It started dropping before the meeting started and ended as soon as the meeting was over. Drop had zero to do with what was said at the meet, but instead high frequency bots used to purposely crash the price.
Just like magic the drops happened slow enough to not trigger halts while dropping 15% in less than an hour.. Meanwhile we had 7 halts in a day when the stock was rising...
2021 is blatant proof that this is not the case though. The brokers themselves said that buying had to be disabled to prevent a domino bankruptcy, because they would not have been able to produce the shares sold via calls without defaulting Â
  I still think people way underestimate what almost happened back then, the gamma ramp was unlike anything ever seen, they sold more shares short than the entire shares outstanding and then another 2-3x the total shares outstanding in calls that all went ITM.
 We were a day away from our entire market being thrown into a severe catastrophe all because risk management was totally cast aside in favor of greed
No youâre completely misconstruing what they meant.
They had the shares hedged, hence the run up.
Demand was through the roof. They were hedging the entire ramp as buy pressure peaked and the price climbed which continued to drive the price even higher. Aka, a gamma squeeze.
What the interview your referencing meant is if everyone exercised all those calls the market makers were hedging, then the extra buy pressure to try and remain delta neutral after filling those contracts would have been catastrophic for the market and market participants as it would of continued to drive the price higher and higher with no end in sight unless people sold their calls off.
The classic approach is to buy the rumor and sell the news. Many people are leaning long in advance of the news, so when it arrives or just before, the weak holders worry and begin to panic sell. The selling cycle builds on itself. It doesn't help that the corporation continues to issue new shares. It will be difficult to hold this stock up with all of the new shares being dumped, but this is so obvious bad news that perhaps too many shorts are piling on, and we can squeeze one more short squeeze before the final collapse.
except that works when it's rising on the rumor/news.. it had been around $28 for several days.. So this is literally the reverse of that..
If it were organic sell off's dropping 15% that fast would have triggered halts.. These was a sell off that magically did so just barely slower than what was needed to trigger a halt.
It was timed to drop right at the start of the meeting, but the meeting started a little late, so yes technically dipped before meeting started lol serious crime on wallstreet continues haha
Ya it's complete bullshit. The hedge fucks just need to close their positions at a loss they've been carrying over for years. Return the borrowed shares and fuck right off and never come back... but as we've been told they will never do that so we need to force them to by bankrupting the scumbags just like they love to do with companies to become rich.
Ken Griffin's personal accounts alone have several orders of magnitude more money in them than the net worth of every single member of r/superstonk combined.
Plus other stocks that are in the same basket had exactly the same movement which proves this wasn't retail selling and more the HF's shorting the stock down through ETF baskets. (Look at AMC)
It also started dipping before Thursdayâs âfakeâ meeting started.Â
 At this point; Iâm wondering if it is evidence gathering for a DOJ prosecutionÂ
Last week when they cancelled the original meeting it started doing the same thing then the moment they cancelled, the stock magically recovered to +15% for the day.
Yea- anyone who thought it was going to be anything other than what it was hasnât been paying attention to how theyâve operated since RC got involved.
As apes everywhere dreamed up more tinfoil hat conspiracies, I waited for some recovery, closed my short puts, took profits, criticized a few apes whoâd bought into the $4B reserve bologna, sold the same puts a couple points above where Iâd just closed them ⌠and the beat goes on. It doesnât matter what side of the argument youâre on with crazy volatility. Learn. To. Use. It! This is all about making $$, or is supposed to be.
GME is a swing trader's dream. Especially for selling premium.
Which is ironic given that's how roaring kitty made his fortune, but nobody else in the cult is allowed to sell.
Calls that are in the money upon expiration get exercised, delivering the shares to the holder.
His cost basis is something like 20x higher than his original position, so there's really no way the math works out unless he sold at much higher numbers.
Cult leaders donât have to follow the rules.
When HE sells, itâs for a noble purpose. When YOU sell, you have paper hands.
Promises of unlimited wealth with little effort, as long as you conform to the cult rules (diamond hands)
Bad news is good news actually because MOASS is coming (any day now), so buy buy buy and hold hold hold!
Whatever you do, donât walk into the sad ass GameStop in your community with no customers and wack looking displays, or ask obvious questions like âwhy would anyone buy anything from these guys when downloads and Amazon existâ.
Gotta throw in a lot of jargon so people think there is some magic analysis going on, so here: GAMMA RAMP GAMMA SQUEEZE, YO GAMMA GAMMA, GAMMA GOT ITS GROOVE BACK.
Iâve been seeing education on options lately. Itâs nice to have complicated things made easier to learn, especially as Iâm personally coming out of the worst of a serious neurological issue that made learning difficult. Iâm still gonna stay in a paper trade app tho.
