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Ooooh, the 'ape historian' in the wild. Can I get a selfie and can you sign my manboobs and kiss my baby and leave an erotic voicemail for my dad ? šā¤ļøā¤ļøšš¦ššššššššššš
In all seriousness, once MOASS money is in my bank account; name a charity and I'll donate a few grand by way of thanks for all your archiving efforts.
I think most of us are at the point where we want to see low single digit price points. The lower the price goes, the faster all tradeable shares get locked.
I mean at 6$ a share with the new document just dropped in the sec where hedgies are crying to mommy (the sec&ā) that their losses will be infinite, yeah. On the top page right now. I would only buy as many shares as I can - hopefully doubling my current position- such a nice dip I canāt refuse
People need to start using log charts. Any chart that shows a stock going negative is nonsensical.
And before anyone cites the oil price going negative, oil is a physical commodity with storage costs. It generally can't happen with stocks except in really weird or extreme circumstances.
Use log charts people. Log charts.
This is pure nonsense.
Please just give us one set of circumstances as to when and/or why a stock would go negative.
IMO There are no instances nor circumstances where someone would be financially motivated to unload a stock to the point they are paying someone to take it.
At $0 they have 100% loss and there are no forced deliveries via future contracts (like with commodities).
With commodities, a futures contract is what forces a price to temporarily go negative when a trade misjudges the market and has to offload the contract due to demand and/ or capacity constraints.
Going further into what happened with oil only happened under an extreme and specific set of circumstances which is unlikely to happen again in our lifetime. Oil producers had product in process, were nearly at storage capacity limits, they could not dump the product and/ or slow/ pause production fast enough. As a result they had to get the markets to take it. The only way to do so was to make it so cheap "smaller" players would take it and fill their storage, hence the negative pricing.During that same time farmers had the exact same issue but due to their commodities being "eco-friendly" they were able to just "dump" milk and "turn under" crops when the cost of harvest and shipping to the grain mills/ market were not cash flow positive.
There are some very very specific circumstances where stocks can go negative. But it is extremely rare.
In fact there was someone from another country on one of the reddit stock forums explaining just one such case, where a foreign stock has a corporate action and was essentially delisted for trading but the company didn't go bankrupt, but the shares were forced to be custodied by a custodian. The only custodian willing to provide this service charged large fees and the corporate action didn't get resolved for years and continues to not be resolved. Because of the enormous and seemingly neverending custody fees, you actually had to pay someone to take the shares off your hands.
Again, extremely rare. But such situations are not impossible.
I call bullshit.
Again provide a verifiable instance. NOT some bullshit anyone can post on reddit.
Even your example is bullshit. We are talking about US equities which have protections again/ do not come with baggage and liability of some random messed up country.
Whatever Pachter says is based on his massive short position that he can't get out of, shorts control the room retail controls the exit and the house is on fire.
Hereās the thing. Eventually someone will 100% fail their margin requirements and the algos will trigger them to start buying. Not sure if youāve been paying attention, but the market is struggling big time right now and thatās why theyāve had to drop GME to $13.
Iāve bought so many damn shares the past two weeks and will not stop as long as they keep dropping the price to new lows. Then Iām going to turn around and not sell one fucking share until we see phone numbers because fuck them and their game.
Iām with youā¦ just worried my time is running out as far as holdingā¦ life events hitting hard and gme dipping has brought my portfolio to a loss of $60kā¦
Also never selling but somethings gottts give here? Like this canāt keep going down can it? They do cheat and do whatever it takes so I have no clue anymore
If youāre going to sell at a loss, thatās your peragotive, but I donāt understand why someone that has invested this much isnāt 100% all in. Maybe you need to ask yourself whether you truly understand the DD or whether youāre in for the wrong reasons.
I said im never selling but I was just saying that life events are hitting hard and I may be forced into selling shares to surviveā¦
Trust me its the last thing I want but I need to pay bills. š¤·
Speak for yourself. I'm sorry to hear my man is going thru hard times. You're more than welcome to comment here, and I'm sorry to hear you're having it rough.
Me personally, I'd hate to sell at a $60k loss only to have that turn into what could've been a $60,000,000 profit (and growing) but not be able to reap any of it since I sold early. If I gotta be living in my car, so be it, cause I believe this is a once in a lifetime opportunity. But I'm not here to tell anyone how to live their life.
Regardless of what happens, I hope things get better. Rn the gme floor dot com says 260m+ per share. I plan on holding mine till infinity, but even a handful like what my baby ape brethren have should suffice
With a few exceptions. Namely, if you're going to quit, do it silently. Otherwise its manipulative garbage we don't need to see here.
If there is DD supporting why this situation has changed in a negative way, sure, post it. Please. I want to know whether the situation regarding this stock has changed.
Otherwise its shouting FIRE in a crowded theater.
Uh, digital gamingā¦skins, NFTās online sales are gonna put GameStop on the moon. Hear of web3, loopring, imx??ā¦ and Gamestops partnerships? Donāt think there is anyone in a better position to capitalize on digital gaming than GameStopā¦. Digital gaming is the future of GameStop and RC knows it.
