They are preparing for the NFT dividend. Get in now before it's too late. It's a fire sale right now.
The next shareholder meeting (June 9th) the vote on the stock split will go through.
theoretically, one stock is worth infinite amount of money. I highly recommend everyone to have at least one.
For people who don't know, it has potential to be infinite because you get to sell it for what you want when shorts have to buy it back. The theory is there at 10 synthetic shares for every real share. Shorts HAVE to cover. And even if there isn't that many synthetics, if there is at least 1 real for every fake, it's still infinite potential.
The meeting is June 2nd, shorts have to CLOSE, and reported short interest was > 140% last January before the sneeze. Hedge funds didn’t close, they just shifted shit around and doubled down. They couldn’t have closed then if they wanted to.
The game has been rigged forever. They, like Hilary, never thought they could lose.
Yeah, like Jan ‘21. Current reporting of SI has changed. 140% used to be the highest it could be reported, so it was in all likelihood much higher then as well. They have used swaps and other methods to hide SI now.
Bottom line is they are still fucked, but more so now than before, even if SI wouldn’t seem to indicate that as the case.
140% used to be the highest it could be reported, so it was in all likelihood much higher then as well.
Sez who?
They have used swaps and other methods to hide SI now.
Sez stock manipulators on the internet, but no proof.
Bottom line is they are still fucked
Not likely. Goldman Sachs and others make them money off of this shit, and they know how to make sure their customers don't get blown up.
You guys are believing a fairy tale story. If you wanna gamble a bit, no big deal. But for those who have serious money (to them) on the table, they should clear their mind on this story.
I will bookmark this and come back to you when shit goes down. It’s comical you are here and alleged MAGA. You believe the news is fake, but the markets aren’t lies on top of lies?
GTFO. I have spent hundreds of hours researching this shit and I know fucking fraud when I see it. These criminals have naked shorted companies into the ground for years while their competing long positions (Amazon for instance) reached record highs.
Before discounting it as bullshit, spend some time actually fucking reading. Sachs is fucked in this, like many banks. The Fed is toast. Wait and see.
Please don’t fucking preach to me about speculation. Our world is speculation. Is Q real? Watch how the movement is demonized and attacked by MSM. Watch how shills come in here and do the same with GME, just like all the financial news outlets.
If you can’t see what’s happening, it’s probably best just to lurk moar.
Lots of lies in the market. Lots of corruption in the market. Lots of manipulation in the market.
That does NOT mean that the GME story is valid. It's just another lie.
These criminals have naked shorted companies into the ground for years
I know they have. It's how Goldman Sachs makes most of their profit. This is not speculation. Patrick Byrne (regardless what anyone thinks of him) got GS's financials due to discovery in a lawsuit, and naked shorting is how GS makes MOST of their profit.
That said ...
They got more money to manipulate with than you do.
And the manipulators on Reddit are conmen.
Before discounting it as bullshit, spend some time actually fucking reading.
I was here when the story was unfolding. I SAW FOR MYSELF the more than 100% naked short position.
But guess what?
That CHANGED. The ONLY thing you guys can claim now is that it is all hidden.
Maybe, but you do not have any PROOF of that, and that means you are GUESSING.
Sachs is fucked in this, like many banks. The Fed is toast. Wait and see.
GS and the Fed can print unlimited money to get out of ANY position. You know how much UNLIMITED MONEY is?
It should not be that way, but it is. It is criminal, but it is.
If you think otherwise, you are delusional.
I have spent a good part of my life studying the markets and making a living from trading.
I KNOW that the GME story is a fucking con job. I have seen it before, and I will see it again.
That mathematically can't happen unfortunately. The absolute highest they can split is 13 to 1 if the shareholder vote is successful to change from 300m to 1bill issuable shares.
If they did a reverse stock split, your 1 share at $250 would become 1/10th of a share at $2,500 each, for a total value of $250.
Stock splits do not make you rich. Anyone who says otherwise is shoveling bullshit on your truck.
For shorts, it's the same. If they were short X number of shares with a total short value of $Z, they would still be short the same amount of money after the dust settles. Their brokerage account would not change, in terms of dollar amount short. So, it is irrelevant.
However ...
Anytime a company does a split (and especially a reverse split) when there is no apparently valid reason to do it (like a $1,000 per share stock price and they want more people to THINK it would be more "affordable" at a lower price), then something is rotten.
It means the CEO/execs/directors are manipulating the stock, and that can never be for a good reason.
I own quite alot of GME myself. The MOASS or infinite losses being described is a possibility no doubt and a reason why so many jumped in. Keep in mind if.....infinite losses occur, this sounds like, YES we are all wealthy monetarily, however a complete and total market and currency crash is also a very likely outcome. Take that for what its worth, noone knows its never happened. But having millions of worthless dollars is something to keep in mind. Which should mean the smart ones immediately re divest into other options of value, not a Fiat currency.
My speculation is the GME wallets will be the "buckets" to capture the new currency of the next 50 years. They will be used for company dividends, GME tokens, stable coins, DAO governance models for voting on ideas/projects, NFT'S and a way to crush the shorts with their synthetic "shares".
You will have a unique footprint on the blockchain that cannot be counterfeited. It's your GME fingerprint. It's an attempt to have a pure financial corporate model (or at least a step up from the whorehouse that is Wall Street today).
I havent dove too deep in the NFT and blockchain plans gamestop has going. I tend to revert back to extreme hesitation if we are actually faced with a currency dissolution and another replacement relies on electricity for access. Ill be converting Fiat to tangibles and tradeables. All very reasonable speculations there though and I think it would be prudent to see how those play out if this all rolls out as the "apes" are speculating.
It's just a speculation. I agree with you, tangible assets should be prioritized before crypto and NFT. I'm pretty invested in physical silver and got some gold laying around. I'm not invested in any cryptos or NFTs, but alot in GME shares (xxx).
For this reason it's gonna be a hectic few weeks when it does take off. I'm definitely gonna sell a portion on the way up/down (not looking for a top) to put it into gold/silver/cyprto/land immediately while the frenzy is going on
Yes. Short selling has the potential for INFINITE losses. Throw in the fact that a Market Maker (Citadel) abused their special "providing liquidity" abilities to create 100s of millions of fake GME shares out of thin air... we are now talking about the potential for infinite losses to be extremely high, especially if there are plenty of "apes" that refuse to sell all of their shares when the price runs up. The only thing I see stopping this big mess when it takes off is if the government steps in and shuts it down for the "safety of the economy".
Although I have bought a handful of shares, I am not totally optimistic that it will work out as some are saying. The powers that be can totally halt trading on a stock or the entire market. The other thing that nobody has been able to explain to me is why the hedge funds don't just sell their holdings to a separate corporation and just let that corporation go bankrupt? That's the whole reason limited liability corporations exist, --right? -- to limit losses. Not an expert in this area, so people in the know can educate me.
The other thing that nobody has been able to explain to me is why the hedge funds don't just sell their holdings to a separate corporation and just let that corporation go bankrupt? That's the whole reason limited liability corporations exist, --right? -- to limit losses.
No, that would not work.
You don't get physical shares when you short. It's just an accounting entry at a brokerage firm.
You owe the shares. Borrow 100 shares and you have to pay back with 100 shares.
You can't just "move" the account to a corporation. The broker would still hold you responsible if there is a margin call that exceeds the value of the account.
If your idea would work, just buy a house, get a mortage, "move" the mortgage to a corporation, bankrupt the corporation, and ... abracadabra!
I do believe that the Reddit promoters are frauds.
However, let's say they are right. I will tell you what will happen (or may have already happened) ...
Goldman Sachs, or some other big player, will have a meeting with the big shorts.
They will offer to buy back all their shares, in exchange for a handsome fee.
GS will then buy and sell in the market to exit their position, over time. They will create money out of thin air, just like the Federal Reserve does, and they will call on the Fed to "borrow money" from, if necessary.
The entire position will be unwound, and that will be that.
GME will go to bankruptcy court, most likely. Or maybe the company will survive, but there will be no killing, other than by GS.
I suspect that was already done long ago, but will be interesting to see if there any fireworks (doubt it, but let's see).
Than short it. So let me ask why all of the talent they have hired over the last two years are all taking stock incentives instead of fat salaries? If this thing is dead on arrival, why hasn’t any of the executives cashed in while the price is still 10x higher than it was pre-January 2021?
GameStop is sitting on like a billion of unused capital
I explained that (a) it is not "unused capital," and (b) it is not enough capital.
You just ignore my response to your own point, as if it never happened?
Very dishonest of you.
You want to instead change the subject to giving me stock advice, salaries of GME employees, and stock transactions of insiders.
Why don't you respond to my Working Capital points?
Maybe you can't because your "DD" does not include actually understanding the company. I dunno.
Regarding the employees, maybe the company can't afford to pay much in salaries, so they hope people will work for peanuts and maybe a score on the stock price. The price DOES move up (and down) wildly, so maybe they can catch a move up and cash in.
