Whats the latest? Are we hodling? I havent seem anyone mention stonks in awhile.
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I continue to hold. I believe GME will increase in value due to Cohen getting rid of non-profitable stores, getting into the card grading business, his new products such as the game controller. In addition, his creating and selling additional shares increases interest income on the huge cash balance he carries. Christmas season will surge the sales and price of the stock. I’m not so sure about MOASS, however, as the price of the shares continue to rise, eventually margin calls will force shorts to cover and that will be at a tremendous cost to them.
Everything Ryan Cohen is doing will ensure Gamestops longterm success after MOASS.
Trump/DOGE will sort the non functioning SEC out. Trump will be the crypto president which will clear a legal path for GME (and possibly the entire market) to head into NFTs.
Tump will take on the illegal shorts directly via DJT. This will affect GME.
And shorts must close, not just cover. Margin calls will be the start, the whole "infinite losses thing" is when MOASS really begins.
Follow https://x.com/edwinbarnesc - He is keeping on top of the happenings.
Thanks for the additional info, I did just now follow edwinbarnesc. Thanks!