GME (Gamestop) up 25% in one day
Discussion
Derek Chevalier said:
Completely random one. You still have a BBG terminal? Is that still the most efficient way to get the info you need?
If you're in the business then yes, still the best. Reuters is a better user interface, but Bloomberg the best for news and people have been using it for so long they don't want to change. 
limpsfield said:
GameStop is a fruit machine. It’s for the dumb money. That doesn’t mean you can’t make money from it, but don’t kid yourself there is any rhyme or reason to it more than 12 months after the initial meme stock frenzy started.
I think you might not be up to speed on very recent developments.This is not financial advice but it might give anyone interested some info that you might not be aware of, regarding the potential for GME to very rapidly increase in price up to extremely high levels.
Ryan Cohen
https://www.forbes.com/sites/zackfriedman/2020/08/...
OK, so this guy, Ryan Cohen, displaced Amazon in the pet sector by co-founding and developing chewey.com. Sells it and moves into Gamestop while it’s in a bad way.
He brings in BSC (Boston Consulting Group) to help turn things around. However they’ve got other ideas and collude with hedge funders to drive the stock price down further in order to profit from the intended destruction and breakup of Gamestop.
He fires BSC and basically invites them to sue him.
Remember Blockbuster? Guess who was brought on board to expand the chain? BSC
Remember Sears? Guess who was brought on board to expand the chain? BSC
Remember Toys R Us? Guess who was brought on board to expand the chain? BSC
Obviously not a coincidence, they had no intention of doing anything else than destroying these chains and there are many other similar stories about other businesses being destroyed for the personal gain of the likes of BSC and short sellers.
So this is basically why there’s a huge battle between ‘dumb money’ as limpsfield calls us retail investors - and hedgefunders/short sellers who use every dirty trick in the book to depress stock prices (dark pools, wash sales, order spoofing, odd + mixed lot trades, block trades, broker internalisation, market makers exemption, market makers internalisation, naked shorting, payment for difference, PFOF, market makers codes, coded orders, market halts, volatility halts, pump+dumps, poops+scoops, short+distort and more - like odd lots).
But it’s not working because:
- retail investors have Direct Registered more shares (total 12.7million) than the shorts can access, at a rate of 40,000 per day over the last 6 months
- utilisation of GME stock over the last 81days and counting is 100%
- 38.2% of free float locked and growing
- shorts seeing some ridiculous cost to borrow rates - 239%, 250% via Ortex
These factors, combined with others, ultimately lead to ‘infinite risk’ for short sellers who HAVE to close their positions if the stock price rises, regardless of the price difference - meaning - MOASS takes place, the price rockets with no upper theoretical limit - retail investors will be able to name their price when it comes to selling their stock/s back to the shorts who are legally obliged to close and have to buy.
This is why shorts/hedges are so desperate to try to suppress the price at almost any cost - remember what happened to Melvin just recently. But it’s not sustainable and when they’re overwhelmed by the buying and DRS pressure, the price will very dramatically increase and keep on rising.
That’s SOME of what this is about. An anticpated price of hundreds of thousands of dollars per stock, perhaps MUCH more, and bloody nose for shorts and their cronies who will short a company just for a laugh despite the damage it causes to people’s livelihoods and wellbeing.
GME is, 100% going to develop into a MAJOR tech company. They’re going to take control of the stock price and allow it to thrive as the business develops out of the hands of hedgefunders and 100% into the hands of the shareholders and board. There is one definite way GME can leave the shorts and hedges behind and hopefully we’ll see this change take place in the next couple of weeks.
If you want to take part, buy, DRS and hold your share/s. DRSing is vital.
Ryan Cohen
https://www.forbes.com/sites/zackfriedman/2020/08/...
OK, so this guy, Ryan Cohen, displaced Amazon in the pet sector by co-founding and developing chewey.com. Sells it and moves into Gamestop while it’s in a bad way.
He brings in BSC (Boston Consulting Group) to help turn things around. However they’ve got other ideas and collude with hedge funders to drive the stock price down further in order to profit from the intended destruction and breakup of Gamestop.
