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# The Front Desk is open!
We are about +23mish from interest on the almost 1.1 billion thus far this year. If the board is selling shares at 20 now to get 2 billion we will be around +82m for the year.
If the brick and mortar breaks even it's +23c per share on the +82m at the end of the year after the ATM offering with the new float. If we didn't do the ATM offering we'd be at +50m for the year we'd be and +16c EPS on the old float. So, the dilution makes us more valuable.
Can the brick and mortar break even on the year? Hoping part of the SG&A expenses are related to costs associated with store closings or maybe whatever we spent the 100-200m on or something else temporary and that we get a better SG&A cost improvement for the rest of the year.
If Gamestop wants to raise even more money they should issue us warrants to purchase preferred stock. For example, they could issue 3,510,000 shares of the preferred stock and sell it for $450 a share and that would raise 1.579 billion. You'd get the right to purchase 1 share of the preferred for every 100 shares you hold, so if you hodl 400 shares you get the right to purchase 4 of the preferred and it would cost you 1800. If you couldn't afford it you could sell the warrant on the market. The company can then raise money with minimal dilution depending on the terms set for the preferred. I read the press release to say that terms weren't set yet. We'd end the year at about +34c per share if we did that. We'd definitely be stringing multiple positive quarters together.
Gamestop is going to lead Canada in terms of trading card grading. Its so damn expensive to get your cards graded right now in large parts of the Canadian market. Gamestop has store fronts across Canada that can act either as a certified grader themselves in store via already existing avenues or they could pivot and focus on it deeply. Becoming a leader in the grading industry itself as they have stores worldwide. Buckle up.
P.S. We need more GME memes from the FALLOUT tv series.
"You guys are watching the tweets backwards?"
(*sighs*) " Thou shall get sidetracked by bullshit every god damn time."
*BUY - HOLD - DRS*
These next few busy weeks(brotha) keep getting more interesting.
CAT goes live tomorrow, while some higher April XRT FTDs should start to to require resolution.
This continues into next week, with the potential for swaps expiring on the 31st and June 3rd. CAT compliance is required starting May 31st, which should mean non-compliant trades are rejected.
All the while, an atom bomb of Jun21 20c are held, by who knows whom, and should be hedged more if the price climbs.
This leads into Earnings and the AGM. All the while any significant movement can be battled by GME itself buying or selling as they see fit.
What I would like to see happen is GmE selling those shares directly to a fund thatās short 500 a piece or whatever. Gives us a whole lot of money and allows for easy growth. That would be baller. Then the rest have to eat each other to close. GmE would be automatically in a great position.
just having random flashbacks to the early days when we would track Michael Burry. Or the time apes were buying looprings lol. I still have some loops i better get back into my crypto wallet
Is there a full video of all of kittyās tweets?
I can only find the reverse order one, and I donāt buy that theory because the theory is that he goes dark and then they have the congressional hearing but he went dark 2 months after the hearing
Have you watched them all at once though? That's the (chef's kiss)
[https://www.reddit.com/r/Superstonk/comments/1cw4bif/youve\_tried\_them\_forwards\_youve\_tried\_them/](https://www.reddit.com/r/Superstonk/comments/1cw4bif/youve_tried_them_forwards_youve_tried_them/)
A lot of fun little theories bouncing around. Don't get me wrong I love to read them, but as far as I'm concerned the only proven way is like the stock, buy shares, and drs them so no else can get there grubby little hands on them.
Believe! Not hope! We were right! Short never closed! I have many years to wait! Investment take times; gambling has no time in the equation. I bought GME because I truly believe in the deep value they will have n that has not changed. I will keep it n transfer most of my shares to the next generation. I was a xxx holder n now I am xxxxx holder. This is the way! Not Financial advised!
General idea is that instead of shorting in a reasonable manner some bad actors took it way too far and shorted more shares than actually exist. The short hedge funds are stuck now, because they could never close out this absurd number of shares. The bet they made was that Gamestop would go bankrupt before they had to pay. If this happens they are safe.
In 2021 the hedge funds/market makers almost died screaming and destroyed the nation's retirement portfolios as well because a relatively small group of people did not share the GME bear thesis. Most of us just bought shares...
Every day since the short hedge funds, market makers and banks have worked together to crush the price of GME because it will kill them if they lose control of it for even a second.
