Posted on 04/29/2021 6:25:13 AM PDT by FreeAtlanta
Hello FRiends!
I started following the GME - Game Stop - saga back in February. I missed the early boat - <10 per share, but my millennial age son talked me into buying a share. I was hooked as I "averaged down" from my first around 300 to several when it dropped below 50.
It didn't make sense. Why buy a stock that kept going down? Why buy a stock that every online financial article and tv finance station said to sell? (Trump is done, Biden/Hillary, etc are inevitable) They all said, congratulations to the "retail" (populist), now it is over.
The daily attacks from the media and online shills (trolls) have been relentless. The elite, law breaking establishment used every dirty tactic in their play book to drive the price down such as ladder attacks and counterfeit shares (ballot box stuffing, Dominion/Smartmatick vote tampering).
The retailers (populist) feel a sense of unity regardless of political background. It is them against the big, elite machine. There is a lot of hopium (our post election dream of overturning the stolen election). There is a LOT of distrust and fear of the law breaking government entities like the SEC (FEC, Judicial Branch, FBI) and elite, powerful hedge funds and banks.
A lot of votes have been created for shorting and driving down the price. They are called naked shorts and traded in mysterious dark pools (Dominion black box voting) that retail (populist) don't have access to.
Game Stop has now called for a stock vote. They have new leadership lead by wealthy Chewy.com co-founder Ryan Cohen. They paid off all their debt a year early and now have 500 million in cash. They can issue a dividend which will likely break the banks and hedgefunds that have the fake shares... if the SEC and DTCC play fair.
The vote has the "apes" (populist) excited. They are turning in their proxy votes in mass (election). They actually hope that more votes will get turned in than were issued by Game Stop thus exposing the wild shorting that has happened and hope that this helps to trigger a margin call.
Meanwhile, shills, media and friends and neighbors who have fallen for the shills and media big lie (didn't research election and only believe media and big tech) all tell us it is over. Give up. We are insurrectionists.
The parallels are striking. The battle is on going (Maricopa audit, other states auditing).
Game Stop fans refuse to go away. Currently, the share price is around 180. The "I like the stock" apes say that is a bargain. They say, "even without the squeeze, the moves Game Stop is making should make the stock worth more than 1,000 per share".
I just like the stock. I just like Donald Trump.
Finally, the hedge funds (elite oligarchy) hoped to bankrupt and destroy Game Stop (Trump), but it didn't and isn't going to happen. Game Stop (Trump) will only be more powerful in the future.
Be cautious of a pump ‘n dump.
GME isn’t a pump and dump.
Regardless of whether it squeezes, the changes being made are dramatic. The loyalty and love they are generating with the young gaming crowd is stunning.
Their next earnings report will be huge.
It is now a good stock and solid company. They are adding gaming pcs and components, price matching, and are getting into elite gaming competition centers. They are also testing within hours delivery using uber eats style model.
They have definitely have left the pump and dump category.
GME & Trump should not be lumped together.
The parallels between the manipulation by the elite oligarchy is what I am comparing.
Love it. Even if GME was totally valueless and a useless company, investors (if they can) need to support this as a screw you to the hedgies.
“GME isn’t a pump and dump.”
I’m not saying that. Just saying that it’s a juicy target for a pump ‘n dump.
Someone with throw-away money could do this as a spank down against common investors to teach them a lesson not to mess with Wall Street.
Something is cooking.
Reports are that Fidelity has picked up 10 million accounts transferring shares from Robin Hood. To be worth transferring, you probably have more than a share or two, many had xx and xxx shares.
There are only 71 million official Game Stop shares. A lot are locked up in “institutional” accounts that can’t be easily traded out.
What if retail somehow has more shares than actually exist? This means someone has sold multiple copies of shares. They have to be bought back and consolidated. What if not enough “apes” are willing to sell? What if they “HODL” Hold with “Diamond Hands”?
That would be interesting, right?
If the hedge funds have truly gotten out of it, then the damage inflicted in January alone was worth it. If the hedge funds were arrogant and stupid enough to underestimate a generation of gamers who grew up picking at a rock all day to level up, oops. They wanted to drive GME into bankruptcy and walk away with 100% profit. They had done it many times to other companies. It was a set formula... until, it wasn't. They should have gotten out when it was <20 and taken the loss ... but it looks like the narcissists may have double and tripled and more down. I get most of my news on it on a sub red*dit r/superStonk and some from r/GME - I know red^dit is not liked here, and I understand. Fortunately, these two subs have nearly no politics and very little in fighting. There is a LOT of good DD (Due Diligence) on those subs.
Apples and kumquats.
Not even oranges.
“Picking at a rock all day to level up”
👍
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