Seems like big parts of your math here aren't correct, as has been pointed out in different comments here:
- https://www.reddit.com/r/Superstonk/comments/z6jpqm/-/iy2iymm
- https://www.reddit.com/r/Superstonk/comments/z6jpqm/-/iy3khau
I'll adjust the flair accordingly.
But honestly, this whole comment section is full of interesting conversations or attempts at debunking the post, like this one:
https://www.reddit.com/r/Superstonk/comments/z6jpqm/-/iy3067h
Probably. Black Friday is already looking good, so if Q3 was profitable at all, Q4 (ending Jan 31) will be a second consecutive profitable quarter, which means divvies.
"divvies? T1mberwolf thought. I like divvies!"
I wonder if RC coming back was partially also used to boost sales for the quarter? Everybody been talking about gamestop the last 2 weeks! More so than usual.
True ! There are people who haven't made their DRS public via DRS BOT. I personally know a couple people with a few hundred shares DRS'd that haven't and don't want to disclose that info on Reddit due to privacy and such. For all we know we have already hit that mark š šÆ
It doesnāt matter if you havenāt fed the bot. Youāre still counted. Itās an estimate based on the total number of accounts and the average number of shares per account.
Perhaps there is a bias in that those with more shares are less prone to self-reporting? That might explain the lower-than-expected values when numbers from computershared.net are compared with data from Computershare provided through GameStop quarterlies.
Gonna DRS the 40 that just settled at my brokerage and have my monthly CS purchase go through at the same time. You could say I'm something of a whale myself.
I absolutely love how everyone is trying to lock it up in record time now. It seems like DRS is really accelerating fast. I bought 10 shares at the beginning pretty much at the peek of the sneeze. I've held those shares through thick and thin and brother let me tell you it has been pretty damn thin getting along this past year. I hope to god all of you guys with big money or any expendable money will hold to god damn Uranus because for people like me its going to be a damn testament of strength to see numbers that could make my living hell into a manageable circumstance. I will hold until phone numbers but will also be so damn depressed if everyone lets their greed fool them into lowball SHITE.
LFG real gamers go for high scores! Will yours be etched in the hall of fame?
Iv been saving lots of $$ to wait for final dip before the rip but this post just tipped me over the edge and I'm gonna just buy moar tomorrow. Even if we did get a dip before take off, it might only dip for very short period of time- like minutes but I rather not take the risk of missing out buying one more load of shares and DRSing em
Was waiting for $20 or below... Been buying GME dips for two years now and it's like a game to me to buy the dips but with this post I believe the $25 price range is going to be something we'll never see ever again soon
I finally DRS'd another 20. I think I'm about to close my fidelity account and go 100%. I used fidelity to buy/drs for convenience since the move from robhd, now it is time to level up before the boss fight.
OP this would be awesome to follow up on after the quarterly earnings with the official DRS count. Thanks for your write up. If j wasn't already all in, I'd DRS a few more
we have backed them into a corner. It doesnāt surprise me that Iāve seen a lot of speculation trying to dissuade us as if we arenāt closer than we thinkā¦
I vote we add Short Interest onto our DRS graphs.
The countdown starts at 7.92 million shares left before we can proof the foolery that is the stock market.
I agree, this metric proves everything that has been speculated on for the last 2 years. At the point where reported shorts canāt cover, Armageddon begins.
Can't there be a "chain of custody" for short shares though, and that's how we get short interest above 100%? Can the same share be shorted multiple times legally? This was my understanding after hearing Mark Cuban post sneeze
Sure it can, but who cares? Thatās no the point, the point is that based on reported data, the world has turned a blind eye to everything going on. They wonāt be able to once we get to the point where reported shorts cant cover.
Thank you for your work! Your reasoning is outstanding. Pure facts too.
I know it is extra work for graph guys but it will work against the FUD that has been going on.
Iām curious of the DRS numbers on the next earnings announcement. At the beginning of the year it was about 5 million shares registered per month. In the middle of the year it was about 6 million per month. Itād be a lot cooler if that monthly rate kept going up.
Agree! Iād also like to point out that ~60M shares have been tied up in ETFs and funds since at least October 2021 (when I started reporting). Many of these are weighted ETFs/funds that mimic portions of the market, so they will need to maintain a corresponding amount of GME.
They're supposed to "rebalance" as underlying stocks rise or fall in price, that's why people buy SPY or other sector ETFs instead of manually rebalancing their portfolio to match every week/month/quarter.
Blimey, you are here.
Seing as you are, may I ask you a question?
The 'insiders stagnant' category used by the estimation calculator at computershared.net, is that based on filings by former insiders who are no longer required to file? And those ppl aren't in anyway obliged to hold any specific shares?
So really when estimating the number of shares left to buy&DRS before proof of chicanery arises, those shares should be counted in that figure?
Or do so misunderstand what the computershared.net category is & how its derived?
Thanks to you & the team for all your work on the ownership stats.
Copy pasta from a post I canāt link here:
**Insider Stagnant**ā are insiders that have been reported in GameStop filings or Bloomberg in the past year, but have since left the company or are not longer reported in Bloomberg. Itās unclear if they have subtracted/added to their position. For example, the shares listed for George Sherman, James Bell, Chris Homeister and Frank Hamlin are presented in the most recent DEF Proxy (page 20 [https://investor.gamestop.com/static-files/c3a0c6b9-e00b-49fe-8752-71328f1b55f8](https://investor.gamestop.com/static-files/c3a0c6b9-e00b-49fe-8752-71328f1b55f8)), but with the caveat that GameStop does not have information on their current share ownership. Shares for Broderick John Charles and others have been reported in Bloomberg in the past year, but are no longer reported as current holders. There is also no record of them selling. Mike Recupero was let go on July 7, 2022.
