GME (Gamestop) up 25% in one day
Discussion
No one? Well if not, now might be a good time - as long as you DRS - as the indicators are all in place for a soon to come super squeeze so super it's expected to be the Mother Of All Super Squeezes, so Motherly that such a squeeze has not been squoze in the history of all previous squeezes.
25% is nothing compared to what's coming and I know that some of you already know and that you're not engaging with this thread because you're probably short and f
king stting yourselves.
Anyone else looking for an exciting ride into the unknown, and prepared to risk £120-ish for some MASSIVE gains - get one bought, DRS it, and hold it - and get your exit strategy ready because MOASS is coming. When and how long it'll last - no one knows, but the SHFs have tried to destroy the wrong chain for gain this time.
25% is nothing compared to what's coming and I know that some of you already know and that you're not engaging with this thread because you're probably short and f
king stting yourselves.Anyone else looking for an exciting ride into the unknown, and prepared to risk £120-ish for some MASSIVE gains - get one bought, DRS it, and hold it - and get your exit strategy ready because MOASS is coming. When and how long it'll last - no one knows, but the SHFs have tried to destroy the wrong chain for gain this time.
Edited by ReverendCounter on Wednesday 1st June 01:19
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
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