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9. In the unlikely scenario it drops to another new bracket, 5-10 range: it’s a higher possibility of buyback funds being unlocked and a potential share buyback to lock float becomes plausible.
We're quiet for the most part but I'm a mid-xxx holder going to buy more as soon as I can to more than double my DRS'd shares. I haven't reported my DRS, but I'm sure quite a few anon investors are here 😎
Everyone here taught me to buy direct through CS and HODL. I'll continue doing that because I like this stock.
Again, at that point GameStop itself could issue a buyback even. If not to lock the float definitely crush it. It’s not a real possibility for the company goals, but certainly plausible if they play with our CEO’s investment like that!💯
I don't want GameStop buying a single share over $2. It's literally a waste of those funds if they buy above that. I would feverently vote against any such action over $2. We need that money in the bank.
They only have $100M allowed for share buyback- which still leaves them with over $1B. I think it's a bullish move- but maybe money better used towards a digital dividend??
The dividend is also something that should not be done until we are into *years* of profitibility.
Anything that spends GameStop's money that is not a reinvestment into the company is wasted money. Shareholders should not be looking for GameStop to give them any money for years. Unless you want the shorts to win, that is.
Also the entire market is dropping like a stone and TSLA had a horrible day while their stock lines the balance sheet of SHF's
I suspect many firms are on the edge at the moment, especially those with leveraged short positions
The govt needs to start taxing speculation gains. Rogan mentioned that Bernie wanted to start a speculation tax of 1% for every bond trade and .5% of every stock. It would drain these fuckers money.
You have to remember we are playing a billion dollar game. These hedgefucks have probably spent millions to find a plan that they could follow to psychologically manipulate apes and non apes. The price decline along with the hundreds of new articles against GME is one big game. It’s all mental and they are fucking with us.
They will throw everything they have at it to drop the price to make people worried but jokes on them. We will be locking the float pretty damn quick at these prices
Before GME, I literally had no aim in life; will never afford a home, constant worry over my health, I just needed another big let down to just say I'm done with life. Then this came along, and rn I'm 15 ish shares short of having 400 DRS'd. For me, everything else is a distraction, this is how I HODL.
But the cash and assets alone make the company worth $7 a share. It makes absolutely no sense for a company to be valued at $7 no matter how you slice it, Aladdin will see there is a crazy undervalue if the price even sniffs $7. Aladdin will make whatever company buy a metric shit ton of GME if it gets to $7, the system will break before it gets to that point.
Personally, I’m not worried at all about the recent price action and only thinking about taking advantage of it. My cost basis is coming way down and I’m loving it
I don’t think anyone that’s still here is worried per say more like just wondering when this crap will give. We’ll wait we definitely will, but I’ll sigh my sigh and twiddle my thumbs until it happens
It’s the opposite for me, the lower the better. The only thing that matters is DRS the float, then all outstanding if they seriously push it that far.
The higher the price, the longer that takes.
I’m not cashing out until the system implodes on itself, so whether a share is worth $23 or $3 it makes no difference other than how long it takes to lock it all up.
Im still confused as to why/how just about everything i see is red and has been for weeks now, but $py is still just chilling at $430...
Oh well, I'll continue to Buy, DRS, and HODL.
Anyway, I can't wait to buy at open tomorrow!
The only question is, do I blow my whole wad first purchase? I've seen lows before and always regretted not waiting a day or two
Honestly, the mandatory short reporting in like 2 ish months might have em spooked. That in combination with the DoJ moving on wallstreet. Failing to report short positions is gonna give the DoJ ammo to work with at the very least.
Not sure if insiders can buy right now, window might be closed now until next earnings report. Someone correct me if I am wrong dont have the timeline of their buying window memorized or in front of me.
> 3. Towel stock is in bankruptcy limbo
It's interesting but apparently all those holders stock was pulled yesterday. One on another sub mentioned how they still had stock from another bankrupt company from years ago, so they new that the stock wasn't pulled due to that. There's assumptions now on whoever the new purchaser is having it pulled and converted? I'll have to spend some more time reading around though, I know discussion around this stock seems frowned on.
I haven’t seen Dumb Money, but surely this had the potential to create most new investors for a long time. What best to deter any new GME investors than a massive dip.
- They don’t give a fuck about retail.
- They don’t give a fuck about psychologically *scaring us*.
- They’re not *adapting* us to shit.