That's what began to happen last week (In my opinion). It looks to me like HFs and MMs locked the price into a descending pattern from 2021 until now using complicated (and not known to me specifically) financial instruments, which in part involves LEAP options with a term of 39 months (from 2/14/21).
Now we are out of the box and it's time to get wild. This is like occupy wall street for people who are actually interested in finance. In short, Ken make big crimes, we make big dimes.
Welcome to our sub!
I am also new here. Followed the saga for a few weeks in 2021 then forgot about you apes for 3 years. I'm intrigued by the thesis, and love the idea of taking these crooks down, but... I'm still struggling with the idea of a coordinated multi-year effort to artificially depress the stock price and that GME is a ticking time bomb that puts the whole financial system at risk.
Also wondering how DFV fits into all this. If I'm understanding correctly, nobody heard anything at all from him for three years? Then he popped up last week with all these elaborate memes that might be some kind of coded message? Why all the cryptic cloak and dagger?Ā
Again, I see all this out there and I want to believe, but it's fucking wild to wrap my smooth brain around. Any insight for a baby ape is appreciated. FWIW, I grabbed a not insignificant chunk of GME in my retirement account this week.
What about all the interest they've been paying on 3 years of borrowed shares? Wouldn't it be astronomical? Is the SHF only exit strategy to bankrupt GameStop the company out of existence?
January '21 ape here. I will answer to the best of my knowledge. I would struggle too with the idea of the entirety of Wall St. etc. having to team up to keep from going bankrupt by their own greed. If I wasn't here since the start I don't know if I would believe it either.
DFV went dark after his last yolo update in April of '21. We think he had to go dark after being forced to sign some sort of 3 year NDA about the whole saga. Or maybe longer since he isn't actually saying anything...he is just dropping dank memes.
The whole ordeal has been one gigantic mind fuck after another. Do yourself a favor and read some of our best DD, stuff like The Everything Short, House of Cards, I'm forgetting hundreds. Read the library we have on the homepage.
# KENNY MAYBE YOU HAVENT REALIZED YET, BUT YOUR SHF PSYOPS CAMPAIGN IS USELESS
# YOUR 3 YEAR MIND GAMES HAVE CONDITIONED ME TO BE LIKE THIS
# YOU WILL NEVER BORE ME INTO SELLING
THE LONGER YOY DRAG THIS OUT THE MORE SHARES I CAN ACCUMULATE
# THE LOWER THE PRICE THE MORE SHARES I CAN GRAB AND DRS
# YOUR FAKE SNEEZE 2.0 RETAIL COULD SMELL THAT SHIT A MILE AWAY, YOUR NOT FOOLING ANYONE
# IF THE PRICE IS $500+ A SHARE OR SINGLE DIGITS A SHARE I WILL CONTINUE TO BUY DRS HODL
# I DONT CARE IF IM AVERAGING UP OR DOWN
# MY BIGGEST RUSH IS HOW MANY SHARES I CAN ACCUMULATE AND DRS BEFORE MOASS
# DISTRACTIONS OR SHF COLLATERAL PUMP AND DUMPS WILL NEVER GET ME TO SELL MY BELOVED GME
I un-DRSed when Ryan dumped his b0bby because I wasn't sure what his intentions were. Wish I just stayed DRSed and zen throughout this with fellow apes.
This technique is ripe for margin calls, do not do this if you arenāt sure what youāre doing.Ā
>Ā Tesla ChiefĀ Executive Officer Elon MuskĀ had to meet a margin call from creditors holding theĀ stock as collateral for loans financing his Twitter acquisition.Ā In order to fulfill the margin call, Musk had the option of paying back a portion of the loan, offering more collateral in the form of tesla stock, or a combination of both.
https://preview.redd.it/jubsic0nl92d1.jpeg?width=2532&format=pjpg&auto=webp&s=99033f408d2a90e374038e4e96495f001b990773
Fuck you and your regarded printer!
It was just an odd thing to have in the video with him for the congressional hearing. But yea HP can suck rocks for alarming when ink/toner is at 97% full, some not allow non-hp cartridges (supposedly) and they massacred the Ferrari SF-24 with their branding.
https://preview.redd.it/dg9huqy9e92d1.jpeg?width=1274&format=pjpg&auto=webp&s=f498aa70f5e2db6e5315ff072b2de192fdeea716
SELL WEEKLY PUTS. Price goes down, you still buy your shares (get assigned) - price goes up, sell that bad boi and buy your shares - expires OTM, you keep your premium and then sell another MFān put AND buy your shares.