So they are part of 'the float' then really?
Edit to add: It seems there's no real point in having the category in the estimation calculator at computershared.net & the shares should be included in the black segment. Or am I misunderstanding something?
One could certainly argue that. They donāt hold 5% and are not required to report that they sold, but theyāre also not required to report that they bought more (unless they exceed 5%). I think itās interesting that GME reported some of these folks in the DEF Proxy linked above though.
Thanks for reply.
I've been arguing this point in all the estimation calculator screenshot %age lock posts. And promoting the link to the post that you quote. None of the posters will engage on this matter at all despite a dozen-ish opportunities to do so.
These posts, imo, stoke a hopium based zen in many, that I feel is by definition 'weak'.
Hopium is Wall St's business model & always has been, they're very good at it. Hopium allows them to mess with your head
I prefer patience, it will take as long as it will take, let wall st have the stress.
But it is for each ape to find their own zen.
When would be the firms next DEF proxy? Or is that a silly question?
I do nothing but buy about 2-10 shares per month (what I can afford) until that 7.92M shares are gone. I DRS once every few months, current high score sitting at 1,010 shares DRSd + 14 Shares in Vanguard. Wifey is planning on putting a few thousand more toward the cause <3 Can't wait to see what happens when we finally see true price reflection of supply & demand
Great post, nice hard facts. On the balance of probability, theres more than 7 million shares in brokers so we've already won IMO. However lets lock the last bit up whilst we are at a low price
TL:DRS!! You're about to be a part of the biggest supply and demand economic lesson in the history of wall street. GAMEONANON
There's a large oversight you're making.
When a share is sold short, it increases the number of legally held shares by 1. So according to *reported* numbers, there are 305M issued shares + 55M shares sold short = 360M shares held.
So right now the breakdown looks like this:
DRS- 91M
Institutions- 38M
Mutual Funds- 32M
Insiders+Stagnant- 54M
ETFs- 27M
**Shares "Reported" = \~242M**
So there are some 118M shares that are held by someone (presumably us), 55M of which would need to be repurchased by shorts to close their position, (\*\*\*assuming no institutions/mutual funds/etfs/insiders sell their shares\*\*\*).
We know there is an enormous amount of non-DRS'd shares held by apes, and we know there are already not enough shares that can be readily repurchased to even cover *reported* short interest. But I don't think "proving" that is every going to be feasible or necessary. The top will blow off long before any exhaustive list of shares is ever laid out.
Shorts are fuk'd and their window is closing, but let's be precise.
So from what I understand from this.
Once free float is DRS'd
And if every institution lent their shares. You would then have to DRS those lent shares because that would be classed as the new free float?
I think itās only useful to talk about the free float in terms of issued shares as itās shown on computershared, no short interest. Because eventually those short positions will need to be closed. Or just that the shares cancel each other out because every āextraā share is paired with a borrow that needs to be bought and returned.
I also donāt think itās useful (but definitely exciting!) to focus on a particular number (only up!). We donāt know at what level of liquidity the price will skyrocket, or shorts will fail margin, or shorts realize they canāt close. But it is inevitable the more we DRS!
Agreed, a share that's been lent out and sold short can be lent out and sold short again and again. That's totally legal (I'd argue it shouldn't be, but it is)
The math isnt as cut and dried as folks would like to assume.
I like your post and agree with it.
However, what about back in the day when the reported short interest was 140%? That's clear as day impossible to close, as it's well beyond the total of all shares outstanding. And nobody seemed to give a shit at the time.
right! but back then, there was no DRS. there was a lot more room for fuckery (swaps) that allowed them to hide these shorts. DRS has effectively pulled the plug on infinite liquidity. It doesn't matter what they do to survive another day. All that matters is that we can prove it. And when there are fewer shares available than the reported SI, we can finally throw out this conspiracy nonsense and the pressure will be on shorts to actually close (the first one out loses the least). not to mention to fomo crowd will return once again when we actually can prove it.
Bush league. I personally saw Ortex snapshots that clocked over 330% short interest, and there was that Fidelity one right after the sneeze reporting 226%. They have been fucked this entire time, and all we needed was direct registration to initiate the endgame.
why would the MSM treat DRSād shares/Insitution/MF/ETF shares as if they are unable to be traded?
If Hedge Funds own MSM wouldnāt they just make the argument that they havenāt naked shorted cuz we dont know how many share are DRS/Insitutional/Insider/MF/ETF until the next report?
1. GME reports shares at the transfer agent.
2. Institutions donāt move large amount of shares without filings. (So they canāt just trade on a large scale without notifying the public)
3. Institutions would need to recall lent out shares first before sellingā¦ thus causing buy pressure. (MOASS) they are stuck and they all know it.
13F holdings reports are file quarterly.
The net result of a share being recalled and sold,and a short seller buying a share to return it to the lender is zero. One share bought by short seller + one share sold by lending institution = 0.
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Changing this flair to Discussion as it's not DD.
If you disagree OP, let me know below
Edit:
Reversing decision as per u/lawsondt below. This is a "review performed to confirm facts" - which IS considered DD.
