We are the proud owners of DWAC and <1 share of GME (traded for my measly Dollar General starter stock). It's all down so much. Will we see a bounce back? I'd really like for this to pay off! I invest with a set amount of money when I can. Could this be one of those stocks that people wished they'd bought into and kick themselves for not doing so?
I am still learning and it's taking awhile for it to click in my noggin.
GME is a long story, you're going to have to research. Reddit Superstonk is a good place to start, and so are online podcasters. DWAC speaks for itself. I, personally, think it is going to get worse before it gets better. I only gamble on stocks with money I am okay with losing.
GME is about much more than video games, though. With all respect, 10lbs, your comment shows that you haven't researched GME very well. And that's okay; just know that GME is no longer about video games.
Our society has been designed to keep us enslaved. Our whole way of life is about to change. Imagine a world without a stock market.
yes! sounds good to me!
Won't happen.
Sounds like a communist wet dream, though.
GME is the play. Heres an insane amount of research if you're curious. https://fliphtml5.com/bookcase/kosyg
It isn't.
People who promote that idea are promoting a lie. Including the scammers on Superstonk.
It already did. More than a year ago.
That is not a mandatory disclaimer. You have a RIGHT to free speech. Act like it.
Trump Turthed a tip of the hat to AMC and GME investors for sticking to Wall Street at unprecedented levels. He is sending a message that everyone here missed on a board that decodes what he says. I don't know what you think the plan is if all the players in the deep state get away with this with their fortunes intact.
I think DWAC will explode soon enough. SEC issues are hampering.
Make sure you have physical Gold and Silver. Everything else is gambling.
The whole diseased system is about to come down. When the dollar hyperinflates and society collapses I do not think video games will be in high demand.
You should research gme.
Most people do not realize the magnitude of what is coming.
And I would argue that the truth is so nuanced in so many different fronts, that most people don’t even realize there are multiple fronts in this war. GME is no longer a get rich quick play. It’s systematically exposing the financial fuckery that has ensnared us all
Working on that aspect, too. ;)
How to buy real gold:
https://www.youtube.com/watch?v=K5qrKVASvEw
The daily price of GME literally means nothing except the cost you can buy it at. It is crazy-crime-level manipulated, and will continue to be so until they lose a handle on it and it shoots up to look like a sassy genius 9 year old writing out how many more digits of pi she knows than you.
My feeling is that DWAC is down because of witch hunt litigation in progress. This has caused potential investors to stay away for it.
When that litigation is show for the fakery that it is, the stock will explode.
Bought 1 share 250dollars of GME which I will sell for 10 billion dollars if anyone is interested. That’s the trick. Get 10 billion people to buy 1 share. Not gonna sell cheap because it doesn’t really change my life at all. Bought DWAC at 11.95. So I’ll hold until truth takes over every platform including all of Hollywood.
There is ONLY ONE way to KNOW for sure if your shares are legit, and registered.
It is the COMPANY that keeps the official records, NOT a third party.
Contact Investor Relations at the company, and ask how many shares are registered in your name.
Anything else is a circle jerk.
Yes, I know. Patrick Byrne says he discovered (due to discovery in a lawsuit) that Goldman Sachs makes most of its profit from lending shares, which probably means they are the #1 naked shorter out there. Or at least, they are the ones allowing the hedge funds to naked short.
Not punished due to regulatory capture. I'm all for taking them down, but the touts have sold a bill of goods about the shorts being in a panic about these two stocks, and AMC.
Just not true. Even if it was true back when the short squeeze happened, that story changed and it is old news now.
OK ... FINALLY ... someone in this thread states a fact (though it is not accurate, it is at least a fact that can be analyzed), rather than this mishmash of nonsense that has been slopped around with innuendo and no real facts.
So, thank you for that (sincerely).
Let's do some REAL analysis on GME for a change ...
(1) GME has 76 million shares outstanding.
(2) Of that 76 million shares, 28% (21 million shares) are held by institutions.
(3) Of the 21 million shares held by institutions, 5 million of that is held by Blackrock (not 9 million -- they have already sold off almost half of their position).
(4) Of the 76 million shares outstanding, 19% are currently short (14 million shares).
(5) In the prior month, it was 15 million shares that were short, so 1 million short shares have been covered in the past month. Not a big deal, one way or the other, but you can clearly see that (a) the short position is less now than a month ago, and nowhere near in danger territory, and (b) Blackrock has been selling shares, not holding on.
https://finance.yahoo.com/quote/GME/key-statistics?p=GME
https://finance.yahoo.com/quote/GME/holders?p=GME
(6) The fact that Blackrock holds a relatively large position is not important, IMO, because they are such a huge fund that they own large positions in a lot of stock. Their GME position is only 6.86% of GME stock, so that is not much.
(7) Last year, when the short squeeze WAS happening (already over and done by now), I jumped into the conversation on GAW and AGREED with you longs that you might be on to something. Back then, I remember the short position was 134%. That means there was a MASSIVE naked short position. So, that had to be unwound.
(8) Problem is, that position WAS unwound, and today it is a small short position that is in no way a threat to any hedge fund or anyone else, unless their entire funds are in a short on GME, which would be so stupid, it is not likely at all.
