OK ... FINALLY ... someone in this thread states a fact (though it is not accurate, it is at least a fact that can be analyzed), rather than this mishmash of nonsense that has been slopped around with innuendo and no real facts.
So, thank you for that (sincerely).
Let's do some REAL analysis on GME for a change ...
(1) GME has 76 million shares outstanding.
(2) Of that 76 million shares, 28% (21 million shares) are held by institutions.
(3) Of the 21 million shares held by institutions, 5 million of that is held by Blackrock (not 9 million -- they have already sold off almost half of their position).
(4) Of the 76 million shares outstanding, 19% are currently short (14 million shares).
(5) In the prior month, it was 15 million shares that were short, so 1 million short shares have been covered in the past month. Not a big deal, one way or the other, but you can clearly see that (a) the short position is less now than a month ago, and nowhere near in danger territory, and (b) Blackrock has been selling shares, not holding on.
https://finance.yahoo.com/quote/GME/key-statistics?p=GME
https://finance.yahoo.com/quote/GME/holders?p=GME
(6) The fact that Blackrock holds a relatively large position is not important, IMO, because they are such a huge fund that they own large positions in a lot of stock. Their GME position is only 6.86% of GME stock, so that is not much.
(7) Last year, when the short squeeze WAS happening (already over and done by now), I jumped into the conversation on GAW and AGREED with you longs that you might be on to something. Back then, I remember the short position was 134%. That means there was a MASSIVE naked short position. So, that had to be unwound.
(8) Problem is, that position WAS unwound, and today it is a small short position that is in no way a threat to any hedge fund or anyone else, unless their entire funds are in a short on GME, which would be so stupid, it is not likely at all.
(9) There are touts (who are liars) on Reddit Superstonk that CLAIM they can figure out "super secret hidden" short positions buried inside these big hedge funds that are not reported in the numbers quoted by Yahoo and others (who get their numbers directly from the SEC). When challenged, they NEVER have any evidence that this is the case. They are just blowing smoke up everyone's ass.
Moving on ...
(10) The company loses money, consistently:
https://finance.yahoo.com/quote/GME/financials?p=GME
(11) Their loses are at a rate that could potentially eat up their cash ("burn rate"), but they have held on by (a) borrowing more money, and (b) issuing new stock. Borrowing and diluting is not a successful business model.
https://finance.yahoo.com/quote/GME/balance-sheet?p=GME
(12) Sooner or later, they will have to start making a profit. Maybe they will. Maybe they won't.
(13) We are in a bear market, and stocks of companies that lose money do not do well in a bear market.
(14) Sure, there could be some catalyst that could make it an outlier, but that is a big gamble in a bear market. It is a much better gamble in a bull market, but the stock did not go up even during the multi-year bull market -- with the exception being during the short squeeze in late 2020-early 2021.
The GME managment comes up with weird ideas to promote the company due to the original business model being a failure in the current environment. The touts push their own narratives, as well, and the whole thing confuses a lot of people.
Maybe it will be a good place to park money some day. But that is not today, IMO.
I am open to changing my mind if circumstances change, but I am the one here on GAW who has been right over the past year. Those trying to slam me have been wrong.
Just look at the chart. The chart says it all.
Good luck to anyone playing the game.
OK ... FINALLY ... someone in this thread states a fact (though it is not accurate, it is at least a fact that can be analyzed), rather than this mishmash of nonsense that has been slopped around with innuendo and no real facts.
So, thank you for that (sincerely).
Let's do some REAL analysis on GME for a change ...
(1) GME has 76 million shares outstanding.
(2) Of that 76 million shares, 28% (21 million shares) are held by institutions.
(3) Of the 21 million shares held by institutions, 5 million of that is held by Blackrock (not 9 million -- they have already sold off almost half of their position).
(4) Of the 76 million shares outstanding, 19% are currently short (14 million shares).