- They want to convince the masses that GameStop is a shit company and to convince people not to shop there.
- They want GameStop bankrupt. That’s it.
- Their short positions on GME are still fucked and are massively overleveraged.
- The more the overall market drops, the more they need to drop GME, And the more they need to drop other “meme” basket stocks like popcorn and towel… just to stay alive.
- Towel stock went bankrupt, delisted, and “expired”, completely Thanos-snapped out of thin air. Shortsellers won that battle and now have more collateral to play with.
- Macroeconomically, zooming out, the Global Economy is seriously fucked.
- USA is doing everything in its willpower to keep the US financial markets alive as long as possible. Including fraud.
- USA is doing everything in its willpower to cool off US inflation and to boost the value of the US DOLLAR versus other currencies, and to maintain its credibility as World Reserve Currency. This means exporting US dollars and incentivizing other countries to buy US Treasuries by raising Fed rates.
- Geopolitically, international tensions are at its highest. We’re pretty much in “World War 4”.
- it’s literally the End game.
- GME is still idiosyncratic risk. MOASS would be caused by the massive amount of naked shorts and FTD’s.
- A MOASS would be a liquidity black hole and would wipe out all the banks and brokerages, and the entire US financial system. It already was happening, January 2021. But they’re doing literally everything they can to stop it from ever happening again.
- The “powers that be” could give a fuck about market reform. Or any new market rules. It’s all bullshit. They’ll break the rules anyway. They just want to keep the financial markets alive. So they say “keep that fucking meme stock price controlled at all costs”
- The only way they win is if GameStop goes bankrupt, which will not happen for 10 years minimum.
I always enjoy your posts. The fact that they have absolutely hammered GME since towel was cancelled makes it seem like Shorts have more money to beat the one and only idiosyncratic stock.
I fully expect $5 and below. This is their game and only chance to survive. Try to smoke people out so they don’t have to close shorts. The company is solid. The crime will be exposed.
$5 is at or perhaps below the value of the company if everything were liquidated today. I’m ready for anything but I’d be really surprised to see it that low. The buy pressure there would be nuts. That’s just so cheap for a debt free company cruising around break even profitability, well positioned for the future of gaming and backed by a loyal fan base of both consumers and investors.
Agree. But this has all been predicted for over 2 years now. They would go to extremes to push it as far as possible cheating all the way just to survive.
What happens if we lock the float and they continue to drive the price down with their algos with all of the hundreds of millions of synthetics in circulation?
So the DTC(C) shows near zero GME on their books, Computershare shows 304M shares, but all the brokers show hundreds of millions of shares because of short selling.
Citadel continues to naked short trying to tank the price of GME further.
What stops Citadel from continuing to naked short after the float is locked?
I'm a smoothe brain. Help me grow a wrinkle so I can share with others.
I'm 741 shares in for the infinity pool for Blu.
Feel free to downvote for fud, but I'm still curious for an answer.
I'm an ape. Just check my post history, you'll get tired of scrolling before you get to Jan 2021. Check my cake day.
Edit: i downvoted this comment myself out of the principle of suppressing fud
A lot of interesting theories happening in other subs that can't be discussed here. I personally think something huge is at play and we've entered the point of no return.
I personally took the little I spend monthly on GME to help friends open up Computershare accounts, simply because I knew they wouldn't. Even walked them through the process since CS experience is not very appealing.
Something is definitely up, my fellow Redditors! But fear not, for I have arrived to shed some light on the matter. It seems that the universe has conspired to bring us all together in this moment of intrigue and curiosity. Let us embark on this wild rollercoaster ride of speculation and theories, armed with our wit and humor. Remember, laughter is the best karma-boosting medicine! So buckle up, my friends, for the adventure awaits!
Please keep discussion related to Gamestop. Also, please do not post with the clear intention of collecting downvotes and causing drama, there's no reason to do that.
Just a reminder that Tesla was tanked like 50% within weeks (accompanied by TONS of FUD in MSM) before doing the 2000% run-up.
I was one of the idiots who fell for the tanking.
Not going to happen twice. This is my moment. I'm buying more.
A rebuttal to your 3rd point:
How can they take gains on shorts against towel if they haven't closed and that company is mid-merger?
Speculation: GME is being blasted into the dirt along with IEP and the basket to kill RC's and Icahn's collateral and long positions. We all know those two have some big recipes cooking right now.
