Inverse Cramer: this tells me the GameStop theory is true. Are we about to see fireworks?
(media.greatawakening.win)
🐸 OK, CRAMER! 🏳️⚧️
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Care to explain more? Thanks
Basically we are buying and the important part is registering our shares. The hedge funds have shorted the stock over 200% and have to buy back the borrowed shares. Once we have the float locked and we don’t sell, the price will rise dramatically. Start reading Reddit/superstonk for much more info. We are talking about generational wealth.
Thanks I won’t ask you all my questions I will do more research but when does. The float lock?
Unknown when float locks, here’s a good couple of links to start: https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/ https://fliphtml5.com/bookcase/kosyg
We are also in the middle of a stock split in the form of a dividend, giving 3 additional stocks to the one you own. It’s a 4 for 1 split, if you own 1 stock, you will get 3 more and end up with 4. They will be worth 1/4 the current cost. But when the price is 1/4 of what it is now, more people will buy.
when HF stop manipulation. TBH. it's been locked for a year. the thing you see is Computershare numbers. Brokers hold some share to justify issuing shorts shares. large companies hold a bunch. the importance of Computer share numbers is those are the shares 100% accounted for and taken out of the pool that can shorted. if you have your shares in fidelity or wherever... those are IOU shares and they can just sell them without your permission. it's in the fine print. there is a lot going on that will take some reading to understand. so what's going to happen is split div, stock jump, fail safes kick in, IOU sold, stock drops, then short sellers run for the door, MOASS. and shorts left will be washing cars at stop lights.
If I bought one share directly computershare.com Can they sell my shares?
I bought thru fidelity, I called and told them I wanted to register with computershare and they did it. You can also message their help desk and they will do it, I have done it both ways. If your shares are in an ira, they will need to tax you for withdrawing. Not sure about other brokers, but, superstonk has info on them.
How hard is it to start a Fidelity account?
What if they are held in my 401k?
I will do it there.
Fidelity is the easiest, but this guide explains how to do it for a variety of brokerages:
Direct Register with ComputerShare
EDIT: Here are more instructions for other brokers. Direct Register
https://www.drsgme.org/
I don't have much money but i will be dumping all i can in it when it drops again.
Buy in after the split/dividend on Friday. The price will be 1/4 of what it is now, as a 4:1 split will take place after hours on Thursday. You can buy 4 for the price of 1.
Is it true not to buy til after the 22nd due to the stock split? Or should I buy now
Don’t know, I’d wait, superstonk says you can still buy and get the split, but gamestock says if you own on the day of record (July 18th) you are eligible for the split. You can call investor relations at GameStop and they might know. Split is on the 21st and I’m not an investment advisor at all.
Superstonk is wrong. The EX date is today. Today it trades minus the dividend
Is there anything we can do to prevent fuckery? I bought some shares with quest trade, but I’m worried they’ll sell them off on us like robin hood did.
Basically, the more of the float we lock in (registering real shares from the available pool to our names) the smaller the pool for them to print fake ones becomes. Once we have 100% of the float locked down they have no pool to print fake shares from, which means that any and all trading from that point on is exposed as completely synthetic or fraudulent. Even if we don't get to 100% registration of real shares, the smaller we can make the pool of real shares the better. There are many catalysts coming and the Hedgies R fuk'd!
Gamestop has $100 million for a stock buyback.