I have tried to understand GME and how this is relevant to the Plan. Can someone provide a basic 4th grade summary? I have been dreading putting it out there like that, and I expect to hear, "Do your own research." The point is... I'm not understanding what I am reading!! It's just not sinking in. Thanks in advance.
Buy a few shares, DRS them and just wait, patience is required. Start reading Reddit/r/superstonk. If you like what you read, buy more! That’s how I started, I do believe there will be another short squeeze. It might take some time because it takes time to lock the float. Superstonk has an entire library devoted to this.
The company that keeps the registered shares for GameStop is Computershare, they also keep registered shares for Apple and many other companies. Other stocks may use other companies. Anyway, all you have to do is tell your broker you want them to be directly registered and they have to do it. Fidelity and some other decent brokers do it for free. If your broker wants to charge you to do it, perhaps, you should look for another broker. Your broker transfers them and opens an account in your name with Computershare.
I know what a short is. It's when you "borrow" a share for a certain time before selling it back, expecting the price to drop. I was following it a bit back when it first started and i remember reading that they were delaying the inevitable squeeze by borrowing borrowed shares, and that there were many more shares in circulation than actually existed. What's to stop that from happening again?
From what I’ve read, there are tons of naked shorts out there, hedge funds are swapping shorts and manipulating the price with puts and calls. If they try to actually buy shares to cancel out their short positions, they will lose a fortune because the current price is way higher than what it was when they borrowed the stock. They are just trying to make it one more day, when the float locks, price goes up, and they can’t pay their margin requirements. That’s when the next squeeze occurs. MOASS.
Not sure if it's relevant to the plan but hedge funds shorted GME so much and never closed their positions. Tons of individual investors bought GME and are not selling. Hedge funds continue to short GME to suppress the price. If they close their positions the price will sky rocket and bankrupt wallstreet. The whole GME fiasco is exposing the wall street cabal and it's entities.
Not really a stalemate, hedge funds are bleeding. They are losing tons of money every day. There is proof of this because Citadel had to post their earnings report. Also people are "DRSing" (Direct Register Share) their shares, which means removing the shares from the DTCC and putting the shares in their own name. The more shares removed from the DTCC the more harder the hedgies will have suppressing the price. Individual investors have Direct Registered over 50% of outstanding shares. This has never happened in history.
Me personally, I like the way the company is transforming their business model. They are going to be successful. If there is no major short squeeze I won't mind, because my research shows they are setup to become a very profitable company.
Only a few brokers will allow IRA accounts to be DRSd without taxing them. I use Fidelity and to transfer to DRS, I had to have Fidelity move the shares to my cash account and then DRS from there. They charged me 20% for Federal taxes.
Buy GME cause the company is great and the stock is massively short. Right now retail has over 50% of the float locked up in computershare. Soon we will have it all.
I have tried to understand GME and how this is relevant to the Plan. Can someone provide a basic 4th grade summary? I have been dreading putting it out there like that, and I expect to hear, "Do your own research." The point is... I'm not understanding what I am reading!! It's just not sinking in. Thanks in advance.
See if this helps,,,ps I havent researched the topic beyond general idea so not an expert by any means.....
https://greatawakening.win/p/15IqsnoDgP/mathematically-impossible-proof-/
edit....just noticed some info from original thread has been deleted
Yep the OP deleted his account after he posted a huge document detailing coincidences involving GME. Pretty suss.
Was it this? I couldn’t remember who made this one but I saved it https://files.catbox.moe/qjs9e2.jpeg
Some stretches in that but thanks for posting!
I appreciate it!
Buy a few shares, DRS them and just wait, patience is required. Start reading Reddit/r/superstonk. If you like what you read, buy more! That’s how I started, I do believe there will be another short squeeze. It might take some time because it takes time to lock the float. Superstonk has an entire library devoted to this.
How do you DRS. Them?
The company that keeps the registered shares for GameStop is Computershare, they also keep registered shares for Apple and many other companies. Other stocks may use other companies. Anyway, all you have to do is tell your broker you want them to be directly registered and they have to do it. Fidelity and some other decent brokers do it for free. If your broker wants to charge you to do it, perhaps, you should look for another broker. Your broker transfers them and opens an account in your name with Computershare.
Can't they just "short the shorts" to wait out the short squeeze? Sorry if this sounds retarded, I don't know much about stocks
It doesn’t work that way. Read up on short definition, it’s not too hard to understand.
I know what a short is. It's when you "borrow" a share for a certain time before selling it back, expecting the price to drop. I was following it a bit back when it first started and i remember reading that they were delaying the inevitable squeeze by borrowing borrowed shares, and that there were many more shares in circulation than actually existed. What's to stop that from happening again?
From what I’ve read, there are tons of naked shorts out there, hedge funds are swapping shorts and manipulating the price with puts and calls. If they try to actually buy shares to cancel out their short positions, they will lose a fortune because the current price is way higher than what it was when they borrowed the stock. They are just trying to make it one more day, when the float locks, price goes up, and they can’t pay their margin requirements. That’s when the next squeeze occurs. MOASS.
Thanks!
Not sure if it's relevant to the plan but hedge funds shorted GME so much and never closed their positions. Tons of individual investors bought GME and are not selling. Hedge funds continue to short GME to suppress the price. If they close their positions the price will sky rocket and bankrupt wallstreet. The whole GME fiasco is exposing the wall street cabal and it's entities.
I see. That really helps. Thanks.
So, is it a stalemate? Should I buy some GME to help the cause? (Not asking for financial advice)
Not really a stalemate, hedge funds are bleeding. They are losing tons of money every day. There is proof of this because Citadel had to post their earnings report. Also people are "DRSing" (Direct Register Share) their shares, which means removing the shares from the DTCC and putting the shares in their own name. The more shares removed from the DTCC the more harder the hedgies will have suppressing the price. Individual investors have Direct Registered over 50% of outstanding shares. This has never happened in history.
I suggest you read more at https://old.reddit.com/r/superstonk
Tons of resources to help you make your decision.
Me personally, I like the way the company is transforming their business model. They are going to be successful. If there is no major short squeeze I won't mind, because my research shows they are setup to become a very profitable company.
Really grateful. Thanks.
Can you DRS shares held in a IRA?
Only a few brokers will allow IRA accounts to be DRSd without taxing them. I use Fidelity and to transfer to DRS, I had to have Fidelity move the shares to my cash account and then DRS from there. They charged me 20% for Federal taxes.
You can through a custodian, but they are never really in your name.
Buy GME cause the company is great and the stock is massively short. Right now retail has over 50% of the float locked up in computershare. Soon we will have it all.
The op link isn't working, Wayback says it hasn't archived the url.
Have they deleted the archive?
I have some GME btw.
which link?
The title link.
https://web.archive.org/web/20220822200752/https://finance.yahoo.com/news/ryan-cohen-bed-bath-morning-brief-august-22-093040399.html
Perhaps it's just me, but the "save" button didn't work either.