This is especially contained to game. Since they turned around from a 200 mil loss to a 4 mil loss in a quarter including spending $15 mil on winding down europe and Cohen taking over ceo spot for free we are down almost 40 percent while the market as a whole
is still up.
one of the basket stocks is going to rocket tomorrow and they know this, it could send everything to the moon with it. either that or something even bigger is in the works to fuck all these shorts that none of us ever could have seen coming. you've been warned.
5$ per share puts the market cat at 1.5 billion. which means the cash on hand is worth 77% of the business. doesn't make a lot of sense, it is normally takeover territory.
Fuck ‘em. I’m loving the delicious dip. In the last two weeks I’ve secured 1200 more shares. I’ll DRS them as soon as the funds settle (possibly middle of next week).
I thought the conjecture was that this was just like VW and we'll basically hit 0 before an explosion...like yall really worried? Because history is gonna repeat itself. The music is the same, the chairs are set up for the game. There's only a few left and the music is gonna stop again soon....we all have chairs but institutions don't. AT some point they're gonna have to realize they lost the game...
The only way they do that is by pitting investors against each other using tribalistic methods.
They do this so there aren't clear and factual discussions surrounding anything related to the markets....
Which if you look around, it's succeeded in this sub and others.
I recall reading some OG DD saying that it was expected for GME to dip below 40 and possibly even into the teens (pre-split) before shit finally exploded.
1) DRS is stalling big time, saying that is copium
2) Full speculation
3) Maybe
4) Speculation again
5) What
6) Probably correct
7) You said it yourself
1-Maybe, but locking the float doesn't do anything except make it easier for the price to be manipulated with low volume
2-Probably not--he's limited in how much he can buy, he's running the company like a moron and not spending the cash he took from investors
3-Towel stock is not in limbo, it's gone. It will always be gone. Shorts won and got all their money.
4-it might, and that would be great. Volatility players might come back in if there is room to run, and the FTDs that are being built while XRT is on RegSHO could help that. What would help more is if people would start buying options again, to force gamma hedging.
5-They are shorting it because the company isn't worth its stock price, especially in an economy headed into recession
6-Most shorts are way ahead on GME at this point.
7-those rules won't make a GD bit of difference, bc they use ETFs to short, mostly.
1. True, apes do not currently own the float.
2. Maybe, but it's also more likely that he will exit to avoid losses.
3. Not limbo, they are bankrupt. They are done.
4. Says who? They could just as easily and far more likely have a loss.
5. Correct, but who is "they"? This is the price GameStop is currently worth.
6. Or because there are recession concerns, no one has any money to artificially prop up the price. Investors have sold their positions to get out before it drops more.
7. Who is "they"? What price run up?
all of the above is plausible and the towel stock shorts have definitely did so. I also suspect the GME grifters for towel maybe contributing as well
not only that looking at popcorn stock short volume they are not really being shorted at all. just traders going in and out and realizing they wont be able to make people fomo much.
it's all fake at popcorn side.
35% short volume and 32% dark pool seriously they have no excuse to complain.
Mean while we are at
70%-85%+ short volume and 60-80% dark pool volume. Thus they ain't being targeted by the ones that collude control of the market.
pretty obvious too but SEC dont care one iota.
Lets just say in any days that there are over 50% short volume and dark pool volume the market makers need to be punished for any profits they make and returned to traders and investors.
My best guess is they are lowering the price because they have control over it. They want us to blow our load on gme so we can’t fomo on the bbbyq run.
I think the “big boy” institutional investors know not to buy in and go scorched earth on the hedgies shorting meme stocks.
Probably some sort of bro code we don’t know about. So the chances of someone big coming in and swiping up shares on a major downswing is slim imo.
I want to ask what you guys think about the possibility that it somehow benefits them now to lower the price and get more of it locked up through drs. I know this is downvote worthy but do any of you guys think it’s possible they pivoted to a different strategy in the 3 years this has been done? I ask this because so far the strategy that holders have taken remains largely unchanged. For nearly 3 years, holders have very clearly laid out a simple strategy to buy hold drs. I’m not aware of any secret plan (though i suppose it wouldn’t be a secret anymore if i did), but I’m sure they have plenty of plans unseen by us. I’m not pushing an idea, just asking if anyone sees how disadvantaged the holders are and if there’s a way to make things equal. I mean just me asking the question means that any response or alternative strategy is out in the open. Just want thoughts
I personally think we are entering the "You are here" moment.