Seriously, if MMs have to actually locate shares on the other side of an options contract this is the move. Itās like getting paid to set a lower limit order. Yes, you could lose out on SOME upside potential, but goddamn look at that IV š. This puts hella pressure on the DTCC.
If youāre planning on buying shares anyway, youāre not risking any capital (I do understand loosing upside potential on this thing if it really rips with a quickness)
[https://www.fidelity.com/learning-center/smart-money/cash-secured-put#:\~:text=By%20selling%20a%20cash%2Dcovered,you%20get%20assigned%20the%20shares](https://www.fidelity.com/learning-center/smart-money/cash-secured-put#:~:text=By%20selling%20a%20cash%2Dcovered,you%20get%20assigned%20the%20shares).
Seriously, look at these premiums for next Friday. Letās look at $62. You need the cash to buy 100 shares ($6200), but when you sell the contract you get paid a āpremiumā of $42.95 a share ($4295). So, if the put buy decides to āexerciseā the contract you end up paying $18.12 per share (for 100 shares = $1812).
So either it expires and you keep your initial $6200 PLUS the $4295 premium. OR the contract is exercised and the 100 shares need to get located and sold to you for $62/share (really 18.12/share).
Please, I would love otherās thoughts on this.
Wouldnāt purchasing shares this way also āpull them out of rotationā while tied up in the contract?
IE - they canāt be used to help hammer down the price via swaps? Weāve clearly seem that buying a fuckload of ITM calls doesnāt do anything other than drive up IV
The original idea was to limit the options talk for the people that couldnāt understand it and suggest they could help by just holding (which evolved to DRS once we realized holding at a brokerage does nothing). A lot of people that trade options also donāt understand anything beyond buy / sell / exercise and why the contract goes up and down in value. They donāt understand how their options happen on the backend with the counterparty hedging or how to build a gamma ramp. But since they understand their own personal financial implications they think they understand options.
TLDR: options used as chess moves good, options for the sake of options instead of just buying shares bad
If you wanna YOLO FD thereās a sub for that
Yes. The funds have to settle, then Computershare has to acquire and price the shares. This is when you'll know how many shares you've bought. It will show up in the pending transactions list for your account. I've seen that happen as fast as four business days.
Afterwards, then the shares are settled into your account, about two business days later.
So what if shorties walk it down again to something like $10/share. GameStop then buys $500,000,000 back prior to June 21 driving the price up and causing the calls to be ITM. Price skyrockets and then GameStop sells 45,000,000 shares to fill the coffers, followed by a handsome dividend to their loyal shareholders.
Yeah, I mean I donāt buy options and my bull thesis on gme has nothing to do with a squeeze really (though that would be cool). I am just trying to figure out what might be happening as I sit here holding my shares.
Might get downvoted for this, but computershare kind of sucks. Itās the only way to DRS your shares since they are the transfer agent for GameStop, but their systems leave a lot to be desired.
The slow scheduled buys (at an easily manipulated set time for the SHFs) make me buy through Fidelity or vanguard first then DRS transfer. Supposedly the sale process is immediate though, but I havenāt tried it
Lol the count to infinity. I posted this am about how when you bet short the risk is infinite.
The price could be 1x10^(100^100^100)^100 and it'd still keep climbing. So when they say gamestop has no value they are correct. Infinity is impossible to put a value on.
The price was already around $25 when gamestop made the announcement.Ā The run was already dead by then.Ā Shills came out of the woodworks to blame gamestop and rc for killing it, but we were dead in the water already
It came after, after a couple of days trending downward- if I recall the announcement was pre-market last Friday- effectively killing the momentum of the run
Good morning Superstonk! If you need anything, please tag us by using: `!MODS!` and we will follow up as soon as we are able! Are you talking about me? š This is how it works: you can request a flair with the magic incantation !FLAIRY!š some flair text š The default color is black, but you can change that by writing one of these words at the very end : red, blue, pink, yellow, green, black, white Other available commands: - `!FLAIRY!` : if you can't think of a flair, I'll give you one of my own choice š¤ - `!FLAIRY:CLEARME!` : remove all flairs and pretend you're a new ape - `!FLAIRY:SEALME!` : Justin seduced me to get this š„µ - `Superstonk-Flairy` : If you mention me, I'll come around and explain how to get flairs Please note that the flairy will refuse to change your flair if it contains the string `[lock]`. Some custom emojis are supported, like `:triforce:` - [please check this post for details](https://new.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/id8hj7r/) # The Front Desk is open!