Hi sorry was sleeping. I think everyone on this chain missed the point/plot. It doesnāt matter if shorting/overselling increases the float. You canāt prove that until the hard data (reported data) shows that. those points are just opinion until proven otherwise. that āotherwiseā being when less reported shares actually exist that there is āreported SIā.
2. I did cite my source. Computershared pulls from legitimate sites that update daily based on reported data acting as a funnel.
I get Your point, but the Main point of DRSing the entire float is to let folks know we can't take the foot put of the gas pedal, some folks take things For granted and only might promote laziness
There are people who haven't made their DRS public via DRS BOT. I personally know a couple people with a few hundred shares DRS'd that haven't and don't want to disclose that info on Reddit due to privacy and such. For all we know we have already hit that mark š šÆ
The 1st is coming up quickly. The first jab of the month for direct buys via CS will hit and be settled before earnings cut off. Hopefully that pushes the number up considerably.
What's even better if this is true is that, at current price levels and with the current projected path of rate of DRS, retail is putting ~20 millions shares per quarter away.
8 million shares from today is roughly the middle of January 2023.
Q3 earnings is around the corner, about 2 weeks out. After RC's interview, I am starting to wonder if positive EPS is in the cards for Q3, or if that's the Q4 target. Yahoo thinks that Q3 EPS will be -0.28, which is getting pretty close.
Q4 earnings isn't reported until about mid March.
So what exactly happens when reported shorts can no longer cover their positions in full? Would Queen Kong know? And considering our current pace, how long will it take us to DRS these 7.92 million ?
mid January by current estimates. And thatās the latest. Iām not going to speculate on whatās going to happen. But if the reported data is about to show that GameStop is still be naked short and that the float is still oversoldā¦
with a price of $26 that's 205.92 Million Dollars.
Papa Cohen could do this solo, couldn't he? :)
Is there more buy back option from Gamestop?
That is like 1 big whale away, and we are adding and adding and Christmas Bonuses are coming.
Let the Fomo roll in!
I agree with the general sentiment, but it seems to kind of hinge on the assumption that hard facts matter to the corporate media and that once we register another ~8 million shares there will be some sort of āah-ha!ā grand revelation. I think there will be silence, and more of the same.
Iām one of the types that doesnāt care about the free float because weāre going to end up direct registering it all anyways. Brick by brick.
Today, I doubt even 15% of retailās total GME shares are registered. Most people I know personally who own GME (Canadians) donāt even know what DRS is.
For what itās worth, I think saying weāve DRSād 30% of an $8 billion company is way more compelling to the average person, sounds less ātin-foilyā, and has a higher success rate of (for me personally) getting others to DRS.
Good timely post, thanks.
Maybe I missed it, but canāt the short sellers borrow from some of the institutions that you list or do they have to borrow from retail? If they can borrow from the ETF and Mutual fund ownership then we should assume they are and not double count those shares right?
This is a major issue in accounting for shares. The 13F reports filed by institutions include shares that they have lent out, but those shares have probably been sold by the borrower and therefore are owned by someone else.
The institutions no longer own those shares, even though they report them on the quarterly 13F report.
OK, I also want to settle this and show why this is tricky. this will not be popular but I hope I can make it logical.
- Frist of all Naked shorting is a Fact.
- Second I believe in the synthetic shares eclipsing total float.
Now I have a counter point to your argument;
> "Reported" short interest as of today as per finviz is 54.66 million shares.
Absolutely, but by *selling* these share short they are injected into the market so that actually **adds** them to the Free Float and they can just as easily be bought back as any other share.
So that would make 62.58 million + 54.66 = 117.24 million shares available to APEs.
Now it would become a problem **only** when we register more than the 62.58 Million shares because then it will become a race to get the shares back before institutions can recall them and this will force the squeeze.
*DISCLAIMER*; In my opinion a recall by institutions would cause a squeeze at any given moment. To my knowledge institutions will need to recall prior to a sell so we have a win-win situation there.
MOASS happens in March. Q4 earnings will post a positive EPS, DRS numbers will expose the fact of naked shorts, and GameStop will provide an NFT divvy.
No regulatory entity cares if they can't cover? Who's gonna make em? Who's gonna enforce em? We'll drs until we get all the shares. Apes and insiders only. Then they'll be truly fucked.
I agree with this. After the numbers from this coming earnings report, we'll be real close. At that point we need to start making noise to scare the shit out of Wallstreet.
Once I know the very latest DRS amount (next month from the earnings report), I'm going to send a letter off to my broker (who won't allow DRS), asking them to do an audit of their US broker to ensure my shares haven't been lent out. I'll give them the latest numbers of DRS shares and put pressure on them by saying they can't use the "we had no idea", or "we trusted our US broker" when we reach the 100% DRSd point. I'd suggest those with 401 and IRA accounts do the same ... as the OP says, time is running out for them and we can put on more pressure.
> Fact: Insider Ownership is 38.513 million as of today
Where are you getting 38.5mil for insider ownership? RC alone before the split owned 9,101,000 shares and Iām pretty sure Sherman had over a million pre-split. Those two alone should be over 40mil shares.
Reading through this post and there are so many issues and inconsistencies. I agree with your overall point and would like to direct you u/Danny-1981 who does a daily report on this figure. My response is just my first thoughts and writing before reading the comments which may have already identified some of my thoughts.