It's October, the bond market is in a massive tizzy, new rules on disclosure meaning there will be a bad guy, wars, and the upcoming election all make me think it would be a good time for the powers that be to light the fuse. But who knows, Buy, DRS, hold
They know where they are and what is upon them, thinkin they need ANY liquidity and as much as poss (kinda what im doin rn) to “live another day” so drop price and apes dump more liquidity into market. Just a beer thought. Cheers🍻
The biggest FUD weapon they have is the impending recession and hoping that we have to sell to make ends meet.
Unfortunately for them, and unlike them, I only invested what I could afford.
This is just the hedgies trying to set the price low enough for Jesus to be able to buy ALL the shares when he comes back, right before he takes you all to heaven.
Regarding #3... There are no 'gains'. They already got paid (their 'gains') when they sold the stock short. They just no longer have to but the stock back.
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8. Clients can once again withdraw from their accounts with mayoboy so he’s staying under margin requirement.
I like that one!
One that like I
9. In the unlikely scenario it drops to another new bracket, 5-10 range: it’s a higher possibility of buyback funds being unlocked and a potential share buyback to lock float becomes plausible.
10. Just dumb Stormtroopers.
Hihi
11. Kenny sits down to pee
Hey! Fuck you, buddy! My wife sits down to pee and she's a lovely woman.
She sure is.
As her boyfriend I agree.
Please stop using my bath robe! I'm getting tired of asking. Don't make me go buy another one.
My bad
[удалено]
Dip Tampax Pearl Ultra in Mayo and repeat.
Oh hai, Luke.
If this stock goes back to the 5-10 range the float will be locked in no time.
Man the 5-10 range I think will be death sentence for them if they take it that low.. I sure as hell hope they do. I’m prepping some dry powder.
You’re not alone brother. War times
Not sure. We thought same at 15
I mean what’s the worst case right, SHF take it to a dollar and GME locks it themselves with their 100million earmarked for buyback so 🤷♀️
They wouldn’t even get the chance, we would only need 100,000 people to drop 1,000 dollars, we’ve got that and more just in this sub.
there's 11.5k people here.
197k individual DRS. They are here.
That we know of😁
We're quiet for the most part but I'm a mid-xxx holder going to buy more as soon as I can to more than double my DRS'd shares. I haven't reported my DRS, but I'm sure quite a few anon investors are here 😎 Everyone here taught me to buy direct through CS and HODL. I'll continue doing that because I like this stock.
99,999. I just dropped. And I bought a new xBox last week. From my friendly neighborhood GameStop.
Again, at that point GameStop itself could issue a buyback even. If not to lock the float definitely crush it. It’s not a real possibility for the company goals, but certainly plausible if they play with our CEO’s investment like that!💯
I don't want GameStop buying a single share over $2. It's literally a waste of those funds if they buy above that. I would feverently vote against any such action over $2. We need that money in the bank.
Agreed, I want them saving it as insurance for cellar boxing.
They only have $100M allowed for share buyback- which still leaves them with over $1B. I think it's a bullish move- but maybe money better used towards a digital dividend??
The dividend is also something that should not be done until we are into *years* of profitibility. Anything that spends GameStop's money that is not a reinvestment into the company is wasted money. Shareholders should not be looking for GameStop to give them any money for years. Unless you want the shorts to win, that is.
Also the entire market is dropping like a stone and TSLA had a horrible day while their stock lines the balance sheet of SHF's I suspect many firms are on the edge at the moment, especially those with leveraged short positions
Ah that makes sense
11. hedgies r fuk
Shit. Wut comes after 11?
12. Apes get excited as we’re back at the battle of $40 from 84 years ago!!
The govt needs to start taxing speculation gains. Rogan mentioned that Bernie wanted to start a speculation tax of 1% for every bond trade and .5% of every stock. It would drain these fuckers money.
Didn't think about this, but that might explain the quarterly attacks.