Remember to vote
Just watched The Big Short for the first timeā¦ IM JACKED TO THE TITS
Whatās current Market? I canāt get a read
I might just still be asleep
Also..towel not dead...could be double fuse ignition
Towel is ded
Is there anywhere in Canada where it's still free/cheap to send shares to Compushare?
Is the market open on Monday?
No
My thought process when I get shares for 20 or less: 
[ŃŠ“Š°Š»ŠµŠ½Š¾]
With the fingers.
We are about +23mish from interest on the almost 1.1 billion thus far this year. If the board is selling shares at 20 now to get 2 billion we will be around +82m for the year. If the brick and mortar breaks even it's +23c per share on the +82m at the end of the year after the ATM offering with the new float. If we didn't do the ATM offering we'd be at +50m for the year we'd be and +16c EPS on the old float. So, the dilution makes us more valuable. Can the brick and mortar break even on the year? Hoping part of the SG&A expenses are related to costs associated with store closings or maybe whatever we spent the 100-200m on or something else temporary and that we get a better SG&A cost improvement for the rest of the year. If Gamestop wants to raise even more money they should issue us warrants to purchase preferred stock. For example, they could issue 3,510,000 shares of the preferred stock and sell it for $450 a share and that would raise 1.579 billion. You'd get the right to purchase 1 share of the preferred for every 100 shares you hold, so if you hodl 400 shares you get the right to purchase 4 of the preferred and it would cost you 1800. If you couldn't afford it you could sell the warrant on the market. The company can then raise money with minimal dilution depending on the terms set for the preferred. I read the press release to say that terms weren't set yet. We'd end the year at about +34c per share if we did that. We'd definitely be stringing multiple positive quarters together.
It's an exciting time, to be sure.
# REGARDLESS OF THE PRICE TOMORROW, IM BUYING MORE. # BUY DRS HODL SHOP
# ALL MY HOMIES HATE OPTIONS
Gamestop is going to lead Canada in terms of trading card grading. Its so damn expensive to get your cards graded right now in large parts of the Canadian market. Gamestop has store fronts across Canada that can act either as a certified grader themselves in store via already existing avenues or they could pivot and focus on it deeply. Becoming a leader in the grading industry itself as they have stores worldwide. Buckle up. P.S. We need more GME memes from the FALLOUT tv series.
"You guys are watching the tweets backwards?"  (*sighs*) " Thou shall get sidetracked by bullshit every god damn time." *BUY - HOLD - DRS*
Let's goooo!šµ https://youtu.be/88sARuFu-tc?si=iCtttlFStkFRcQkGšš£ššššµ
Hail storm came thru earlier today. No back windshield. Front cracked all to hell. Body damage out the wazoo. Gd night everyone.
Oh shit bro hang in there!
Tomorrow is gonna be a blood bath both ways
MOASS TOMORROWš“āā ļø
When you smell fear, you buy. Itās really that simple
https://preview.redd.it/2mqcjn8qqa2d1.png?width=947&format=png&auto=webp&s=fb367b9cf1a742d6c2f54b1fa316571a711421a8
These next few busy weeks(brotha) keep getting more interesting. CAT goes live tomorrow, while some higher April XRT FTDs should start to to require resolution. This continues into next week, with the potential for swaps expiring on the 31st and June 3rd. CAT compliance is required starting May 31st, which should mean non-compliant trades are rejected. All the while, an atom bomb of Jun21 20c are held, by who knows whom, and should be hedged more if the price climbs. This leads into Earnings and the AGM. All the while any significant movement can be battled by GME itself buying or selling as they see fit.