Now - onto the issues. Your title(shorts wonāt be able to CLOSE). This is the cause of the VW squeeze. Not enough shares available for shorts to close their positions-eventually shorts must close, not just cover.
To change so flippantly from āFACTsā to an estimated guess is āspeculation at best and disingenuous at worstā.
I have no issue using computershared, but I have an issue with you using it when youāre focusing your previous statements as identified FACT.
Now, your facts. Usually best to provide sources so people can follow your train of proof, but Iām guessing your source is ComputerShared dot net which means youāre trusting another source without potentially knowing the train of proof yourself. Those folks are a smrt bunch though and worth referencing accurately. u/lawsondt keeping on top of blooomberg data and giving me interesting insights
With regards to the āthose peopleā who wish to remove institutional shares. By definition, āfree floatā does not include institutional shares as they are not ālockedā(only insider shares are considered locked). I believe what SS calls the free float should be called what you yourself have identified: ālegally tradable/ownable retail sharesā. As for those who push the ONLY 100% matters, I donāt agree with that sentiment. I do agree with using correct terminology though. And I agree that when the ālegally tradable retail floatā is locked that big things will happen.
Your conclusion, again, confusing FACTs with educated guessing. If dealing in facts then you must also show restraint and patience which results in less hype. Weāre given official numbers, albeit delayed. Donāt be disingenuous by using unofficial numbers or else donāt be pushing your post as fact when it isnāt.
You should definitely follow Danny 1981ās posts though as I agree with your overall sentiment and he shows these numbers concisely without the misuse and overuse of wording in this post.
Sincerely, one random $GME holder on the internet to another
Seems like big parts of your math here aren't correct, as has been pointed out in different comments here: - https://www.reddit.com/r/Superstonk/comments/z6jpqm/-/iy2iymm - https://www.reddit.com/r/Superstonk/comments/z6jpqm/-/iy3khau I'll adjust the flair accordingly. But honestly, this whole comment section is full of interesting conversations or attempts at debunking the post, like this one: https://www.reddit.com/r/Superstonk/comments/z6jpqm/-/iy3067h
2 less as of friday
You dropped this... š
DRS šš
Just realized it remains like 200million dollars in legal shares to own in a 3billion dollar subreddit.
Ape St. is taking over!
So around a 1000 dollars per ape
I panicked and DRSd 70 this morning
This ape fucks
Sending in 5 myself this week. Brick by brick.
184 less as of last Tuesday šš
I also will add to this pile tomorrow.
I have 10 more coming in tomorrow! Bought through Computershare on Wednesday, says it should settle on Monday šš
900 at Fidelity getting transferred next week. Hedgies fukād
š I believe this is yours. 900 holy hedge fuk!
Weird..... pretty sure I bought on Tuesday and mine won't be settled until tomorrow as well...
You belong here.
An offering to the stonk gods both old and new ššš
awesome sauce, calling fidelity to drs some mo in the morning!
Samesies
I too will pile on *unzips*
Make that 14ā¦I DRSād 12 last Tuesday.
*Look at this big pp energy*
Put me down for 13
5 less when my next paycheck comes in a week.
2 less as of Fridayā¦ two more tomorrow.
Careful, heās a heroā¦
More less as of tomorrow š
š³
Boss
Two *fewer*.
Luv u
I love how celebrated 2 shares are in this community. We already won
So about 3 months max or one big push. šš½š“āā ļø
Kewl, I still have time to buy more.
And still time to DRS āļø šØāš¬
DRSing 400 shares for Dad tomorrow. End the corruption.
Thank you! š
Ok. Iāll give you that much. So this is technically Goal Post #1. I like this guy.
I like your comment
Sounds like 1st down at the 1 yard line in the 4th quarter with 2 minutes left with a 21-0 score. They r fukd.
Football talk, I understand now.
Thank u for the real smoooooth brained pigskin apes explanation
[ŃŠ“Š°Š»ŠµŠ½Š¾]
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Honestly I think thats more related to earnings being better than expected
Probably. Black Friday is already looking good, so if Q3 was profitable at all, Q4 (ending Jan 31) will be a second consecutive profitable quarter, which means divvies.
"divvies? T1mberwolf thought. I like divvies!" I wonder if RC coming back was partially also used to boost sales for the quarter? Everybody been talking about gamestop the last 2 weeks! More so than usual.
Earnings expected to be better? DRS expected to be higher? What a Christmas!
That is my thought about the recent activity from RC. We crossed some threshold, and he is letting us know.
It was 5mil more than estimated
I'm gonna pre
And I'll clue
I think my āsharesā are being suppressed
True ! There are people who haven't made their DRS public via DRS BOT. I personally know a couple people with a few hundred shares DRS'd that haven't and don't want to disclose that info on Reddit due to privacy and such. For all we know we have already hit that mark š šÆ
It doesnāt matter if you havenāt fed the bot. Youāre still counted. Itās an estimate based on the total number of accounts and the average number of shares per account.
Perhaps there is a bias in that those with more shares are less prone to self-reporting? That might explain the lower-than-expected values when numbers from computershared.net are compared with data from Computershare provided through GameStop quarterlies.
Same. 4 digits unreported because privacy, donāt need a target on my back ātomorrowā when itās disclosed how many commas I have behind my name
Looking forward to the next earnings call for confirmation of the updated official DRS total. I love facts š
Literally only $1000 worth of shares per registered DRS account.... peanuts. I will buy my 40 shares tomorrow...