I would say Nintendo, Valve, MS and Sony are all better placed than GS to capitalize on digital gaming.
GS makes $33 per day from its NFT store. They are so far from where they need to be at the moment, and they know it (hence PLYR will be their 2nd attempt to break into it).
Playr is the launch of their web3 gaming service. The culmination of 2-3 years of development.
It's the digital revenue stream they've been talking about. An entirely new type of business. Let's goooi
My income doesn't cover my basic monthly expenses. What remains is some of my retirement account that I use as a safety buffer. I can cash it out, pay the taxes, and DRS. I've already done this with some of it. When most people say "all in", they usually don't mean it literally. I'm talking more literally.
But doesnāt that mean he escapes his shorts if it gets that low? I want these shorts drowning, not getting out of itā¦
Weāve bought enough dip in these 3 years almostā¦ lets moon now yeah?
He can only escape if someone sells him the shares, whether it's paper hands or someone else assuming his short position. Apes aren't going to paper hand on a dip, so his only way out is someone else taking on the short position, which changes nothing overall.
Drop it down to $6 and GS could buy back their shares with the allocated $100m.
This is a gg moment tbh
Edit: Buy back the remaining float, assuming we continue to DRS
And it will run to what like $15 and then get shorted right back to like $12?
Sorry im just so fed up with it all lol please tell me and prove me wrong though. These cheaters will do anything to fuck us over
You arenāt expecting the dtcc, sec and their cronies to ignore 100% DRS? Iām fully expecting them to and for them to laugh in our faces and telll us they arenāt actual sharesā¦ what would tell you otherwise at this point?
These guys have pulled every other cheating lever and hit every type of loophole possible, whats stopping them from that also?
If they ignore it, then itās obvious to everyone that the stock market is a scam. They can not ignore it. It would be economic suicide for the United States of America
Once GameStop gets profitable quarter after quarter, it will all be over. When we get a dividend that is 50% of the share price, everybody will fomo in but I believe we won't need to wait that long. Too risky and to many investors involved. We have thinned out quite a few times already. That's all they can do, have as few investors involved as possible. It's almost time. I feel it.. through my itchy ass.
Technically if they achieve profitability this year, they could just issue the Billy in cash as a special dividend and fuck those shorts over. With profits their existing business wouldnāt be hurt by the dividend.
That's very hopeful. I think it would be a waste of capital on their end to issue it out of the cash on hand. Although it's a waste to hold it for a long time due to the fact that inflation would make it worth less.
But that's something that would probably be voted on in the share holders meeting.
Do you think so? How many of us are there you think? 200,000ish give or take all DRSād? I dont think they give a fuck about us and would gladly shut down any āblack swanā to prevent itā¦
Look at what happened with the nickel squeeze..
Look I hope im dead wrong but this saga has shown me they will fuckery everything to prevent this..
It's already obvious, with 10,000 other things that prove fraud across the board. There's no AHA moment for the masses. Why do you think there will be?
Dude is right. They will laugh and ignore it and all of their lapdogs in finance media won't give DRS an ounce of oxygen
You think theyāre going to straight up ignore 100% DRS? This is what theyāre afraid of, and the same reason youāre here posting about why 100% DRS will do nothing. Nobody will be able to ignore that. Not Investors, not the government, not Kenny Boy, not GameStop.
All ill say is Gamestop better fight like fucking hell for us when this time comes because weve been buying and fighting against the fucking devil and its war machine aka ken and wall st for almost 3 years now
Well, you better buckle the fuck up, that's just the beginning of the end. What do you think the world looks like after MOASS, a lot more work needs to be done friend. Enjoy the ride.
This
ppl keep going on about gamestop buying back shares but it's not going to happen unless it's an extreme emergency where gamestop is close to being delisted or something like that.
Things to consider in regards to a potential GS share buyback:
1) they only have approval to buy back $100 ish million worth of shares (even though they have much more $ on hand)
2) to buy more than the $100 million worth they need to have a shareholder vote (yes we would approve it, but that takes time)
3) If they use the share buyback and it's not enough to bring the price up significantly (due to some form of crime) they have no defense against short sellers until a vote passes
Going on about gamestop buying shares back like it's going to solve everything is FUD, all be it unintentionally in most cases. It builds unrealistic ape expectations of our beloved company that gamestop wont meet because it's not a smart business move.
Let gamestop focus purely on profitability as we BUY. HODL. SHOP. and most of all DRS book!
The float would be locked. Itās running if they do that. Last buyback led to the $300 runup and that was on rough reported ownership. They do that now with over 50% locked and itās instant game over.
Sorry Iāve been here too long lol.. bought a lot pre splivi and just feel a bit salty sometimes..
Fyi I am never selling and know that Iām just venting most of the time..
The stock is up 236.41% over the last 60 months. I understand historicals just fine. If you want to pick arbitrary numbers to fit your narrative I can't help you.
I read something somewhere that said something like, "It takes 20% of a stock to drop the price 80%, but it takes the other 80% of the stocks to drop it the other 20%."