(5) In the prior month, it was 15 million shares that were short, so 1 million short shares have been covered in the past month. Not a big deal, one way or the other, but you can clearly see that (a) the short position is less now than a month ago, and nowhere near in danger territory, and (b) Blackrock has been selling shares, not holding on.
https://finance.yahoo.com/quote/GME/key-statistics?p=GME
https://finance.yahoo.com/quote/GME/holders?p=GME
(6) The fact that Blackrock holds a relatively large position is not important, IMO, because they are such a huge fund that they own large positions in a lot of stock. Their GME position is only 6.86% of GME stock, so that is not much.
(7) Last year, when the short squeeze WAS happening (already over and done by now), I jumped into the conversation on GAW and AGREED with you longs that you might be on to something. Back then, I remember the short position was 134%. That means there was a MASSIVE naked short position. So, that had to be unwound.
(8) Problem is, that position WAS unwound, and today it is a small short position that is in no way a threat to any hedge fund or anyone else, unless their entire funds are in a short on GME, which would be so stupid, it is not likely at all.
(9) There are touts (who are liars) on Reddit Superstonk that CLAIM they can figure out "super secret hidden" short positions buried inside these big hedge funds that are not reported in the numbers quoted by Yahoo and others, who get their numbers directly from the SEC. When challenged, they NEVER have any evidence that this is the case. They are just blowing smoke up everyone's ass.
Moving on ...
(10) The company loses money, consistently:
https://finance.yahoo.com/quote/GME/financials?p=GME
(11) Their loses are at a rate that could potentially eat up their cash ("burn rate"), but they have held on by (a) borrowing more money, and (b) issuing new stock. Borrowing and diluting is not a successful business model.
https://finance.yahoo.com/quote/GME/balance-sheet?p=GME
(12) Sooner or later, they will have to start making a profit. Maybe they will. Maybe they won't.
(13) We are in a bear market, and stocks of companies that lose money do not do well in a bear market.
(14) Sure, there could be some catalyst that could make it an outlier, but that is a big gamble in a bear market. It is a much better gamble in a bull market, but the stock did not go up even during the multi-year bull market -- with the exception being during the short squeeze in late 2020-early 2021.
The GME managment comes up with weird ideas to promote the company due to the original business model being a failure in the current environment. The touts push their own narratives, as well, and the whole thing confuses a lot of people.
Maybe it will be a good place to park money some day. But that is not today, IMO.
I am open to changing my mind if circumstances change, but I am the one here on GAW who has been right over the past year. Those trying to slam me have been wrong.
Just look at the chart. The chart says it all.
Good luck to anyone playing the game.
OK ... FINALLY ... someone in this thread states a fact (though it is not accurate, it is at least a fact that can be analyzed), rather than this mishmash of nonsense that has been slopped around with innuendo and no real facts.
So, thank you for that (sincerely).
Let's do some REAL analysis on GME for a change ...
(1) GME has 76 million shares outstanding.
(2) Of that 76 million shares, 28% (21 million shares) are held by institutions.
(3) Of the 21 million shares held by institutions, 5 million of that is held by Blackrock (not 9 million -- they have already sold off almost half of their position).
(4) Of the 76 million shares outstanding, 19% are currently short (14 million shares).
(5) In the prior month, it was 15 million shares that were short, so 1 million short shares have been covered in the past month. Not a big deal, one way or the other, but you can clearly see that (a) the short position is less now than a month ago, and nowhere near in danger territory, and (b) Blackrock has been selling shares, not holding on.
https://finance.yahoo.com/quote/GME/key-statistics?p=GME
https://finance.yahoo.com/quote/GME/holders?p=GME
(6) The fact that Blackrock holds a relatively large position is not important, IMO, because they are such a huge fund that they own large positions in a lot of stock. Their GME position is only 6.86% of GME stock, so that is not much.
(7) Last year, when the short squeeze WAS happening (already over and done by now), I jumped into the conversation on GAW and AGREED with you longs that you might be on to something. Back then, I remember the short position was 134%. That means there was a MASSIVE naked short position. So, that had to be unwound.
(8) Problem is, that position WAS unwound, and today it is a small short position that is in no way a threat to any hedge fund or anyone else, unless their entire funds are in a short on GME, which would be so stupid, it is not likely at all.