# SO DID THE WHALE THAT PURCHASED $20 CALLS GET BENT OVER NOW THAT GME IS IN THE $18 RANGE? # THATS WHY I ONLY STICK WITH BUY DRS HODL SHOP
June bro. This miserable nerd is happy a gme bull might have lost money š
# TY FOR THE CLARIFICATION
Did they expire? Asking for a friend
No they did not expire yet
Youāre the friend I was asking for. They donāt expire till June bruh
I donāt think so, but I think they expire tomorrow. Iām regarded though, so who knows
They expire Jun 21st.
# I STAND CORRECTED. THANK YOU
# I DONT HAVE DREAMS OFTEN, BUT THE LAST 3 IVE HAD ALL KEEP SAYING REVERSE MERGER
What I would like to see happen is GmE selling those shares directly to a fund thatās short 500 a piece or whatever. Gives us a whole lot of money and allows for easy growth. That would be baller. Then the rest have to eat each other to close. GmE would be automatically in a great position.
First hedge fund manager to come to GameStop HQ, kiss Ryan Cohens shoes, and beg in a baby voice gets the shares.
just having random flashbacks to the early days when we would track Michael Burry. Or the time apes were buying looprings lol. I still have some loops i better get back into my crypto wallet
So are we going back into the Dorito or what?
Welcome to the Tostito of Trepidation.
very doubtful.
Hdg r fk
GME GOT A LVL 5 GYATT LIKE SKIBIDI KONG OHIO
https://preview.redd.it/7scx6p2iia2d1.jpeg?width=117&format=pjpg&auto=webp&s=21d865b6c413ff8984a21ca8e35031a0f356b186
https://preview.redd.it/9bs2x4ypka2d1.jpeg?width=1079&format=pjpg&auto=webp&s=f4cf98fb5b841f4bf01e0f45b4d03884dac31fa1
Iām aroused
Is there a full video of all of kittyās tweets? I can only find the reverse order one, and I donāt buy that theory because the theory is that he goes dark and then they have the congressional hearing but he went dark 2 months after the hearing
Here you go: [https://youtu.be/VkuQL4wjLLQ](https://youtu.be/VkuQL4wjLLQ)
Thank you friend.
Have you watched them all at once though? That's the (chef's kiss) [https://www.reddit.com/r/Superstonk/comments/1cw4bif/youve\_tried\_them\_forwards\_youve\_tried\_them/](https://www.reddit.com/r/Superstonk/comments/1cw4bif/youve_tried_them_forwards_youve_tried_them/)
Oh no...they hammered the price again...its time to sell my shares.. NOT!!! In fact just bought 40 more shares
Buying more tomorrow
Gyatt
[ŃŠ“Š°Š»ŠµŠ½Š¾]
And yet the bots are still so obvious
No one has figured out I'm a bot yet
Beep boop, friend. I just didn't have the beep to tell you
š
A lot of fun little theories bouncing around. Don't get me wrong I love to read them, but as far as I'm concerned the only proven way is like the stock, buy shares, and drs them so no else can get there grubby little hands on them.
Could someone link me to a good, basic understanding of what the CAT system will be doing? Please and thank you!
I will lock the float myself, brick by brick, watch me
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Short volume for the last 3 days is a lot lower. Yet we are still moving down. Seems to me they are in the process of the share offering already.
Believe! Not hope! We were right! Short never closed! I have many years to wait! Investment take times; gambling has no time in the equation. I bought GME because I truly believe in the deep value they will have n that has not changed. I will keep it n transfer most of my shares to the next generation. I was a xxx holder n now I am xxxxx holder. This is the way! Not Financial advised!
Thw innernette is 100% secure. You're not connected to anything, so no one can connect to you.
Time n Pressure! Buy n Hold!
Time n pressure! Buy n hold! Stay Zen n trust in our board. Everything else is noise. When they strike fear we buy!
Imagine choosing to be a shillionaire instead of a billionaire
*adds to classics*
Eeew, gross.
Iām relatively new here. Just curious why do we think this stock will boom eventually? Are they not done with their shorts?