Why did Aaron Rogers take a chunk of his salary in bitcoin, if bitcoin was gonna crash? Cuz he didn't know that it would. Duh. Insiders have no clue what a stock price will do. That's why they are employees and not full-time investors.
The salaries of the employees and the stock transactions of the execs have NOTHING TO DO with the point you made, or my response to your point.
Why can't you ever discuss anything of substance? Gotta keep changing the goalposts, huh?
GameStop Corp
Annual Meeting of Stockholders
June 2, 2022 at 10:00am CDT
Access to the virtual meeting will be available beginning at 9:30am (Central)
LINK:
www.cesonlineservices.com/gme22_vm
here's how I think this is going to go down, and I don't think anything can stop it now.
Market will crash, completely, right around the GME shareholder meeting time (June 2nd), MOASS will occur shortly there after, However ComputerShare currently has a 32 bit Integer sell limit, basically through computer share, you cannot sell a share for more than $214,748.36,
Because of this Limit, MOST people will hold , and will be unwilling to sell for such a low amount (Some will sell for this amount, but they would be foolish to do so)
People will be pissed that they can't get 100 million per share.., so they'll just hold, this.. around this time Computershare will be integrated Into the Gamestop wallet/loopring thing. computershare will be converted to a blockchain based stock exchange, with NO sell limits.
The purpose of gamestop is to take control of the financial world away from the DS and crooks.. All the corporations of the world will convert their stock to be used by gamestop(computershare whatever) , all of which will be gloriously backed by blockchain encryption, and will prevent the fuckery and criminal activity and short selling that has been going on for far far too long..
I plan on keeping at least half of my shares in GME for a very long time, I strongly suspect that they will become the most valuable company on the planet, with very large and profitable annual dividends. this isn't about Graphic NFT's. or Game asset NFTs,. that's all a ruse (against the DS). this is about taking back control of money.
this will break (make go broke) the entire left, and the DS. that is the other goal of this operation.. and I do 100% believe this to be a white hat operation.
it's not that weird, they internally calculate prices to four decimals, but truncate the 10th's and hundreths of pennies for their input values, , technically their sell limit is the full 32 bit integer number with a decimal "slide" in , .. ie $214,748.3648 but the website won't allow you to enter the .0048 at the end.
it is weird but it isn't the first time that stock market prices were done this way. when computer shares moves to Loopring/gamestop wallet/whatever/. i suspect that will be bumped upto a 64bit number, or better, which effectively won't have a limit in my lifetime
"Hello, thank you for contacting Computershare. We can confirm, GameStop shareholders can now undertake transactions up to an estimated sales proceeds limit of $9,999,999 million through our online services."
"Hello, thank you for contacting Computershare. We can confirm, GameStop shareholders can now undertake transactions up to an estimated sales proceeds limit of $9,999,999 million through our online services."
That’s only for limit orders. Supposedly market orders would be filled at market price. And theoretically limit orders would give you “best price” if placed. Otherwise, I agree. This is a white hat op. If anyone has followed Cohen and DFV you would see the cryptic tweets and similarities to another white hat op we have been watching closely.
Lots of interesting theories in this decode. They make it sound like the squeeze is over though. According to the SEC’s own report, there was no squeeze. It was all retail buying pressure.
If you look at the short interest of previous squeezes, none have been anywhere close to GME. The max legal reported amount is 140%. A Robinhood legal proceeding listed SI as over 220% in Jan ‘21. Looking at various buy to sell ratios and the rate at which apes are locking the float with DRS, there is no way the current reported SI is anywhere close to legitimate.
I’m not telling anyone to toss in their life savings. Like DFV, I just like the stock.
unless they Fixed this too.. you cannot do market orders on computer share. and i would never sell these as market order prices, that lends itself to possible fuckery. and yeah, Cohen tweets are just like Q cryptics from dan and others. , that, and a few other things convinced me this was a white hat operation.
"Hello, thank you for contacting Computershare. We can confirm, GameStop shareholders can now undertake transactions up to an estimated sales proceeds limit of $9,999,999 million through our online services."
options are a rigged casino so long as the stock doesn't move out of their control. i still wouldn't risk options when you can buy drs and hodl safely to be rich
Agreed. Option players can make bank, but it is most certainly high risk and usually rigged to prevent this. Think AI, algorithms, and such.
The problem with DRS and buying every dip or every rip is it has fucked the algorithms. What we are doing isn’t human nature and hedge funds are about to learn the hard way that you can only fuck the poors so long before there is a revolution. I personally believe GME is tied 100% to the Q movement. This is the financial reset portion of the plan to take down the central banks and a portion of the cabal money hoarders.
Here is an easy tip - if you are buying options the most you will lose is what you paid for them. If you are selling options, then your potential loss can be huge.
That is suspicion and hope but not proven fact yet. We need to be careful and not tell people this will happen when we aren’t certain. We know there will be a stock split as a dividend but we do not know the ratio. We do know that GameStop can execute a 3 to 1 split now without shareholder approval and the meeting in June is to increase vows shares so a 7 to 1 split could happen but it’s not guaranteed :-)
Oh I agree, but for those who haven’t followed if it doesn’t happen- well it’s a big disappointment. Would t it be better to surprise and delight than disappoint?
I’m only saying be mindful of those who aren’t on superstonk multiple times a day like we are. What’s the term - gme normies? 😂😂
We never said the stock split is going to make is rich. You just make straw men arguments lol. We know the stock split doesnt increase our share value, just the amount of shares. But when the price drops everyone will fomo and the price will go back up to where it was.
So, ima buy 1 share and wait for the split...then I got 7 each worth 1/7th of original. Here is where I need help. Shorts drive the price to infinity (prolly more than I will ever spend) but now I got 7X infinity. How much is that? The shitty calc on my phone just says "error". Will I be able to buy one of those confiscated Russian yachts?
I never claimed they did. I'm talking about the short squeeze. When they do a stock split or a stock dividend they can only give it out to real shareholders, not the 200% or more naked shorts that are synthetic shares.
This is a catalyst for exposing the massive fraud of the system. The financial arm of the plan.
Next time try asking questions instead of making false assumptions and assertions.
I have 20 in ComputerShare. I currently have 6 in Fidelity. It probably not going to get transferred in time of this potential event. What do you guys think?
Keep 6 in Fidelity to sell for 10s of millions each on the way up. Keep the 20 in ComputerShare to keep forever (and these ones will get you the NFT dividend if that ever truly did come to fruition).
I have about five in Fidelity and about 400 in Computershare I’m using the Fidelity ones to Cell to cover my baseline once MOASS hits. If your settings are correct in Fidelity you will you will get the split check your settings
I'm at 645 safely tucked away at ComputerShare, and one share at Fidelity which I will sell first when it hits an international phone number price. I believe that there will be greater benefit, ultimately, by holding on (not selling) your shares in ComputerShare. - Also, do what the wealthy do... Take a low interest loan (for millions) on your holdings in CS... and you'll receive the money yet pay no taxes. Yes, you'll be paying back (idk) 4%(?) however you should be able to make more than that back with intelligent investments. *** ... and, please know that I'm just a dumb ape who plays with bananas and eats crayons... so therefore am absolutely not a financial advisor.
... and, if you pedes haven't done so already, please check out SuperStonk (a subreddit on Reddit). I believe (strongly) that GameStop is part of THE PLAN - and everything seems to be coming together at the same time.
I actually think this is part of Q's statement, "Class action lawsuits work."
Whatll happen is the price of GME will skyrocket when the hedge funds go to zero, but the SEC will trigger all of their "circuit breakers" amd find a way to stop us from winning. We will have to file class action lawsuits to win it back.
Buy shares directly from computershare and they will be registered. Be careful if you buy from other brokers, because when you tell them you want to register them, they may charge you a fee. Fidelity doesn’t charge but some others do. Call your broker b4 buying and ask if they have a fee to transfer shares to Computershare. I am not a financial advisor, but have read a lot about this on Reddit, /r/superstonk.
FYI, I first made a CS account and bought a small amount. After a week or so my account became active and I was able to create a login for the CS website… and THEN I DRS’d from my brokerage.
I went to CS website, filled out my personal info to open an account, including my bank account and routing numbers. It’s been about six months, so I can’t recall if I put in the buy order at that same time, or a week-ish later when the account became active. But either way, no info was requested about other shares I might have owned. I did not speak to anyone, I just signed up on their website, only took a couple minutes.
Only after the account was active, and my initial purchase (directly from CS) went through, did I then DRS shares that I had bought previously.
Open fidelity account, link bank. Transfer funds to said account. Buy GME. Let trade settle for 2 business days after the purchase date. Call fidelity and tell them you would like to direct register (DRS) a portion (or all) of the shares you just bought. I would recommend keeping partial shares or a couple in your fidelity account just because. After DRS, the shares are now with GME’s transfer agent Computershare. They have been pulled out of the DTCC and are actually registered in your name, thus cannot be fucked with.