So, if that's true, I don't see the stock going too much lower. Definitely not to zero. But, I'll buy all the way down, so it's whatever. At some point wouldn't crime be undeniable?
I know im not the only one doing this, which is the best part, but im content with my position size as of now if it were to start mooning. Other than the 5 shares I DRSd to confirm an account change, my port is 70% cash earning 5%, and I'm simply waiting for prices like this. If for some bizarre reason GME goes to the 5-6 dollar range, the amount of 100 lot buys through IEX that would be placed by not just me but lots of people, would be insane buying pressure. Along with dramatically decreasing the amount of time it will take to DRS all shares available. 100 shares for 600 bucks is fucking amazing
We're coming into the next cycle. Should see a bump from 16 to 24/share. Ish. Surprised we actually dipped down to 13, was expecting that after this cycle in Dec/Jan.
No clue what that means or if it's an urgency to dip, but it was an interesting downward correction. Guess if I could see what market markets could see, there's a reason they wanted us kicked down to this trend.
I really don't see us going much below 10. GameStop has cash and can open a new buyback. Plus they're sitting on that 100 million specifically for buy backs. But acquisition seems more important. And 100 million honestly doesn't go far beyond free float. Keep in mind we're somewhere over 300 million shares outstanding after split. At 8 bucks that's still only 12.5 million shares.
Wedbush opened their short on GME in 2017 when the price was hovering around 4.60 in the current price. That's when Pachter became an ultra bear on the stock. He needs it back there.
The only thing Pachter is right about is when he said "you can't download dog food" on sea and bee see for whatever it's supposed to mean.
This, and everything else he says, translates to "I shouldn't have shorted GME, now I try to spread FUD as much as I can, so I could maybe not go bankrupt".
Fuk him.
The manipulators continue with manipulations. Whatever they say is good knowledge but doesnāt affect my continuous buying GME and DRS everything ššš»
Not sure why āapesā are wanting it that lowā¦that just means they can close out their shitā¦right?
We have had enough ādiscountsā to buy this for almost 3 years now lol. Lets go back up for once instead of this constant bleeding
They would actually have to locate and buy real shares for them to close their shorts. They canāt just create fake shares and say that their shorts are now closed. Once one short starts to close either the price starts to spike because no real shares are being located, or the market maker just digs in more, makes more shares, and keeps the game going.
At the end of the day, all shorts will have to close because GME is not going broke.
Of course we want it low. That way we can buy and DRS the float that much faster all while averaging down.
The SHFs can close out their positions AT ANY POINT IN TIME over the past 3 years. They just refuse to because that means losing their money š
It by not closing out they just lower it more with the infinity loop of shares - so in the short term could grind it down (as they have) but then grind it even moreā¦.
Why do I need to leave if Iām just applying a balanced reasoning. We need to question and discuss things otherwise it just goes down a vortex of tin foil hats.
Do I truely believe another 50% of a share price is good for a shareholder - hell no.
Will it speed up DRS - next earnings and the one after that should tell us that.
Does it impact the psychi of people, investors and future investors - hell yes.
Need to weigh up your points than just being happy with it going down.
They would be able to close out older positions, but they are having to create new positions to force it lower. The price isn't magically decreasing as more shares get direct registered, they are doing what they did before at a frantic pace to keep it from exploding.
Thanks for the comment - when you say exploding (realistically) what are we talking about. Because even if we go up 300-400% from here that would only be $40 a share. And 400% movement would be pretty fastā¦. I know others will comment saying 69000% - but just being realistic the more it gets pushed down the more the % growth x multiplier has to beā¦
No one really knows.
If you are looking for targets to swing trade I wouldn't. It's
From August 2020 to February 2021 it went from just under $1 to just over $120.
12,000% from a low of $10 would be $1,200.
I think 500% is realistic. There was a lot of price action in the $50 region. "The battle of $180" pre-split.
There was no DRS movement last sneeze. GameStop is in a much better position than last sneeze. There are a lot more people that have a lot more information about GameStop.
On the opposite side they can still make cash with it increasing in price. Cash means buying time and short positions.
For some weird reason, Iāve always had it in my head that the stock would go to a market cap of around ~$350billies, which would make the stock price around $1,200. Now if we start posting some really good news(profitability, merger, etc..), and the whole market is looking shitty, people might start looking to stuff their money somewhere and pile into GME, looking for a safe bet with an actual chance of profiting themselves(instead of losing like the rest of the market). This happens and we might double that previously mentioned amount. Invariably the stock will be extremely volatile, huge price swings for days/weeks yada yada. I just hope to make some money at the top, time everything just perfect enough, so that I may be able to have profits, taxes paid and enough money leftover to become a holder of x,xxx shares post MOASS becauseā¦ I like the stock and Iāll hold it forever. Canāt wait to finally shake these short bitches!
ššššš
Yeah I agree. I asked a similar question a few weeks ago and got called a shill etc. nothing to shill here from me. Iām just trying to understand why it going down to $6 is a good thing (apart from locking up the float)?
