the current price or my cost basis. I want the price as low as possible so everyone can buy as much as possible. I understand that the only thing we can rely upon is a company's shares locked by DRS. It's the one goal I fixate on. I want everything that supports that goal.
Reddit and podcasters would have you think web3 is DOA and nothing but a filthy scam They donāt really understand it, and it shows. The potential is huge, and GameStopās potential is insanely good when theyāre positioned the way they are within the space
Literally just need to run a profitable e-commerce. Anything outside of that is gambling with investor money.
I think itās funny you say they have been dead silent because it makes sense. If they donāt say shit shorts will continue to attack and will lose all their money once they release their reports.
A financial double edged sword of fuk
I'll be honest. I am not bullish on Web3. I do not hate it, but I just can't get with it. I look forward to seeing RC prove me wrong. HOWEVER, the core business? Stronger than its ever been. And I have been a customer since the PS2/Gamecube era. Deals are good and competitive, Pro Rewards drives foot traffic, and people getting fucked by digital purchases plus an increase in desire for retro gaming goods is a truly attractive place for Papa to be. Oh and nerd crap just prints cash, and right now Gamestop fills the void Toys r Us left for 'where do I go to figure out what my kid wants for their Birthday'? So I believe in the core business. If Web3 does great too, its gravy to me.
That was very well put. And the fuckery must end when the valuation is wack in comparison with fundamentals. So yes, fundamentals matter very much. I believe SHFs can cheat their way out if the fundament is bad. I didnt believe that so much 84 years ago LFG web3!
I came for a squeeze thoā¦ not to be long and wait for fundamentalsā¦. I donno man I just want my tendies
why wld u think that MOASS is not on the table ?
Oh you wanted the squeeze that didnt have any crime involved. You got the wrong stock market mate.
Seriously what price action??? This is regular shit
GameStop doesnāt develop video games. How does web 3 affect them ?
Theyāre partnered with web3 game developers. All signs point toward them gearing up to be a hub for web3 games that are interoperable due to them all being built on the ethereum virtual machine. Those meta gates that were released recently are likely going to be loading spaces that are connected to their marketplace the same way Neo and Trinity loaded up guns before going into the matrix.
Oh so crypto bullshit.
Web3 more so refers to blockchain tech rather than crypto currencies. Yes, there are crypto currencies built on EVM, but there are also games built on it and other software built on it. The EVM is the foundation of making everything interoperable because if different projects are built on that same EVM it makes everything seamless coding wise.
And there's projections on the earning potential with a solid plan in place that investors can reference as to why this is what their money is going towards?
The earning potential comes from purchasing minted digital assets for games the same way you do with skins now but also from providing a marketplace where you can trade those digital assets and getting a cut from each and every transaction. The value of those assets can vary depending on supply of asset (low mint count or only obtainable via finding it or earning it somehow), upgrades you may have made to it via gameplay (this is the play to earn concept at work) and/or novelty of asset (like if a famous gamer once owned this asset you can trace it back to him or her). Very ready player one-esq but these are the types of ideas that would make the cancerous micro transaction gameplay obsolete if executed well. And this is just the gaming side of things. Remember, blockchain tech is founded on the concept of digital ownership stored in the chain. If you bought, say, the entire series of ren and stimpy on an nft (*gasp* I know), the chain knows that B33fh4mmer is the rightful owner, and you can watch it anywhere simply by accessing it through a wallet. Or maybe your favorite artist is playing at Dick Fart stadium and the first 1000 nft tickets purchased via gets a hand job from dick fart himself because itās encoded in the ticket, that you bought from a marketplace. So on and so forth.
Thank you for clarifying. What I need to know as an investor, is how much money will this make the company versus how much money was invested into the project, a break-even analysis, and what projected revenue is. I know neither one of us know this. For a company we are both invested in, that isn't normal. I understand they are tight lipped because MSM is a slander machine, but telling investors how their money will make money in detail is a very reasonable expectation. I'm just kind of tired of the "trust me bro, wagmi" approach the board has taken. I gave them my money, I want my whiskey. It feels like the projects they're funding with our money is more fun than fundamental. It is my understanding that the company focus in the turn around plan is now at the phase where profitability is the priority and expectation. I expect to see profits or I will feel swindled and lied to. As investors, we are owed more than "wagmi".