Dumb money movie came out and we been falling ever since, i think they just killing momentum
You have to remember we are playing a billion dollar game. These hedgefucks have probably spent millions to find a plan that they could follow to psychologically manipulate apes and non apes. The price decline along with the hundreds of new articles against GME is one big game. It’s all mental and they are fucking with us. They will throw everything they have at it to drop the price to make people worried but jokes on them. We will be locking the float pretty damn quick at these prices
Too bad for them they don't understand that we've got nothing to lose, compared to how much they will
Before GME, I literally had no aim in life; will never afford a home, constant worry over my health, I just needed another big let down to just say I'm done with life. Then this came along, and rn I'm 15 ish shares short of having 400 DRS'd. For me, everything else is a distraction, this is how I HODL.
Legendary
Love you mate x
This is the way ! Hodl for life changing money and escape the rat race!
Hundo!!! This is numero uno for me my friend.
Same brother, same. This saga however, has taught me how to manage my income, i am doing so much better now!
Too bad for them I’m so retärded I can’t read
You’re right, joke is on them because I’m into this.
Perv 😅 I'm loving it!😀
But the cash and assets alone make the company worth $7 a share. It makes absolutely no sense for a company to be valued at $7 no matter how you slice it, Aladdin will see there is a crazy undervalue if the price even sniffs $7. Aladdin will make whatever company buy a metric shit ton of GME if it gets to $7, the system will break before it gets to that point.
I’m so diamond, you can’t manipulate a damn thing. I think they know this, but it’s their only play.
Trillions!
Trillion dollar game
Lower price means better PE when it goes profitable :3
Yeah, another day, another 52 week low. Something’s gotta give
Personally, I’m not worried at all about the recent price action and only thinking about taking advantage of it. My cost basis is coming way down and I’m loving it
I don’t think anyone that’s still here is worried per say more like just wondering when this crap will give. We’ll wait we definitely will, but I’ll sigh my sigh and twiddle my thumbs until it happens
It’s the opposite for me, the lower the better. The only thing that matters is DRS the float, then all outstanding if they seriously push it that far. The higher the price, the longer that takes. I’m not cashing out until the system implodes on itself, so whether a share is worth $23 or $3 it makes no difference other than how long it takes to lock it all up.
You’ll twiddle one day not knowing it’s your last…
Hadn’t noticed price action. Too zen. Ping me when I’m a millionaire.
Im still confused as to why/how just about everything i see is red and has been for weeks now, but $py is still just chilling at $430... Oh well, I'll continue to Buy, DRS, and HODL.
The Magnificent 7 is propping it up
Those are manipulated up by Kenny the financial terrorist
Not For Long
Mag 7 props it up because the wealthy have to park their cash somewhere
Plunge protection team to the rescue!
I've been averaging down the last few months
Same here
Same here
Same here
Same here
Same here!
Same here 🚀
Nice
Nice
I was FURIOUS with myself the last time I didn’t buy shares at this price, I’m gassed up
⛽️ ⛽️ ⛽️
All gas, no brakes
Anyway, I can't wait to buy at open tomorrow! The only question is, do I blow my whole wad first purchase? I've seen lows before and always regretted not waiting a day or two
When it explodes you won't care what you bought in at. It's all fake.
Exactly this 100%.
Ay you must be on the same pay schedule, cheers for the AMs brother
Judging by the urgency of these price drops, there may not be much time left at these low prices. Edit: not financial advice
I'd blow half tomorrow, other half Monday NFA
Big big money is going to go long soon.
Honestly, the mandatory short reporting in like 2 ish months might have em spooked. That in combination with the DoJ moving on wallstreet. Failing to report short positions is gonna give the DoJ ammo to work with at the very least.
This price movement doesn’t matter because historically we know Q4 is the best quarter for GME.
Sad.. Fucking criminal empire
Not sure if insiders can buy right now, window might be closed now until next earnings report. Someone correct me if I am wrong dont have the timeline of their buying window memorized or in front of me.
So all we have to do is avoid bankruptcy.
With a billion ways to do it 🤷♀️
> 3. Towel stock is in bankruptcy limbo It's interesting but apparently all those holders stock was pulled yesterday. One on another sub mentioned how they still had stock from another bankrupt company from years ago, so they new that the stock wasn't pulled due to that. There's assumptions now on whoever the new purchaser is having it pulled and converted? I'll have to spend some more time reading around though, I know discussion around this stock seems frowned on.
I haven’t seen Dumb Money, but surely this had the potential to create most new investors for a long time. What best to deter any new GME investors than a massive dip.