He fires BSC and basically invites them to sue him.
Remember Blockbuster? Guess who was brought on board to expand the chain? BSC
Remember Sears? Guess who was brought on board to expand the chain? BSC
Remember Toys R Us? Guess who was brought on board to expand the chain? BSC
Obviously not a coincidence, they had no intention of doing anything else than destroying these chains and there are many other similar stories about other businesses being destroyed for the personal gain of the likes of BSC and short sellers.
So this is basically why there’s a huge battle between ‘dumb money’ as limpsfield calls us retail investors - and hedgefunders/short sellers who use every dirty trick in the book to depress stock prices (dark pools, wash sales, order spoofing, odd + mixed lot trades, block trades, broker internalisation, market makers exemption, market makers internalisation, naked shorting, payment for difference, PFOF, market makers codes, coded orders, market halts, volatility halts, pump+dumps, poops+scoops, short+distort and more - like odd lots).
But it’s not working because:
- retail investors have Direct Registered more shares (total 12.7million) than the shorts can access, at a rate of 40,000 per day over the last 6 months
- utilisation of GME stock over the last 81days and counting is 100%
- 38.2% of free float locked and growing
- shorts seeing some ridiculous cost to borrow rates - 239%, 250% via Ortex
These factors, combined with others, ultimately lead to ‘infinite risk’ for short sellers who HAVE to close their positions if the stock price rises, regardless of the price difference - meaning - MOASS takes place, the price rockets with no upper theoretical limit - retail investors will be able to name their price when it comes to selling their stock/s back to the shorts who are legally obliged to close and have to buy.
This is why shorts/hedges are so desperate to try to suppress the price at almost any cost - remember what happened to Melvin just recently. But it’s not sustainable and when they’re overwhelmed by the buying and DRS pressure, the price will very dramatically increase and keep on rising.
That’s SOME of what this is about. An anticpated price of hundreds of thousands of dollars per stock, perhaps MUCH more, and bloody nose for shorts and their cronies who will short a company just for a laugh despite the damage it causes to people’s livelihoods and wellbeing.
GME is, 100% going to develop into a MAJOR tech company. They’re going to take control of the stock price and allow it to thrive as the business develops out of the hands of hedgefunders and 100% into the hands of the shareholders and board. There is one definite way GME can leave the shorts and hedges behind and hopefully we’ll see this change take place in the next couple of weeks.
If you want to take part, buy, DRS and hold your share/s. DRSing is vital.
Edited by ReverendCounter on Friday 3rd June 22:44
ReverendCounter said:
So this is basically why there’s a huge battle between ‘dumb money’ as limpsfield calls us retail investors - and hedgefunders/
It's not all doom and gloom for the hedge fund pack."The fund that made $700 million on GameStop"
https://www.cnbc.com/2022/01/27/the-fund-that-made...
"Burry looks like he may have made about $100 million on GameStop"
https://www.forbes.com/sites/antoinegara/2021/02/1...
https://www.sec.gov/files/staff-report-equity-opti...
"Staff believes that hedge funds broadly were not significantly affected by investments in GME and other meme stocks"
"In addition to individual investor activity, there was significant participation by institutional investors, including several hedge funds that purchased GME"
"Some investors that had been invested in the target stocks prior to the market events benefitted unexpectedly from the price rises,64 while others, including quantitative and high-frequency hedge funds, joined the market rally to trade profitably"
Condi said:
Derek Chevalier said:
Completely random one. You still have a BBG terminal? Is that still the most efficient way to get the info you need?
If you're in the business then yes, still the best. Reuters is a better user interface, but Bloomberg the best for news and people have been using it for so long they don't want to change. duff said:
Pistonheads is better than this - if you want to shill there are plenty of sites full of this type of stuff. You post the same sort of irritating rubbish on the crypto thread.
If you really feel the need to share, there is also a gamble thread running so no need to start a new one.
I agree. Maybe Reddit thinks these kinds of threads are acceptable, but PH is better than this. If you really feel the need to share, there is also a gamble thread running so no need to start a new one.