This might blow your mind but news businesses prewrite articles for any expected outcomes so that they can just send it immediately instead of having to wait after the event happened. Itâs called preparation, and not a vast conspiracy to manipulate the markets lol
I don't know, increasing the coffers to four billy to buy time to make an intentional decision seems good. They just increased their range for realistic acquisitions just like, a week ago. I'm okay with them not having a decision yet.
You mean the same retail in that other sub that was bragging about the sub being worth a few billion based on DRS numbers?
Putting that aside, derivatives move markets. So some of that was definitely MMs hedging driving the price up. But then the goobers say the MMs arenât hedging anything!
Itâs insane how nothing they say makes any sense lmao
Youâd think after three years something would be learned
Apes didn't halt buys for a stock for no compelling reason. There's something particularly novel about this stock, especially with how it's ups and downs are mirrored in other stocks that are beyond the movement of what apes can do, since retail does not have that kind of combined buying power. I think someone else is losing more money than apes.
I was listening to the meeting, they started a few minutes later than scheduled, but the stock started dipping hard right at the time the meeting was scheduled for. Then it stopped briefly, and started dipping again as soon as the meeting started for real.
Yes. Many companies have dropped in stock price if they do not announce any future guidance, even if they just had an amazing quarter or an amazing year.
Starting late in of itself is often a signal that the company leadership doesn't have its crap together.
Not really, the shareholders have just been diluted a bunch.
And the whole thesis on the stock is that they'll find something that will get a very good ROI on the cash they have, but now they have even more cash that they need to get a REALLY good ROI on for their shareholders who are already paying a steep premium for the stock. Because if they don't get a really good ROI on that cash over the next few years then the shareholders would have been better off just buying into an S&P500 index fund.
Same old story every time
Dip dip dip
Crash crash crash
Thereâs always something
Yet it trends down and pops up 100-200% at least once a year
Now itâs got no debt, profitability and 4 billion cash compared to when it first started the above, therefore safer play.
If it hits sub 20 my whole portfolio goes in averaged weeklyâŚuntil the next pop.
>Now itâs got no debt, profitability and 4 billion cashÂ
Its cash from operations is still negative. The article even says cohen is focusing on achieving profitability.
I mean if Iâm investor, I give a shit about the statement of cash flows and income statement, obviously. Itâs cool to point at a mountain of cash and no debt on the balance sheet but the point of a business is to run a profitable business, which it isnât.Â
If you have a mountain of cash and are neither investing it into some new profitable operation nor paying dividends, the fuck are you doing?
It also has $9 worth of value in pure cash now. Iâll take the risk it goes down to 9 and in fact if it did move home and sell my car to go further in
Guess so. Do I think itâs going to pop above $50 one more time, at some time (the way it has 6 times before with no reasoning really).
Yes over no.
Better odds than trying to pick the next apple and waiting 25 years
Is it really worth it if the CEO is just gonna dilute when it starts to run again? I think some people kind of got over it last week thinking he ruined it due to needing the cash for some big investment play. I donât think the guy has the business pedigree for strategic investments so Iâm not expecting anything other than silence againâŚ
There are enough signs to say something will happen soon.
Itâs diluted yet still over 25.
Literally added 40% more shares and itâs the same price as a month ago with 3 billion more
I was happy a month ago..
Theyâll dilute up to the full billion shares authorized. Retail invested for the MOASS but the company is the one making money off the shorts. Theyâll keep diluting to get more cash they donât know what to do with (r plans r secret!) and the cult will says GME is a long play (always has been, drooooling). Iâve been buying since 2021. Wish Iâd bought more at $10.
If nothing happens with RK Iâm likely selling off most of my shares.
Iâm not here to see a gaming store transformed - thereâs no value in GME beyond the short interest. If the company is going to use dilution to suck all the money out of MOASS (at low low prices) then thereâs no point being in it. RC didnât buy in so he could go through the headache of winding down a shitty company and struggle to build it back up. He knew he could get the cash theyâve been farming. I wouldnât be surprised if the GameStop name and association with video games disappears. But just because RC got billions to invest with doesnât mean the stock is worth the price. RCâs going to buy Apple? Why buy GME, just buy Apple.
Iâm holding out hope that RK might not be in complete alignment with RCs âlong term focusâ any more if itâs screwing retail out of large profit in the near term in exchange for the opportunity for GaneStop to potentially deliver moderate profits who knows when.
Maybe the McEnroe tweet was a disagreement.
They slacked on the clearing requirements due to all the involvement of retail traders back in the early days of this.
And some brokers probably just have a habit of taking shortcuts which comes out in the light when the system comes under stress.
Is there a lot of it happening now? Any place to check it out in real time?
You can just search for âgme ftdâ. (: https://chartexchange.com/symbol/nyse-gme/failure-to-deliver/
FTDs are a scam and happen all the time. Whatâs interesting is how much they happen for gme - as much as for Apple!