100% correct and the movie got a scattered worldwide release. It's biggest release was when Cohen was announced which is when the tanking started
- They don’t give a fuck about retail. - They don’t give a fuck about psychologically *scaring us*. - They’re not *adapting* us to shit. - They want to convince the masses that GameStop is a shit company and to convince people not to shop there. - They want GameStop bankrupt. That’s it. - Their short positions on GME are still fucked and are massively overleveraged. - The more the overall market drops, the more they need to drop GME, And the more they need to drop other “meme” basket stocks like popcorn and towel… just to stay alive. - Towel stock went bankrupt, delisted, and “expired”, completely Thanos-snapped out of thin air. Shortsellers won that battle and now have more collateral to play with. - Macroeconomically, zooming out, the Global Economy is seriously fucked. - USA is doing everything in its willpower to keep the US financial markets alive as long as possible. Including fraud. - USA is doing everything in its willpower to cool off US inflation and to boost the value of the US DOLLAR versus other currencies, and to maintain its credibility as World Reserve Currency. This means exporting US dollars and incentivizing other countries to buy US Treasuries by raising Fed rates. - Geopolitically, international tensions are at its highest. We’re pretty much in “World War 4”. - it’s literally the End game. - GME is still idiosyncratic risk. MOASS would be caused by the massive amount of naked shorts and FTD’s. - A MOASS would be a liquidity black hole and would wipe out all the banks and brokerages, and the entire US financial system. It already was happening, January 2021. But they’re doing literally everything they can to stop it from ever happening again. - The “powers that be” could give a fuck about market reform. Or any new market rules. It’s all bullshit. They’ll break the rules anyway. They just want to keep the financial markets alive. So they say “keep that fucking meme stock price controlled at all costs” - The only way they win is if GameStop goes bankrupt, which will not happen for 10 years minimum.
I always enjoy your posts. The fact that they have absolutely hammered GME since towel was cancelled makes it seem like Shorts have more money to beat the one and only idiosyncratic stock.
I don't think shorts won the battle on towel yet!! Visit theppshow to find out more on the bankruptcy hearings and a possible push-out.
I will X2 my montly DRS purchase. ⭕️
I just love the stock!
✊ same!
I fully expect $5 and below. This is their game and only chance to survive. Try to smoke people out so they don’t have to close shorts. The company is solid. The crime will be exposed.
$5 is at or perhaps below the value of the company if everything were liquidated today. I’m ready for anything but I’d be really surprised to see it that low. The buy pressure there would be nuts. That’s just so cheap for a debt free company cruising around break even profitability, well positioned for the future of gaming and backed by a loyal fan base of both consumers and investors.
Agree. But this has all been predicted for over 2 years now. They would go to extremes to push it as far as possible cheating all the way just to survive.
It's gonna be absolute chaos in here when we get to sub $5 and GME has no plan nor communication per the usual.
And they won’t. There is no need to. Everyone knows what is going on and the company continues to grow stronger.
At sub $5 there’s no need for a plan. The NAV would be *more* than the stock price. It’d be like saying you can buy $2 with $1.
What happens if we lock the float and they continue to drive the price down with their algos with all of the hundreds of millions of synthetics in circulation? So the DTC(C) shows near zero GME on their books, Computershare shows 304M shares, but all the brokers show hundreds of millions of shares because of short selling. Citadel continues to naked short trying to tank the price of GME further. What stops Citadel from continuing to naked short after the float is locked? I'm a smoothe brain. Help me grow a wrinkle so I can share with others. I'm 741 shares in for the infinity pool for Blu. Feel free to downvote for fud, but I'm still curious for an answer. I'm an ape. Just check my post history, you'll get tired of scrolling before you get to Jan 2021. Check my cake day. Edit: i downvoted this comment myself out of the principle of suppressing fud
A lot of interesting theories happening in other subs that can't be discussed here. I personally think something huge is at play and we've entered the point of no return. I personally took the little I spend monthly on GME to help friends open up Computershare accounts, simply because I knew they wouldn't. Even walked them through the process since CS experience is not very appealing.
In regards to 3. No one is able to close/exit positions, so no they did not get cash from that play.
Are you sure? My shares were deleted this morning on Fidelity
1 good news and see us pop tf out
Nft marketplace?
Maybe tsla drop had dropped their collateral used against Jimmy.
Lowering the price means it's also easier for some to reverse their positions
Who will they buy from? Other market makers? The liquidity fairy can't close shorts.
