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)
This is the first I've heard of DRS and direct registering, I'm finally getting around to moving stocks off of Robin Hood to Fidelity, this sounds like a better option than fidelity. I'm taking donations if anybody wants to give their two cents
Robinhood is like asking the shady bully to hold your lunch money for you. Fidelity is like giving it to an acquaintance, who maybe will give it to you, or maybe they get hungry and use it. DRS is keeping it in your own pocket. why direct registering is important
Moving them to Fidelity would be better than leaving them on Robinhood (remember RH were the guys who turned off the buy button last January), but moving them to ComputerShare would be preferable to leaving them on Fidelity.
I moved to Fidelity from RH and now DRS from Fidelity. Super easy with their chat option.
Just tell fidelity to move them,then when they arrive open you computershare acc. Your social security number identifies your shares I belive. Fidelity is real fast takes about 3 days.
As u/Pbman2 says. I got a letter from ComputerShare about a week after they got the shares that you use to create a ComputerShare account.