I've been hearing about this for a while, and I've never come close to caring about the real-world stock market. And since, as far as I can tell, there is no .win equivalent of r/Superstonk, I figured I may as well ask you guys.
Here's what I do know, from what I've gathered:
Apparently, GameStop, the chain of video game stores, is one of the very, very few organizations NOT owned in some form or fashion by BlackRock, Vanguard, Rockefeller, or anything else of that nature.
Also apparently, Swamp hedge funds are all betting against GameStop, placing "shorts" and/or "puts" on the company so that they'll make money if GME goes down in price or outright fails altogether. I may have some terminology wrong on this point, so please forgive me if I have--again, this is NOT my forte.
I am told that when the Great Awakening happens and companies start to fail left and right because of the chaos, this will somehow make GameStop's stock skyrocket to astronomical levels; as they say, TO THE MOON! And to Hold On for Dear Life (that is, do not sell) until that happens, possibly even AFTER it happens, because owning so much of that stock will make tons of corrupt hedge funds fail in doing so...somehow.
I didn't buy it for a second. As much uncomfortable truths as I've realized since joining GAW back when it was on Reddit and I went by another name, that just seemed like a bridge too far--that moment where the implausibility of the events in a book or movie shatters your suspension of disbelief and you're just taken completely out of the work.
But again, I didn't know anything about how the real-world stock market. This is all completely over my head. It's one reason I made this topic.
And then, earlier this year, I saw a comment here, comparing it to buying a lottery ticket. If it doesn't go TO THE MOON!, then worst-case scenario, you're out a few bucks. But if it does...your family could be so much better off.
Not the best analogy for someone who doesn't like to gamble, since "the house always wins." And yet, it stuck in my head.
So, a few months ago, I decided to take a chance.
Via Computershare, I bought and DRS'd one share of GME. One. After fees, it ran me just over $20. Feels really weird knowing I'm a minority-owner of a large corporation...
But my family is in serious debt. Even after signing on for a debt-relief agency (and thank you all SO much for the advice, guys, seriously), I still felt like I had to do something to help them.
At the time of this writing, GME's price has dropped about 40% since the time I bought it.
Yet I hold on. I mean...what if you're RIGHT?
I'll probably buy some more soon. I've got some personal matters to take care of in a couple of weeks and I've been saving money for that, but once that's complete, I guess it couldn't hurt to "buy the dip."
But it continues to baffle me how this is even supposed to work. How does this screw our enemies over?
That's what this topic is for. Please, explain it to me.
Just stay away from AMC. Hollywood is dead and on strike. Their CEO is a Private Equity stooge. He destroyed them with dilution after dilution and are 5 billion + in debt like he did in the past, Vail Resorts being one. Don’t fall for Twitter bots and “influencers”.
GameStop is debt free, 1.2 billion in cash, 100 million set aside for a possible buyback, about to have a profitable year in this economy. Insiders constantly buy.
Every time I hear people talk about AMC, I have to remind myself it's the movie theater chain, NOT the television network that aired Breaking Bad and Better Call Saul. The network's stock symbol is AMCX.
The TV network also owns anime dubbing studio Sentai Filmworks.
Correct and that was the extremely shorted stock, not AMC. Therefore their scumbag Private Equity CEO collluded with MSM, Citadel, Robinhood, Twitter influencers and a twitter bot army to push AMC on to useful idiots with a million #AMCtothemoon hashtags or some shit. They even gave them an APE dividend at some point, literally laughing in their face lol
AMCX was the extremely shorted stock? Your wording is confusing.
Yes sorry. In January 2021 AMCX was extremely shorted and the MSM and gang colluded to push AMC onto dumb “apes”
So I should buy AMCX as well? Always wanted to get into anime... (kidding)
Lol
Just occurred to me--since AMCX was so shorted, does that mean it will go TO THE MOON! as well when other things go belly-up?
Here's my two cents.
The "stuff" has already hit the fan.
To put things in perspective, imagine you and your friends literally own the world. TRILLIONS of dollars in assets. What do you do with trillions of dollars in assets?
Why, you need to invest that in markets all across the world. Some of it goes to "legitimate" markets like the stock market and the bond market and the commodities market and such like that. With this money, you get power to control these companies, and so you grow that money as much as you can so you can get more and more power.
(Of course, they invest in illegitimate markets such as the drug trade and such.)
Now consider that you are some mid-tier minion in this global supergroup. You are in charge of billions of dollars, and you are supposed to be using the stock market to make billions more, and do whatever else the group needs done.
You have to make some very risky bets because your bosses tell you to. So you need to offset that with some safe bets. Since you can't find any safe bets, you have to CREATE safe bets.
Oh look, there is a company that isn't doing well. It's not one of the protected companies. It's going to fail because "we" want it to fail. OK, let's short it.
Oh wait, it's already 100% leveraged? Who cares, short it anyway -- the naked short! You don't NEED to own stock to short it -- just tell people you do and they'll never figure it out.
Oh no, the price is going up? Quick, buy some stock to cover your short.
Oh no, they aren't selling? The price is going up too fast! Now I am losing money!