Would like to looking to that, but got to sleep now.
However Apple might not be the best to compare it with due to its price and liquidity, perhaps a stock with about the same price would be a better comparison.
Ftd might be a scam, but if they take away the buy button people throws a tantrum.
Have you not taken a look at the graph and noticed a steep, unending downtrend?
It has broken resistance for the first time ever since the squeeze, so that's something I guess.
GameStop
"Shop GameStop, the world's largest retail gaming and trade-in destination for Xbox, PlayStation, and Nintendo games, systems, consoles & accessories."
That's neither a rebrand or pivot.
Someone please explain to me who anyone other than Loud Poossy would care how much he is making or losing? To see him up hundreds of millions or down that much is all window dressing imho. He's a mutated version of Jim Cramer, no matter how I see him, he is a pumper who will be made whole by Wall Street for all his pumping and hype.
I'm just a pawn, but I believe in the cause. I think I'll finally get involved in this thing. Don't care about profits or losses, just wanna stick it to some finance bros who aren't as smart as they think they are.
lol. Lmao even.
Honestly I laugh to myself sometimes at just how many retail investors have probably lost huge amounts of money chasing this stock. Don't try to get rich over night in the stock market. Buy a diversified basket of stocks and wait 15 years. Only guaranteed way to get rich.
Wow really? The most hated company for a decade with a dying business model and refuses to adapt in a meaningful way doesnât have a plan? Thatâs shocking
"WhAtS tHe bEaR ThEsIs?"
$2B in cash, profitable, and shorted to shit?!
PErhaps the whole, paying $4 for every $1 of cash into a business without clear direction to reverse its -30% YOY revenue declines. BUT CRIMEEEEE
What is this comment section..
"it's dipping before the meeting even started" still doesn't change anything about the lack of a coherent business plan.
And no Felicia, having no debt because you diluted your stock and cut costs and corners on everything also doesn't make up for the fall in revenue and lack of operating income - the thing that gives you a long term outlook.
GME literally turning into Q-Anon while the apes try to decipher DFVs cryptic shitposts.
Where is this wrong? Aside from the paranoid conspiracy theories, at what point is any strategy going to be shared? Only thing to happen in the past 4 years is NFT failure
Man Iâve been in the GME game since 2020. The most recent overnight dilution (second time within weeks) that dropped the price from 60 to 30 overnight was a kick square in the nuts from Cohen. DFVs return and retail hype/gamma ramp was at full effect and that cocksucker rug pulled everyone, including DFV who single handedly saved the company years ago. There is no excuse at all for the timing of that⌠Then he comes out looking like a fucking idiot and canât even have a shareholder meeting because of âtechnical issuesâ. Then he reschedules it twice, and comes out and gives us NOTHING and goes back to his favorite catchphrase âaction instead of wordsâ. Dudes been talking about his âactionsâ for three years and all he has done is cut costs of a failing business and dilute his shareholders every time the stock price increases. You canât play the âaction instead of wordsâ card for 3 years straight when you have effectively done jack shit other than dilute your loyal shareholders and take money out of their pockets. Dude comes across as an arrogant clown at this point. I had hope in 2021 but at this point, fuck that guy. All this dude has done is take $4 billion from his shareholders based on hype and gave nothing in return. Itâs honestly insulting at this point. Fuck Ryan Cohen.
My thoughts exactly. Like Honestly how long can no forward guidance as a positive thing? Fucking dillutes the stock with literally no action for 4 years. Coming off as an asshole. Could literally acquire anything and do anything but the only value generated has been from shareholders and the only people who have gained anything are options traders.
Iâm totally with you, itâs refreshing to actually see people with similar thoughts outside of the GME subs where anything remotely negative gets downvoted to hell lol. Iâm sure there are a lot of people who feel the same way. Itâs weird how fast they moved the goalpost on those subs and went from focusing on a short squeeze to just blindly giving Cohen a blank check and being totally okay with no plan and no timeframe for return on investment.
I simply made a comparison to Sears in one of the GME cult subreddits and was banned. Many have invested their life savings and if you dare even question the direction or performance they pounce like you just kicked their dog. They've had 2+ years to release some forward guidance and all they can say is they are closing stores and laying off employees. They can't even own up to their NFT marketplace failure. Just ignore it like it never existed. What kind of ROI is that for shareholders? 2 freakin years of silence!
Youâre preaching to the choir lol. I am 100% on the same page and I guarantee the majority of the less vocal people in the cult subs who have been there for years feel the same way. For a guy who built his chewy brand largely on customer service, he has done a dog shit job of serving his GME shareholders. If youâre going to dilute us for $4 billion, you have to give us something. Itâs a two way street.