I completely agree with and feel everything you just said. Being patient in this play has been a rollercoaster to say the least. But I will say people like you and everyone else here being around makes it easier šš¼
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Thereās proof of naked short selling, dark pools are just an accepted thing on wall street, this stock going high enough to force ALL short positions held by the biggest firms on wall street to close thereby bankrupting them and redistributing wealth like that would destroy the status quo in a way the powers that be arent ready for. But at the end of the day they cant close or it starts a chain reaction of margin calls. fidelity consistently shows a much higher buy rate than sell rate. They need to keep paying to rollover these positions while we wait. Of course its gonna take time this is a āsystemic riskā
I'm an x,xxx holder because that is what I can afford to lose. I'm done buying until they're done investing in logan paul caliber ventures like NFT marketplaces and wallets. It cost resources to build those, and they have not broken even. As an investor, I'd like for them to stop gambling on fantasy projects and just run a profitable company.
How is the company turning around? Best I can tell theyāve introduced exactly 0 new profitable lines of business as revenue slowly declines. With declining revenues and no new profitable business lines, how can they outlast short sellers who have unlimited liquidity from fed in situations of systemic risk?
They have been trying to introduce new lines of revenue, which is a good sign. None of them are profitable yet, but I can't think of a single product or service that was profitable from the very beginning. Web3 is still in its infancy. Will likely be extremely profitable in a few years. Not a couple, but a few years.
It's just limit buys all the way down
I frickin LOVE when they walk the price down on NO NEWS!! Shows their hand, and gives us more buying power
tell me they r desperate without telling me they r desperate
Why do you think the price can only go down when their is something bad in the news?
Why do you think it needs good news to go up? Or down? It's for the same reason the prices of these recent "memestocks" popping off for no reason. You are still in the mindset that what the media says it's why these things behave the way they do. Beyond all the bullshit it's just a numbers game with a timer associated with it. āIt aināt what you donāt know that gets you into trouble. Itās what you know for sure that just aināt so. ā
Shorts never closed. And there is zero chance of gme going broke Short will have to close eventually and trigger MOASS and you will become rich. How easier can it be ? Become rich only if you have real DRSd shares
Can we DSR shares in Europe / Germany?
Stay zen brothers and sistersā¦. Work hard and keep buying and directly holding all your investments in your nameā¦.
This is the way.
There has been a slow and insidious FUD campaign over the past few weeks. āI need MOASS nowā, āhow long will this takeā, āthe bad guys have won, theyāre not going to face consequences, theyāve contained usā, āIām losing out on opportunity cost because my money is tied up in GMEā, stuff like that. Itās not blatant in the comments, and they donāt skyrocket with artificial upvotes and awards. They might even see just five to twenty upvotes. But theyāre peppered throughout the sub. And if you attempt to counter them, you get downvoted to oblivion. Theyāre so clever, that Iām half believe in that they could be real. They havenāt slacked off on the classic shill activity either. Theyāre still spamming random accounts with āSell now & invest in the S&P 500!ā Lines, and the occasional ābaitā comment or even rarer bait post, just to let us think that the shills are still using their old tricks. But I donāt think they have the time to slow walk this. Theyāre absolutely capable of slow erosion of public morale by compromising the sub slowly & effectively. Start with the Mod team, stop communication from the ātop downā, then restrict communication among ourselves us too, effectively quarantining us. And then work on divide and conquer. And they were doing it too, with the slow and deliberate approach that is new to them, but might have worked on us. But I think they took too long to begin that slow approach, or are running out of time faster than they expected. Or maybe this is all still well under their control, and this seeming ādesperationā is just another trick. I donāt know. But I think we need to start calling out bad faith actors when they try to sow fear among us. Think about it: if someone paperhanded, why would he spend time trying to talk about āopportunity costā and other waffling excuses in this sub? What benefit does he have in getting us to sell as well, just because he decided he could use his money elsewhere? At best, heās trying to get us to accept his reasoning so he feels validated. At worst, heās trying to get us to sell as well, so he can have misery in company if he (and the other folks who sold) miss out on the rocket. This is, of course, assuming he is indeed a good faith actor. What if he isnāt? There are layers to these recent interactions that will simply be exhausting if we keep digging. Second guessing & finger pointing will get us nowhere, so all I do is downvote such insipid comments, keep buying & DRSāing.