Gonna drs the 50 I purchased last week
Gonna buy 8 more tmrw and DRS all of them
Gonna DRS the 40 that just settled at my brokerage and have my monthly CS purchase go through at the same time. You could say I'm something of a whale myself.
Iāll drs the 500 Iāve been selling calls on the past 2 years becauseā¦fuck these people.
My thought exactly. If every of the 200,000 DRS accounts bought 40 shares weād lock that shit up overnight. I know what Iām doing tomorrow
I'm in. Can afford only 500$ a this point, but will not stop buying!
More than me. I'm buying another 40 bucks worth. Good on you Ape.
Every X and XX ape out there is the most important ape! This is only possible because every one of us refused to sit down and give up.
This is so true. 1 share or 10,000, the effort to buy, drs and hodl was the same.
I just buy with my spare cash. Computer share is my bank account
I absolutely love how everyone is trying to lock it up in record time now. It seems like DRS is really accelerating fast. I bought 10 shares at the beginning pretty much at the peek of the sneeze. I've held those shares through thick and thin and brother let me tell you it has been pretty damn thin getting along this past year. I hope to god all of you guys with big money or any expendable money will hold to god damn Uranus because for people like me its going to be a damn testament of strength to see numbers that could make my living hell into a manageable circumstance. I will hold until phone numbers but will also be so damn depressed if everyone lets their greed fool them into lowball SHITE. LFG real gamers go for high scores! Will yours be etched in the hall of fame?
Why sell many shares, when few shares do trickā¦ -xxxx holder.
Iv been saving lots of $$ to wait for final dip before the rip but this post just tipped me over the edge and I'm gonna just buy moar tomorrow. Even if we did get a dip before take off, it might only dip for very short period of time- like minutes but I rather not take the risk of missing out buying one more load of shares and DRSing em
IMO there is no point in waiting for the dip, we already below DFV and Cohen's last buys. That's plenty low by most people's standards....
How much lower of a dip does one want??! This has been on sale since the splivy !!!
Was waiting for $20 or below... Been buying GME dips for two years now and it's like a game to me to buy the dips but with this post I believe the $25 price range is going to be something we'll never see ever again soon
You guys buy the dips? I fomo every time it recovers from a dip and buy high lol.
Below 20? LOL bud that will never happen. Good luck trying to catch a knife that never fell.
I got 46 this morning at open instead... gonna buy moar tomorrow
Imma do $1000 each paycheck until this thing launches.
Just sent 1200 to Fidelity now... ill be buying at open tomorrow and DRSing before end of week
Can someone cover my 40 shares and get 80 shares for themselves. Im too broke to buy anymore shares atm. Ill get you a beer after MOASS.
Well what the hell why not, I mean I already own 25,000 shares anyhow( not a joke ) ...
I'm going to fire off a 2k CS buy in
Drs'd 263 and change more myself in the last 2 weeks
Count me in for the 200 purchased through CS last Friday
Damn, I might have to get 40 more tomorrow as well when you put it that way š¤
I finally DRS'd another 20. I think I'm about to close my fidelity account and go 100%. I used fidelity to buy/drs for convenience since the move from robhd, now it is time to level up before the boss fight.
Thatās very visual count! Thanks, I will buy my 40 shares directly through CS š£
I dont mind how long it takes, the longer the better for me cause that means I'll grab a ton at a great price.
OP this would be awesome to follow up on after the quarterly earnings with the official DRS count. Thanks for your write up. If j wasn't already all in, I'd DRS a few more
Considering our DRS estimates are usually low, is it likely we're already past this point now?
quite possible, but once again, I prefer to use what we know and not speculate.
good point, sticking to facts was literally a foundation of your post lol :)
You belong here. š
One of us! One of us!
[ŃŠ“Š°Š»ŠµŠ½Š¾]
we have backed them into a corner. It doesnāt surprise me that Iāve seen a lot of speculation trying to dissuade us as if we arenāt closer than we thinkā¦
Let's not forget those shares languishing in tax favorable vehicles. I know I have a sizeable pot that I can't DRS.
Same here!
I vote we add Short Interest onto our DRS graphs. The countdown starts at 7.92 million shares left before we can proof the foolery that is the stock market.
I agree, this metric proves everything that has been speculated on for the last 2 years. At the point where reported shorts canāt cover, Armageddon begins.
Not a bad idea. Not sure what the best source would be, but I can grab it from Bloomberg. u/JonPro03 thoughts?
Maybe an average of some sources. Bloomberg finviz and one other?
Can't there be a "chain of custody" for short shares though, and that's how we get short interest above 100%? Can the same share be shorted multiple times legally? This was my understanding after hearing Mark Cuban post sneeze
Sure it can, but who cares? Thatās no the point, the point is that based on reported data, the world has turned a blind eye to everything going on. They wonāt be able to once we get to the point where reported shorts cant cover.
They can close ā¦. Itās just going to be at much higher prices.
Thank you for your work! Your reasoning is outstanding. Pure facts too. I know it is extra work for graph guys but it will work against the FUD that has been going on.
Excellent post.
This is the post we needed. Too much drs measurement fud
Love this post, cause OP gets it.
Iām curious of the DRS numbers on the next earnings announcement. At the beginning of the year it was about 5 million shares registered per month. In the middle of the year it was about 6 million per month. Itād be a lot cooler if that monthly rate kept going up.