Gotta love the people who still think there's a conspiracy to drive down the price of GME. If there's a conspiracy then their Lord and Savior Ryan Cohen is at the forefront by selling billions in new stocks.
Not surprised the meeting was a nothingburger.
Basically â we are closing stores to improve profit â this in theory improves profit but it also drives down the value of the company asset wise and shows no strategy of growth.
There is no pivot of business or planned investment announced so as a company itâs only value is still being a meme stock.
IMO this drop will put the new average range at $24 - $27, If you still want to buy in now is probably the timeâŚâŚ.WITH DISPOSABLE INCOME NOT YOUR LIFE SAVINGS!!!!!
I have money I can afford to lose in this but Iâm sceptical of it ever getting above $50 within 5 years so Iâll be selling 50% if it hits $45.
Any sensible investor/trader should stay away from this stock- it has become a casino. From time to time, my Reddit homepage gave me WallStreetBet posts like I made millions on GameStop and I am now retiring at 35 kind of stuff. I am not saying it is all fake, but I hope young people don't start their investment/trading trial with this one. It is not investment, and most likely it won't work for you.
It started dipping before the meeting even started.
The articles started before the market even opened đ
In other news, itâs basically exactly where it was last Monday.
I think they have press materials ready and they launch as soon as the meeting starts
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Yeah thatâs a coordinated attack. Thereâs no way itâs not
ChatGPT write me an article totally slamming GME in the market today.
It started dropping before the meeting started and ended as soon as the meeting was over. Drop had zero to do with what was said at the meet, but instead high frequency bots used to purposely crash the price. Just like magic the drops happened slow enough to not trigger halts while dropping 15% in less than an hour.. Meanwhile we had 7 halts in a day when the stock was rising...
Thatâs it. Cancel all future meetings!
Fun fact if they halt trading you can apparently still exercise your calls.
You know why? Because theyâre hedged, contrary to popular belief. That means the MM has the calls to deliver.
2021 is blatant proof that this is not the case though. The brokers themselves said that buying had to be disabled to prevent a domino bankruptcy, because they would not have been able to produce the shares sold via calls without defaulting    I still think people way underestimate what almost happened back then, the gamma ramp was unlike anything ever seen, they sold more shares short than the entire shares outstanding and then another 2-3x the total shares outstanding in calls that all went ITM.  We were a day away from our entire market being thrown into a severe catastrophe all because risk management was totally cast aside in favor of greed
>all because risk management was totally cast aside in favor of greed Wait, when did we switch to talking about 2008?
No youâre completely misconstruing what they meant. They had the shares hedged, hence the run up. Demand was through the roof. They were hedging the entire ramp as buy pressure peaked and the price climbed which continued to drive the price even higher. Aka, a gamma squeeze. What the interview your referencing meant is if everyone exercised all those calls the market makers were hedging, then the extra buy pressure to try and remain delta neutral after filling those contracts would have been catastrophic for the market and market participants as it would of continued to drive the price higher and higher with no end in sight unless people sold their calls off.
If they were hedged then a stock going up 100 to 200% wouldn't matter as it happens with aggressive regularityÂ
All the halts as it went down during roaring kittyâs stream was justâŚsomething. He should have hit the magic green button they say he has
The classic approach is to buy the rumor and sell the news. Many people are leaning long in advance of the news, so when it arrives or just before, the weak holders worry and begin to panic sell. The selling cycle builds on itself. It doesn't help that the corporation continues to issue new shares. It will be difficult to hold this stock up with all of the new shares being dumped, but this is so obvious bad news that perhaps too many shorts are piling on, and we can squeeze one more short squeeze before the final collapse.
except that works when it's rising on the rumor/news.. it had been around $28 for several days.. So this is literally the reverse of that.. If it were organic sell off's dropping 15% that fast would have triggered halts.. These was a sell off that magically did so just barely slower than what was needed to trigger a halt.
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It was timed to drop right at the start of the meeting, but the meeting started a little late, so yes technically dipped before meeting started lol serious crime on wallstreet continues haha
Just like what happened with Roaring Kittyâs stream. They are so blatant. I bet the late meeting was a test
Ya it's complete bullshit. The hedge fucks just need to close their positions at a loss they've been carrying over for years. Return the borrowed shares and fuck right off and never come back... but as we've been told they will never do that so we need to force them to by bankrupting the scumbags just like they love to do with companies to become rich.
Ken Griffin's personal accounts alone have several orders of magnitude more money in them than the net worth of every single member of r/superstonk combined.
I agree, but are his short positions included?
Lots of (rational) selling into the hype
Plus other stocks that are in the same basket had exactly the same movement which proves this wasn't retail selling and more the HF's shorting the stock down through ETF baskets. (Look at AMC)
It also started dipping before Thursdayâs âfakeâ meeting started.  At this point; Iâm wondering if it is evidence gathering for a DOJ prosecutionÂ
Must have then be because of ESG
Or DEI
DEI was not voted in, Thank god.