We DRS because if a brokerage tries to sell off your positions due to market instability or whatever excuse during MOASS, most of your shares will be safe at Computershare. If we do this right, a handful of shares could create generational wealth.
I mean, I linked my bank account but I dont have any usable funds yet to be able to buy it. It says itll take 2 days to transfer from my bank to my fidelity
Did you do the test when it linked? After everything is confirmed it will work as I stated. For the first transfer it could take longer but I’m pretty sure it should work more quickly. It may depend on your bank too. Good luck. Don’t sweat.
It will work either way, but will be quicker to make the account first. You have to follow the instructions precisely with your computershare emails for it to work. It’s a ghetto registration system, but I eventually got it to work with some help.
... and consider buying one share of anything that's cheap and leaving that in the broker when you transfer the GME to CS. The reason I suggest this is that many brokers charge a $75 transfer fee, however waive it if you keep at least one share - of anything - with the broker.
I dont remember core positions when I created, I think I just used a cash account. Buy GME and immediately transfer to computershare. You can use fidelity chat bot to initiate transfer or call customer service.
Personally are used Fidelity because they’re faster and you don’t have to wait for the funds to settle to trade. Once I have my shares I transfer them to Computershare. It may not be the best way but it works for me
Should I wait on the split to DR my shares? I have mine in Schwab but wasn’t sure if I put them in computershare if the split would effect those or not. Thanks for any advice fellow apes
I heard Schwab has been dragging their feet with DRS requests. Do you have a Fidelity account as well? If you do, you could request a transfer from Schwab-to-Fidelity (initiated from Fidelity's website). By law, brokers have 3 days to transfer to another broker. It's Tuesday May 24th now. If you did this this evening, the shares would probably hit Fidelity on Tuesday May 31st (as the Market is only open a half day this Friday, and closed on Monday which is Memorial Day). Honestly, I don't think there is enough time to get them to CS before the vote.
Is there a reason to keep shares in both ComputerShare and another brokerage account? I've read a few comments regarding this and just trying to understand the reasoning behind it... Wouldnt it be best to have them all in ComputerShare?
Computer Share takes a while to conduct a transaction. So we have a bit in a brokerage account, in addition to computer share, in case we want to make some kind of swift move.
GameStop did not debut a crypto. It is a wallet in beta that will hold both crypto and nfts. The title could be misleading if one isn’t well versed in the gme saga. r/superstonk
Please do your own research before investing in anything
I have a few crypto savvy friends, I'm a dumb silverback that doesn't understand the crypto wallets and stocks and Bitcoin and Doge coin. I tried to learn but I can't watch the market with my job and life. I'll keep stacking physical and be ok when this all hashes out.
There isn't one right now. Also stay away from crap like WeBull and Robinhood, you don't actually own any crypto held there as you can't transfer it out to your own non-custodial wallet.
Yep, and also know that shares you think are in your name in all the brokers (TD Ameritrade, Fidelity, Vanguard, etc.) are actually held by the brokers for you in your "Street Name".
Ultimately, if the broker goes bankrupt - basically the SIPC (sort of like the FDIC) will only insure your holdings up to $500,000. And, that's all you'd get even if you had millions of dollars in stock holdings.
Company is changing it's business (not selling toasters anymore, and instead selling jet airplanes), which is a VERY bad sign.
Stock market is in a bear market, and these kinds of companies get crushed.
Some conman on the internet has convinced people they will get rich due to a stock split (never happen) and/or a new crypto (never mind that 10,000 other cryptos have turned cash into dust).
If ya wanna gamble, and if it pays off you get to bring down the corrupt financial system, then naturally people will be attracted to it.
But ... it certainly IS a gamble. And the odds of it paying off big are long ... VERY long.
"If ya wanna gamble, and if it pays off you get to bring down the corrupt financial system, then naturally people will be attracted to it."
Couldnt have said it better myself.. Not gambling my house and family away but this is the best chance to make an actual change if were right. Only bet what you are willing to lose.
Absolutely. Only wager what you are willing to lose as this will surely be an all or nothing proposition. I’m DRS’d for about $4k GameStop and $1k AMC and that’s what I’m willing to lose - or gain. No buying and no selling it’s a gamble but I’m out no more than that. Now it’s time to make popcorn and sit back and watch what happens.
No market skills needed. They(wall st /bankers/cabal) shorted gme to oblivion to bankrupt the company. We all caught on before GME died(a la blockbuster, toysrus). They fucked with the wrong gamers. GME is where their game stops.
Thats what THEY want you to believe! This doesnt stop at Melvin. The derivatives market is going to tumble along with banks. You sound like a media echo chamber over there.
The stock market is 100% manipulated and GME is exposing it.
Greetings Mr. Newbie (with 4 posts, all negative on GME). You (and all the "real" Pedes) might want to learn more about GameStop. They're a long way from being a "failing brick and mortar store". Here's a decent place to start:
While it's true that the fund is shutting down, it is nowhere near worried about "infinite losses."
It lost 39% in 2021 and another 23% this year. Sounds bad ... BUT ... that's AFTER making 52% in 2020, and 30% PER YEAR for the 5 years before that.
From its inception in 2014 until today, when it is shutting down, it made GAINS averaging 11.9% per year -- that's WITH the GME losses factored into the total returns.
It's a bear market, and the guy running it probably can't figure out what to do, so he's just closing the fund (and crying all the way to the bank with his investment managment fees).
The important point is this: Anyone telling you that hedge funds (see??? Even Melvin Capital is going BUST!!!) ... are going to lose "infinity" dollars ... is full of shit.
The only people pushing it these days are the ones that DID put money in this year and are trying to fool other SUCKERS into buying their bad debt.
I don't know what the angle is on the Reddit conmen, but GME trades enough shares everyday that anyone could get out of a position (long or short) quickly enough.
The really big funds can easily go to a prime broker on Wall Street and have them do it, with their ability to naked short and create money out of nothing, to manipulate the market.
GME is not a tiny float that is hard to buy and sell, so I don't know what the angle is.
I find that it's easier to understand people when they utilize the logical side of their brain, setting aside the emotions for proper discourse that others could potentially learn from.
Emotions running one's mouth will shift a possibly smart discussion topic into weird directions.
Slinging insults at people to get a point across while also failing to discuss the matter with people of differing opinions is asinine. Generalizing people into a group for an opinion because of a disagreement with that opinion is an emotional discharge at best and fails to bring any meaningful insight to the table.
People sometimes need a nudge to use logic more often around here.
While I am biased (GME/AMC) investor I can tell you one thing for sure that is wrong with @rageous statement;
He claims we need others to invest so that we can ‘pull out’. The current stock price is what others are currently valuing the stock at and we can sell at anytime we wish at the current price. We don’t need others to ‘replace’ our investment if that makes sense. If there are no willing buyers at today’s GME price around $89 then the price keeps falling (supply/demand).
The real question you have to ask yourself is why are we having this conversation about a video game new/used retail store chain with a stock value of anywhere near $89 and market cap of 6.8B (that’s billion with a B).? If we simply look at the profit/loss and asset valuation this is roughly 7-8 times what the company and stock should probably be worth 9-13$/share. Why have the New Jersey and California public union pension fund managers and other institutional investors recently begun taking large positions in GME.? The reason is that there is far more going on here than meets the eye and standard company performance doesn’t explain the stock value.
In fact, GME has posted losses in each of the last 4 quarters with an ever widening failure between expected/actual earnings (fact). Yet here we sit with an average stock price at 10X it’s value 18 months ago, but yes down 80% from its high of $483. Something very very strange is definitely going on here with this stock.
Do your own research and come to your own conclusions about why all of these anomalies are occurring with this particular stock and then buy or don’t buy - the choice is always yours to make. But nobody here can tell you with 100% certainty what the future will bring and what the outcome will be. Investing is like fishing or gambling - you do your research and do whatever you can to increase your odds, and that’s the best you can do.
Flat day on the markets overall and both AMC and GME are up 10-25%. Nothing to see here folks - nothing is going on whatsoever - this is completely normal when there have been no spectacular earnings results, mergers/acquisitions etc....!
Just don’t tell me that nothing is going on here with these stocks
There are probably some well-intentioned people in this thread, and they hope to make money, while shafting the hedge funds, and "blow up the system" while they're at it.
If they want to throw $100 at it for fun, I see no big deal.
But those who might put a lot of their money into this stupid stock manipulation scheme should consider what other people have to say, other than the stock pumpers.
I've been around the markets long enough to see this fake story before. This one has a new twist, but it is still nothing more than hype on stock manipulation.
GME is a dogshit company. Professional shorts figured that out, and shorted it.
Somebody naked shorted it, too. That allowed the conmen on Reddit to pump their story.