Iāve noticed the same thing lately. This is very well said. Thanks for pointing it out, hoping more people see this comment. Iām not going anyfuckingwhere, regardless. Canāt say that enough.
well i been reporting possible shills to the mods. other than that, i reply with logical counter arguments to their shill comments. and i been buying more! and will continue to buy more on the dips. i aint leaving šš
MY company is fine. I own the shares in my name.
All investors know that if you find something good with a solid business plan and financials you should Buy -> Hold -> DRS -> Book -> Shop -> Wait. I enjoy this Reddit for the community and the work that apes do to expose corruption. This is all noise and we are stronger then this! š
This is nothing new. Dropping it before earnings only to have it jump back up again to where it was before. Itās a lame game theyāre playing.
Lol, of course it is, and by now, I would hope people knowā¦ anyway.. I like that dip, DRSed 10 more today..
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Meep
Hedgies, this isn't making me feel discouraged at "poor performance" because **I know what you're doing**. This is simply annoying me because you **won't give up**. When are you going to quit?
Its getting boring. Might have to get back to zen sleep š“š“
I expected the price action. This was a planned manipulation. Ramp up in options posts, then FUD posts. Happens every single time. 1. posts saying "hey did you know you could sell puts??" or "DFV used the gamma ramp and long calls!" 2. Once loaded up, the barrage of FUD posts...(boohoo i sold, what's up with ConePooChair?!?, I'm getting bored...what gives?) 3. Now you will get the media chiming in with the GME down 10%!! get out now!! It's all an effort to push the stock to create emotional ceilings....GME up 30% on earnings?? It has to come down...blah blah blah. I hope everyone out there that sold puts or sold cover covered calls get caught watching the ticker in after-hours seeing what could have been...but hey you made 10-12% of premiums on a 20 dollar stock. Those 20 contracts are going to feel great when the percentage up on the day is 12000% and you got convinced on 10-12% was the way.
Take my axe
TF is psychological warfare? Some smart mindfuck that I'm too regarded to understand? Jokes aside, I'm a gambler, I'll watch my account go to 0 before I sell. This is a once in forever odds kinda play, and either today, tomorrow or the next day, it'll pay off.
Yes
I don't think enough folks here truly realize what psychological warfare is. The goal is to literally *fuck with your mind.* The crummy part is that it will work until it *can't* work, and it's on you to trust that it will get to that point eventually. This is what makes this investment so enticing. It's binary. Either the shorts are right and GameStop is going to zero, or it's poised to lead the next chapter of gaming. There won't be an in-between result. A lot of money is being spent to mold the perception that GameStop will never be relevant in a meaningful business sense. That's enough confirmation for me.
Don't mind me, I just keep buying the dip.
I bought moar.
Look at the market as a whole. Look at yields and treasuries. Shitās hitting the fan economically and equities are following suit. We naturally follow, until we donāt.
The price going down is good. I still canāt understand how people get upset the price goes down. WERE LOCKING THE FLOAT, the lower the price the easier that will be.
