If you havent seen the movie about game stop called "Dumb Money" please watch it.
The movie is a reflection on what took place during the gamestop short squeeze. In a nutshell you had Citadel who managed the order flow for RobinHood and other brokers collude with wall street hedge funds to screw over retail. The hedge funds and citadel were losing billions on their short positions in an attempt to bankrupt Game Stop.
Retailers, led by an anon who goes by Roaring Kitty noticed the large short position on GME and started to squeeze wall street. It led to a massive move in GME which was thought to be the squeeze that would end the short and wall street.
Unfortunately the brokers at the direction of Citadel disabled retail from being allowed to open new positions on GME, killing the squeeze.
Congress even investigated the events and found no wrong doing.
Now fast forward to now. Donald Trump is going to be winning back the office. He also will have a publicly traded company after his initials - $DJT on the nasdaq for Trump Media and Technology company.
Retailers who know absolutely nothing about the stock market but love Trump, will buy this stock in a frenzy just because its tied to the greatest president of our time.
I imagine a lot of shorts who have TDS will be shorting it as well, but we know our movement is greater and those shorts will be trapped. Wall street will see this as another opportunity to steal from retail and short it as well.
End result, we will see another GME with DJT stock. It will be more powerful then GME and do you really think Trump will be siding with wall street who was shorting his company? Dont think so.
Retribution is coming. We will see the real MOASS and it will take out wall street and citadel from the game they have been controlling.
Here's the thing bro, while I have no doubt DWAC or anything related to Trump is a winner, there are quite a few flaws when you are comparing the 2 tickers and with your thesis in general. Dumb money is complete trash, no offense (entertaining though I must say I enjoyed it as a movie). What it fails to mention is for 2 years after the sneeze, people started Direct Registering their shares out of brokerage accounts. GME has 200,000 DRS holders (more than amazon, apple, microsoft combined) totaling around 75,000,000 shares currently. If/when DWAC surges to crazy heights, nothing will stop brokers from doing crime as you are only a BENEFICIAL owner of the stock if it is held at a broker, it's in the fine print, people do NOT own shares in brokerage accounts (ie fidelity, schwab etc) the DTC owns them.
Also in relation to GME, look up the concept of "cellar boxing". This was done to companies like Toys r us, sears, blockbuster, radio shack etc...which is basically naked shorting companies to death. They were doing the same ole song and dance to GameStop until they go caught. It is advantageous for them to do so because when the company is shorted to bankruptcy they do not pay taxes on their capital gains. They started driving it down over a decade ago with this concept in mind. VC's or PE stooges ( ie Appollo and Adam Enron, I mean Aron with AMC) buy up tons of shares to get a few board seats, and then make terrible decisions, rack up debt while their buddies rake in free cash naked shorting the company and buying options.
With that in mind, when Ryan Cohen stepped in they cleaned up the board, cleared all debts and are now possibly about to reach full year profitability with over 1 billion of cash on hand while still having all these naked shorts (4x the number after a 4:1 split actually). Example you can search filings and see that many institutions will have say 25,000,000 shares but have 0 voting power. Why? They lend out all their shares to hedge funds so they can short them. In this racket, the same share can trade back and forth like that basically an infinite amount of times.
Again, anything DJT touches will end up turning into gold, no doubt about it. Just that comparing the 2 tickers is not at all in the realm of situations. Maybe this short video can clear it up a bit more. And see below a documentary that was censored for years called "the wall street conspiracy" feat Patrick Byrnes and overstock amongst others, it will make you sick what they do. You will see a few characters in the documentary that have been related to the GameStop saga as well like securities lawyer Wes Christian and former DTCC Suzanna Trimbath
https://www.youtube.com/watch?v=JGWN1-I8Kac&t=7s&pp=ygUbZ2FtZXN0b3AgYSBsb25nIHN0b3J5IHNob3J0
https://www.youtube.com/watch?v=26_IcexvePA&pp=ygUadGhlIHdhbGwgc3RyZWV0IGNvbnNwaXJhY3k%3D
Edit: Also this started prior to Roaring Kitty. There was a plan behind this for a long time prior to KG. Started in 2019 with Michael Burry and what some might call a genius in terms of the market. Now think of the name of the company. It's like poetry for the situation.
https://www.businessinsider.in/stock-market/news/big-short-investor-michael-burry-paved-the-way-for-the-gamestop-frenzy-when-he-bought-a-stake-in-2019-heres-the-story-of-burrys-game-changing-bet-/articleshow/80722813.cms
Edit 2: And don't forget about this guy lol, Anthony Chukumba
https://www.youtube.com/watch?v=SH3XucrJkpI
u/#q464
u/#q480
u/#q524
Oh, you're down here.. disregard my paging you on the other comment lol
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