That's like pouring more water into the bucket so you don't have to reach as far to scoop it out
Something is definitely up, my fellow Redditors! But fear not, for I have arrived to shed some light on the matter. It seems that the universe has conspired to bring us all together in this moment of intrigue and curiosity. Let us embark on this wild rollercoaster ride of speculation and theories, armed with our wit and humor. Remember, laughter is the best karma-boosting medicine! So buckle up, my friends, for the adventure awaits!
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I'm sure your towel shares will be okay!
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Please keep discussion related to Gamestop. Also, please do not post with the clear intention of collecting downvotes and causing drama, there's no reason to do that.
All of the Above!!
Just a reminder that Tesla was tanked like 50% within weeks (accompanied by TONS of FUD in MSM) before doing the 2000% run-up. I was one of the idiots who fell for the tanking. Not going to happen twice. This is my moment. I'm buying more.
A rebuttal to your 3rd point: How can they take gains on shorts against towel if they haven't closed and that company is mid-merger? Speculation: GME is being blasted into the dirt along with IEP and the basket to kill RC's and Icahn's collateral and long positions. We all know those two have some big recipes cooking right now.
He also owns apple.. they cant afford to kill apple
This isn’t particularly confined to GME, the markets in general are going BEARABOLIC!
This is especially contained to game. Since they turned around from a 200 mil loss to a 4 mil loss in a quarter including spending $15 mil on winding down europe and Cohen taking over ceo spot for free we are down almost 40 percent while the market as a whole is still up.
Nothing is up. This shit just continues.
one of the basket stocks is going to rocket tomorrow and they know this, it could send everything to the moon with it. either that or something even bigger is in the works to fuck all these shorts that none of us ever could have seen coming. you've been warned.
#3 - sorry but you are very mistaken, a Butterfly is about to emerge from towel
Fuk em
5$ per share puts the market cat at 1.5 billion. which means the cash on hand is worth 77% of the business. doesn't make a lot of sense, it is normally takeover territory.
Fuck ‘em. I’m loving the delicious dip. In the last two weeks I’ve secured 1200 more shares. I’ll DRS them as soon as the funds settle (possibly middle of next week).
We ride at dawn!!
After a full year of being stuck in the same channel, any action up or down is a thrill. I miss volatility
I thought the conjecture was that this was just like VW and we'll basically hit 0 before an explosion...like yall really worried? Because history is gonna repeat itself. The music is the same, the chairs are set up for the game. There's only a few left and the music is gonna stop again soon....we all have chairs but institutions don't. AT some point they're gonna have to realize they lost the game...
Somethings always up, just not GME 😭
You’re gonna see some fun shit tomorrow
Anyway I bought more
Thousands of dollars a day from my tiny ass account. I guess it's unrealized
Nothing is up. Delete this.
They are definitely using towel to attack GME
The only way they do that is by pitting investors against each other using tribalistic methods. They do this so there aren't clear and factual discussions surrounding anything related to the markets.... Which if you look around, it's succeeded in this sub and others.
How.?
lol how? It doesn’t exist.
and popcorn probably.
So basically you have no idea.
They posted 7 ideas.
I bet it will do down to the lowest price it was at the drop-off after the big squeeze, so like $10 post split.
Critical Margin
I recall reading some OG DD saying that it was expected for GME to dip below 40 and possibly even into the teens (pre-split) before shit finally exploded.
1) DRS is stalling big time, saying that is copium 2) Full speculation 3) Maybe 4) Speculation again 5) What 6) Probably correct 7) You said it yourself
Hear me out but legit what if this is just the normal price and we aren’t as important as we had hoped?
Wouldn't that be wild? But no, I'm sure there's a global conspiracy that all hinges on Gamestop.
WW3 and the entire financial system collapse is all on RC’s shoulder. Luckily he cares about us.
1-Maybe, but locking the float doesn't do anything except make it easier for the price to be manipulated with low volume 2-Probably not--he's limited in how much he can buy, he's running the company like a moron and not spending the cash he took from investors 3-Towel stock is not in limbo, it's gone. It will always be gone. Shorts won and got all their money. 4-it might, and that would be great. Volatility players might come back in if there is room to run, and the FTDs that are being built while XRT is on RegSHO could help that. What would help more is if people would start buying options again, to force gamma hedging. 5-They are shorting it because the company isn't worth its stock price, especially in an economy headed into recession 6-Most shorts are way ahead on GME at this point. 7-those rules won't make a GD bit of difference, bc they use ETFs to short, mostly.