(9) There are touts (who are liars) on Reddit Superstonk that CLAIM they can figure out "super secret hidden" short positions buried inside these big hedge funds that are not reported in the numbers quoted by Yahoo and others (who get their numbers directly from the SEC). When challenged, they NEVER have any evidence that this is the case. They are just blowing smoke up everyone's ass.
Moving on ...
(10) The company loses money, consistently:
https://finance.yahoo.com/quote/GME/financials?p=GME
(11) Their loses are at a rate that could potentially eat up their cash ("burn rate"), but they have held on by (a) borrowing more money, and (b) issuing new stock. Borrowing and diluting is not a successful business model.
https://finance.yahoo.com/quote/GME/balance-sheet?p=GME
(12) Sooner or later, they will have to start making a profit. Maybe they will. Maybe they won't.
(13) We are in a bear market, and stocks of companies that lose money do not do well in a bear market.
(14) Sure, there could be some catalyst that could make it an outlier, but that is a big gamble in a bear market. It is a much better gamble in a bull market, but the stock did not go up even during the multi-year bull market -- with the exception being during the short squeeze in late 2020-early 2021.
The GME managment comes up with weird ideas to promote the company due to the original business model being a failure in the current environment. The touts push their own narratives, as well, and the whole thing confuses a lot of people.
Maybe it will be a good place to park money some day. But that is not today, IMO.
I am open to changing my mind if circumstances change, but I am the one here on GAW who has been right over the past year. Those trying to slam me have been wrong.
Just look at the chart. The chart says it all.
Good luck to anyone playing the game.
ComputerShare is the DRS agent for GME.
Did GME tell you that, directly?
Or was it a rumor on the internet?
Even if GME told you that, it does not change the fact that every corporation is required to keep a register of who owns its stock.
That is a state law in every state.
In which state is GME domiciled? Do you know?
Can you provide any legal citation that shows that the corporation itself does not have to maintain its own register of owners?
Are the shares registered in YOUR name, or ComputerShare's name?
If they are not in YOUR name, and not physically in YOUR personal possession (so you can see and touch the certificate(s)), then you are still vulnerable.
The right way to approach the stock market:
In the case of GME and DWAC, say sayonara to that money. You're not getting it back. If it turns out you do get money from it, then have a party. If you get nothing, oh well. This is the only healthy way to approach it.
The wrong way to approach the stock market:
If you do that, you're all but guaranteed to lose all your money.
I have posted on here before that both stocks are going down. Some people were pissed. Understanable, but it is what it is.
Someone here posted a cheerleader type post when DWAC hit $100. I said it was going down. It is now $23.
I said GME will see $40 before it sees $400 again. It is down at $120, and heading lower.
The first thing to understand is that this is a bear market. That means everything will be going down, sooner or later, until the bear market is over.
DWAC is a unique situation. It would already be near $0 if it weren't for the Trump angle. Because of that, it could do the unexpected. Not saying it will, but there could be a surprise. Just remember it is a SPAC with nothing going for it besides its relationship to Trump (which might or might not eventually prove fruitful). It is a gamble. Take your shot, if you want, but don't bet the farm.
GME is a shit show, IMO. Bad company with bad business model and very questionable actions by managment. Plus, there are obvious pump and dump "boiler room" type touts trying to convince everyone that it is "going to the Moon, Alice!" Except, it isn't.
A bad stock of a bad company in a bad market. You do the math.
DWAC has a unique story that MIGHT make it different, but so far, it has not.
Just wait until there is a valid reason to be in ... AND the stock price starts heading up (for a change) ... if you want to take a shot.
"Buy and hold" is a fool's game in this situation.
I will, of course, get down voted for this, but not because I am wrong. Only because emotions are stronger than logic when it comes to the stock market.
I have done MY research, but I doubt that you have done YOUR research.
Your link is a laughable mishmash of nothing. It is not research.
What is the book value? What is the burn rate? What is current ratio? What is the short ratio?
You don't know. I do.
You are relying on someone ELSE to tell you things -- things that are not even true.
Good luck.
Anyone who clicks on the link you provided will realize who is the one embarrassing himself.
(((Cohen))) you say?
Of course there is a market for games. But does GME have a profitable business model to capture that business? More to the point: Is there some super-secret short squeeze "to the Moon" on the horizon? Your claim here does not answer those questions.
There are lots of people who drink soft drinks, too. More than gamers. So what?
False. They do have debt. And some of their accounting for the debt looks a little shady to me, but I have only scratched the surface. I have not done a major dig (and don't plan to).
They have been able to reduce the debt, but only because they took advantage of the big short squeeze to raise cash via issuing more shares, which dilutes the existing stock.
The only reason they have $1 billion cash is because of that big stock issuance.
Don't want to point fingers, but I will say that it suuuuuure was convenient that the short squeeze happened when it did, because GME was in serious financial trouble before it happened, and issuing stock at $100-$200 brings in a ton more cash than when the stock was trading at $20.
