In GME's favor are two things the financial media never wants to talk about:
The true short interest. It will cause the squeeze - it is inevitable. The documented SI in January was 226% - and they never closed the position - this is all per court transcripts of the civil suit against Interactive and RH. Since January, the squeeze has been delayed as they continued synthesizing more shares. (counterfeiting shares, creating a bigger squeeze.) The shorts couldn't unwind in January, and they really, really have dug a deeper hole for themselves in the last 10 months.
The NFT program, rumored to soon be unveiled (possibly this Friday). The hints being dropped about it is that the NFT is bringing something revolutionary to the market. A watershed moment.
These two aspects are rarely, if ever, talked about in financial news. When they are mentioned, the data is purposely skewed or distorted.
This is just my unprofessional opinion, but GME is going to squeeze like nothing anyone has ever seen, and I believe it was designed to do that, from the very beginning.
Noted, listening and pondering, but have you actually walked into a Game Stop lately?
I used to frequent there all the time. I went about a two weeks ago and it was depressing, slow and a lack of merchandise that even vaguely peaked my interest and I have a hard time fighting against long term fundamentals. So, going long in Block Busters was once a good idea until it wasn't.
In GME's favor are two things the financial media never wants to talk about:
The true short interest. It will cause the squeeze - it is inevitable. The documented SI in January was 226% - and they never closed the position - this is all per court transcripts of the civil suit against Interactive and RH. Since January, the squeeze has been delayed as they continued synthesizing more shares. (counterfeiting shares, creating a bigger squeeze.) The shorts couldn't unwind in January, and they really, really have dug a deeper hole for themselves in the last 10 months.
The NFT program, rumored to soon be unveiled (possibly this Friday). The hints being dropped about it is that the NFT is bringing something revolutionary to the market. A watershed moment.
These two aspects are rarely, if ever, talked about in financial news. When they are mentioned, the data is purposely skewed or distorted.
This is just my unprofessional opinion, but GME is going to squeeze like nothing anyone has ever seen, and I believe it was designed to do that, from the very beginning.
So your unprofessional opinion would be to buy 5 or above tier "in the money" Call contracts and buy some popcorn and watch the show?
No it would not.
I personally bought long and hold in direct registration.
Every option contract is resulting in more synthetic shares being introduced. They are all FTD's. Not many real shares left at the DTCC.
Either way though - this is happening, and soon.
Everyone has to make the decision for themselves on what to do or not do.
I never listen to strangers in windowless vans, OR the internet.
Noted, listening and pondering, but have you actually walked into a Game Stop lately?
I used to frequent there all the time. I went about a two weeks ago and it was depressing, slow and a lack of merchandise that even vaguely peaked my interest and I have a hard time fighting against long term fundamentals. So, going long in Block Busters was once a good idea until it wasn't.
I think for sure, you should not invest. It doesn't sound right for you.
I would never - EVER - encourage people to invest in something they didn't feel good about, that would always be a bad idea.
Me? I am super happy.
No shortage of people getting burned badly buying GME contracts. Can't lose with some shares at a broker and some shares at Computershare.