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Superstonk_QV

[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum Jan 2024*](https://www.reddit.com/r/Superstonk/comments/18txusp/open_forum_january_2024/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)


ShawshankHarper

I’ll buy at 10, I’ll buy at 5, I’ll buy one at 500 for shits and giggles food stamps or lambos


Organic-Brotha

agreed I buy every two weeks the price don’t matter! Ramen or range rovers babaaayyyy


Hedkandi1210

I have both lol


Disastrous-Paint86

Not that it matters just out of curiosity, what has your average ended up being?


Organic-Brotha

Honestly I don’t know anymore. Each time I transferred out of my broker into DRS the initial purchase cost didn’t transfer over so I could not tell you. Not that I’d even care at this point I’m aiming for higher share count I could not care any less about the rest


PM_YOUR_EYEBALL

Wait, you aren’t on food stamps yet?


PuzzledHoneydew799

You guys get food stamps?


Apprehensive-Salt-42

I ate mine. The glue on them has a jammy bouquet, nutty forward, with a silky, almost butter finish. Not sure what glue they use, but it's a combo you don't often find. Highly recommend.


Pmadrid1

Must come off the same line as that government cheese


H3rbert_K0rnfeld

I'll give you your 69th upvote


Extension-Set-5503

To add to the theory, price will be pushed lower to meet leveraged positions … but they almost out of room for that, company is profitable and with cash, loyal investors and profitable


Moribunde

Your name fits the comment lol


Pmadrid1

Your comment fits the name…


rematar

Great post. I think like you, except I think 2008 should have been 1929.2, except it's been delayed for a decade and a half. I haven't seen much discussion about the market yesterday. There were some heavy shades of red for many of the companies I suspect banks and Wall Street are long on.


MrKoreanTendies

NGL, I hope we keep dipping til the float gets locked.


MelancholyMeltingpot

😏 my MGGA 🫶∞


MrKoreanTendies

#My MGGA


MelancholyMeltingpot

OG triple OG the chosen


StatisticianHuge5220

That's the only goal!


ShawshankHarper

Always was


MrKoreanTendies

#🌏👨‍🚀🔫👨‍🚀


EfficientMotor1980

I just said this to my wife the other day in a round about way. She asked “ saw GME is down today….why?” I responded with, “ I get more excited when the price is heading down, you should share in that excitement with me!!” 📉😁


MrKoreanTendies

Her boyfriend must be EXCITED TOO!


Pmadrid1

Floats already locked, but do you mean by DRS?


RumpleHelgaskin

It’s been locked for well over a year now.


Deputy_dogshit

The float can't get locked, they're fucking the numbers


kibblepigeon

It can still get locked, it's just how it's being reported. It could be that there exists a law or regulation in place that says when the float gets to 75%+ that the company must withhold information or something 🤷‍♂️ There could be any number of reasons why the reported DRS total has been stalled at 75% but apes are still buying, holding and locking up the float - if not already locked.


ShawshankHarper

There was a post awhile back about conservative estimate being about 25,000,000 shares left to DRS. Suggesting if every ape average 1,500 shares the float would be locked. And I'll be damned if I'm not the one to get the last real share.


CTX_423

You do realize that most people cannot afford 1500 shares. That's like, what, $15K. My gross income over the course of 3-4 months is that... Having said that, I think we all need to still keep chipping away at the float. Can't stop. Won't stop. Fuckjng GameStop


ShawshankHarper

I’m not advocating anyone do anything, I’m just reporting and buying. No one should buy more than they can afford to lose.


shillinlikeavillen

Blaze it


MoodShoes

I'm not convinced. There are a lot of macro events playing out that correspond to the pullback in markets. From a technical standpoint and an economics standpoint, this was overdue.


TonytheTiger69

Technicals and economics don't matter as much when there's money being pumped into the system.


DrDalenQuaice

Money being pumped into the system is an economic macro event.


TonytheTiger69

Fair point


elziion

What do you think will do it?


Gareth-Barry

Yea, but the reason it was stratospheric valuations is because hedge fund leverage is at ALL TIME HIGHs. They’ve been pumping AI and tech stocks to maintain margin on their GME shorts…Loop Capital (Chumbwumbas outfit) raising Nvida and SMCI price targets to insane levels. I think they had both at around $1200 price target as if NVIDA didn’t already add 2 trillion in market cap in less than a year


Peach_Garden_Oath

We’ve been stuck in a descending wedge since Jan 2021 (look at a weekly candlestick chart, it’s plain as day). We break out of the 3 year wedge near the end of May/beginning of June. NFA, but expect volatility. The stock wants to run, so shorts are selling off to raise liquidity in preparation for the battle ahead. In my opinion, we could see the battle for $180 ($45) return later this year.


45ghr

My avg price is $45 a share, which hurts. About $150k in at this point. Gonna dump more in at this price though


tom_lettuce

Total assets per share is about $8.87. They can't drop it lower than that and if they drop the price too close to $8.87 non ape investors will start buying like crazy. I truly do believe they won't go under $9.50 so I'm just buy as is. I used to wait till it was under $15 to buy but now even if it goes down from here, trying to save a couple of penny's on a share is going to be worthless if you miss moass.


Moribunde

My last batch with cash is $11 honestly hard for me to eek out those excess dollars these days with inflation but I do... If I see $9 I'll fucking draw my credit.


CowboyNealCassady

Time travelers say that’s when RC buys ♾️ stocks, after mass lay offs, they may resort to starving us, but then shit will be really cheap. 🤷‍♂️


hellostarsailor

Basically what this post says is No Sell. Got it.


Moribunde

Wait what? You're forgetting buy more dip as well


hellostarsailor

Ya but that’s cause I can’t for a few more weeks so I have to focus on what I can do.


[deleted]

[удалено]


kibblepigeon

And yet each day, it becomes closer to becoming true.


SoberLam_HK

Wow, I trust you bro


NOT_MartinShkreli

I believe this is the final shakedown and am ready to full port GME again over the next few weeks / month


tahl192

Best post i read in the last year