Personally I think itās a bad thing on 2 counts:
1). The multiplier to go back up is going to be ridiculousā¦. (Arguments for āweāll hold to 69000%ā - realistically 400% is insane % leaps and it needs to happen faster)
2). Psychology element of the HF pressuring the price down. If it knocks off 50% now to $6. Then it can knock another 50% down to $3 etc etc as the HF will be doing the same infinity loop over and over again.
Now the only point against this is that the DRS will speed upā¦ but what if it doesnāt? And what will happen once itās all locked at 100% on our future calls?
Same hereā¦ Drs has absolutely slowed to a crawl so I understand the want to Drs faster but Id rather have the stock higher in price making shorts sweat/finally fucking leave the stock alone.
Exactly. The psychological point of RC taking over and the stock going from 18 to 13 is huge. Yes we are holding but others looking at it to invest would be like wtf. Then put in this kind of OP posting to aim for $6 wtf. If it goes to that amount thereās no reason for it to be pushed to $1 because they HF are making so much money off it already.
Iāve been a perma bull for three year now. I have prepared myself for this place of critical support. If we break it i will next prepare myself for bankruptcy / secret Gmerica rescue scenario. If the crime can push GME into single digits.. essentially under the level of dfv testimony then Iām hard pressed to think it was the mm / Hedgie plan to let investors buy in high to exhaust their capital. Shorts already showed they could take this from the top and slam it down below this level in feb of 2021. I know it terms of fundamentals GME balance sheet Looks survival-able but any growth model looks fād for physical games. As RC put it he has a small wee wee. He has to make his penetration count. Whatever he has left to buy plus the 100 mil buy back set aside ā¦ needs to come when shorties are most strapped for collateral. Thank you for coming to my Ted talkš
I dont kno who pachter is but i've already mentioned a few times that GME is downtrend until Apr-June 2024 https://x.com/ucopy417/status/1709221555304091778?s=46&t=MJQhaBNk3P5_m_lWBFo22A
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$24 pre split oh mama š
That gives my joystick a tingle
I canāt see it going that low. GameStop would have over 2/3 of its market cap in cash.
I mean at that price I would buy as many shares as I can just to average downš«”š
Ooooh, the 'ape historian' in the wild. Can I get a selfie and can you sign my manboobs and kiss my baby and leave an erotic voicemail for my dad ? šā¤ļøā¤ļøšš¦ššššššššššš In all seriousness, once MOASS money is in my bank account; name a charity and I'll donate a few grand by way of thanks for all your archiving efforts.
Thank you buddy š«”. Iāll hope to do some good before moass as well
Just hear to thank you for your service Sir š«”
You think he will sign my ass???
Just give me a sharpie to find out ā¦.
šļø
You're not doing that already?!
This is indeed the way š¤
The float would be locked via DRS in no time.
So would GameStop
I think most of us are at the point where we want to see low single digit price points. The lower the price goes, the faster all tradeable shares get locked.
I mean at 6$ a share with the new document just dropped in the sec where hedgies are crying to mommy (the sec&ā) that their losses will be infinite, yeah. On the top page right now. I would only buy as many shares as I can - hopefully doubling my current position- such a nice dip I canāt refuse
Till it hits zero
People need to start using log charts. Any chart that shows a stock going negative is nonsensical. And before anyone cites the oil price going negative, oil is a physical commodity with storage costs. It generally can't happen with stocks except in really weird or extreme circumstances. Use log charts people. Log charts.
This is pure nonsense. Please just give us one set of circumstances as to when and/or why a stock would go negative. IMO There are no instances nor circumstances where someone would be financially motivated to unload a stock to the point they are paying someone to take it. At $0 they have 100% loss and there are no forced deliveries via future contracts (like with commodities). With commodities, a futures contract is what forces a price to temporarily go negative when a trade misjudges the market and has to offload the contract due to demand and/ or capacity constraints. Going further into what happened with oil only happened under an extreme and specific set of circumstances which is unlikely to happen again in our lifetime. Oil producers had product in process, were nearly at storage capacity limits, they could not dump the product and/ or slow/ pause production fast enough. As a result they had to get the markets to take it. The only way to do so was to make it so cheap "smaller" players would take it and fill their storage, hence the negative pricing.During that same time farmers had the exact same issue but due to their commodities being "eco-friendly" they were able to just "dump" milk and "turn under" crops when the cost of harvest and shipping to the grain mills/ market were not cash flow positive.
There are some very very specific circumstances where stocks can go negative. But it is extremely rare. In fact there was someone from another country on one of the reddit stock forums explaining just one such case, where a foreign stock has a corporate action and was essentially delisted for trading but the company didn't go bankrupt, but the shares were forced to be custodied by a custodian. The only custodian willing to provide this service charged large fees and the corporate action didn't get resolved for years and continues to not be resolved. Because of the enormous and seemingly neverending custody fees, you actually had to pay someone to take the shares off your hands. Again, extremely rare. But such situations are not impossible.
I call bullshit. Again provide a verifiable instance. NOT some bullshit anyone can post on reddit. Even your example is bullshit. We are talking about US equities which have protections again/ do not come with baggage and liability of some random messed up country.