(9) There are touts (who are liars) on Reddit Superstonk that CLAIM they can figure out "super secret hidden" short positions buried inside these big hedge funds that are not reported in the numbers quoted by Yahoo and others, who get their numbers directly from the SEC. When challenged, they NEVER have any evidence that this is the case. They are just blowing smoke up everyone's ass.
Moving on ...
(10) The company loses money, consistently:
https://finance.yahoo.com/quote/GME/financials?p=GME
(11) Their loses are at a rate that could potentially eat up their cash ("burn rate"), but they have held on by (a) borrowing more money, and (b) issuing new stock. Borrowing and diluting is not a successful business model.
https://finance.yahoo.com/quote/GME/balance-sheet?p=GME
(12) Sooner or later, they will have to start making a profit. Maybe they will. Maybe they won't.
(13) We are in a bear market, and stocks of companies that lose money do not do well in a bear market.
(14) Sure, there could be some catalyst that could make it an outlier, but that is a big gamble in a bear market. It is a much better gamble in a bull market, but the stock did not go up even during the multi-year bull market -- with the exception being during the short squeeze in late 2020-early 2021.
The GME managment comes up weird ideas to promote the company due to the original business model being a failure in the current environment. The touts push their own narratives, as well, and the whole thing confuses a lot of people.
Maybe it will be a good place to park money some day. But that is not today, IMO.
I am open to changing my mind if circumstances change, but I am the one here on GAW who has been right over the past year. Those trying to slam me have been wrong.
Just look at the chart. The chart says it all.
Good luck to anyone playing the game.
OK ... FINALLY ... someone in this thread states a fact (though it is not accurate, it is at least a fact that can be analyzed), rather than this mishmash of nonsense that has been slopped around with innuendo and no real facts.
So, thank you for that (sincerely).
Let's do some REAL analysis on GME for a change ...
(1) GME has 76 million shares outstanding.
(2) Of that 76 million shares, 28% (21 million shares) are held by institutions.
(3) Of the 21 million shares held by institutions, 5 million of that is held by Blackrock (not 9 million -- they have already sold off almost half of their position).
(4) Of the 76 million shares outstanding, 19% are currently short (14 million shares).
(5) In the prior month, it was 15 million shares that were short, so 1 million short shares have been covered in the past month. Not a big deal, one way or the other, but you can clearly see that (a) the short position is less now than a month ago, and nowhere near in danger territory, and (b) Blackrock has been selling shares, not holding on.
https://finance.yahoo.com/quote/GME/key-statistics?p=GME
https://finance.yahoo.com/quote/GME/holders?p=GME
(6) The fact that Blackrock holds a relatively large position is not important, IMO, because they are such a huge fund that they own large positions in a lot of stock. Their GME position is only 6.86% of GME stock, so that is not much.
(7) Last year, when the short squeeze WAS happening (already over and done by now), I jumped into the conversation on GAW and AGREED with you longs that you might be on to something. Back then, I remember the short position was 134%. That means there was a MASSIVE naked short position. So, that had to be unwound.
(8) Problem is, that position WAS unwound, and today it is a small short position that is in no way a threat to any hedge fund or anyone else, unless their entire funds are in a short on GME, which would be so stupid, it is not likely at all.
(9) There are touts (who are liars) on Reddit Superstonk that CLAIM they can figure out "super secret hidden" short positions buried inside these big hedge funds that are not reported in the numbers quoted by Yahoo and others, who get their numbers directly from the SEC. When challenged, they NEVER have any evidence that this is the case. They are just blowing smoke up everyone's ass.
Moving on ...
(10) The company loses money, consistently:
https://finance.yahoo.com/quote/GME/financials?p=GME
(11) Their loses are at a rate that could potentially eat up their cash ("burn rate"), but they have held on by (a) borrowing more money, and (b) issuing new stock. Borrowing and diluting is not a successful business model.
https://finance.yahoo.com/quote/GME/balance-sheet?p=GME
(12) Sooner or later, they will have to start making a profit. Maybe they will. Maybe they won't.