But those shorts covered long ago.
As far as the crypto angle, I guess selling computer games is not such a great business, so they are now selling something totally different.
I hope some crypto (and PRIVATE) alternatives do well, but most of them have gone to shit, and the wallets won't be anything worth having if the cryptos aren't being used because people lost their ass the last time.
Melvin may have closed/covered some their shorts - that’s why they have posted nothing but losses and closed the doors. How much do want to bet Citadel and others have neither closed nor covered....?
Hey Mag - did you see the GME trend for today? Yeah that’s normal for companies with shitty earnings and nothing good to report suddenly surging 25% in a day from $87 to $112 and still going. Please tell us again that everything here is normal. (Edit 3:00pm now up 30%)
What’s happening now is that the market makers have decided that they can buy long otm calls and just stop naked shorting and make more money just letting the price go where it wants to go, it needs to go, it is going to go ‘naturally’.
And from your previous question yesterday how’s my 4K doing? It’s $4400 now (edit: $4570 now 20 minutes later) thank you for asking. Yesterday it was only $3500.
Edit $4660 and $116/share bout 3:00PM; that’s +30% today alone in a brutal bear market Mags! Please explain this price volatility to the rest here since you are the expert LOlOLOLoL
28% and $114/share now with an hour of trading left for the day hmmmmmm.? Is the whole market up 28-30% today.? My my my, what on Earth could be causing this MAGA? Yes, this is normal for shitty meme stocks with negative earnings and 0 good news on the horizon.
Please explain this type of activity to the rest of the people here you have been preaching to that this is a PONZI SCHEME.
Just admit you don’t know shit, this proves you don’t know shit, and that this isn’t normal activity, and therefore just MAYBE we
Could be onto something here.
The post is about buying Gamestop stock. Gamestop is changing their business model from retail brick and mortar store to having digital crypto wallets. Yahoo Fake News Commies are trying to downplay it so their Pedo Hedge fund friends who are shorting, and manipulating the stock don't go bankrupt.
Well that's what the post is about, YES. Although don't listen to me, I am not a financial advisor. I am something of a retard myself, but yes Gamestop shareholders will vote to split the stock, may or may not happen.
IF you buy shares now before the split you will have benefit the most. Try to grab shares for as cheap as you can before June 3rd. The split may or may not happen. Once again this is not investing advice, i am a retard.
I don't know why you're getting down dooted, coz you're right anything could happen. Typically it's better to grab a stock before the forward split, but not always. I could be taken in by bullshit, gotta risk it for the biscuit tho.
I know you played video games, how about selling your ingame items or your actual used game, digitally?
The video game market and NFTs have been waiting to blow up, the transaction prices were just so high. We now have loopring to get transaction fees down to pennies.
you have decent arguments but damn you are missing some key pieces here.
They are preparing for the NFT dividend. Get in now before it's too late. It's a fire sale right now.
The next shareholder meeting (June 9th) the vote on the stock split will go through.
theoretically, one stock is worth infinite amount of money. I highly recommend everyone to have at least one.
For people who don't know, it has potential to be infinite because you get to sell it for what you want when shorts have to buy it back. The theory is there at 10 synthetic shares for every real share. Shorts HAVE to cover. And even if there isn't that many synthetics, if there is at least 1 real for every fake, it's still infinite potential.
and DRS
The meeting is June 2nd, shorts have to CLOSE, and reported short interest was > 140% last January before the sneeze. Hedge funds didn’t close, they just shifted shit around and doubled down. They couldn’t have closed then if they wanted to.
The game has been rigged forever. They, like Hilary, never thought they could lose.
Interesting thing, Executive Order 14032 (previously 13959) is set to go into effect on June 3rd assuming that Biden doesn't delay it again. https://www.reddit.com/r/Superstonk/comments/ujmr6i/why_executive_order_could_cause_gme_to_moass/
You mean like ... THREE Januarys ago?
Current short ratio is 21%.
No big deal.
Yeah, like Jan ‘21. Current reporting of SI has changed. 140% used to be the highest it could be reported, so it was in all likelihood much higher then as well. They have used swaps and other methods to hide SI now.
Bottom line is they are still fucked, but more so now than before, even if SI wouldn’t seem to indicate that as the case.
Sez who?
Sez stock manipulators on the internet, but no proof.
Not likely. Goldman Sachs and others make them money off of this shit, and they know how to make sure their customers don't get blown up.
You guys are believing a fairy tale story. If you wanna gamble a bit, no big deal. But for those who have serious money (to them) on the table, they should clear their mind on this story.
Cuz it's a bullshit story.
I will bookmark this and come back to you when shit goes down. It’s comical you are here and alleged MAGA. You believe the news is fake, but the markets aren’t lies on top of lies?
GTFO. I have spent hundreds of hours researching this shit and I know fucking fraud when I see it. These criminals have naked shorted companies into the ground for years while their competing long positions (Amazon for instance) reached record highs.
Before discounting it as bullshit, spend some time actually fucking reading. Sachs is fucked in this, like many banks. The Fed is toast. Wait and see.
That shill/doubter will be long gone by the time it all goes down.
It is really shilly in here right now. I think we have struck a nerve.
Didn’t Q mention Game Stop?
Search it.
Please don’t fucking preach to me about speculation. Our world is speculation. Is Q real? Watch how the movement is demonized and attacked by MSM. Watch how shills come in here and do the same with GME, just like all the financial news outlets.
If you can’t see what’s happening, it’s probably best just to lurk moar.
Lots of lies in the market. Lots of corruption in the market. Lots of manipulation in the market.
That does NOT mean that the GME story is valid. It's just another lie.
I know they have. It's how Goldman Sachs makes most of their profit. This is not speculation. Patrick Byrne (regardless what anyone thinks of him) got GS's financials due to discovery in a lawsuit, and naked shorting is how GS makes MOST of their profit.
That said ...
They got more money to manipulate with than you do.
And the manipulators on Reddit are conmen.
I was here when the story was unfolding. I SAW FOR MYSELF the more than 100% naked short position.
But guess what?
That CHANGED. The ONLY thing you guys can claim now is that it is all hidden.
Maybe, but you do not have any PROOF of that, and that means you are GUESSING.
GS and the Fed can print unlimited money to get out of ANY position. You know how much UNLIMITED MONEY is?
It should not be that way, but it is. It is criminal, but it is.
If you think otherwise, you are delusional.
I have spent a good part of my life studying the markets and making a living from trading.
I KNOW that the GME story is a fucking con job. I have seen it before, and I will see it again.
Do you? Funny how many GME hit pieces they run on the news if the hedge funds truly closed out their positions in Jan ‘21 like the news said.
Reminds me of other shit the news constantly runs hit pieces on. Trump, Q, voter fraud. Where there is smoke.
Fucking boomer. Keep believing MSM and Mad Money. Bear Stearns is fine, right? Until they weren’t.
They do NOT have to close. That’s an absolute fucking lie.
When marge calls they most certainly fucking do. Well, the computers will close for them, so you are partially right. 😂
For a good long while now, GME shorts have been banking margin equity.
Your computer comment is a good reflection of the nonsense you are spouting.
LOL.
Glad we have experts around here ...
I have one I bought at 250. So now I’ll have two?
they might split to 5 or 7 or 11
...or 17 😎
That mathematically can't happen unfortunately. The absolute highest they can split is 13 to 1 if the shareholder vote is successful to change from 300m to 1bill issuable shares.
omg
7 for 1? How many times did Ryan Cohen vaguely mention 741?
That would be the biggest troll.
Go all-in and make it 45:1.
screeeeeee!!!!!
RC tweeted "the apple doesn't fall far from the tree", apple last had a 7:1 split. 741 has come up a lot.
If it splits 10:1, you will go from having 1 share at $250, for a total value of $250, to ...
Having 10 shares at $25 each, for a total value of $250.
That's how stock splits work.
^ btw
If they did a reverse stock split, your 1 share at $250 would become 1/10th of a share at $2,500 each, for a total value of $250.
Stock splits do not make you rich. Anyone who says otherwise is shoveling bullshit on your truck.
For shorts, it's the same. If they were short X number of shares with a total short value of $Z, they would still be short the same amount of money after the dust settles. Their brokerage account would not change, in terms of dollar amount short. So, it is irrelevant.
However ...
Anytime a company does a split (and especially a reverse split) when there is no apparently valid reason to do it (like a $1,000 per share stock price and they want more people to THINK it would be more "affordable" at a lower price), then something is rotten.
It means the CEO/execs/directors are manipulating the stock, and that can never be for a good reason.
Thanks for posting this, it’s perfectly said.
I get annoyed at the misinformation and tend to go off.
The REALITY is that it changes nothing. The math remains the same. Literally no one is forced to buy back anything.
Exactly. And THAT is the reason why you know that certain people are purposely lying and trying to con people out of their money.