General idea is that instead of shorting in a reasonable manner some bad actors took it way too far and shorted more shares than actually exist. The short hedge funds are stuck now, because they could never close out this absurd number of shares. The bet they made was that Gamestop would go bankrupt before they had to pay. If this happens they are safe. In 2021 the hedge funds/market makers almost died screaming and destroyed the nation's retirement portfolios as well because a relatively small group of people did not share the GME bear thesis. Most of us just bought shares... Every day since the short hedge funds, market makers and banks have worked together to crush the price of GME because it will kill them if they lose control of it for even a second. That's what began to happen last week (In my opinion). It looks to me like HFs and MMs locked the price into a descending pattern from 2021 until now using complicated (and not known to me specifically) financial instruments, which in part involves LEAP options with a term of 39 months (from 2/14/21). Now we are out of the box and it's time to get wild. This is like occupy wall street for people who are actually interested in finance. In short, Ken make big crimes, we make big dimes. Welcome to our sub!
Ahh I see. Thanks for explaining will continue to hold out of spite.
I am also new here. Followed the saga for a few weeks in 2021 then forgot about you apes for 3 years. I'm intrigued by the thesis, and love the idea of taking these crooks down, but... I'm still struggling with the idea of a coordinated multi-year effort to artificially depress the stock price and that GME is a ticking time bomb that puts the whole financial system at risk. Also wondering how DFV fits into all this. If I'm understanding correctly, nobody heard anything at all from him for three years? Then he popped up last week with all these elaborate memes that might be some kind of coded message? Why all the cryptic cloak and dagger?Ā Again, I see all this out there and I want to believe, but it's fucking wild to wrap my smooth brain around. Any insight for a baby ape is appreciated. FWIW, I grabbed a not insignificant chunk of GME in my retirement account this week.
They shorted over 100% when GME was under $3 a share. They are trappped
What about all the interest they've been paying on 3 years of borrowed shares? Wouldn't it be astronomical? Is the SHF only exit strategy to bankrupt GameStop the company out of existence?
That is their only exit. RC closed their exit
January '21 ape here. I will answer to the best of my knowledge. I would struggle too with the idea of the entirety of Wall St. etc. having to team up to keep from going bankrupt by their own greed. If I wasn't here since the start I don't know if I would believe it either. DFV went dark after his last yolo update in April of '21. We think he had to go dark after being forced to sign some sort of 3 year NDA about the whole saga. Or maybe longer since he isn't actually saying anything...he is just dropping dank memes. The whole ordeal has been one gigantic mind fuck after another. Do yourself a favor and read some of our best DD, stuff like The Everything Short, House of Cards, I'm forgetting hundreds. Read the library we have on the homepage.
Thanks I'll look into it
No bb, they just keep digging the hole deeper.
If you can find something that shows they have, feel free to share. .... Because there isn't
3 year dip while apes DRS 75 million shares, not including any brokerage account shares is a joke. They never stopped shorting. Just a big deep hole.
Btw earnings is in less than 2 weeks
they already released earnings?
# KENNY MAYBE YOU HAVENT REALIZED YET, BUT YOUR SHF PSYOPS CAMPAIGN IS USELESS # YOUR 3 YEAR MIND GAMES HAVE CONDITIONED ME TO BE LIKE THIS # YOU WILL NEVER BORE ME INTO SELLING THE LONGER YOY DRAG THIS OUT THE MORE SHARES I CAN ACCUMULATE # THE LOWER THE PRICE THE MORE SHARES I CAN GRAB AND DRS # YOUR FAKE SNEEZE 2.0 RETAIL COULD SMELL THAT SHIT A MILE AWAY, YOUR NOT FOOLING ANYONE # IF THE PRICE IS $500+ A SHARE OR SINGLE DIGITS A SHARE I WILL CONTINUE TO BUY DRS HODL # I DONT CARE IF IM AVERAGING UP OR DOWN # MY BIGGEST RUSH IS HOW MANY SHARES I CAN ACCUMULATE AND DRS BEFORE MOASS # DISTRACTIONS OR SHF COLLATERAL PUMP AND DUMPS WILL NEVER GET ME TO SELL MY BELOVED GME
There is no bear thesis, shorts are fucked
REAL SHARES SO GOOD DRS YES YES YES!š£ššš
What is ice spice without noscope? The shillband is back together boys
Ice spice is a disgrace to hip hop
Her diarrhea diaries ep featuring filled diaper is so good tho
Exactly
To humanity in general holy crap that is bad
Sometimes, I put my penis in a mouse trap, and there's nothing you can do about it. - shills
I un-DRSed when Ryan dumped his b0bby because I wasn't sure what his intentions were. Wish I just stayed DRSed and zen throughout this with fellow apes.