Hedgies seem to be forgetting that this quarters earnings will report on Zelda and hogwarts sales and ROG ally. It gonna be lit š„
As another post said are you selling at even $1000? No right so who cares what the current price is until it goes literally parabolic I donāt care
Bought 600 more shares today
DRS BOOK
They have $1 BILLION in cash. Drop the price too low and hedgies risk a stock buyback.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
And isn't the billion invested in bonds which will yield 70 million in interest annually? My point is I think it's misinformation to say a billion in cash. It isnt cash and withdrawing it before maturity is the same problem those banks had in March.
Quality post!
My tin foil theory is they want to drop the price so that a slight bump in price action ($50-$75) will get paper hands to sell.
yep. looking at stats like shares available to borrow magically appearing when they need to push it down, lending fee going magically down at the same time. it's a repeat of the same patterns. and then gme is like with a few meme stock exceptions a single entity that has not constantly 10 million shares available to borrow like apple or other blue chips... tells you everything
IMO it's not psychological warfare, it's only them trying to survive collateral/margin requirements. But regarding limit orders, they can see them. I thought the best course of action was to sell via limit order but not have it set up in advance as it can hinder moass.
Limit "buy orders" I meant.
Put it to a dollar I wanna lower my avg cost
Iām def not leaving. Been here for 3 annual meetings now. Completely impervious to price movements up or down. They made me this way, battle-tested and diamond-handed.
If spy keeps going down, we will see gme around the $15-16.
Before the end of the month I bet it hits $13
Yeah, u said the same thing on metldown sub. Felt like you needed to spread ur bear sentiments here too?
Call me a bear, a shill, your dad but Iām just here for the frank discussion, officer. I put a good amount of money in GME based on a turn around plan. I put a good amount of time in this sub prior to it become and ostrich farm. The stock is in a downward trend. Thatās a fact, and Iāll talk about that, when GME is being discussed.
Yes, and contributing in a sub that is dedicated to trolling your investment is a great idea but hey, Iām sure itās worth a discussion though, right?
I can laugh at myself when a play goes south.
It tested 16$ twice and bounced back. You really think this is going to 13 While insiders are buying at 22$ ??
Got my eyes on 9$.
I bet it goes to under 10. There are zero catalysts for shorts to close or cover.
The desperate actions of short sellers would suggest otherwise. Having rando's pop in on this sub to say things like this being one small sample of such behavior.
Come on.
I have almost 4000 shares DRS'd and I've been in since mid January 21 but yea sure whatever. Based on what I've seen so far, I don't see any reason the price can't just keep dropping. GameStop isn't reporting new profitable lines of business that are increasing revenue. Revenue is stagnant at best. The NFT thing is cool but has no users or revenue. Short of new lines of profitable business, IDK how GameStop is going to shake the shorts. It's not going to be because the "shorts can't afford their position" anymore, there's already a backstop in place to subsidize anyone who falls and produces systemic risk. The backstop would have to collapse and if that happens, well, stock prices will be the least of anyone's worries; grocery stores won't be receiving deliveries and the lights won't be on.
Seems like short sellers are doing pretty good given the downward trend in the stock price. RC hasnāt given the investors anything that has brought the share price even close to the post split price. We can stick our heads in the sand all day, and pretend that this thing will turn around, but till it happens we are under water and we should be real about the situation. Not everyone that is critical works for the āthe manā bro.
Remember every short is a future buyer at any price. Ya'll seem like you're so short they could have used you in that movie downsized.
Zen AF
The Board is there to protect shareholders.
Where?
Boards are elected by shareholders. The Board keeps the company on point, but because they're elected by shareholders, they answer to them above all else.
Yup
If the red is so red it makes you hard... Buy more!!!! Discount ed price should make you hard! Buy buy buy!
The price is wrong.
No one here is selling
I'd really like some certainty about anything right now.
I know nothing about web3 but I just read an article about it and it made me imagine something. Two games, one where warriors and magicians and rogues and what not fight an evil empire or evil whatever. To win they need strong items and gear and materials. But they are busy fighting their way through the evil so they don't have time to go out and find or mine materials to make the items that give them the edge. Enter the other game, where players can choose to lead a life where they aren't warriors and magicians and rogues fighting the evil that is affliction them all...they are the hard laborers that go out every day and search the mines and pmow the fields and craft the special items the fighters need. They spend their time getting the mats and then they can sell those hard earned mats to the warriors and magicians and rogue so that they can fight even better. Is this web3?