Not necessarily true. A stock split does make what once was a too expensive stock into something more affordable to appeal to possible investors.
A reversal stock split I agree with. That’s shady.
I own 53 shares. So you’re saying this small piece could have me set for life? I’m really trying to understand.
I own quite alot of GME myself. The MOASS or infinite losses being described is a possibility no doubt and a reason why so many jumped in. Keep in mind if.....infinite losses occur, this sounds like, YES we are all wealthy monetarily, however a complete and total market and currency crash is also a very likely outcome. Take that for what its worth, noone knows its never happened. But having millions of worthless dollars is something to keep in mind. Which should mean the smart ones immediately re divest into other options of value, not a Fiat currency.
My speculation is the GME wallets will be the "buckets" to capture the new currency of the next 50 years. They will be used for company dividends, GME tokens, stable coins, DAO governance models for voting on ideas/projects, NFT'S and a way to crush the shorts with their synthetic "shares".
You will have a unique footprint on the blockchain that cannot be counterfeited. It's your GME fingerprint. It's an attempt to have a pure financial corporate model (or at least a step up from the whorehouse that is Wall Street today).
Hold.
I havent dove too deep in the NFT and blockchain plans gamestop has going. I tend to revert back to extreme hesitation if we are actually faced with a currency dissolution and another replacement relies on electricity for access. Ill be converting Fiat to tangibles and tradeables. All very reasonable speculations there though and I think it would be prudent to see how those play out if this all rolls out as the "apes" are speculating.
It's just a speculation. I agree with you, tangible assets should be prioritized before crypto and NFT. I'm pretty invested in physical silver and got some gold laying around. I'm not invested in any cryptos or NFTs, but alot in GME shares (xxx).
Do you know there are more than 10,000 cryptocurrencies that have been created over the past few years, and MOST of them have gone bust?
One dropped 98% in value in ONE DAY, just a week or so ago.
For this reason it's gonna be a hectic few weeks when it does take off. I'm definitely gonna sell a portion on the way up/down (not looking for a top) to put it into gold/silver/cyprto/land immediately while the frenzy is going on
We’ll be wiping our asses with hundo’s friend...!
My hundies will be gold and silver bullion and a chunk of acreage i can wipe my ass on every leaf with
20 here, selling 1 at phone numbers and infinity pool the rest.
Yes. Short selling has the potential for INFINITE losses. Throw in the fact that a Market Maker (Citadel) abused their special "providing liquidity" abilities to create 100s of millions of fake GME shares out of thin air... we are now talking about the potential for infinite losses to be extremely high, especially if there are plenty of "apes" that refuse to sell all of their shares when the price runs up. The only thing I see stopping this big mess when it takes off is if the government steps in and shuts it down for the "safety of the economy".
Although I have bought a handful of shares, I am not totally optimistic that it will work out as some are saying. The powers that be can totally halt trading on a stock or the entire market. The other thing that nobody has been able to explain to me is why the hedge funds don't just sell their holdings to a separate corporation and just let that corporation go bankrupt? That's the whole reason limited liability corporations exist, --right? -- to limit losses. Not an expert in this area, so people in the know can educate me.
No, that would not work.
You don't get physical shares when you short. It's just an accounting entry at a brokerage firm.
You owe the shares. Borrow 100 shares and you have to pay back with 100 shares.
You can't just "move" the account to a corporation. The broker would still hold you responsible if there is a margin call that exceeds the value of the account.
If your idea would work, just buy a house, get a mortage, "move" the mortgage to a corporation, bankrupt the corporation, and ... abracadabra!
But it won't work. :-(
I do not believe that the shorts have a problem.
I do believe that the Reddit promoters are frauds.
However, let's say they are right. I will tell you what will happen (or may have already happened) ...
Goldman Sachs, or some other big player, will have a meeting with the big shorts.
They will offer to buy back all their shares, in exchange for a handsome fee.
GS will then buy and sell in the market to exit their position, over time. They will create money out of thin air, just like the Federal Reserve does, and they will call on the Fed to "borrow money" from, if necessary.
The entire position will be unwound, and that will be that.
GME will go to bankruptcy court, most likely. Or maybe the company will survive, but there will be no killing, other than by GS.
I suspect that was already done long ago, but will be interesting to see if there any fireworks (doubt it, but let's see).
This makes zero sense. GameStop is sitting on like a billion of unused capital. How the hell are they going bankrupt here?
Unused? Do you know what Working Capital is?
They have $1.2 billion cash.
They have $1.3 billion in current liabilities.
They lose money at $365 million per quarter, or $1.5 billion per year (and Cash Flow Negative of almost $1.6 billion per year).
All that cash is spoken for, and they will need ... MOAR ... assuming they wanna stay in business.
Plus ... a business model that ... SUCKS. That's why they are "playing games" with the business model now.
I wrote about this almost 2 years ago when the story was hot. Today, it's the same fucking story.
Nothing has changed, except the shorts are no longer in trouble -- especially now that we are in a bear market.
Why do you think the shorts shorted this thing in the first place? Just for kicks?
Than short it. So let me ask why all of the talent they have hired over the last two years are all taking stock incentives instead of fat salaries? If this thing is dead on arrival, why hasn’t any of the executives cashed in while the price is still 10x higher than it was pre-January 2021?
You are the one who said:
I explained that (a) it is not "unused capital," and (b) it is not enough capital.
You just ignore my response to your own point, as if it never happened?
Very dishonest of you.
You want to instead change the subject to giving me stock advice, salaries of GME employees, and stock transactions of insiders.
Why don't you respond to my Working Capital points?
Maybe you can't because your "DD" does not include actually understanding the company. I dunno.
Regarding the employees, maybe the company can't afford to pay much in salaries, so they hope people will work for peanuts and maybe a score on the stock price. The price DOES move up (and down) wildly, so maybe they can catch a move up and cash in.
Why did Aaron Rogers take a chunk of his salary in bitcoin, if bitcoin was gonna crash? Cuz he didn't know that it would. Duh. Insiders have no clue what a stock price will do. That's why they are employees and not full-time investors.
The salaries of the employees and the stock transactions of the execs have NOTHING TO DO with the point you made, or my response to your point.
Why can't you ever discuss anything of substance? Gotta keep changing the goalposts, huh?
How can a company with no debt and 1 billion in liquid cash go bankrupt?
No, some people who either don't know what they are talking about, or do and are intentionally trying to deceive you, are blowing smoke up your ass.
If there is a stock split, the total dollar amount you own will be the SAME afterwards.
I had thought the meeting got moved to June 2nd, right after trading is closed for the day.
GameStop Corp Annual Meeting of Stockholders June 2, 2022 at 10:00am CDT Access to the virtual meeting will be available beginning at 9:30am (Central) LINK: www.cesonlineservices.com/gme22_vm
holy cow, been waiting for this LFG!
🚀🚀🚀🚀🚀🚀🚀🚀🚀
Come back to this: You are about to be disappointed in a major way.
When I am right, come tell me I was right.
Sounds like a FUD post to me. Come back and tell me why I am wrong.
here's how I think this is going to go down, and I don't think anything can stop it now.
Market will crash, completely, right around the GME shareholder meeting time (June 2nd), MOASS will occur shortly there after, However ComputerShare currently has a 32 bit Integer sell limit, basically through computer share, you cannot sell a share for more than $214,748.36,
Because of this Limit, MOST people will hold , and will be unwilling to sell for such a low amount (Some will sell for this amount, but they would be foolish to do so)
People will be pissed that they can't get 100 million per share.., so they'll just hold, this.. around this time Computershare will be integrated Into the Gamestop wallet/loopring thing. computershare will be converted to a blockchain based stock exchange, with NO sell limits.
The purpose of gamestop is to take control of the financial world away from the DS and crooks.. All the corporations of the world will convert their stock to be used by gamestop(computershare whatever) , all of which will be gloriously backed by blockchain encryption, and will prevent the fuckery and criminal activity and short selling that has been going on for far far too long..
I plan on keeping at least half of my shares in GME for a very long time, I strongly suspect that they will become the most valuable company on the planet, with very large and profitable annual dividends. this isn't about Graphic NFT's. or Game asset NFTs,. that's all a ruse (against the DS). this is about taking back control of money.
this will break (make go broke) the entire left, and the DS. that is the other goal of this operation.. and I do 100% believe this to be a white hat operation.
I like it it’s plausible and makes sense according to all the DD I’ve read appreciate the comment!
Excellent post!