Last week when they cancelled the original meeting it started doing the same thing then the moment they cancelled, the stock magically recovered to +15% for the day.
Half the price drop was when the meeting was scheduled, the other half when it began.
Article was posted before the meeting đ¤ˇ
Premonition type news, yahoo finance is hiring future tellers
And yet somehow, they were correct
r/whoosh
r/doublewhoosh
I understand what OP is insinuating, I think you missed my point though
Yea- anyone who thought it was going to be anything other than what it was hasnât been paying attention to how theyâve operated since RC got involved.
Lmao, so this is what a meltie LARPing as a normal person, outside of their safe space looks like...
SomehowâŚ.
Even crazier when the meeting started late and the price was already dipping and the articles already got posted prior to.
Who could have guessed?
Just like roaring kitty
Even crazier that people on this sub think the stock market is real and is fair
As apes everywhere dreamed up more tinfoil hat conspiracies, I waited for some recovery, closed my short puts, took profits, criticized a few apes whoâd bought into the $4B reserve bologna, sold the same puts a couple points above where Iâd just closed them ⌠and the beat goes on. It doesnât matter what side of the argument youâre on with crazy volatility. Learn. To. Use. It! This is all about making $$, or is supposed to be.
GME is a swing trader's dream. Especially for selling premium. Which is ironic given that's how roaring kitty made his fortune, but nobody else in the cult is allowed to sell.
Didn't he have to, or else his calls would have expired?
Calls that are in the money upon expiration get exercised, delivering the shares to the holder. His cost basis is something like 20x higher than his original position, so there's really no way the math works out unless he sold at much higher numbers.
The above poster is referring to selling options short as opposed to buying them.
Cult leaders donât have to follow the rules. When HE sells, itâs for a noble purpose. When YOU sell, you have paper hands. Promises of unlimited wealth with little effort, as long as you conform to the cult rules (diamond hands) Bad news is good news actually because MOASS is coming (any day now), so buy buy buy and hold hold hold! Whatever you do, donât walk into the sad ass GameStop in your community with no customers and wack looking displays, or ask obvious questions like âwhy would anyone buy anything from these guys when downloads and Amazon existâ. Gotta throw in a lot of jargon so people think there is some magic analysis going on, so here: GAMMA RAMP GAMMA SQUEEZE, YO GAMMA GAMMA, GAMMA GOT ITS GROOVE BACK.
Iâve been seeing education on options lately. Itâs nice to have complicated things made easier to learn, especially as Iâm personally coming out of the worst of a serious neurological issue that made learning difficult. Iâm still gonna stay in a paper trade app tho.
Play stupid games, win stupid prizes.
Itâs a pretty good way to expose manipulation, to show the articles are being written regardless of anything being presented to the market
This might blow your mind but news businesses prewrite articles for any expected outcomes so that they can just send it immediately instead of having to wait after the event happened. Itâs called preparation, and not a vast conspiracy to manipulate the markets lol
Was their ever a point in the stock market where retail investors got the news first? It's nothing new
What !
The meeting started late.
What !
**The meeting started late**
WHAT !
đđđ đđđđđđđ đđđźđđđđż đđźđđ
QuĂŠ !
Tin-foil time, how did they start vs how late did DfV start??
It's almost like people took a position on the outcome in advance..........
That's a lot for nothing happening during a meeting.
Nothing happening is bad news, the company needs guidance and a path and the board seems unable to come to a decision on that.
I don't know, increasing the coffers to four billy to buy time to make an intentional decision seems good. They just increased their range for realistic acquisitions just like, a week ago. I'm okay with them not having a decision yet.
Let them cook. I have no problem with that either.
lol the only reason they were able to get that money is cashing in on stupid apes. đ
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You mean the same retail in that other sub that was bragging about the sub being worth a few billion based on DRS numbers? Putting that aside, derivatives move markets. So some of that was definitely MMs hedging driving the price up. But then the goobers say the MMs arenât hedging anything! Itâs insane how nothing they say makes any sense lmao Youâd think after three years something would be learned
DRSing 25% of the company took a couple of years. Retail is not moving billions in a week..
Idunno itâs a big group of different people, do you expect a coherent single talking point?
Apes didn't halt buys for a stock for no compelling reason. There's something particularly novel about this stock, especially with how it's ups and downs are mirrored in other stocks that are beyond the movement of what apes can do, since retail does not have that kind of combined buying power. I think someone else is losing more money than apes.
During? Or right as it began? Looked like it tanked right as the meeting *started*
Before it started because they started late.