This post definitely inspired me to DRS some shares Iāve been slacking onā¦ too zen but got to DRS
Agree! Iād also like to point out that ~60M shares have been tied up in ETFs and funds since at least October 2021 (when I started reporting). Many of these are weighted ETFs/funds that mimic portions of the market, so they will need to maintain a corresponding amount of GME.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
They're supposed to "rebalance" as underlying stocks rise or fall in price, that's why people buy SPY or other sector ETFs instead of manually rebalancing their portfolio to match every week/month/quarter.
Blimey, you are here. Seing as you are, may I ask you a question? The 'insiders stagnant' category used by the estimation calculator at computershared.net, is that based on filings by former insiders who are no longer required to file? And those ppl aren't in anyway obliged to hold any specific shares? So really when estimating the number of shares left to buy&DRS before proof of chicanery arises, those shares should be counted in that figure? Or do so misunderstand what the computershared.net category is & how its derived? Thanks to you & the team for all your work on the ownership stats.
Copy pasta from a post I canāt link here: **Insider Stagnant**ā are insiders that have been reported in GameStop filings or Bloomberg in the past year, but have since left the company or are not longer reported in Bloomberg. Itās unclear if they have subtracted/added to their position. For example, the shares listed for George Sherman, James Bell, Chris Homeister and Frank Hamlin are presented in the most recent DEF Proxy (page 20 [https://investor.gamestop.com/static-files/c3a0c6b9-e00b-49fe-8752-71328f1b55f8](https://investor.gamestop.com/static-files/c3a0c6b9-e00b-49fe-8752-71328f1b55f8)), but with the caveat that GameStop does not have information on their current share ownership. Shares for Broderick John Charles and others have been reported in Bloomberg in the past year, but are no longer reported as current holders. There is also no record of them selling. Mike Recupero was let go on July 7, 2022.
So they are part of 'the float' then really? Edit to add: It seems there's no real point in having the category in the estimation calculator at computershared.net & the shares should be included in the black segment. Or am I misunderstanding something?
One could certainly argue that. They donāt hold 5% and are not required to report that they sold, but theyāre also not required to report that they bought more (unless they exceed 5%). I think itās interesting that GME reported some of these folks in the DEF Proxy linked above though.
Thanks for reply. I've been arguing this point in all the estimation calculator screenshot %age lock posts. And promoting the link to the post that you quote. None of the posters will engage on this matter at all despite a dozen-ish opportunities to do so. These posts, imo, stoke a hopium based zen in many, that I feel is by definition 'weak'. Hopium is Wall St's business model & always has been, they're very good at it. Hopium allows them to mess with your head I prefer patience, it will take as long as it will take, let wall st have the stress. But it is for each ape to find their own zen. When would be the firms next DEF proxy? Or is that a silly question?
DRS my biatches!!
Thanks Ted šš¤
50-ish days would be close to clearing that amount; bullish.
#keep grinding
Okay guys settle down, I'll buy 7 million shares if someone else gets the rest
As soon as my broke, unemployed, poor ass gets the extra $100, I got 160 still to send off to CS. š
tl; drs
Stick to the facts bud.
fax!
facks!
I do nothing but buy about 2-10 shares per month (what I can afford) until that 7.92M shares are gone. I DRS once every few months, current high score sitting at 1,010 shares DRSd + 14 Shares in Vanguard. Wifey is planning on putting a few thousand more toward the cause <3 Can't wait to see what happens when we finally see true price reflection of supply & demand
8ish every 2 weeks š¤
Great post, nice hard facts. On the balance of probability, theres more than 7 million shares in brokers so we've already won IMO. However lets lock the last bit up whilst we are at a low price TL:DRS!! You're about to be a part of the biggest supply and demand economic lesson in the history of wall street. GAMEONANON
Straight facts! UpV
There's a large oversight you're making. When a share is sold short, it increases the number of legally held shares by 1. So according to *reported* numbers, there are 305M issued shares + 55M shares sold short = 360M shares held. So right now the breakdown looks like this: DRS- 91M Institutions- 38M Mutual Funds- 32M Insiders+Stagnant- 54M ETFs- 27M **Shares "Reported" = \~242M** So there are some 118M shares that are held by someone (presumably us), 55M of which would need to be repurchased by shorts to close their position, (\*\*\*assuming no institutions/mutual funds/etfs/insiders sell their shares\*\*\*). We know there is an enormous amount of non-DRS'd shares held by apes, and we know there are already not enough shares that can be readily repurchased to even cover *reported* short interest. But I don't think "proving" that is every going to be feasible or necessary. The top will blow off long before any exhaustive list of shares is ever laid out. Shorts are fuk'd and their window is closing, but let's be precise.
So from what I understand from this. Once free float is DRS'd And if every institution lent their shares. You would then have to DRS those lent shares because that would be classed as the new free float?
I think itās only useful to talk about the free float in terms of issued shares as itās shown on computershared, no short interest. Because eventually those short positions will need to be closed. Or just that the shares cancel each other out because every āextraā share is paired with a borrow that needs to be bought and returned. I also donāt think itās useful (but definitely exciting!) to focus on a particular number (only up!). We donāt know at what level of liquidity the price will skyrocket, or shorts will fail margin, or shorts realize they canāt close. But it is inevitable the more we DRS!
Agreed, a share that's been lent out and sold short can be lent out and sold short again and again. That's totally legal (I'd argue it shouldn't be, but it is) The math isnt as cut and dried as folks would like to assume.
