dilution is a negative term because it means everyone holding that stock watches as their stock becomes less valuable. It's also completely accurate to describe the share offering as dilution because that's exactly what it did. Trying to present the dilution as a positive thing is desperate hopium by followers of the ryan cohen personality cult.
Superstonk is still trying to silence heat lamp
https://www.reddit.com/r/GME/comments/1cpkrt0/superstonk_needs_to_allow_the_original_heat_lamp/
It's become so well known and now that multiple experts are weighing in and saying it's possible, the SS mods are trying to sweep it under the rug by saying it's an "already known" DD that doesn't need to be rehashed.
Excuse me, but what the fuck?
The SS mods caused so much harm to the ape community over this. They silenced people, they banned people (including me) and thus slowed down the flow of shares going to pure book that could have caused MOASS so much sooner.
Not too long ago platinumsparkles made a nonsense post taking part of a GME earnings call out of context and tried to say heat lamp is dead. I called her out on it, and of course she never retracted her statement or apologized.
If they now acknowledge the fact that heat lamp is valid, they need to unban everyone they banned for posting heat lamp, and apologize for all the harm they caused.
platinumsparkles also needs to st
Lately I'm thinking we could hit 100% DRS and shitadel would continue to sell GME shares in the name of liquidity.
I think the only way to actually punish the short sellers is a cash dividend. Every quarter that Gamestop earns profit should be a quarter that Gamestop pays out a cash dividend. It can be small, just a portion of those profits. But if Gamestop keeps earning profit and keeps paying out cash dividends, that's the only thing that I think will cause the shorts to close and walk away.
No dividend = shorts roll over. More and more shorts get hidden in swaps and dark pools. The naked shorts just keep piling up by the hundreds of billions and nothing ever makes them close.
The alphabet agencies won't do anything. As far as they're concerned the infinite liquidity created by market makers is completely legal. Congress won't intervene because they're just as crooked as the hedge funds and make huge amounts of money from insider trading and lobbying from many of the institutions who are rigging our market.
Gamestop's executive board is the only group of people on this planet who can trigger the MOASS. They can do it by issuing dividends. Just my 2 cents.
why options should be illegal
In response to: https://www.reddit.com/r/Superstonk/comments/1b1x3rg/researchers_show_reddit_users_caused_the_famous/
Options caused the January 2021 price action on GME. Derivatives are the casino. There is more money in playing options than there is in the underlying stock that those options are being played over.
Infinite liquidity destabilizes the stock market because it breaks the fundamental value that stock has. People should be able to buy up all the shares of a stock, and that should cause the price of that stock to increase in value. But when market makes like shitadel are allowed to sell more of a stock than what was issued by the company in the name of liquidity, the stock market becomes detached from reality and it's impossible for a price discovery to occur.
Retail has done nothing wrong. In fact what we've been doing is noble. Direct registration is putting our money into the real underlying economy. Booked shares are the only thing in the stock market that has real i
Platinum Sparkles is a liar
This is in regards to her post:
https://twitter.com/platnumsparkles/status/1756162709479948429?s=46&t=JpDQbRm88QR_E0vD6YHerQ
First I want to ask everyone to ACTUALLY READ THE RESPONSE FROM GAMESTOP.
First I want to point out the last paragraph in Gamestop's response:
The false and misleading statements described above relate to the Proposal's fundamental purpose - that the Company discontinue its DirectStock Plan and choose a new transfer agent
The proposal was to choose a new transfer agent. It wasn't an inquiry about the difference between book and plan. Platinum Sparkles lied and twisted the response into a book versus plan thing.
Secondly I want to point out this paragraph in Gamestop's response:
The FAQ page explains that Computershare holds only "a portion of the aggregate DSPP book-entry shares via its broker in DTC for operational efficiency
This is heat lamp, people. Right here Gamestop is pointing to Computershare's FAQ page and verifies that a portion of DSPP (
Funny how at the same time the OCC is trying to push through a change to margin calls that would prevent bankruptcies (and thus shorts closing), Wall Street is trying to convince us that margin debt is decreasing and there's nothing but continuous gains for the future of our stock market.
A persistent decline in margin debt suggests that a red flag from the meme-stock mania of 2021 is currently non-existent.
If that's the case, then the proposed rule SR-OCC-2024-001 is completely unnecessary and irrelevant. Why would they even propose this if margin debt is so low?
The fact is they hid all the margin debt in dark pools and swaps, and they are bullshitting us. By all rights these banks and hedge funds should have gone bankrupt already, and they are shitting themselves in fear knowing that a day will come when their debts come due.
While they are posting bullshit articles like this to compel us to give up, they crawl on hands and knees to the regulatory agencies and beg for leniency. That's what SR-OCC-2024-001 is. It's a pathetic cry for help from a self-entitled baby who doesn't want his pretty little ass spanked by daddy.
I agree OP. Don't bow. They lie and lie and lie, and while it is frustrating that they can seemingly refuse to pay their debts indefinitely, they are not all-powerful and the only thing we need to do to win this is hold.
A response to "How to take down a Ponzi" in SS
He missed a cash dividend.