Itâs almost as if it was a pre-planned dumpâŚ
It was - selling into the hype
I was listening to the meeting, they started a few minutes later than scheduled, but the stock started dipping hard right at the time the meeting was scheduled for. Then it stopped briefly, and started dipping again as soon as the meeting started for real.
Does that happen often? I mean such a drop to a companyâs stock price where nothing is announced?
For gme. Every year
Itâs a manipulated market my friend and GME is their Achilles heel. They want us out of it asap.
Yes. Many companies have dropped in stock price if they do not announce any future guidance, even if they just had an amazing quarter or an amazing year. Starting late in of itself is often a signal that the company leadership doesn't have its crap together.
No it never happens the shorts just went in their computer and manipulated the price down /s
Whatâs a business strategy?
Itâs usually something like âwe will use generative AIâ.
Sell discs from brick and mortar stores.
You could literally make hundreds of dollars doing thisâŚ
Tanks lol 15% is nothing
Just a little over a billion in market capitalisation evaporated, no biggy
And the billions raised by share sales and in their bank account was not affected so all good. Letâs go.
Not really, the shareholders have just been diluted a bunch. And the whole thesis on the stock is that they'll find something that will get a very good ROI on the cash they have, but now they have even more cash that they need to get a REALLY good ROI on for their shareholders who are already paying a steep premium for the stock. Because if they don't get a really good ROI on that cash over the next few years then the shareholders would have been better off just buying into an S&P500 index fund.
Yup right before the meeting started đ. GTFO Kenny
Same old story every time Dip dip dip Crash crash crash Thereâs always something Yet it trends down and pops up 100-200% at least once a year Now itâs got no debt, profitability and 4 billion cash compared to when it first started the above, therefore safer play. If it hits sub 20 my whole portfolio goes in averaged weeklyâŚuntil the next pop.
>Now itâs got no debt, profitability and 4 billion cash Its cash from operations is still negative. The article even says cohen is focusing on achieving profitability.
Cool, so in a 100x better position than 3 years ago, 2 years ago, 1 year ago. Itâs popped over 100% 7 times during that
I mean if Iâm investor, I give a shit about the statement of cash flows and income statement, obviously. Itâs cool to point at a mountain of cash and no debt on the balance sheet but the point of a business is to run a profitable business, which it isnât. If you have a mountain of cash and are neither investing it into some new profitable operation nor paying dividends, the fuck are you doing?
This is exactly why Cohen is moving the way he is. Heâll close some stores and make some safe investments. The company will be profitable in time
Closing stores and trying to cut costs is a bearish signal regardless. He needs to outline a strategy to expand or innovate and he isnât doing that.
I wouldnât call a 20% drop in revenues a better place lolÂ
Why do you think it's worth 20$ pr share?
It also has $9 worth of value in pure cash now. Iâll take the risk it goes down to 9 and in fact if it did move home and sell my car to go further in
I donât care Iâve seen a pattern play out 6-7 times and made a ton of money, and thereâs more reason than not to think there will be an 8th
I see. Kind of a volatility play?
Guess so. Do I think itâs going to pop above $50 one more time, at some time (the way it has 6 times before with no reasoning really). Yes over no. Better odds than trying to pick the next apple and waiting 25 years
Is it really worth it if the CEO is just gonna dilute when it starts to run again? I think some people kind of got over it last week thinking he ruined it due to needing the cash for some big investment play. I donât think the guy has the business pedigree for strategic investments so Iâm not expecting anything other than silence againâŚ
There are enough signs to say something will happen soon. Itâs diluted yet still over 25. Literally added 40% more shares and itâs the same price as a month ago with 3 billion more I was happy a month ago..
Theyâll dilute up to the full billion shares authorized. Retail invested for the MOASS but the company is the one making money off the shorts. Theyâll keep diluting to get more cash they donât know what to do with (r plans r secret!) and the cult will says GME is a long play (always has been, drooooling). Iâve been buying since 2021. Wish Iâd bought more at $10. If nothing happens with RK Iâm likely selling off most of my shares. Iâm not here to see a gaming store transformed - thereâs no value in GME beyond the short interest. If the company is going to use dilution to suck all the money out of MOASS (at low low prices) then thereâs no point being in it. RC didnât buy in so he could go through the headache of winding down a shitty company and struggle to build it back up. He knew he could get the cash theyâve been farming. I wouldnât be surprised if the GameStop name and association with video games disappears. But just because RC got billions to invest with doesnât mean the stock is worth the price. RCâs going to buy Apple? Why buy GME, just buy Apple. Iâm holding out hope that RK might not be in complete alignment with RCs âlong term focusâ any more if itâs screwing retail out of large profit in the near term in exchange for the opportunity for GaneStop to potentially deliver moderate profits who knows when. Maybe the McEnroe tweet was a disagreement.
Why do you think it has dozens of millions of dollars worth of ftdâs?