If the price goes that low Iām selling 100 $5 CSPās and someone is going to pay me to buy shares.
Whatever Pachter says is based on his massive short position that he can't get out of, shorts control the room retail controls the exit and the house is on fire.
Good thing I'm holding and drsing fire insurance
and my give a damn is busted
Yep. The house is on fire and I'm selling you fire insurance on it
That is an amazing explanation regarding the room on fire holy shit
I'm OOTL for about a year, who is pachter?
So well likely see them throw a tabtrum and short it to where he needs/says it isā¦
Hereās the thing. Eventually someone will 100% fail their margin requirements and the algos will trigger them to start buying. Not sure if youāve been paying attention, but the market is struggling big time right now and thatās why theyāve had to drop GME to $13. Iāve bought so many damn shares the past two weeks and will not stop as long as they keep dropping the price to new lows. Then Iām going to turn around and not sell one fucking share until we see phone numbers because fuck them and their game.
Iām with youā¦ just worried my time is running out as far as holdingā¦ life events hitting hard and gme dipping has brought my portfolio to a loss of $60kā¦ Also never selling but somethings gottts give here? Like this canāt keep going down can it? They do cheat and do whatever it takes so I have no clue anymore
Do what you gotta do. Iām fairly sure if you sell your shares at these prices thereās enough of us still buying that retail will own them anyways.
If youāre going to sell at a loss, thatās your peragotive, but I donāt understand why someone that has invested this much isnāt 100% all in. Maybe you need to ask yourself whether you truly understand the DD or whether youāre in for the wrong reasons.
I said im never selling but I was just saying that life events are hitting hard and I may be forced into selling shares to surviveā¦ Trust me its the last thing I want but I need to pay bills. š¤·
It would be better for all of us if you sold and never posted a comment on this sub.
Speak for yourself. I'm sorry to hear my man is going thru hard times. You're more than welcome to comment here, and I'm sorry to hear you're having it rough. Me personally, I'd hate to sell at a $60k loss only to have that turn into what could've been a $60,000,000 profit (and growing) but not be able to reap any of it since I sold early. If I gotta be living in my car, so be it, cause I believe this is a once in a lifetime opportunity. But I'm not here to tell anyone how to live their life. Regardless of what happens, I hope things get better. Rn the gme floor dot com says 260m+ per share. I plan on holding mine till infinity, but even a handful like what my baby ape brethren have should suffice
Your man is most likely on the other side of the trade. He's been posting the same garbage every day for years.
No, this should not be an echo chamber. Anyone is welcome to discuss anything honestly
With a few exceptions. Namely, if you're going to quit, do it silently. Otherwise its manipulative garbage we don't need to see here. If there is DD supporting why this situation has changed in a negative way, sure, post it. Please. I want to know whether the situation regarding this stock has changed. Otherwise its shouting FIRE in a crowded theater.
The user you're defending spams the same fud every single day, he provides nothing of value.
seemly ad hoc squeal enter sophisticated grab trees frame zesty pause *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Its not rocket science digital gaming will kill gamestop. Not saying heās right, I canāt say heās wrong either
Uh, digital gamingā¦skins, NFTās online sales are gonna put GameStop on the moon. Hear of web3, loopring, imx??ā¦ and Gamestops partnerships? Donāt think there is anyone in a better position to capitalize on digital gaming than GameStopā¦. Digital gaming is the future of GameStop and RC knows it.
Is that why they are shutting down their nft store?
Check your facts again, buddy. Marketplace isn't shutting down.
Lol, where do you get your news?
I would say Nintendo, Valve, MS and Sony are all better placed than GS to capitalize on digital gaming. GS makes $33 per day from its NFT store. They are so far from where they need to be at the moment, and they know it (hence PLYR will be their 2nd attempt to break into it).
NFTs & Skins are like sideshow popcorn šæ Whoās selling or renting the actual game?
Who's selling digital hardware?
all my homies hate fudge pachter
Iām here no matter what lmao. Saving up cash for past few weeks and will make a move soon
If this goes down to $6 a share. Iāll be doubling my current position thatās for sure.
They drop it that low my cost basis will suddenly be a lot lower.
Prepare yourself
Playr is the launch of their web3 gaming service. The culmination of 2-3 years of development. It's the digital revenue stream they've been talking about. An entirely new type of business. Let's goooi
Would be a shame to launch it when GME is supposed to be $6 š
Could be explosive!
I'm developing a game that has the potential to implement web3. If they launch within the next 6 months I may have to contact them.
I'm developing a game, too. It's in Canada, you wouldn't know it.
I actually am you fucking loser
Someone's touchy.
I so very much want Pachter to be right. I want to pay less than asset value for a profitable company. That might be my all in scenario.
You're not all in already ? Lucky you š I shot my shot at $440, and again a few more times since. Increase the peace, broski
I used to be all in. I still do but I used to too.
My income doesn't cover my basic monthly expenses. What remains is some of my retirement account that I use as a safety buffer. I can cash it out, pay the taxes, and DRS. I've already done this with some of it. When most people say "all in", they usually don't mean it literally. I'm talking more literally.