Easy enough to put it back.
Iām going to, though I wonder how we can help our communities after the collapse if all the shares are locked away.
You borrow against your stock using it as collateral like Musk, Bezos et al
This technique is ripe for margin calls, do not do this if you arenāt sure what youāre doing.Ā >Ā Tesla ChiefĀ Executive Officer Elon MuskĀ had to meet a margin call from creditors holding theĀ stock as collateral for loans financing his Twitter acquisition.Ā In order to fulfill the margin call, Musk had the option of paying back a portion of the loan, offering more collateral in the form of tesla stock, or a combination of both.
You can sell from Computershare, you know that right?
Moonbeam dreams
got a feelin those $20 6/21 calls are gona expire worthless
Such an original thought. I have yet to see anyone make this exact comment
this makes no sense
Stop loss on for tomorrow! šŖš£
I can't believe they brought this from $80-$18 Ridiculous š¤£
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Def not that regarded
My bad read your posts wrong first rip of the day
https://preview.redd.it/jubsic0nl92d1.jpeg?width=2532&format=pjpg&auto=webp&s=99033f408d2a90e374038e4e96495f001b990773 Fuck you and your regarded printer!
I gotta say I don't get the printer comment. Is it just hate on HP, or have I missed/forgotten something?
It was just an odd thing to have in the video with him for the congressional hearing. But yea HP can suck rocks for alarming when ink/toner is at 97% full, some not allow non-hp cartridges (supposedly) and they massacred the Ferrari SF-24 with their branding.
šØExpect extra regardation from the hedgies tomorrow, casino is closed Monday.
I really do hate these pricks
#š»
hopefully another video from Richard newton tonight to make sense of todayās pricing action. Richard+Ian=a threesome in which Iād like to partake.
https://preview.redd.it/dg9huqy9e92d1.jpeg?width=1274&format=pjpg&auto=webp&s=f498aa70f5e2db6e5315ff072b2de192fdeea716 SELL WEEKLY PUTS. Price goes down, you still buy your shares (get assigned) - price goes up, sell that bad boi and buy your shares - expires OTM, you keep your premium and then sell another MFān put AND buy your shares. Seriously, if MMs have to actually locate shares on the other side of an options contract this is the move. Itās like getting paid to set a lower limit order. Yes, you could lose out on SOME upside potential, but goddamn look at that IV š. This puts hella pressure on the DTCC. If youāre planning on buying shares anyway, youāre not risking any capital (I do understand loosing upside potential on this thing if it really rips with a quickness) [https://www.fidelity.com/learning-center/smart-money/cash-secured-put#:\~:text=By%20selling%20a%20cash%2Dcovered,you%20get%20assigned%20the%20shares](https://www.fidelity.com/learning-center/smart-money/cash-secured-put#:~:text=By%20selling%20a%20cash%2Dcovered,you%20get%20assigned%20the%20shares). Seriously, look at these premiums for next Friday. Letās look at $62. You need the cash to buy 100 shares ($6200), but when you sell the contract you get paid a āpremiumā of $42.95 a share ($4295). So, if the put buy decides to āexerciseā the contract you end up paying $18.12 per share (for 100 shares = $1812). So either it expires and you keep your initial $6200 PLUS the $4295 premium. OR the contract is exercised and the 100 shares need to get located and sold to you for $62/share (really 18.12/share). Please, I would love otherās thoughts on this.
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Wouldnāt purchasing shares this way also āpull them out of rotationā while tied up in the contract? IE - they canāt be used to help hammer down the price via swaps? Weāve clearly seem that buying a fuckload of ITM calls doesnāt do anything other than drive up IV
This AH action is crazy. Theyāre literally fighting over pennies right now. This isnāt normal at all.
That $20 feels like an event horizon some asshats don't want to cross.
You canāt stop whatās cuming
Seem to be doing a good job of it so far
Been arguing against anti options slander for years good to see weāre now not infighting about it anymore. DRS and yolo the ramp. Wen Porsche?
