GME: The Bad, The Good, What’s Next
THE BAD:
-MOASS did not arrive on 6/3
-The SEC, fully funded by tax payers & charged to serve & protect the public from Wall Street shenanigans, put out a fricking commercial lambasting GME stockholders. They basically mocked us as ignorant, childish & stupid to invest in GME or any meme stock. The SEC is part of the deep state & they are in bed with Wall Street. This is a clear indication that they are very afraid of what is coming with GME & they want newcomers to stay away from purchasing the stock.
THE GOOD:
-Since the time I began telling you to buy GME the stock is up around 60%+ already.
-Biden did NOT extend the EO for a 3rd time
-Biden not extending means that these sanctions are now fully in place.
-The Q1 earnings report was better than expected & GME is flush with cash (no debt at all)
-The shareholders approved the ability for a split/dividend to occur. Now we wait for the BOD (board of director) to pull the trigger…likely when the stock reaches $200+
-The cost to borrow against GME is 25% short interest. It was .7% in January. This is great news for potential MOASS. The short interest rate for the 1/28/21 sneeze was 28%
-WHAT’S NEXT?
-Per our plan, we keep buying weekly call options at our subsequent Friday expirations all through June. The Biden EO still may have been the catalyst we were hoping for, but the stock hasn’t reacted yet. We will still be spending 5%-7% of our remaining options budget each week through end of June.
-Keep buying $GME shares if/when you can afford it. Then DRS them to Computershare.com so you can directly register them with GME’s transfer agent (here you own them fully & outright)
Nice, thanks for posting! I hate going to reddit for GME info...
Only thing I'd add, if you already have shares DRS'd with CS buy additional shares through them but make sure they are indeed directly registered. I forget how this is done but easy inside your CS account. Hopefully someone will pipe up how to, if not I'll look. It up later.
Any share purchased directly through CS is automatically DRS'd. In a Q&A a few months back, a CS rep said there is no difference between Plan and Book when it comes to DRS. The only shares not DRS'd are shares purchased through a broker, so everyone should be purchasing directly through ComputerShare if they want to own their shares directly instead of them being in "street name" through the broker.
Thanks for the clarification. I'm holding steady on my 15 I've had about a year or so now.
DRS'd them shortly after that became the thing to do, and verified they were properly registered. I'm tapped and staying at 15 but just wanted to throw the word out, make sure everyone's shares are straight.