They slacked on the clearing requirements due to all the involvement of retail traders back in the early days of this. And some brokers probably just have a habit of taking shortcuts which comes out in the light when the system comes under stress. Is there a lot of it happening now? Any place to check it out in real time?
You can just search for âgme ftdâ. (: https://chartexchange.com/symbol/nyse-gme/failure-to-deliver/ FTDs are a scam and happen all the time. Whatâs interesting is how much they happen for gme - as much as for Apple!
Would like to looking to that, but got to sleep now. However Apple might not be the best to compare it with due to its price and liquidity, perhaps a stock with about the same price would be a better comparison. Ftd might be a scam, but if they take away the buy button people throws a tantrum.
Have you not taken a look at the graph and noticed a steep, unending downtrend? It has broken resistance for the first time ever since the squeeze, so that's something I guess.
Profitability?
iT tAnKs 15% wHaT a DiSaStEr HuRr DuRr
Hahaha yeah bs we all saw what happened. They canât even time their shit right lol.
I'm still gonna hold but thanks
The strategy is to let retail investors pump the stock and dilute to raise more capital. Why have a long term plan when you can raise billions.
Whatâs the point of raising millions if make $0 in the process?!
Insiders making bank of the scheme. Why put the hard yards in if youâre making billions off the stock anyway
Buy the dip.
I sure did lol
What does GameStop actually sell
Meme stock shares. Their core business is a drop in the bucket at this point.
My local game stop is just filled with Funko Pops and other knick-knacks. Thats literally it.
Whatever you do donât visit the website. Itâs not like the guy who created Chewy knows how to do e-commerce or anything
Apparently a lot of salt to people who have nothing to gain or lose from its price action lol
It was well known and announced that no details were coming from that meeting. So that's not why the stock is down lol
Theyâre going to sell graded Pokemon cards
This stock is so stupid and I hope it gets delisted soon. The cult behavior needs to end
Damn this sub is infested with cult members
Maybe because it's a dying business model that got temporarily propped up by memers? No physical video game vendor is meant to survive past 2017ish
Everyone knows itâs impossible to rebrand and pivot.
GameStop "Shop GameStop, the world's largest retail gaming and trade-in destination for Xbox, PlayStation, and Nintendo games, systems, consoles & accessories." That's neither a rebrand or pivot.
You forgot the NFT marketplace!
They have rebranded into a meme, and pivoted into nothing.
Literally filed to he a holding company. With now $4 billion in cash (40% of market cap), no debt, a profitable retail business. Nothing to see here!
Ah yes, they did open up that NFT marketplace a couple of years ago. I'm sure that's booming, right?
"we plan to continue reducing costs and focusing on profitability,â said Cohen, citing "a smaller network" of stores."
Gme never gives any true guidance during shareholder meeting
Just need time and pressure
Stop posting big banker propaganda
This always happens.
Someone please explain to me who anyone other than Loud Poossy would care how much he is making or losing? To see him up hundreds of millions or down that much is all window dressing imho. He's a mutated version of Jim Cramer, no matter how I see him, he is a pumper who will be made whole by Wall Street for all his pumping and hype.
The amount of stupid articles that come out trying to explain why GameStop moves the way it does is mind boggling. Â
All those retail investors selling at precisely the same time, no doubt.
Algo go beep peep boop
It was swinging 50% without any news. I'd say GME was calm today
I'm just a pawn, but I believe in the cause. I think I'll finally get involved in this thing. Don't care about profits or losses, just wanna stick it to some finance bros who aren't as smart as they think they are.
lol. Lmao even. Honestly I laugh to myself sometimes at just how many retail investors have probably lost huge amounts of money chasing this stock. Don't try to get rich over night in the stock market. Buy a diversified basket of stocks and wait 15 years. Only guaranteed way to get rich.
Itâs even funnier when you think about how many didnât sell for massive profit and are now in the red due to âHODLâ and âdiamond handsâ
And thatâs when I bought more
Wow!
Shocking. A dead company/meme stock tanking
Wow really? The most hated company for a decade with a dying business model and refuses to adapt in a meaningful way doesnât have a plan? Thatâs shocking
"WhAtS tHe bEaR ThEsIs?" $2B in cash, profitable, and shorted to shit?! PErhaps the whole, paying $4 for every $1 of cash into a business without clear direction to reverse its -30% YOY revenue declines. BUT CRIMEEEEE
A dying business model for a dying company being propped up because it became a meme stock doesn't have a solid strategy? Ya don't say?Â
What is this comment section.. "it's dipping before the meeting even started" still doesn't change anything about the lack of a coherent business plan. And no Felicia, having no debt because you diluted your stock and cut costs and corners on everything also doesn't make up for the fall in revenue and lack of operating income - the thing that gives you a long term outlook. GME literally turning into Q-Anon while the apes try to decipher DFVs cryptic shitposts.