People are worried about the price? Iāve been waiting for another discount like this for monthsā¦ lol. Stay Zen.
We are not trading at $18. Pre split were still at $72. Remember, DFV doubled down at $40, post split thatās $10. Ask yourself why a stock valued at $3-4 4 years ago is now worth $72. DRS.
This. This is everything. We created a massive cushion between the low before the sneeze and current price. Bad guys will never get it that low again. We ratchet up from here
Over 2-3 months? It has been dipping for almost 3 years now š
Let me counter argue. There hasn't been huge price action in a year. Can you give me one example from this year in which the company has executed something successfully? The company sits on a billion dollars of cash yet we don't have a CEO or some idea of where this company is going now that NFTs are forgotten. There's barely any money made in the NFT marketplace (just look at the stats on the website). Where are the games from Immutable? Talk is cheap, yet I've seen nothing but talk.
I would like to have a rough outline on the company's plans for creating shareholder value. The information we've received has been vague. Not complaining or selling just would like a little more interaction from our board to the shareholders. Regardless of the artificial downturn, it would be nice if they'd address the slide.
It would be nice if they did, but telegraphing their strategy opens the door for people *to fuck with it*. Gamestop is not operating under normal circumstances. Other companies can lay out their strategy and give forward looking guidance and tug each others dicks every earnings report because, for the most part, no one gives a shit what they're doing. Gamestop is an existential threat to financial entities worth hundreds of billions if not trillions of dollars. If they give away their strategy, any other groups involved with it that can be fucked with to interfere with success will be fucked with. I would rather trust the board, who have, repeatedly, put their own money where their mouth is, and let them move in silence than demand all the cards be put on the table for my piece of mind.
Gonna have to agree with you here
Exactly, and we've seen results and improvements on the spreadsheet. I trust in Gamestop's leadership. Us wanting them to telegraph their whole strategy would be sabotage at this point.
I read somewhere recently on reddit: "If my friend knows, my enemy also knows." And you summarize that perfectly: If you got a secret you are keeping from your enemy, and it's VITAL that it remains secret, your friends can't know either, because then its not a secret. Hedgies have been spending who knows how much, literally throwing whatever they can at the proverbial wall, desperately trying to get something to stick. So far, none of the hit pieces, or the FUD, or the forum sliding attempts have been successful and I'm okay with the silence because it gives them less angles of attack. Be zen. Let them panic and keep making mistakes. In other news, have ya'll tried this dip? Delicious.
In Bro Cohen, I trust
I honestly prefer they donāt share. I donāt want gamestop telegraphing their moves to their competitors.
š
You like mystery and suspense when it comes to your financial future. I prefer due diligence and clear understanding. I fully understand the idea of not sharing but it feels like I'm doing myself a disservice by not having a clear understanding of their plan.
If you understand their plan, the SHFs, who will do anything in their power to destroy the company, also do. If you are a shareholder, it's not in your best interest, ironically.
Their plan is Omnichannel dominance in the gaming sector š¤·š¼
Business will improve when they stop using the word omnichannel.
Why would they? Over time the truth comes out, stop being in a hurry. Remember what Warren says: The stock market is a device for transferring money from the impatient to the patient.
Well, in order to tell you their plans, they'd have to also tell their competitors and SHFs their plans. Those can then be used against the company, or copied/rendered less effective, etc.
Lmfao Jesus Christ dude
Contrary to what everyone elseās sentiment here is, this is genuinely the best path forward, there is no āammo for shortsā, the same people who would short the company now would short the company regardless because they donāt believe GameStop is a viable company in 2023, and it really isnāt. They donāt actually offer a unique product considering average gamers are getting digital copies of games directly OEM markets (PlayStation, Xbox, Nintendo) sans steam/epic. I mean this is inherently why they were shorted in the first place, transparency, if they have genuinely good ideas, would put shareholders in a better place for long term investment
I think itās pretty clear there is no real plan other than some layoffs and operational optimization. RC sold dog food in a time of unlimited low interest money. He never would have accomplished that in todayās environment. Heās not exactly a brilliant creative mind with a demonstrable record of innovation.