Call my boss -- "You NEED to stop trading this stock, and its price MUST go down! Yes, it is a matter of life or death. If you can't do this, WE WILL LOSE TRILLIONS! Not just the billions you gave me -- TRILLIONS!"
This is what is happening.
It's not just this one segment of Evil, Inc that is failing -- they are losing money EVERYWHERE. And they can't just move assets around to cover their losses. They need the Federal Reserve to print TRILLIONS of dollars to get them out of the hole, or they are going to lose it ALL.
Isn't the Fed bankrupt?
Hence the bigger problem.
If it wasn't then, it is now, and it is only alive because people have a good imagination.
IIRC, Trump made the Fed pay for the relief checks during covid. We didn't spend a federal dime on it.
Right there with you. Hoping it all pays off
Buy and hold. Shorts haven't covered.
However, you need to familiarize yourself with recent happening with the Treasury. They're seeking to expand "Too Big to Fail" status so Citadel can infinitely short Gamestop (and AMC and other meme stocks).
https://greatawakening.win/p/17rT21zUnv/citadel-securities-seeks-to-be-b/c/
Hedgies r fuked when they buy them back at 69,420.
I haven't been following gme much,I'm busy with bobby. Many belive they are in the same ETF basket and if one launches then the rest will follow.
I almost bought some more gme today,it's a very good price.
Haven't BBBY's shares been "extinguished/eliminated" with the failure of the Bed Bath & Beyond store chain? That's what I read happened at the end of September.
They were recalled to preserve the NOL - net operating loss. Looks like buy buy baby is coming back, and they have to keep stockholders to use the NOL.
Their are people that still have shares of blockbuster in their accounts. Shares don't dissapear when the company go's bankrupt, normally you have to write a letter to the broker and have them removed. It's mainly a tax thing.
I’ve been trying to follow what’s going on w bbby bankruptcy. Short story seems like restructuring and possible merger type thing happening in background. Seems some anomalies just like other meme stocks. Just a tinfoils guess but it might be the trigger mechanism that sets off MOASS / stocks crash. I’m thinking white hats may need to set up for max controllability set of dominoes. Start with small something you control via courts and judges to exact time you need to set off.
I still don't get it, so I'll take your word for it. Like I said, this isn't exactly my area.
Same, right there with you, but unfortunately I bought in at a lot higher price. I’m buying more tomorrow though lol now that it is low.
Make sure you DRS your shares in your name. The most important thing to do after purchasing shares through your broker. Drsgme.org
When the squeeze happens those not DRS'd will be left with IOUs.
Everyone is waiting for a trigger to force margin calls to the big banks. It will probably cause or be triggered by a giant financial market collapse. Think of a giant house of cards full of debt and derivatives.
Computershare automatically does the DRS for you.
Yes good point, but they charge a few bucks per buy order.
Better than dealing with Fidelity, who wanted a photo of my Social Security card, which I couldn't find.
Can you do this online, or do you have to call in?
Online, but the hardest part is getting your account activated.
They send you your activation code via snail-mail. You have to wait several days for it to arrive, before you can actually buy anything.
Arrgh, more financial shit I don't understand. Thank you for the info though!
Watch Dumb Money and Eat the Rich: The GameStop Saga
Antstrades on utubes says gme amc are the same stock ..on the same algorithm...people here say amc is the distraction...I own both on a larp ...as Dave says " let's see what happens"..(ants thinks soon)
No. Not even close. One is Hollywood. Hollywood is dead and on strike. No movies ever come out anymore. They have been diluted to shit so any hope of squeezing is dead plus these idiots are NOT directly registered so the DTCC owns their shares in brokers. Their CEO is a Private Equity scumbag with a history of destroying companies. Insiders sell shares en masse and never buy. They are ridden with over 5 billion in debt with no plans besides a Taylor Swift concert (lol). Ticket sales and revenues are still down over 30% pre covid levels and now Hollywood is on strike. AMCX was shorted to shit, but MSM used a different ticket in collusion with the CEO, Robinhood, Citadel, Twitter bots and paid off influencers. I just feel bad for the people who actually bought this shitco. Sad.
What about their gold mine?
That should be better than the movie business.
Not if you understand the fact that their CEO is a Private Equity stooge. Apollo paid him for a full year while he was CEO of AMC. They do hostile takeovers. Ask Vail Resorts. If you believe in the goldmine then invest in HYMC, at least it actually supports your argument. They only own 22% or some shit in shares which can be liquidated at any point in bankruptcy. Like 30 million dollars or some shit. It’s far away from their 5 billion dollar + debt and now with Hollywood on strike and about to go down for pedophilia and satanism
Edit: their investment and 23 million shares are now worth roughly 5 million
https://finance.yahoo.com/quote/HYMC/
I don't have an argument I never had any AMC.
It was more of a joke.....
i had some calls on HYMC i made good money on those, i would buy calls on some platinum companies if i was buying miners.
Taylor don't need hollywood
I know about Aladdin AI, making trades faster than we mere humans can keep up with, to the benefit of the already-super-rich.
The others I can't wrap my head around.