Who exactly is behind the Superstonk board? I dunno, but it suuuuure was lucky for GME that they showed up at the right time.
I have seen stock manipulation before. I know what it smells like. It would be quite ironic if the very people who are trying to fight stock manipulation have in fact played right into the hands of real stock manipulators, huh?
Now that I am revisiting the GME story, I remember mentioning on the GAW boards that GME had a burn rate that would eat up its cash within a year, so it MUST either borrow or issue new stock.
Yep, they issued new stock -- AFTER the big run-up.
But that is not a good thing. It was a move of desperation. They had no choice.
Stock split and dividend are two different things.
Yeah, yeah, yeah ... GME management pushing this. Right when Bitcoin and a few thousand other cryptos are crashing. Probably why they hired the tech guys.
Time will tell ...
News flash: They just issued more shares in the secondary market when they were running out of money. So, the stock could be diluted (again) at anytime, if they want. Not saying they should or will or even want to, just that it can happen (like it already did), no matter how many shares are direct registered. (And, btw, you should really have the stock certificates in your own personal safe deposit box, not with a third party, if you want to be sure.)
The only way out of that problem is if they start turning a profit. If not, they will have to borrow or issue more stock. If Wall Street is against you like you think, then (a) they might not be able to borrow, and (b) they are stupid to pay down debt until they have to (which it looks like they are doing for some reason, though I can't be sure without more research -- which you should do, because I have no interest, one way or the other).
You guys just need to buy another 60 million shares, and hope Goldman Sachs doesn't just "lend" another 100 million at the same time.
That's not what the report says. Did you read it?
A claim that is never backed up with any evidence, when challenged.
Already been through most of it.
I did, below. But you will ignore my analysis because you think there is a super-secret hidden short position that will blow up and make you rich. Not that you or anyone else can prove it. You just have faith.
I get it. You believe in the NFT model and you think that will change everything.
Maybe so.
I will sit on the sidelines and put my money elsewhere. If the Big Squeeze happens (again), I will re-evaluate.
Good luck.
Neither of these two items can be assessed using old paradigms. Each one has unique reasons why the stock has value to plus/minus half of us yet each still has that support.
Are institutional investors 'gaming' both? Yes, and we Hold the Line, same as with other things we have placed our Faith in. Will we buy more at these 'dips'? Youbetcha.
Of course with GME it's all about a thumb in the eye of the banksters and hedge fund manipulators....
With DWAC it is about Faith in Freedom. Neither has any correlation to traditional measurement tools for stocks, haz to do with Tendies!
Institutions move the market. But they don't all agree. That's why the market doesn't just go straight up or straight down. Sure, they game the market in many ways, but they are also trying to out-do each other, and that means they move the market, but they don't really control it.
Yes, and that is my point. The Superstonk guys are, IMO, lying to people who want to have faith. It is all based on faith, and not logic.
There is nothing stopping someone from having some fun with it. But please, don't push the narrative that it is a sure thing, like so many people do. Because it is far from it.
If the price is going to the Moon, why not wait until it is at least off the launching pad? Why wait through the phase where the engines are still malfunctioning? Maybe they will fix the engines and it will take off. But maybe not.
Never heard of your 'superstonk' guys so there's that I reckon.
No one is lying to 'us', we cannot be lied to. It is why we see 'you' trying to rain on our parades just as easily as we see 'them' trying to get us to let up off of GME.
It's a catch-phrase, to the moon Alice! It's same as a logo or hat, a high five to strangers in the crowd who we recognize as resembling us - it is a form of MAGA in that we celebrate our common desire to thwart the institutional banksters and Big Houses and all the Enemy forces who would manipulate us.
It cannot fail because we ain't selling, even tho you seem to want us to sell...
It's ok, we forgive you but your attempts to kill our buzz is noted. Faith IS Logic, the very definition of logic from our perspectives. When that statement makes sense to you you'll also understand why we willingly hold and buy the dips on Faith.
Referenced by someone else upthread, not me. For those who don't know, it is the Reddit touts pushing the narrative about these stocks.
KEK
Like I said upthread ... emotion, rather than logic, when it comes to the stock market.
What, you think I don't know that? I used a metaphor about the metaphor. Went over your head, I guess ... maybe to the Moon?
KEK
Yeah, I can get on board with that concept, but I am pointing out that the touts pushing these stocks are running some shit up the flagpole on everyone who believes it.
It is the Superstonk touts who are manipulating you -- in addition to the Wall Street criminals.
My original response was to the OP, not to you, the permabull who will hold on all the way down. I know you are convinced. Have fun with it, but newcomers should look at both sides of the situation, and you are not doing anything to convince them they should buy.
If you can't convince newbies to buy, then there is no reason for it to go up.
Logic.
Pointing out facts kills your buzz? OK. That's on you, not me.
No, faith is faith, and logic is logic.
Yes, I know you continue to say that. Not sure how you define a "dip" (especially when a stock is not in an uptrend, which is the entire basis for "buying the dip"), but have fun with it.
Taking a post and parsing it line by line, almost word by word is queer azz shiite fella or fellette, you looking for reddit maybe?
When you learn how write like an adult, get back to me.