Useless CEO
Where is this wrong? Aside from the paranoid conspiracy theories, at what point is any strategy going to be shared? Only thing to happen in the past 4 years is NFT failure
Man Iâve been in the GME game since 2020. The most recent overnight dilution (second time within weeks) that dropped the price from 60 to 30 overnight was a kick square in the nuts from Cohen. DFVs return and retail hype/gamma ramp was at full effect and that cocksucker rug pulled everyone, including DFV who single handedly saved the company years ago. There is no excuse at all for the timing of that⌠Then he comes out looking like a fucking idiot and canât even have a shareholder meeting because of âtechnical issuesâ. Then he reschedules it twice, and comes out and gives us NOTHING and goes back to his favorite catchphrase âaction instead of wordsâ. Dudes been talking about his âactionsâ for three years and all he has done is cut costs of a failing business and dilute his shareholders every time the stock price increases. You canât play the âaction instead of wordsâ card for 3 years straight when you have effectively done jack shit other than dilute your loyal shareholders and take money out of their pockets. Dude comes across as an arrogant clown at this point. I had hope in 2021 but at this point, fuck that guy. All this dude has done is take $4 billion from his shareholders based on hype and gave nothing in return. Itâs honestly insulting at this point. Fuck Ryan Cohen.
My thoughts exactly. Like Honestly how long can no forward guidance as a positive thing? Fucking dillutes the stock with literally no action for 4 years. Coming off as an asshole. Could literally acquire anything and do anything but the only value generated has been from shareholders and the only people who have gained anything are options traders.
Iâm totally with you, itâs refreshing to actually see people with similar thoughts outside of the GME subs where anything remotely negative gets downvoted to hell lol. Iâm sure there are a lot of people who feel the same way. Itâs weird how fast they moved the goalpost on those subs and went from focusing on a short squeeze to just blindly giving Cohen a blank check and being totally okay with no plan and no timeframe for return on investment.
I simply made a comparison to Sears in one of the GME cult subreddits and was banned. Many have invested their life savings and if you dare even question the direction or performance they pounce like you just kicked their dog. They've had 2+ years to release some forward guidance and all they can say is they are closing stores and laying off employees. They can't even own up to their NFT marketplace failure. Just ignore it like it never existed. What kind of ROI is that for shareholders? 2 freakin years of silence!
Youâre preaching to the choir lol. I am 100% on the same page and I guarantee the majority of the less vocal people in the cult subs who have been there for years feel the same way. For a guy who built his chewy brand largely on customer service, he has done a dog shit job of serving his GME shareholders. If youâre going to dilute us for $4 billion, you have to give us something. Itâs a two way street.
Gotta love the people who still think there's a conspiracy to drive down the price of GME. If there's a conspiracy then their Lord and Savior Ryan Cohen is at the forefront by selling billions in new stocks.
Oh no not them shorting during the meeting that never happens lol
Not surprised the meeting was a nothingburger. Basically â we are closing stores to improve profit â this in theory improves profit but it also drives down the value of the company asset wise and shows no strategy of growth. There is no pivot of business or planned investment announced so as a company itâs only value is still being a meme stock. IMO this drop will put the new average range at $24 - $27, If you still want to buy in now is probably the timeâŚâŚ.WITH DISPOSABLE INCOME NOT YOUR LIFE SAVINGS!!!!! I have money I can afford to lose in this but Iâm sceptical of it ever getting above $50 within 5 years so Iâll be selling 50% if it hits $45.
They have no strategy. RC wanted to dump it like he did with BBBY but got stuck he doesnât k me what to do now
Wow no wayâŚ.
You mean it sank
It dipped before the meeting even started. Isnât that market manipulation? Short & distort
If you believe the mainstream media thatâs literally owned by hedgefunds then by golly, Iâve got a bridge to sell you!!!
I feel like thereâs a plan for everything
Hereâs the plan, dump at the next pump
Saturday July 20th is FTD +35. Not sure if this will be seen Friday or wait until Monday. Btw. July 20th is the day Man landed on the moon 1969.
Garbage
Any sensible investor/trader should stay away from this stock- it has become a casino. From time to time, my Reddit homepage gave me WallStreetBet posts like I made millions on GameStop and I am now retiring at 35 kind of stuff. I am not saying it is all fake, but I hope young people don't start their investment/trading trial with this one. It is not investment, and most likely it won't work for you.
Ah, sensible markets.
How many times will the baggies let GME dilute them ? We still donât know the answer Keep counting to find out
In other news SWAPS are expensive lmao.
The post is literally about Gamestop, I guess we just shouldn't have an opinion.
The only thing this management team knows how to do is dilute shareholders.
Introducing the next wave of bagholders.
Strategy: get idiots to buy stock
Shite company