(13) We are in a bear market, and stocks that lose money do not do well in a bear market.
(14) Sure, there could be some catalyst that could make it an outlier, but that is a big gamble in a bear market. It is a much better gamble in a bull market, but the stock did not go up even during the multi-year bull market -- with the exception being during the short squeeze in late 2020-early 2021.
The GME managment comes up weird ideas to promote the company due to the original business model being a failure in the current environment. The touts push their own narratives, as well, and the whole thing confuses a lot of people.
Maybe it will be a good place to park money some day. But that is not today, IMO.
I am open to changing my mind if circumstances change, but I am the one here on GAW who has been right over the past year. Those trying to slam me have been wrong.
Just look at the chart. The chart says it all.
Good luck to anyone playing the game.
OK ... FINALLY ... someone in this thread states a fact (though it is not accurate, it is at least a fact that can be analyzed), rather than this mishmash of nonsense that has been slopped around with innuendo and no real facts.
So, thank you for that (sincerely).
Let's do some REAL analysis on GME for a change ...
(1) GME has 76 million shares outstanding.
(2) Of that 76 million shares, 28% (21 million shares) are held by institutions.
(3) Of the 21 million shares held by institutions, 5 million of that is held by Blackrock (not 9 million -- they have already sold off almost half of their position).
(4) Of the 76 million shares outstanding, 19% are currently short (14 million shares).
(5) In the prior month, it was 15 million shares that were short, so 1 million short shares have been covered in the past month. Not a big deal, one way or the other, but you can clearly see that (a) the short position is less now than a month ago, and nowhere near in danger territory, and (b) Blackrock has been selling shares, not holding on.
https://finance.yahoo.com/quote/GME/key-statistics?p=GME
https://finance.yahoo.com/quote/GME/holders?p=GME
(6) The fact that Blackrock holds a relatively large position is not important, IMO, because they are such a huge fund that they own large positions in a lot of stock. Their GME position is only 6.86% of GME stock, so that is not much.
(7) Last year, when the short squeeze WAS happening (already over and done by now), I jumped into the conversation on GAW and AGREED with you longs that you might be on to something. Back then, I remember the short position was 134%. That means there was a MASSIVE naked short position. So, that had to be unwound.
(8) Problem is, that position WAS unwound, and today it is a small short position that is in no way a threat to any hedge fund or anyone else, unless their entire funds are in a short on GME, which would be so stupid, it is not likely at all.
(9) There are touts (who are liars) on Reddit Superstonk that CLAIM they can figure out "super secret hidden" short positions buried inside these big hedge funds that are not reported in the numbers quoted by Yahoo and others, who get their numbers directly from the SEC. When challenged, they NEVER have any evidence that this is the case. They are just blowing smoke up everyone's ass.
Moving on ...
(10) The company loses money, consistently:
https://finance.yahoo.com/quote/GME/financials?p=GME
(11) Their loses are at a rate that could potentially eat up their cash ("burn rate"), but they have held on by (a) borrowing more money, and (b) issuing new stock.
https://finance.yahoo.com/quote/GME/balance-sheet?p=GME
(12) Sooner or later, they will have to start making a profit. Maybe the will. Maybe they won't.
(13) We are in a bear market, and stocks that lose money do not do well in a bear market.
(14) Sure, there could be some catalyst that could make it an outlier, but that is a big gamble in a bear market. It is a much better gamble in a bull market, but the stock did not go up even during the multi-year bull market -- with the exception being during the short squeeze in late 2020-early 2021.
The GME managment comes up weird ideas to promote the company due to the original business model being a failure in the current environment. The touts push their own narratives, as well, and the whole thing confuses a lot of people.
Maybe it will be a good place to park money some day. But that is not today, IMO.
I am open to changing my mind if circumstances change, but I am the one here on GAW who has been right over the past year. Those trying to slam me have been wrong.
Just look at the chart. The chart says it all.
Good luck to anyone playing the game.