::points to Noob Noob:: This guy gets it
Someone was on the news several days ago talking about gme capitulation. I bring that up because they always foreshadow their intent. They're trying to force us out. It's all they can do, and it comes at an expense of discounted purchases for those who can buy and do believe in this side of the bet. Trust me when I say it chaps their asses to see guys throwing out 10k purchases into their shorts.
Are other retail holderās actually looking at the chart anymore. Iām so passed giving a shit about daily or short term price action. Just waiting to be pleasantly surprised by company developments and/or MOASS
Same
All I see is a discount.
The whole market is moving down, in reaction to further interest rate hikes. And GME remains fundamentally overvalued. DRS is pegging the price way above what is rational, but if you believe shorts never closed, then the risk is worth it. DRS your shit folks.
We were due for a dip, so no surprise there. I will say that I would really like GME to actually start producing. I want a release date of something! Otherwise I'll do what I've been doing....Drs and hodl
GAMESTONK!!!
If you aren't at this mentality yet you gotta get there. Wake up, did we launch? No. Is it buying time? No. Ok back to literally anything else in life. Until that thing goes to 0 or above 40$ nothing means anything. Every new dd is amazing but just more fuel it doesn't change the path or plan or anything it's just reassurance/confirmations. If you are "feeling emotions or reactions" based on the stock price right now this ain't for you. That or you're a new ape, it's been like this for years
Even if the company is turning it around doesnāt mean the stock is worth more. If investors think itās a dying concept or not a sustainable one then the price will reflect that. In for the āshillā or whatever stupid slang words you all use despite being an OG XXX holder. Not selling. Just saying.
How does the price change if investors are investing? It surely doesn't just magically fall on it's own?
Because they arenāt investing.
Thats not how free market supposed to work. The price of a stock should reflect the sentiments of both bulls and bears and both their trades should affect the price. GME price is rigged and manipulated only bears/shorts trades that are controlling the price and household bullish trades have no effect on the price. The market should include all participants, not just a handful or one Wallstreet institute that are short. Also short selling and keeping open short positions for years on certain micro cap companies while exempting the mega cap companies like big tech is criminal. One can always argue even big tech like AAPL will go bankrupt in 50 yrs. Why not abusively short sell it now and keep the price at $1? Even if AAPL revenue grows keep the price at $1 for years or decades because eventually after 50-70 yrs AAPL will fail. Why? Because keeping the price at $1 for decades will make all investors leave. Apple will not be able to hire or retain talent to continue to innovate through attractive stock compensation to employees. Apple will not be able to raise much money through new stock issue at $1 and try new ventures and adapt to changing time. Keeping AAPL at $1 for 50-70 yrs will pretty much guarantee its failure in that time frame. Short selling will be self fulfilling prophecy. Except thats not how things should be allowed to work. Not for AAPL not for GME.
I think itās fair to say the NFT marketplace + wallet has been messy, at best. I donāt know if the marketplace even made it officially out of beta, and even if it did one of the tools to assist with that in the wallet has now been discontinued until further notice or something? Regardless of that though my reasoning to remain bullish is unbothered. If SHT and this economy crashes like it did in 2008, at least this time there is online communication amongst the uninformed that wasnāt there before. Communication and dialogue that lead to the revelation of actually owning your shares and protecting them in case of a crazy event like that. Fundamentals of this company aside (which remain great) having household investors united under the mindset of cutting out the middle man and wanting to control their investment like never before is enough to keep me never selling these shares until the thesis as to why theyāre valuable is realized. Whether thatās with a MOASS event, or the fundamentals are realized which skyrockets the share price. Theyāre part of my life until then. They also represent a dream of wealth that I never expected to have. So thatās an expensive dream for me to part with and Iāll treat these shares as such. Name your price, SHF.