It's highly unlikely the OP wants to altruistically let everyone know about this great way to make money, far more likely that he hopes by other people buying in his investment will increase, aka talking your own book, aka the bigger fool theory.
Can we just close it down now?
ReverendCounter said:
GME is, 100% going to develop into a MAJOR tech company. They’re going to take control of the stock price and allow it to thrive as the business develops out of the hands of hedgefunders and 100% into the hands of the shareholders and board. There is one definite way GME can leave the shorts and hedges behind and hopefully we’ll see this change take place in the next couple of weeks.
Sorry, but do you actually understand any of this, or have you just written (copied?) a load of words on a keyboard without thinking? Lets deconstruct it a bit.... "GME is going to develop into a MAJOR tech company" - ok, how? They have a huge physical presence largely reliant on selling games etc. I've just been on their website and the range of games they offer to buy online is incredibly limited, tiny in comparison to Steam, GOG etc. What are they going to do to transform from a physical games retailor to a "MAJOR tech company".
"They're going to take control of the stock price" - ummmm, that makes no sense. The stock price is a value decided between the buyers and sellers, no business "controls the stock price", if they did it would be market manipulation.
"out of the hands of hedgefunders and 100% into the hands of the shareholders" - the hedgefunders (as you call them) ARE the shareholders! They own shares! Funds can be long (own stock) or short (have sold stock), and even if you did manage to buy all the shares back from the hedgefunds there is clearly nothing stopping them from buying more stock later.
"There is one definite way GME can leave the shorts and hedges behind" go on then, tell us what it is?
Honestly, I can't believe I just spent 5 mins of my life on that, but people shouldn't be allowed to offer financial advice if they don't understand the very basics of what they're writing about. Mods, can we please close this nonsense down before we end up with something like this;
https://www.edp24.co.uk/news/crime/norfolk-couple-...
hstewie said:Condi said:
ReverendCounter said:
GME is, 100% going to develop into a MAJOR tech company. They’re going to take control of the stock price and allow it to thrive as the business develops out of the hands of hedgefunders and 100% into the hands of the shareholders and board. There is one definite way GME can leave the shorts and hedges behind and hopefully we’ll see this change take place in the next couple of weeks.
Sorry, but do you actually understand any of this, or have you just written (copied?) a load of words on a keyboard without thinking? Lets deconstruct it a bit.... "GME is going to develop into a MAJOR tech company" - ok, how? They have a huge physical presence largely reliant on selling games etc. I've just been on their website and the range of games they offer to buy online is incredibly limited, tiny in comparison to Steam, GOG etc. What are they going to do to transform from a physical games retailor to a "MAJOR tech company".
"They're going to take control of the stock price" - ummmm, that makes no sense. The stock price is a value decided between the buyers and sellers, no business "controls the stock price", if they did it would be market manipulation.
"out of the hands of hedgefunders and 100% into the hands of the shareholders" - the hedgefunders (as you call them) ARE the shareholders! They own shares! Funds can be long (own stock) or short (have sold stock), and even if you did manage to buy all the shares back from the hedgefunds there is clearly nothing stopping them from buying more stock later.
"There is one definite way GME can leave the shorts and hedges behind" go on then, tell us what it is?
Honestly, I can't believe I just spent 5 mins of my life on that, but people shouldn't be allowed to offer financial advice if they don't understand the very basics of what they're writing about. Mods, can we please close this nonsense down before we end up with something like this;
https://www.edp24.co.uk/news/crime/norfolk-couple-...
Condi said:
Mods, can we please close this nonsense down before we end up with something like this;
https://www.edp24.co.uk/news/crime/norfolk-couple-...
"Mr Edwards believes his losses are not just the result of falling prices but may also be a scam after he was encouraged to invest by someone he met on an online discussion group for motoring enthusiasts."https://www.edp24.co.uk/news/crime/norfolk-couple-...
Hmmmmm
Edited by rfisher on Saturday 4th June 13:58
Gassing Station | Finance | Top of Page | What's New | My Stuff