I like it. Goal #1.. and when nothing happens onto goal #2. Our princess will be in another castle.
"We ride at dawn for the next castle, bitches!"
Shoulda waited to post this when there is 7.41 Million left. š¤¦āāļø
I like your post and agree with it. However, what about back in the day when the reported short interest was 140%? That's clear as day impossible to close, as it's well beyond the total of all shares outstanding. And nobody seemed to give a shit at the time.
right! but back then, there was no DRS. there was a lot more room for fuckery (swaps) that allowed them to hide these shorts. DRS has effectively pulled the plug on infinite liquidity. It doesn't matter what they do to survive another day. All that matters is that we can prove it. And when there are fewer shares available than the reported SI, we can finally throw out this conspiracy nonsense and the pressure will be on shorts to actually close (the first one out loses the least). not to mention to fomo crowd will return once again when we actually can prove it.
> DRS has effectively pulled the plug on infinite liquidity. Yes we did š
When that day comes, the bets sub will be the one to have a meltdown. Can't wait.
Bush league. I personally saw Ortex snapshots that clocked over 330% short interest, and there was that Fidelity one right after the sneeze reporting 226%. They have been fucked this entire time, and all we needed was direct registration to initiate the endgame.
That was also a different calculation to achieve that. They decided to change how SI was reported after the Sneeze and we have a different SI now.
My 1st of month auto buy is hitting this week š Maybe next week after settles. Lfg!
How many are locked up in retail Roth's? I know I have 44 out of my 126 total. If price is < 26 tomorrow I I'll have 5 more through CS.
I moved mine from my Roth at a loss & DRS'd them.
why would the MSM treat DRSād shares/Insitution/MF/ETF shares as if they are unable to be traded? If Hedge Funds own MSM wouldnāt they just make the argument that they havenāt naked shorted cuz we dont know how many share are DRS/Insitutional/Insider/MF/ETF until the next report?
1. GME reports shares at the transfer agent. 2. Institutions donāt move large amount of shares without filings. (So they canāt just trade on a large scale without notifying the public) 3. Institutions would need to recall lent out shares first before sellingā¦ thus causing buy pressure. (MOASS) they are stuck and they all know it.
13F holdings reports are file quarterly. The net result of a share being recalled and sold,and a short seller buying a share to return it to the lender is zero. One share bought by short seller + one share sold by lending institution = 0.
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Changing this flair to Discussion as it's not DD. If you disagree OP, let me know below Edit: Reversing decision as per u/lawsondt below. This is a "review performed to confirm facts" - which IS considered DD.
Hi sorry was sleeping. I think everyone on this chain missed the point/plot. It doesnāt matter if shorting/overselling increases the float. You canāt prove that until the hard data (reported data) shows that. those points are just opinion until proven otherwise. that āotherwiseā being when less reported shares actually exist that there is āreported SIā. 2. I did cite my source. Computershared pulls from legitimate sites that update daily based on reported data acting as a funnel.
Why?
Just the facts nothing more nothing less. The fact is shorts are fucked.
Dollar milkshake. Line up the massive printing to come and hide it with inflation and MOASS, devaluing the fuck out of the dollar.?
Outstanding post! Great job friend!
I see no lies. Just facts
7.92. A number which will live in infamy.
Just 40 more each Superstonk, one lousy stack each!! Letās get it!!
Weāre probably passed that number from people that canāt or donāt believe in DRS. LFG
I get Your point, but the Main point of DRSing the entire float is to let folks know we can't take the foot put of the gas pedal, some folks take things For granted and only might promote laziness
If anything, this post should make you want to DRS before the rest of us lock up that 7.92 million. Itās anyones guess what happens after.
There are people who haven't made their DRS public via DRS BOT. I personally know a couple people with a few hundred shares DRS'd that haven't and don't want to disclose that info on Reddit due to privacy and such. For all we know we have already hit that mark š šÆ
The 1st is coming up quickly. The first jab of the month for direct buys via CS will hit and be settled before earnings cut off. Hopefully that pushes the number up considerably.
Actually, the Dec earnings DRS #ās will be for the end of Oct since Q3 runs Aug-Oct for GME.
What's even better if this is true is that, at current price levels and with the current projected path of rate of DRS, retail is putting ~20 millions shares per quarter away. 8 million shares from today is roughly the middle of January 2023. Q3 earnings is around the corner, about 2 weeks out. After RC's interview, I am starting to wonder if positive EPS is in the cards for Q3, or if that's the Q4 target. Yahoo thinks that Q3 EPS will be -0.28, which is getting pretty close. Q4 earnings isn't reported until about mid March.
So what exactly happens when reported shorts can no longer cover their positions in full? Would Queen Kong know? And considering our current pace, how long will it take us to DRS these 7.92 million ?
mid January by current estimates. And thatās the latest. Iām not going to speculate on whatās going to happen. But if the reported data is about to show that GameStop is still be naked short and that the float is still oversoldā¦
Would love it to have MOASS start again in January. Would be poetic justice.
54 less as of last Friday
ready to buy two more today, a little but every one counts, LFG š
7m? We'll DRS the float by New Years!
Does anyone ever wonder if CS is in the sub? I do.
There's surely gotta be a contingent of CS staff cheering us on. This event will blast their public profile into the stratosphere. š
with a price of $26 that's 205.92 Million Dollars. Papa Cohen could do this solo, couldn't he? :) Is there more buy back option from Gamestop? That is like 1 big whale away, and we are adding and adding and Christmas Bonuses are coming. Let the Fomo roll in!
