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)
MOASS on monday.
EDIT: I think after what Biden said (economy is in great shape mumble) we are ready to get full red blast in markets and moass.
Great post - Thank you.
Thanks for the summary. I didn't know the short interest right now is approaching 1/21 levels. That's encouraging!
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.
I think the SEC video was to dissuade the general public from FOMO once things start taking off. They realize a moonshot is inevitable and they're going to attempt a controlled demolition of the financial sector in hopes of not breaking all their tools of wealth extraction.
Thanks for the post. Can you please educate me a bit about this EO? I'm assuming you're referring to 14032.
https://www.federalregister.gov/documents/2021/06/07/2021-12019/addressing-the-threat-from-securities-investments-that-finance-certain-companies-of-the-peoples
I might not be understanding this correctly, but it seems that it reads that the EO was in effect on June 3, 2022 - in other words, the sales were permitted until, or prior to, June 3, 2022
*The purchase or sale of publicly traded securities described in subsection (a) of this section made solely to effect the divestment, in whole or in part, of such securities by a United States person is permitted prior to:
(i) 12:01 a.m. eastern daylight time on June 3, 2022, with respect to any person listed in the Annex to this order; or
(ii) 12:01 a.m. eastern daylight time on the date that is 365 days after the date of the determination in subsection (a) of this section with respect to any person not listed in the Annex to this order.*
This is subsection a (a) The following activities by a United States person are prohibited: the purchase or sale of any publicly traded securities, or any publicly traded securities that are derivative of such securities or are designed to provide investment exposure to such securities, of any person listed in the Annex to this order or of any person determined by the Secretary of the Treasury, in consultation with the Secretary of State, and, as the Secretary of the Treasury deems appropriate, the Secretary of Defense
This is not my area of expertise whatsoever, so would appreciate any help.
I get this may be outside the scope of this thread but I have some shares in webull. How does one go about transferring them or DRSing them on CS?
Edit: $115 transfer fee! That's absolute bull shit
do you still reco buying calls after june?? ty
But definitely buy more shares if you can afford it.
No. Too much speculation. Now we hold GME until it erupts.
Just seeking information and not financial advice.
How would one go about DRS GME shares held in Vanguard IRA without withdrawal penalty? How does DRS work in practice? Are you moving to a new brokerage account? Any info is greatly appreciated.
This is a problem that everyone is still working on. No it is not a brokerage, it is the transfer agent between a company (gme) and the dtcc. It allows you to hold stocks in your name, instead of being the beneficial (but not actual) holder of stocks when held in brokerage
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.
Holy shit. Major shill alert.
DO NOT PLAY OPTIONS.
Read up at superstonk before you do anything but OP is a hedgefund shill.
Correct no one is buy options on supperstonk. OP is probably selling covered calls and trying to make money. If you buy an option it may be from the OP.
Lol. Check my prior postings before you clamor & scream “SHILL!”
Anyone pushing options is a shill.