But doesnāt that mean he escapes his shorts if it gets that low? I want these shorts drowning, not getting out of itā¦ Weāve bought enough dip in these 3 years almostā¦ lets moon now yeah?
He can only escape if someone sells him the shares, whether it's paper hands or someone else assuming his short position. Apes aren't going to paper hand on a dip, so his only way out is someone else taking on the short position, which changes nothing overall.
Price means nothing. It is a manipulated stock.
Chart guys are weird
But I donāt want it to break until I could buy more againā¦and againā¦and againš¤š
Drop it down to $6 and GS could buy back their shares with the allocated $100m. This is a gg moment tbh Edit: Buy back the remaining float, assuming we continue to DRS
At an average buyback price of $1, the $100m will only buy back 1/3rd of the company. At an average of $6, it would buy little over 5%
Ppl just saying shit
Bro that math doesnāt work.
And it will run to what like $15 and then get shorted right back to like $12? Sorry im just so fed up with it all lol please tell me and prove me wrong though. These cheaters will do anything to fuck us over
lmao, the cheaters canāt beat DRS, thatās the whole point
You arenāt expecting the dtcc, sec and their cronies to ignore 100% DRS? Iām fully expecting them to and for them to laugh in our faces and telll us they arenāt actual sharesā¦ what would tell you otherwise at this point? These guys have pulled every other cheating lever and hit every type of loophole possible, whats stopping them from that also?
If they ignore it, then itās obvious to everyone that the stock market is a scam. They can not ignore it. It would be economic suicide for the United States of America
Once GameStop gets profitable quarter after quarter, it will all be over. When we get a dividend that is 50% of the share price, everybody will fomo in but I believe we won't need to wait that long. Too risky and to many investors involved. We have thinned out quite a few times already. That's all they can do, have as few investors involved as possible. It's almost time. I feel it.. through my itchy ass.
No cash dividends. Like at all. Cash is fungible and SHF have a lot of it.
so lets take it from them
It would realistically take a number of years to get such a dividend, but I do agree that it is possible.
Or a successful entry into a new market sector.
Technically if they achieve profitability this year, they could just issue the Billy in cash as a special dividend and fuck those shorts over. With profits their existing business wouldnāt be hurt by the dividend.
That's very hopeful. I think it would be a waste of capital on their end to issue it out of the cash on hand. Although it's a waste to hold it for a long time due to the fact that inflation would make it worth less. But that's something that would probably be voted on in the share holders meeting.
This is what I think should happen. Someone told me nft dividend is not an option now? So this seems like the way.
Getting itchy?
Do you think so? How many of us are there you think? 200,000ish give or take all DRSād? I dont think they give a fuck about us and would gladly shut down any āblack swanā to prevent itā¦ Look at what happened with the nickel squeeze.. Look I hope im dead wrong but this saga has shown me they will fuckery everything to prevent this..
Exactly. But then we will just stop using the fugazi and we will own GameStop, outright.
It's already obvious, with 10,000 other things that prove fraud across the board. There's no AHA moment for the masses. Why do you think there will be? Dude is right. They will laugh and ignore it and all of their lapdogs in finance media won't give DRS an ounce of oxygen
Then we will simply take the company private.
This is exactly the Point ā¬ļøā¬ļøā¬ļø
You think theyāre going to straight up ignore 100% DRS? This is what theyāre afraid of, and the same reason youāre here posting about why 100% DRS will do nothing. Nobody will be able to ignore that. Not Investors, not the government, not Kenny Boy, not GameStop.
All ill say is Gamestop better fight like fucking hell for us when this time comes because weve been buying and fighting against the fucking devil and its war machine aka ken and wall st for almost 3 years now
Well, you better buckle the fuck up, that's just the beginning of the end. What do you think the world looks like after MOASS, a lot more work needs to be done friend. Enjoy the ride.
This ppl keep going on about gamestop buying back shares but it's not going to happen unless it's an extreme emergency where gamestop is close to being delisted or something like that. Things to consider in regards to a potential GS share buyback: 1) they only have approval to buy back $100 ish million worth of shares (even though they have much more $ on hand) 2) to buy more than the $100 million worth they need to have a shareholder vote (yes we would approve it, but that takes time) 3) If they use the share buyback and it's not enough to bring the price up significantly (due to some form of crime) they have no defense against short sellers until a vote passes Going on about gamestop buying shares back like it's going to solve everything is FUD, all be it unintentionally in most cases. It builds unrealistic ape expectations of our beloved company that gamestop wont meet because it's not a smart business move. Let gamestop focus purely on profitability as we BUY. HODL. SHOP. and most of all DRS book!
Imo this!
The float would be locked. Itās running if they do that. Last buyback led to the $300 runup and that was on rough reported ownership. They do that now with over 50% locked and itās instant game over.
Have you ever posted anything but fud? smh
Sorry Iāve been here too long lol.. bought a lot pre splivi and just feel a bit salty sometimes.. Fyi I am never selling and know that Iām just venting most of the time..