You dummy, the signed limit of 32 bits is $21,474,836.48
Computershare truncates the last two digits, and moves the decimal. the sell limit on computer share is as I stated, $214,748.36
Ok that's weird then, has nothing really to do with 32 bit limits and just computershare arbitrarily choosing limits using 32 bits as a starting point
it's not that weird, they internally calculate prices to four decimals, but truncate the 10th's and hundreths of pennies for their input values, , technically their sell limit is the full 32 bit integer number with a decimal "slide" in , .. ie $214,748.3648 but the website won't allow you to enter the .0048 at the end. it is weird but it isn't the first time that stock market prices were done this way. when computer shares moves to Loopring/gamestop wallet/whatever/. i suspect that will be bumped upto a 64bit number, or better, which effectively won't have a limit in my lifetime
From ComputerShare's Twitter:
"Hello, thank you for contacting Computershare. We can confirm, GameStop shareholders can now undertake transactions up to an estimated sales proceeds limit of $9,999,999 million through our online services."
https://twitter.com/BeerAndStonks/status/1501677512706961415
interesting, maybe the integration will come later, 10 million is still too low thou. I don't think it changes too much.
I believe that’s for multiple shares though, right?
"Up to." Those little weasel words.
If it sells down to $9 per share, that price would be included in the "up to" a gajillion dollars.
They are just saying that their computer goes to a certain number of digits.
So what?
If we don't care about cents it can go to 2 billion
From ComputerShare's Twitter:
"Hello, thank you for contacting Computershare. We can confirm, GameStop shareholders can now undertake transactions up to an estimated sales proceeds limit of $9,999,999 million through our online services."
https://twitter.com/BeerAndStonks/status/1501677512706961415
That’s only for limit orders. Supposedly market orders would be filled at market price. And theoretically limit orders would give you “best price” if placed. Otherwise, I agree. This is a white hat op. If anyone has followed Cohen and DFV you would see the cryptic tweets and similarities to another white hat op we have been watching closely.
A couple weeks ago I was reading this loooong decode about Elon, and was surprised to see it talk about GME & DFV being a White Hat operation.
https://decodingsymbols.wordpress.com/2021/02/13/elon-musk-the-x-bank/
Lots of interesting theories in this decode. They make it sound like the squeeze is over though. According to the SEC’s own report, there was no squeeze. It was all retail buying pressure.
If you look at the short interest of previous squeezes, none have been anywhere close to GME. The max legal reported amount is 140%. A Robinhood legal proceeding listed SI as over 220% in Jan ‘21. Looking at various buy to sell ratios and the rate at which apes are locking the float with DRS, there is no way the current reported SI is anywhere close to legitimate.
I’m not telling anyone to toss in their life savings. Like DFV, I just like the stock.
unless they Fixed this too.. you cannot do market orders on computer share. and i would never sell these as market order prices, that lends itself to possible fuckery. and yeah, Cohen tweets are just like Q cryptics from dan and others. , that, and a few other things convinced me this was a white hat operation.
From ComputerShare Twitter:
"Hello, thank you for contacting Computershare. We can confirm, GameStop shareholders can now undertake transactions up to an estimated sales proceeds limit of $9,999,999 million through our online services."
https://twitter.com/BeerAndStonks/status/1501677512706961415
This could get interesting
How do I buy this crypto
Same question! BUMP
buy LRC.
there are exchanges like coinbase.
Just remember not your wallet not your crypto
LRC is the crypto to buy. Then download the loopring.io wallet and send your funds to Layer 2.
AzTrumpican had a great write up on buying call options prior to the June 9 meeting.
https://greatawakening.win/p/15Huxf666j/buy-call-options-on-gme-the-week/
options are a rigged casino so long as the stock doesn't move out of their control. i still wouldn't risk options when you can buy drs and hodl safely to be rich
Agreed. Option players can make bank, but it is most certainly high risk and usually rigged to prevent this. Think AI, algorithms, and such.
The problem with DRS and buying every dip or every rip is it has fucked the algorithms. What we are doing isn’t human nature and hedge funds are about to learn the hard way that you can only fuck the poors so long before there is a revolution. I personally believe GME is tied 100% to the Q movement. This is the financial reset portion of the plan to take down the central banks and a portion of the cabal money hoarders.
Option scare me but that’s because I don’t know much about them and I’m risk-averse
Here is an easy tip - if you are buying options the most you will lose is what you paid for them. If you are selling options, then your potential loss can be huge.
Depends on if the short option is covered or not.
Indeed. I learned a lot from this post. Highly recommend.
Okay, you guys convinced me. Just bought 100.
DRS immediately
Smart Pede!
good job
7:1 stock split
That is suspicion and hope but not proven fact yet. We need to be careful and not tell people this will happen when we aren’t certain. We know there will be a stock split as a dividend but we do not know the ratio. We do know that GameStop can execute a 3 to 1 split now without shareholder approval and the meeting in June is to increase vows shares so a 7 to 1 split could happen but it’s not guaranteed :-)
"The apple doesn't fall far from the tree" - RC on Twitter
Apple did a 7 for 1 stock split years ago the second week of June.
RC has done A LOT of tweets at 7:41. He's telling us.
Something is about to happen. Want to be a part of it? Buy GME and direct register your shares through Computershare.com
Oh I agree, but for those who haven’t followed if it doesn’t happen- well it’s a big disappointment. Would t it be better to surprise and delight than disappoint?
I’m only saying be mindful of those who aren’t on superstonk multiple times a day like we are. What’s the term - gme normies? 😂😂
Did all the Apple shareholders become bazillionaires?
Nah, didn't think so.
Cuz stock splits don't make you rich.
We never said the stock split is going to make is rich. You just make straw men arguments lol. We know the stock split doesnt increase our share value, just the amount of shares. But when the price drops everyone will fomo and the price will go back up to where it was.
So, ima buy 1 share and wait for the split...then I got 7 each worth 1/7th of original. Here is where I need help. Shorts drive the price to infinity (prolly more than I will ever spend) but now I got 7X infinity. How much is that? The shitty calc on my phone just says "error". Will I be able to buy one of those confiscated Russian yachts?
Show me a stock price that trades at $infinity.
Until then, you are smoking whatever Hunter has been using.
I'm thinking his connects are better. So, are you think'n I shouldn't bid on that yacht yet?
I never claimed they did. I'm talking about the short squeeze. When they do a stock split or a stock dividend they can only give it out to real shareholders, not the 200% or more naked shorts that are synthetic shares.
This is a catalyst for exposing the massive fraud of the system. The financial arm of the plan.
Next time try asking questions instead of making false assumptions and assertions.
Fren nothing ever is certain. Everything you read here and anywhere else should always be prefaced in our mind with "I think"
Are you certain?
I have 20 in ComputerShare. I currently have 6 in Fidelity. It probably not going to get transferred in time of this potential event. What do you guys think?
The MOASS will likely last a long time. There will be no hurry to exit. There may never be a need to exit at all.
VW squeeze lasted a full 5 trading days.
Keep 6 in Fidelity to sell for 10s of millions each on the way up. Keep the 20 in ComputerShare to keep forever (and these ones will get you the NFT dividend if that ever truly did come to fruition).
Sell on the way down. Otherwise you never know what might have been.
Yup that's true, fair point.
I am doing the exact same thing!
Fidelity will DRS in about 3 days, so do it now
How long does it usually take to get your paper from CS to login? Just DRS'd my few shares.
2ish weeks if U.S.
International can be months.
oh you can't log in yet? that took a week. but that was awhile ago
I have about five in Fidelity and about 400 in Computershare I’m using the Fidelity ones to Cell to cover my baseline once MOASS hits. If your settings are correct in Fidelity you will you will get the split check your settings
I'm at 645 safely tucked away at ComputerShare, and one share at Fidelity which I will sell first when it hits an international phone number price. I believe that there will be greater benefit, ultimately, by holding on (not selling) your shares in ComputerShare. - Also, do what the wealthy do... Take a low interest loan (for millions) on your holdings in CS... and you'll receive the money yet pay no taxes. Yes, you'll be paying back (idk) 4%(?) however you should be able to make more than that back with intelligent investments. *** ... and, please know that I'm just a dumb ape who plays with bananas and eats crayons... so therefore am absolutely not a financial advisor.
... and, if you pedes haven't done so already, please check out SuperStonk (a subreddit on Reddit). I believe (strongly) that GameStop is part of THE PLAN - and everything seems to be coming together at the same time.
Most definitely is part of the plan
I actually think this is part of Q's statement, "Class action lawsuits work."
Whatll happen is the price of GME will skyrocket when the hedge funds go to zero, but the SEC will trigger all of their "circuit breakers" amd find a way to stop us from winning. We will have to file class action lawsuits to win it back.
Theres a ton of class actions going on right now too. 3M earplug, baby powder lawsuits, etc.
Buy shares directly from computershare and they will be registered. Be careful if you buy from other brokers, because when you tell them you want to register them, they may charge you a fee. Fidelity doesn’t charge but some others do. Call your broker b4 buying and ask if they have a fee to transfer shares to Computershare. I am not a financial advisor, but have read a lot about this on Reddit, /r/superstonk.
If anyone has any tips on getting started with this stuff I'm all ears..
Go to ComputerShare. Make an account. Buy GME. This is about the cheapest it'll ever be.
That simple? Thanks fren!