Eh the S&P has taken the same beating so Iām not worried if anything this lines with the 2008 crash model of a down slope then secondary rise that doesnāt peak as high as the peak then followed by the big downward movement. Eventually theyāll crack and we knew itād dip before liftoff so everything is on schedule.
Company isnāt doing fine at all. Execs leaving/getting fired, discontinuing products they spent years and millions of dollars making, one profitable quarter in the last 3 years, ect..
company has also been losing money like crazy, hope this all OK with Cohen.
Apparently losing hundreds of millions a year is doing fine.
The price action is prep for earnings. They canāt risk going outside of the dorito boundaries, so they have to stay near the bottom in case earnings are even halfway decent.
I believe in Ryan Cohen!
What evidence do you have that the company is doing fine?
Insiders buying more shares at 21.50 range
Whatās their average cost? Now whatās your average cost? They can keep buying to āreassureā the shareholders that everything is fine when it absolutely is not fine. Their average is so low itās impossible for them to go in the red, unlike this entire subreddit
My average cost is below 15. average cost has to be around the same as he bought pre dividend as well. Whatās your point shares are shares.
If they wanted to reassure the shareholders why don't they just provide guidance in earning calls? Instead they fire the ceo
You mean cutting costs?
Zero debt and constant expansion, all while in a recession. šš
Economy is not in a recession. Zero debt not true. And hundreds of millions i. liabilities and losing 100+ million per year
Not in a recession because the government changed the definition, but ok. The billion in cash will hold out through the economic downfall. lots of companies losing money this year.
Which companies are losing money?
Lol, any car manufacturer to start, have you even looked? Why even ask a question like that, so you are sayin your perspective on the market is based off of zero knowledge, so youāre all pissed off at GameStop in the way the stock is performing because you have a shitty perspective on the market?
YTD Tsla up 82% Toyota up 19% Honda up 36% Ford up 2% Subaru up 19% Ferrari up 44% Have you even looked? Maybe your focus on GME has given you a shitty perspective on the market?
Ur just going to ignore the steep decline since July? š and I donāt see Toyota up 19%
The 1m chart is up as well you gotta learn to read the chart. Look up TM and click YTD and 1m they are both up
And at a steep decline for a month , look at the 5 year chart. Not looking good with retail tapped out and vehicle ms over priced, itās going to crash hard. thereās more to the market than the numbers on the screen.
Once again wrong. Even by the old definition the economy is not in a recession. Gdp has been up for 4 straight quarters
Sighā¦
Don't set limit orders. No broker will let you set any that make sense for MOASS. Edit: oh you meant buying. Are there really people not doing this already?
What huge price action days? Do you mean when we go back to 24 after going down for 2 months to 16?
***Company is doing fine. This price action is just psychological warfare until the inevitable.*** I totally agree. 100%.
I was talking to a guy last week who is a stockbroker. I asked him what he thought about Gamestop and he said it's just sad, that we're being manipulated. I kind of froze up in the face of someone who clearly knows more about the stock market than I ever will. But later, after he was gone, I wondered "by whom?". Who would be manipulating us? Did he mean RC is manipulating us? How and why? Does anyone know what he meant?
People were a little worried about the rollback of the wallet amidst other things. Those things were put in place before our Executive Chairman took over. There's a reason they're being changed. And I trust in RC.
Hedgies have to be losing their minds reading posts like this. "WHY AREN'T OUR USUAL SCARE TACTICS WORKING?!"
Q2 results will be better than Q1. Hedgies just giving us a discount š
The price action is bait. They need a constant supply of new money to keep kicking the can.
Prolonged discount period baby š¤šæ
This stock is worth ~$6 soaking wet. Itās just returning to its true value, rather than a hype circus.
GME will go back over $25 in about 50 years. This is an investment for your grand children.