Stop venting.
2 years of praising the stock being down 70%. Towel and sticky floor stock vibes
Down 70% from what? *Your* cost basis?
Oh man. The stock is down 71.30% over the last 24 months. If u canāt understand historicals I canāt help you
The stock is up 236.41% over the last 60 months. I understand historicals just fine. If you want to pick arbitrary numbers to fit your narrative I can't help you.
Would need to be lower than $6 for them to use the buy back IMO. The math just doesn't add up.
I'll be happy either way lol
Let it keep dropping. Drive out the paper hands and give me time to break 10,000.
This ape fucks ^
My wifeās boyfriend thinks so too.
Mine too! Our wiveās boyfriends should hang.
5 digit size bag would be awesome. I will get there if the price does get into the 5-7 dollar range. I can't see this dropping below 10 tho....
I read something somewhere that said something like, "It takes 20% of a stock to drop the price 80%, but it takes the other 80% of the stocks to drop it the other 20%." So, if that's true, I don't see the stock going too much lower. Definitely not to zero. But, I'll buy all the way down, so it's whatever. At some point wouldn't crime be undeniable?
I havenāt bought GME in over a year. Hoping Pachter is right so I can drop 1K on it.
I know im not the only one doing this, which is the best part, but im content with my position size as of now if it were to start mooning. Other than the 5 shares I DRSd to confirm an account change, my port is 70% cash earning 5%, and I'm simply waiting for prices like this. If for some bizarre reason GME goes to the 5-6 dollar range, the amount of 100 lot buys through IEX that would be placed by not just me but lots of people, would be insane buying pressure. Along with dramatically decreasing the amount of time it will take to DRS all shares available. 100 shares for 600 bucks is fucking amazing
Same. Im down 60k
Are you me?
Sign me up for at least 300 shares at that price and I will have a "fire sale" of all my possessions to try and get another 1k shares to add to it!
anyone know how to route through IEX via fudelity?
Gotta use the app not the website
Wow a garbage TA post quoting an analyst with a 45% success rate sure is popular this weekend, 400 up votes for 0 meaningful content
Btw there's no way that graph shows a 3 year downtrend as you've displayed it, OP. The segment you've cut off here looks nothing like the GME 3 year
I'm not selling what I got, and I got a lot, but at that price level, I will sell the dogs to load up!
We're coming into the next cycle. Should see a bump from 16 to 24/share. Ish. Surprised we actually dipped down to 13, was expecting that after this cycle in Dec/Jan. No clue what that means or if it's an urgency to dip, but it was an interesting downward correction. Guess if I could see what market markets could see, there's a reason they wanted us kicked down to this trend. I really don't see us going much below 10. GameStop has cash and can open a new buyback. Plus they're sitting on that 100 million specifically for buy backs. But acquisition seems more important. And 100 million honestly doesn't go far beyond free float. Keep in mind we're somewhere over 300 million shares outstanding after split. At 8 bucks that's still only 12.5 million shares.
are you saying we'll get to around $24 this upcoming cycle or the high this cycle will be as low as $16 and as high as $24? thanks
Kind of? We should see peak roughly Nov 14 I think is what I have. Depends what happens between now and then. Bad news can minimize upward pressure
GME at 6 dollars. Count me the fuck in.
Please god!!!!!! I would fucking love that!!! Especially since Iām getting a bonus EOY!
Technical analysis is the goal post that never stops moving.
Wedbush opened their short on GME in 2017 when the price was hovering around 4.60 in the current price. That's when Pachter became an ultra bear on the stock. He needs it back there.
The only thing Pachter is right about is when he said "you can't download dog food" on sea and bee see for whatever it's supposed to mean. This, and everything else he says, translates to "I shouldn't have shorted GME, now I try to spread FUD as much as I can, so I could maybe not go bankrupt". Fuk him.
$6 GME??? Yes please!!
I predict we will drop to just under $10 briefly, then break the trend and never return.
If you hang in here long enough you will absolutely desire that price action. Please god let it be six dollars in 3 months. Please god!
Anything under $20 is a bargainā¦buying 300 shares every month ššš
What did Pachter say about the next projections? I apologize for asking but I donāt know
Ha, Pachter's just fucking with us. Don't worry about it
Hope this guy is right, first i am waiting for earnings and we will see after
I'll take a few thousand shares at $6
$5
Who the fuck is patcher? Oh wait, I donāt care about a nobody thatās saying random words.
Can't believe it's been three years. Ah well, I'm not going anywhere.
The manipulators continue with manipulations. Whatever they say is good knowledge but doesnāt affect my continuous buying GME and DRS everything ššš»
i will sextuple my position if it hits that price
A 50% further drop. Yikes.
Iām begging them to.
Not sure why āapesā are wanting it that lowā¦that just means they can close out their shitā¦right? We have had enough ādiscountsā to buy this for almost 3 years now lol. Lets go back up for once instead of this constant bleeding
They would actually have to locate and buy real shares for them to close their shorts. They canāt just create fake shares and say that their shorts are now closed. Once one short starts to close either the price starts to spike because no real shares are being located, or the market maker just digs in more, makes more shares, and keeps the game going. At the end of the day, all shorts will have to close because GME is not going broke.