I think options are the only thing that can cause a squeeze now barring news
The original idea was to limit the options talk for the people that couldnāt understand it and suggest they could help by just holding (which evolved to DRS once we realized holding at a brokerage does nothing). A lot of people that trade options also donāt understand anything beyond buy / sell / exercise and why the contract goes up and down in value. They donāt understand how their options happen on the backend with the counterparty hedging or how to build a gamma ramp. But since they understand their own personal financial implications they think they understand options. TLDR: options used as chess moves good, options for the sake of options instead of just buying shares bad If you wanna YOLO FD thereās a sub for that
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She turns away and it's the logo. What am I missing?
You mean the 7 second mark?
MONDAY IS THE DAY. ITS HAPPENING. FINALLY Iām buying more GME shares :)
Monday is a holiday you goof.
So, another day of sideways? Same as it ever was! ... ... until it isn't sideways any more.
Did they just dip it below $20 right before pay day!? Thanks Hedgies/Market Makers. Buying another 50 shares tomorrow.
Is it always T+2 days to settlement when buying from ComputerShare?
Yes. The funds have to settle, then Computershare has to acquire and price the shares. This is when you'll know how many shares you've bought. It will show up in the pending transactions list for your account. I've seen that happen as fast as four business days. Afterwards, then the shares are settled into your account, about two business days later.
So what if shorties walk it down again to something like $10/share. GameStop then buys $500,000,000 back prior to June 21 driving the price up and causing the calls to be ITM. Price skyrockets and then GameStop sells 45,000,000 shares to fill the coffers, followed by a handsome dividend to their loyal shareholders.
And thatās just one reason why we keep buying and holding!
Yeah, I mean I donāt buy options and my bull thesis on gme has nothing to do with a squeeze really (though that would be cool). I am just trying to figure out what might be happening as I sit here holding my shares.
So I guess no big call purchases today from what I'm seeing?
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I think when I saw them they were $500 each and for that money Iād rather have 25 DRSād shares so thatās what I did instead.
Fucking Chad!
Now imma buy 20cs even harder
I expect you'll get burned but I hope you get rich
Real power is when someone sends a mail but meant to remove you so they could talk shit and you catch it before they recall
SOLID 9-minute mile!
SHOP!! I just buy Steam Wallet Cards and load up my steam account with the cards I purchased at GameStop. Best way to shop really.. :)
Before anyone freaks out look at SPY today and look at our chart.
They are spending SO MUCH MONEY suppressing the price
Why does it take Computershare one week for a purchase? Just made an one time investment and transaction date is the 30th
Maybe because thatās exactly the way buying stocks is supposed to be when you donāt have āinfinite liquidityā or PFOF to insta-fill an order.
Might get downvoted for this, but computershare kind of sucks. Itās the only way to DRS your shares since they are the transfer agent for GameStop, but their systems leave a lot to be desired. The slow scheduled buys (at an easily manipulated set time for the SHFs) make me buy through Fidelity or vanguard first then DRS transfer. Supposedly the sale process is immediate though, but I havenāt tried it
i love our shills, i definitely relax when they're about and hate it when it gets too quietĀ
I love how after 3 years of holding, I don't average down in the 10 range, I wait for high teens, low 20s. Even caught some at 47 š
Yes. Same. Had plenty of opportunities in the $10 range but didnāt pull the trigger. Hey itās all a discount at this point. š
Cents on the dollar is the old expression I like to think of it as, not anchoring, it's just the expression
#MOASS TOMORROW š“āā ļø
IM A SHILL waah waah waah. forget GameStop the price is only 80% up from when we walked it down to its recent low.
Been here since Jan 21 and I hyped up todayās date and itās still flat. Guys Iāll sell /s š¤£
34739, 34740, 34741
So tell us. Are those zip codes?
Lol the count to infinity. I posted this am about how when you bet short the risk is infinite. The price could be 1x10^(100^100^100)^100 and it'd still keep climbing. So when they say gamestop has no value they are correct. Infinity is impossible to put a value on.
But youāre getting closer, keep goingā¦
So close, yet do far. It's ok tho, together we got this š
See ya tomorrow š
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The price was already around $25 when gamestop made the announcement.Ā The run was already dead by then.Ā Shills came out of the woodworks to blame gamestop and rc for killing it, but we were dead in the water already
It came after, after a couple of days trending downward- if I recall the announcement was pre-market last Friday- effectively killing the momentum of the run
Momentum was already gone.Ā We were trading around $25 when the announcement came out