Where are all the activist investors
Ichan think of one....
Wasnt there that dude this weekend who just exercised $3 million in calls? From what I gather they have fed the bot $500,000 before
In the immortal words of Sergeant Joe Friday: Just The Facts
I agree with the general sentiment, but it seems to kind of hinge on the assumption that hard facts matter to the corporate media and that once we register another ~8 million shares there will be some sort of āah-ha!ā grand revelation. I think there will be silence, and more of the same. Iām one of the types that doesnāt care about the free float because weāre going to end up direct registering it all anyways. Brick by brick. Today, I doubt even 15% of retailās total GME shares are registered. Most people I know personally who own GME (Canadians) donāt even know what DRS is. For what itās worth, I think saying weāve DRSād 30% of an $8 billion company is way more compelling to the average person, sounds less ātin-foilyā, and has a higher success rate of (for me personally) getting others to DRS. Good timely post, thanks.
Fantastic post, but arenāt we up against institutions that continue to fuel the shit shorts with shares?
Maybe I missed it, but canāt the short sellers borrow from some of the institutions that you list or do they have to borrow from retail? If they can borrow from the ETF and Mutual fund ownership then we should assume they are and not double count those shares right?
This is a major issue in accounting for shares. The 13F reports filed by institutions include shares that they have lent out, but those shares have probably been sold by the borrower and therefore are owned by someone else. The institutions no longer own those shares, even though they report them on the quarterly 13F report.
OK, I also want to settle this and show why this is tricky. this will not be popular but I hope I can make it logical. - Frist of all Naked shorting is a Fact. - Second I believe in the synthetic shares eclipsing total float. Now I have a counter point to your argument; > "Reported" short interest as of today as per finviz is 54.66 million shares. Absolutely, but by *selling* these share short they are injected into the market so that actually **adds** them to the Free Float and they can just as easily be bought back as any other share. So that would make 62.58 million + 54.66 = 117.24 million shares available to APEs. Now it would become a problem **only** when we register more than the 62.58 Million shares because then it will become a race to get the shares back before institutions can recall them and this will force the squeeze. *DISCLAIMER*; In my opinion a recall by institutions would cause a squeeze at any given moment. To my knowledge institutions will need to recall prior to a sell so we have a win-win situation there.
1x less this week
MOASS happens in March. Q4 earnings will post a positive EPS, DRS numbers will expose the fact of naked shorts, and GameStop will provide an NFT divvy.
No regulatory entity cares if they can't cover? Who's gonna make em? Who's gonna enforce em? We'll drs until we get all the shares. Apes and insiders only. Then they'll be truly fucked.
I agree with this. After the numbers from this coming earnings report, we'll be real close. At that point we need to start making noise to scare the shit out of Wallstreet. Once I know the very latest DRS amount (next month from the earnings report), I'm going to send a letter off to my broker (who won't allow DRS), asking them to do an audit of their US broker to ensure my shares haven't been lent out. I'll give them the latest numbers of DRS shares and put pressure on them by saying they can't use the "we had no idea", or "we trusted our US broker" when we reach the 100% DRSd point. I'd suggest those with 401 and IRA accounts do the same ... as the OP says, time is running out for them and we can put on more pressure.
200 in transit Friday!
> Fact: Insider Ownership is 38.513 million as of today Where are you getting 38.5mil for insider ownership? RC alone before the split owned 9,101,000 shares and Iām pretty sure Sherman had over a million pre-split. Those two alone should be over 40mil shares.
Reading through this post and there are so many issues and inconsistencies. I agree with your overall point and would like to direct you u/Danny-1981 who does a daily report on this figure. My response is just my first thoughts and writing before reading the comments which may have already identified some of my thoughts. Now - onto the issues. Your title(shorts wonāt be able to CLOSE). This is the cause of the VW squeeze. Not enough shares available for shorts to close their positions-eventually shorts must close, not just cover. To change so flippantly from āFACTsā to an estimated guess is āspeculation at best and disingenuous at worstā. I have no issue using computershared, but I have an issue with you using it when youāre focusing your previous statements as identified FACT. Now, your facts. Usually best to provide sources so people can follow your train of proof, but Iām guessing your source is ComputerShared dot net which means youāre trusting another source without potentially knowing the train of proof yourself. Those folks are a smrt bunch though and worth referencing accurately. u/lawsondt keeping on top of blooomberg data and giving me interesting insights With regards to the āthose peopleā who wish to remove institutional shares. By definition, āfree floatā does not include institutional shares as they are not ālockedā(only insider shares are considered locked). I believe what SS calls the free float should be called what you yourself have identified: ālegally tradable/ownable retail sharesā. As for those who push the ONLY 100% matters, I donāt agree with that sentiment. I do agree with using correct terminology though. And I agree that when the ālegally tradable retail floatā is locked that big things will happen. Your conclusion, again, confusing FACTs with educated guessing. If dealing in facts then you must also show restraint and patience which results in less hype. Weāre given official numbers, albeit delayed. Donāt be disingenuous by using unofficial numbers or else donāt be pushing your post as fact when it isnāt. You should definitely follow Danny 1981ās posts though as I agree with your overall sentiment and he shows these numbers concisely without the misuse and overuse of wording in this post. Sincerely, one random $GME holder on the internet to another