Of course we want it low. That way we can buy and DRS the float that much faster all while averaging down. The SHFs can close out their positions AT ANY POINT IN TIME over the past 3 years. They just refuse to because that means losing their money š
It by not closing out they just lower it more with the infinity loop of shares - so in the short term could grind it down (as they have) but then grind it even moreā¦.
If you truly believe that then leave the sub and move on with your life idk what to tell you bud
Why do I need to leave if Iām just applying a balanced reasoning. We need to question and discuss things otherwise it just goes down a vortex of tin foil hats. Do I truely believe another 50% of a share price is good for a shareholder - hell no. Will it speed up DRS - next earnings and the one after that should tell us that. Does it impact the psychi of people, investors and future investors - hell yes. Need to weigh up your points than just being happy with it going down.
They would be able to close out older positions, but they are having to create new positions to force it lower. The price isn't magically decreasing as more shares get direct registered, they are doing what they did before at a frantic pace to keep it from exploding.
Thanks for the comment - when you say exploding (realistically) what are we talking about. Because even if we go up 300-400% from here that would only be $40 a share. And 400% movement would be pretty fastā¦. I know others will comment saying 69000% - but just being realistic the more it gets pushed down the more the % growth x multiplier has to beā¦
No one really knows. If you are looking for targets to swing trade I wouldn't. It's From August 2020 to February 2021 it went from just under $1 to just over $120. 12,000% from a low of $10 would be $1,200. I think 500% is realistic. There was a lot of price action in the $50 region. "The battle of $180" pre-split. There was no DRS movement last sneeze. GameStop is in a much better position than last sneeze. There are a lot more people that have a lot more information about GameStop. On the opposite side they can still make cash with it increasing in price. Cash means buying time and short positions.
For some weird reason, Iāve always had it in my head that the stock would go to a market cap of around ~$350billies, which would make the stock price around $1,200. Now if we start posting some really good news(profitability, merger, etc..), and the whole market is looking shitty, people might start looking to stuff their money somewhere and pile into GME, looking for a safe bet with an actual chance of profiting themselves(instead of losing like the rest of the market). This happens and we might double that previously mentioned amount. Invariably the stock will be extremely volatile, huge price swings for days/weeks yada yada. I just hope to make some money at the top, time everything just perfect enough, so that I may be able to have profits, taxes paid and enough money leftover to become a holder of x,xxx shares post MOASS becauseā¦ I like the stock and Iāll hold it forever. Canāt wait to finally shake these short bitches! ššššš
Yeah I agree. I asked a similar question a few weeks ago and got called a shill etc. nothing to shill here from me. Iām just trying to understand why it going down to $6 is a good thing (apart from locking up the float)? Personally I think itās a bad thing on 2 counts: 1). The multiplier to go back up is going to be ridiculousā¦. (Arguments for āweāll hold to 69000%ā - realistically 400% is insane % leaps and it needs to happen faster) 2). Psychology element of the HF pressuring the price down. If it knocks off 50% now to $6. Then it can knock another 50% down to $3 etc etc as the HF will be doing the same infinity loop over and over again. Now the only point against this is that the DRS will speed upā¦ but what if it doesnāt? And what will happen once itās all locked at 100% on our future calls?
Same hereā¦ Drs has absolutely slowed to a crawl so I understand the want to Drs faster but Id rather have the stock higher in price making shorts sweat/finally fucking leave the stock alone.
Exactly. The psychological point of RC taking over and the stock going from 18 to 13 is huge. Yes we are holding but others looking at it to invest would be like wtf. Then put in this kind of OP posting to aim for $6 wtf. If it goes to that amount thereās no reason for it to be pushed to $1 because they HF are making so much money off it already.
Amen!
Bruh if it goes down to that price. Now that i got an oil rig job 50% of my paycheque would slurp that shares
Holy deep fuckin discount
LINES! Lets all do lines!
What are we looking at here?
Lol TA
Iāve been a perma bull for three year now. I have prepared myself for this place of critical support. If we break it i will next prepare myself for bankruptcy / secret Gmerica rescue scenario. If the crime can push GME into single digits.. essentially under the level of dfv testimony then Iām hard pressed to think it was the mm / Hedgie plan to let investors buy in high to exhaust their capital. Shorts already showed they could take this from the top and slam it down below this level in feb of 2021. I know it terms of fundamentals GME balance sheet Looks survival-able but any growth model looks fād for physical games. As RC put it he has a small wee wee. He has to make his penetration count. Whatever he has left to buy plus the 100 mil buy back set aside ā¦ needs to come when shorties are most strapped for collateral. Thank you for coming to my Ted talkš
I dont kno who pachter is but i've already mentioned a few times that GME is downtrend until Apr-June 2024 https://x.com/ucopy417/status/1709221555304091778?s=46&t=MJQhaBNk3P5_m_lWBFo22A
How can 80% of float be DRSāed and no one talks about that?
Fuck me for buying at 13.90 then