More GME Divide and Conquer
ℹ️ ⚔️ Information Warfare ⚔️ ℹ️
Just like what happened to r/WallStreetBets at the end of January over the weekend in r/GME suddenly the main mods got booted by new mods with a suspicious statement that they voluntarily stepped down and dissenters are getting banned. They're already reforming at r/SuperStonk and confirming that they were forced out, even the daily due diligence thread at r/GME got deleted this morning. Looks like another wake up call for those redditors.
Covert moves over the weekend, ready for a sale of newly issued stocks.
GME Shares Plunge As Company Moves To Sell 3.5M New Shares
https://www.zerohedge.com/markets/gme-shares-plunge-company-moves-sell-35m-new-shares
They filed to be able to but didn't actually do so yet. Also this is a small blip in the 200 million already out there and the new 1 billion dollar valuation that'd be around $285/share.
https://www.reddit.com/r/Superstonk/comments/mki9zi/game_stop_35_million_share_offering/
No they updated it. GME is getting ready for the short squeeze also
Interesting comment.
When I looked at the graph this morning, my question is whether is will break the downtrend from march 21 / 30 as at 15:44 UTC, this downtrend acts as resistance (touch), receding back hopefully finding firm footing on 188,05.
I guess some people made a nice 10% margin today.
I still have a lot of green in my portfolios for such a "plunge". Reminds me if previous times the news reported a plunge minutes before a big short ladder attack commenced.