ComputerShare takes a little while, about a week, keep that in mind.
Was just about to say this. I set up a buy on may 15 and it finally posted today…almost 10 days later.
right
I don't believe you can make an account unless you already own shares that you drs to them. I tried and was told this.
My father did it. It works.
FYI, I first made a CS account and bought a small amount. After a week or so my account became active and I was able to create a login for the CS website… and THEN I DRS’d from my brokerage.
Hmm, when I tried it asked for my share certificate number or something, and when I called them they said I have to start from my Bank.
When you made the CS account, did you have to provide info about any shares you already owned?
Also did you buy the shares in your brokerage account before you created the CS account or after?
I went to CS website, filled out my personal info to open an account, including my bank account and routing numbers. It’s been about six months, so I can’t recall if I put in the buy order at that same time, or a week-ish later when the account became active. But either way, no info was requested about other shares I might have owned. I did not speak to anyone, I just signed up on their website, only took a couple minutes.
Only after the account was active, and my initial purchase (directly from CS) went through, did I then DRS shares that I had bought previously.
Open fidelity account, link bank. Transfer funds to said account. Buy GME. Let trade settle for 2 business days after the purchase date. Call fidelity and tell them you would like to direct register (DRS) a portion (or all) of the shares you just bought. I would recommend keeping partial shares or a couple in your fidelity account just because. After DRS, the shares are now with GME’s transfer agent Computershare. They have been pulled out of the DTCC and are actually registered in your name, thus cannot be fucked with.
We DRS because if a brokerage tries to sell off your positions due to market instability or whatever excuse during MOASS, most of your shares will be safe at Computershare. If we do this right, a handful of shares could create generational wealth.
Good luck!
THIS!
Thank you!
Any way to get my funds to buy one sooner than 2 days? By then it'll probably be worth more than I'm trying to transfer...
AFAIK you put money in fidelity and they give you a credit to purchase stocks.. may not be the same for new accounts.
Once you link your bank account it will eat you purchase stock before the eft is fully complete. Usually there eft is complete in a day or less tho.
I mean, I linked my bank account but I dont have any usable funds yet to be able to buy it. It says itll take 2 days to transfer from my bank to my fidelity
Did you do the test when it linked? After everything is confirmed it will work as I stated. For the first transfer it could take longer but I’m pretty sure it should work more quickly. It may depend on your bank too. Good luck. Don’t sweat.
Managed to get ahold of one for 98(was 96 only minutes before) when I woke up this morning
Nice! Now hold like your life depends on it.
Do I make a comptershare account first or just call fidelity? cause i tried making the account first and i keep getting an error
It will work either way, but will be quicker to make the account first. You have to follow the instructions precisely with your computershare emails for it to work. It’s a ghetto registration system, but I eventually got it to work with some help.
https://www.drsgme.org/
I love that this website exists!! Super helpful for a newbie like me.
Open any brokerage account, buy at least one gme share, then DRS it to Computer Share.
... and consider buying one share of anything that's cheap and leaving that in the broker when you transfer the GME to CS. The reason I suggest this is that many brokers charge a $75 transfer fee, however waive it if you keep at least one share - of anything - with the broker.
any specific core position i should do?
I dont remember core positions when I created, I think I just used a cash account. Buy GME and immediately transfer to computershare. You can use fidelity chat bot to initiate transfer or call customer service.
Personally are used Fidelity because they’re faster and you don’t have to wait for the funds to settle to trade. Once I have my shares I transfer them to Computershare. It may not be the best way but it works for me
any specific core position i should do?
Not GME.
Clearly have no idea what im asking about. kek
All should remember buying gme is not for investment wealth. It is one tier of attack against the globohomos. Hodl is real.
Will someone please explain what is a "Letter of Instruction " and how to do it? Computer Share requires this if you sell for moon prices.
It’s not just the naked short selling It’s not just the stock split
It’s the fact that Trumps / now Bidens sanctions on China executive order will have to be signed - otherwise US hedge funds fund China against Taiwan.
If Biden is going to do anything about Taiwan he will sign the no Investment in China executive order
Each time it was almost signed GME shares popped the next day
He can’t delay it any longer
The
Mother
Of All Short Sales
Is habbening
Biden is in a catch 222 he can’t have Taiwan and Hedge funds at the same time
He has to sacrifice one and GME will take them out
Why does Biden need Taiwan? The semiconductor business is run by the dragon families (Triads). I need a better breakdown to help tie this together.
Um...should I... to the moon or nah?
Has this become a meme yet? Lol
@Responsible1
I can't reply to comments, some bug with brave browser.
Yes, you'll have 2 if that's how the stock split goes.
Or you could end up with an NFT if you bought before the ex-dividend date.
Should I wait on the split to DR my shares? I have mine in Schwab but wasn’t sure if I put them in computershare if the split would effect those or not. Thanks for any advice fellow apes
you need to DRS your shares as fast as humanly possible.
Yes yes yes yes yes yes yes yes yes
Just started the transfer today, Schwab said it should take 3-5 business days.
I heard Schwab has been dragging their feet with DRS requests. Do you have a Fidelity account as well? If you do, you could request a transfer from Schwab-to-Fidelity (initiated from Fidelity's website). By law, brokers have 3 days to transfer to another broker. It's Tuesday May 24th now. If you did this this evening, the shares would probably hit Fidelity on Tuesday May 31st (as the Market is only open a half day this Friday, and closed on Monday which is Memorial Day). Honestly, I don't think there is enough time to get them to CS before the vote.
The split will affect all shares. So it's recommended you DR them to further starve the shorties from the real shares available
Is there a reason to keep shares in both ComputerShare and another brokerage account? I've read a few comments regarding this and just trying to understand the reasoning behind it... Wouldnt it be best to have them all in ComputerShare?
Computer Share takes a while to conduct a transaction. So we have a bit in a brokerage account, in addition to computer share, in case we want to make some kind of swift move.
Thanks! I have some in another brokerage account, and just opened a ComputerShare account and bought some last night! 🚀🚀🚀
see you on the moon! 👍
GameStop did not debut a crypto. It is a wallet in beta that will hold both crypto and nfts. The title could be misleading if one isn’t well versed in the gme saga. r/superstonk Please do your own research before investing in anything
This runs with a common theme of decentralized currency, which is obviously the main goal here.
In to see how this banter plays out.
I have a few crypto savvy friends, I'm a dumb silverback that doesn't understand the crypto wallets and stocks and Bitcoin and Doge coin. I tried to learn but I can't watch the market with my job and life. I'll keep stacking physical and be ok when this all hashes out.
Whatbusbthe name of the crypto nft? Is it on webull?
Buy LRC (Loopring)
loopring is a crypto associated with the gme wallet
There isn't one right now. Also stay away from crap like WeBull and Robinhood, you don't actually own any crypto held there as you can't transfer it out to your own non-custodial wallet.
Yep, and also know that shares you think are in your name in all the brokers (TD Ameritrade, Fidelity, Vanguard, etc.) are actually held by the brokers for you in your "Street Name".
Ultimately, if the broker goes bankrupt - basically the SIPC (sort of like the FDIC) will only insure your holdings up to $500,000. And, that's all you'd get even if you had millions of dollars in stock holdings.
Here's this info straight from SIPC's website:
https://www.sipc.org/for-investors/what-sipc-protects
Here's a bit more info:
https://old.reddit.com/r/Superstonk/comments/sza1wm/drs_is_the_way_if_you_want_your_shares_to_sell/
Be careful as you could be playing with fire.
GME is not a gamble play. Its a fuck you to the corrupt hedgies/bankers of wall street.
OF COURSE, it's a gamble.
If ya wanna gamble, and if it pays off you get to bring down the corrupt financial system, then naturally people will be attracted to it.
But ... it certainly IS a gamble. And the odds of it paying off big are long ... VERY long.
"If ya wanna gamble, and if it pays off you get to bring down the corrupt financial system, then naturally people will be attracted to it."
Couldnt have said it better myself.. Not gambling my house and family away but this is the best chance to make an actual change if were right. Only bet what you are willing to lose.
At least, you are looking at it from the right perspective.
Absolutely. Only wager what you are willing to lose as this will surely be an all or nothing proposition. I’m DRS’d for about $4k GameStop and $1k AMC and that’s what I’m willing to lose - or gain. No buying and no selling it’s a gamble but I’m out no more than that. Now it’s time to make popcorn and sit back and watch what happens.
How many shares?
GME closed today at $89.15. What is your 4 grand worth today?
Yes you are right! Bout 10% less than when I Bought them via computershare average position GME about 100
Ok I take it you Work for Kenny boy?
Can we get someone with market skills in this thread to debate?
While people may agree/disagree with @rageous statement, I think a well thought out discussion about it is appropriate.
No market skills needed. They(wall st /bankers/cabal) shorted gme to oblivion to bankrupt the company. We all caught on before GME died(a la blockbuster, toysrus). They fucked with the wrong gamers. GME is where their game stops.