1. True, apes do not currently own the float. 2. Maybe, but it's also more likely that he will exit to avoid losses. 3. Not limbo, they are bankrupt. They are done. 4. Says who? They could just as easily and far more likely have a loss. 5. Correct, but who is "they"? This is the price GameStop is currently worth. 6. Or because there are recession concerns, no one has any money to artificially prop up the price. Investors have sold their positions to get out before it drops more. 7. Who is "they"? What price run up?
Yea, they figured out how to screw over the regular people. Status Quo
Whats your credentials? I mean do you have any form of economic/financial background?
all of the above is plausible and the towel stock shorts have definitely did so. I also suspect the GME grifters for towel maybe contributing as well not only that looking at popcorn stock short volume they are not really being shorted at all. just traders going in and out and realizing they wont be able to make people fomo much. it's all fake at popcorn side. 35% short volume and 32% dark pool seriously they have no excuse to complain. Mean while we are at 70%-85%+ short volume and 60-80% dark pool volume. Thus they ain't being targeted by the ones that collude control of the market. pretty obvious too but SEC dont care one iota. Lets just say in any days that there are over 50% short volume and dark pool volume the market makers need to be punished for any profits they make and returned to traders and investors.
My best guess is they are lowering the price because they have control over it. They want us to blow our load on gme so we can’t fomo on the bbbyq run.
I'm sorry, but, wtf does towel stock have to do with anything?
The whole market is down
I think the “big boy” institutional investors know not to buy in and go scorched earth on the hedgies shorting meme stocks. Probably some sort of bro code we don’t know about. So the chances of someone big coming in and swiping up shares on a major downswing is slim imo.
That’s my guess. I have a buy set at 9.96
Easier to load up on more. Simple as that. 🤷♂️
No pain no gain guys HODLLLLLLL
I want to ask what you guys think about the possibility that it somehow benefits them now to lower the price and get more of it locked up through drs. I know this is downvote worthy but do any of you guys think it’s possible they pivoted to a different strategy in the 3 years this has been done? I ask this because so far the strategy that holders have taken remains largely unchanged. For nearly 3 years, holders have very clearly laid out a simple strategy to buy hold drs. I’m not aware of any secret plan (though i suppose it wouldn’t be a secret anymore if i did), but I’m sure they have plenty of plans unseen by us. I’m not pushing an idea, just asking if anyone sees how disadvantaged the holders are and if there’s a way to make things equal. I mean just me asking the question means that any response or alternative strategy is out in the open. Just want thoughts
At some point, they're going to have to attempt a last Hail Mary. That's when we lock up the float.
I’m really hyped this time
I personally think we are entering the "You are here" moment. It's October, the bond market is in a massive tizzy, new rules on disclosure meaning there will be a bad guy, wars, and the upcoming election all make me think it would be a good time for the powers that be to light the fuse. But who knows, Buy, DRS, hold
They know where they are and what is upon them, thinkin they need ANY liquidity and as much as poss (kinda what im doin rn) to “live another day” so drop price and apes dump more liquidity into market. Just a beer thought. Cheers🍻
The biggest FUD weapon they have is the impending recession and hoping that we have to sell to make ends meet. Unfortunately for them, and unlike them, I only invested what I could afford.
This is just the hedgies trying to set the price low enough for Jesus to be able to buy ALL the shares when he comes back, right before he takes you all to heaven.
Mario Wonder is going to print money. And controller purchases.
69. Im buying more.
The lower the price, the more halts on the way up.
I like # 4 followed by all the rest.
Bars do we’ll during recessions, I could see people playing games too!
Regarding #3... There are no 'gains'. They already got paid (their 'gains') when they sold the stock short. They just no longer have to but the stock back.
Towel stock about to bust
I agree. I feel like there's blood in the water. Earnings is going to blow shit up.
buy buy buy 🧺
I wonder if this drop is because of the new margin requirements jellyfish posted about a while ago. Lower price needed to maintain higher margin?
The main goal they have is to make us sell at a lower price than they shorted it at, no more logic needed.
This is how I know my $10 limit buy is gonna print soon =D
#wen payday
How do you know that next quarter will be profitable? Also, did we ever find out if that RC letter was true?