Volume is at 23 million right now, pre-market! For comparison, on May 1, it was 2.66 million and $11/share.
Roaring Kitty woke up on Sunday and Andrew Tate urged everyone to buy after buying $1 million worth of shares himself - to help take down the Matrix. Game on!
I have a limit order to sell 10 shares at 120 to cover all investment plus take a small profit - I'll be playing with House money from then on. HODLING the rest until life changing money is offered
I am sitting tight on all shares. Most are DRS’d which makes it easier to HODL. I’m going to watch this week play out as I believe this could drag on for weeks as the swaps expire with the shorted shares and the hedgies become more desperate.
I’ve waited 3 years. I can be patient. I also know Ryan Cohen has a plan so if I miss selling, some blockbuster deal is in the works with a lot of the other stocks I also own.
Don't get me wrong, I'm hodling a lot more than I'd be selling - just covering my investment so then I can feel okay if it drops to zero (not what I expect but this stategy worked out great for me on a few other trades, DWAC in particular)
Computershare is so slow right now, couldn't sell my DRSd shares if I wanted to kek
Yeah, my daughter is at work and asked me to try to put a limit order in on her account. Very slow. Haven’t been able to yet.
Buy via a broker and then DRS?
Is it still supposed to go to a ridiculous price per share at some point?
Yes. Apparently the shorted shares were put into swaps that have now started expiring. They were counting on GameStop being delisted and it is not. Time to pay the piper. A lot of pissed-off retail investors will make them pay big bucks to get hands on real (not synthetic) shares.
💯
Who has the risk on the swaps?
I saw on one comment (I think?) that Credit Suisse is one?
Who knows - that's what I'm hoping for but will sell enough to cover all i have into it if share price gets that high.
Smart move.