Generally, this statement is true. This time, MSM is telling everyone to sell GME. I am buying, I'll buy some more for you.
Do some DD on shorts and my above statement and you will become a believer.
Thats what THEY want you to believe! This doesnt stop at Melvin. The derivatives market is going to tumble along with banks. You sound like a media echo chamber over there.
The stock market is 100% manipulated and GME is exposing it.
Enjoy the ride.
Greetings Mr. Newbie (with 4 posts, all negative on GME). You (and all the "real" Pedes) might want to learn more about GameStop. They're a long way from being a "failing brick and mortar store". Here's a decent place to start:
https://old.reddit.com/r/Superstonk/comments/tw641b/gamestops_bull_thesis_gamestops_history_due/
Although this is CNN, people interested in this story should read this article about Melvin Capital:
https://www.cnn.com/2022/05/19/investing/melvin-capital-hedge-fund-closes/index.html
While it's true that the fund is shutting down, it is nowhere near worried about "infinite losses."
It lost 39% in 2021 and another 23% this year. Sounds bad ... BUT ... that's AFTER making 52% in 2020, and 30% PER YEAR for the 5 years before that.
From its inception in 2014 until today, when it is shutting down, it made GAINS averaging 11.9% per year -- that's WITH the GME losses factored into the total returns.
It's a bear market, and the guy running it probably can't figure out what to do, so he's just closing the fund (and crying all the way to the bank with his investment managment fees).
The important point is this: Anyone telling you that hedge funds (see??? Even Melvin Capital is going BUST!!!) ... are going to lose "infinity" dollars ... is full of shit.
you literally linked a CNN article on GAW
what a day
I don't know what the angle is on the Reddit conmen, but GME trades enough shares everyday that anyone could get out of a position (long or short) quickly enough.
The really big funds can easily go to a prime broker on Wall Street and have them do it, with their ability to naked short and create money out of nothing, to manipulate the market.
GME is not a tiny float that is hard to buy and sell, so I don't know what the angle is.
But it is a bullshit story, for sure.
the angle is if we DRS the float we expose corruption for the world to see.
They already covered their shorts long ago.
You guys are just circle jerking each other at this point.
Cramer is that you?
yep sure is!
At least, you are rational. One of the few in this thread.
now kith.
I find that it's easier to understand people when they utilize the logical side of their brain, setting aside the emotions for proper discourse that others could potentially learn from.
Emotions running one's mouth will shift a possibly smart discussion topic into weird directions.
Slinging insults at people to get a point across while also failing to discuss the matter with people of differing opinions is asinine. Generalizing people into a group for an opinion because of a disagreement with that opinion is an emotional discharge at best and fails to bring any meaningful insight to the table.
People sometimes need a nudge to use logic more often around here.
While I am biased (GME/AMC) investor I can tell you one thing for sure that is wrong with @rageous statement;
He claims we need others to invest so that we can ‘pull out’. The current stock price is what others are currently valuing the stock at and we can sell at anytime we wish at the current price. We don’t need others to ‘replace’ our investment if that makes sense. If there are no willing buyers at today’s GME price around $89 then the price keeps falling (supply/demand).
The real question you have to ask yourself is why are we having this conversation about a video game new/used retail store chain with a stock value of anywhere near $89 and market cap of 6.8B (that’s billion with a B).? If we simply look at the profit/loss and asset valuation this is roughly 7-8 times what the company and stock should probably be worth 9-13$/share. Why have the New Jersey and California public union pension fund managers and other institutional investors recently begun taking large positions in GME.? The reason is that there is far more going on here than meets the eye and standard company performance doesn’t explain the stock value.
In fact, GME has posted losses in each of the last 4 quarters with an ever widening failure between expected/actual earnings (fact). Yet here we sit with an average stock price at 10X it’s value 18 months ago, but yes down 80% from its high of $483. Something very very strange is definitely going on here with this stock.
Do your own research and come to your own conclusions about why all of these anomalies are occurring with this particular stock and then buy or don’t buy - the choice is always yours to make. But nobody here can tell you with 100% certainty what the future will bring and what the outcome will be. Investing is like fishing or gambling - you do your research and do whatever you can to increase your odds, and that’s the best you can do.
Flat day on the markets overall and both AMC and GME are up 10-25%. Nothing to see here folks - nothing is going on whatsoever - this is completely normal when there have been no spectacular earnings results, mergers/acquisitions etc....!
Just don’t tell me that nothing is going on here with these stocks
Can we say shill?
mayo shill
Than short it.
You sound like the one who's butthurt lol. You losers come in here fudding with no sauce just feel feels.
Greeting Mr. Newbie with 3 posts - all negative on GME. You (and all the "real" Pedes) might want to look into what's really going on. - Here's a good place to start: https://old.reddit.com/r/Superstonk/comments/tw641b/gamestops_bull_thesis_gamestops_history_due/
Just one little bitty problem: Superstonk is full of shit.
I agree with you.
There are probably some well-intentioned people in this thread, and they hope to make money, while shafting the hedge funds, and "blow up the system" while they're at it.
If they want to throw $100 at it for fun, I see no big deal.
But those who might put a lot of their money into this stupid stock manipulation scheme should consider what other people have to say, other than the stock pumpers.
I've been around the markets long enough to see this fake story before. This one has a new twist, but it is still nothing more than hype on stock manipulation.
GME is a dogshit company. Professional shorts figured that out, and shorted it.
Somebody naked shorted it, too. That allowed the conmen on Reddit to pump their story.
But those shorts covered long ago.
As far as the crypto angle, I guess selling computer games is not such a great business, so they are now selling something totally different.
I hope some crypto (and PRIVATE) alternatives do well, but most of them have gone to shit, and the wallets won't be anything worth having if the cryptos aren't being used because people lost their ass the last time.
Melvin may have closed/covered some their shorts - that’s why they have posted nothing but losses and closed the doors. How much do want to bet Citadel and others have neither closed nor covered....?
Correct.
Hey Mag - did you see the GME trend for today? Yeah that’s normal for companies with shitty earnings and nothing good to report suddenly surging 25% in a day from $87 to $112 and still going. Please tell us again that everything here is normal. (Edit 3:00pm now up 30%)
What’s happening now is that the market makers have decided that they can buy long otm calls and just stop naked shorting and make more money just letting the price go where it wants to go, it needs to go, it is going to go ‘naturally’.
And from your previous question yesterday how’s my 4K doing? It’s $4400 now (edit: $4570 now 20 minutes later) thank you for asking. Yesterday it was only $3500.
Edit $4660 and $116/share bout 3:00PM; that’s +30% today alone in a brutal bear market Mags! Please explain this price volatility to the rest here since you are the expert LOlOLOLoL
28% and $114/share now with an hour of trading left for the day hmmmmmm.? Is the whole market up 28-30% today.? My my my, what on Earth could be causing this MAGA? Yes, this is normal for shitty meme stocks with negative earnings and 0 good news on the horizon.
Please explain this type of activity to the rest of the people here you have been preaching to that this is a PONZI SCHEME.
Just admit you don’t know shit, this proves you don’t know shit, and that this isn’t normal activity, and therefore just MAYBE we Could be onto something here.
The post is about buying Gamestop stock. Gamestop is changing their business model from retail brick and mortar store to having digital crypto wallets. Yahoo Fake News Commies are trying to downplay it so their Pedo Hedge fund friends who are shorting, and manipulating the stock don't go bankrupt.
Well that's what the post is about, YES. Although don't listen to me, I am not a financial advisor. I am something of a retard myself, but yes Gamestop shareholders will vote to split the stock, may or may not happen.
IF you buy shares now before the split you will have benefit the most. Try to grab shares for as cheap as you can before June 3rd. The split may or may not happen. Once again this is not investing advice, i am a retard.
I don't know why you're getting down dooted, coz you're right anything could happen. Typically it's better to grab a stock before the forward split, but not always. I could be taken in by bullshit, gotta risk it for the biscuit tho.
I tend to agree with this. About as legitimate as rapper T. I. going from selling records to NFTs
Have you looked into digital goods...like at all?
I know you played video games, how about selling your ingame items or your actual used game, digitally?
The video game market and NFTs have been waiting to blow up, the transaction prices were just so high. We now have loopring to get transaction fees down to pennies.
you have decent arguments but damn you are missing some key pieces here.
Possible, but I'll tell you what I know for sure.
I know for sure that the GME chart will tell me if/when it is time to buy.
Until then, I will avoid losing my ass on what is likely a bullshit story, thank you.
Charts are great and TA is nerdy and cool but not if the markets are manipulated. Good luck with whatever endeavors you decide on.
LOL. I guess you think the charts "hide" the "real" price, huh?
Do you know who Ryan Cohen is and what he did with chewy ? Changing that business model worked out pretty well.
Yep