It's odd to me every time a dividend comes up I see people against it, or they want a NFT dividend like the DTCC can't BS their way through that. I don't think a NFT dividend would work. It was tried once when Overstock was shorted and it flopped.
Cash is king and there is no substitute for cash in the market. They can't pay out monopoly money or IOU's when a cash dividend happens. If Gamestop hands the DTCC X amount of dollars and says this is for a $1 dividend to each shareholder, the shorts are fucked. They have to pay the full amount of the dividend to every shareholder who bought a naked short and they have to pay out of pocket.
Apparently RC can invest Gamestop funds in stocks now, and I saw a great suggestion that Gamestop should invest in dividend stocks and then issue a "pass through dividend" to shareholders when those stocks issue dividends.
149 trillion in equity swaps due to expire on 12/15
I saw this deleted at Superstonk. If they are trying to silence it, then it must be good.
I wonder how many GME shorts are hidden in these swaps???
Also if you're looking for a good email provider, Hushmail is a privacy-oriented email that can encrypt emails for safekeeping. They are hosted in Canada, and they also allow you to create email aliases (fake emails) that you can use for specific purposes and messages to the aliases are sent to your normal inbox. These are great if you want to contact someone or sign up for something and don't want to give out your actual email address.
I changed to hushmail when lavabit was shut down back in the day. I hear lavabit was brought back online after a while but I wasn't going to wait around without a functional email address in the meantime.
The horror aspects were fine. Though I admit it tiptoed along a PG-13 rating. What bothered me was the great fairy scene. You didn't want your parents walking in when she started screaming and laughing and giggling.
I swear I remember her spreading her legs during the bless animation when she holds her arms out to you, but I don't see that on youtube videos. Anyone else remember this? On youtube she just lifts one left at the knee, which isn't what I remember.
They have a thread about the sub being more cult-like but the author explicitely makes a point to say it's not the mods.
lmao
The mods banned anyone who doesn't think and speak specifically how they want. Of course it looks like a cult now.
We would lock the float very quickly.
I think Q3 is going to be profitable but I don't think the price will rise after the earnings call. Instead I expect more BS from the MSM and the price will plummet in an attempt to break the ape's hold on the stock.
They're just digging their own grave. This trajectory isn't sustainable. The rate of DRS is just going to skyrocket.
The fact that Cohen is personally invested in Gamestop was a contributing factor behind why I decided to go all-in on GME instead of cashing out at a loss.
That and the fact that Gamestop isn't in debt, has over a billion cash on hand, is expanding its online storefront and built distribution centers for online sales, and is building a digital games storefront with PLAYR.
They're in a good financial position, have great leadership, and are making all the right decisions.
So why is Gamestop constantly being bashed by the media? Why have all these investor websites who previously didn't bat an eye when retail lost money, suddenly so concerned about my investment in Gamestop?
They aren't half as smart as they think they are. Money has been raining on fools for far too long and it's time the fools lost their money.
GME is likely to drop below $10 before 2024
The price drop is because of market manipulation and the current price doesn't represent fundamentals. We all know GME is worth more.
But the price has been gradually decreasing ever since the January 2021 sneeze and this thread over at SS suggests the line reaches 0 around 1/1/2024.
I don't think it will actually hit 0 but I know I'm going to be buying more in November and December.
Point is don't let this rattle you. I bought my first share at $448.30 so why wouldn't I buy more at $1?
The finish line isn't out of reach any more. We're going to lock the float, and we're going to do it fast. Buckle your seatbelts.
Caeser2021 5 hr. ago Your point about the burnout and mods, there was never ever any interaction on mod selection, in fact if my memory serves me, there were instances where it was brought up by the community how the Mod team had grown and how people were selected for it.
So with all due respect, the community hasn't asked the mods to do anything, because the community had no knowledge or input on their selection.
jackofspades123 3 hr. ago I encourage you to read the open transparency threads in the discord. You might find them interesting and eye opening.
^ THAT Why should members of a subreddit have to sign up to a discord in order to be involved in the selection of a mod on their subreddit? This is like the Vogons in Hitchiker's Guide to the Galaxy. "How could you not know that your planet was going to be bulldozed? The relevant form was hung in the Intergalactic Bureau of Space Administration's office for the past two years!"
The people running the place have to work for the federal government. Only the feds could set up this level of compartmentalization.
Someone over at SS calling for change
https://www.reddit.com/r/Superstonk/comments/1791phe/witness_me_my_observations_of_the_superstonk/
Outside of the SCC I have found that many try to "hold the mods accountable" and few know how to do that when a power dynamic is involved, let alone the emotion they bring to that intent. This is noble at face value but the damage from failed attempts is great. There is more of an equal footing within the SCC that allows for calmer and more rational talks for this purpose.
We have many discussions ahead of us, most of which cannot be resolved through walls of text like this. The mods have shown me that they are genuine in their love for the sub but, over time and with enough corrosive intent from trolls and bad actors, that love can be twisted into something it should not resemble. There must be voices to counteract this over time.
It is my belief that many things need to change for our overall community to return to a peaceful and sustainable path and that the road to get those cha
best practices for the squeeze?
These past 3 years we've watched as our buy orders don't impact the price because most of us can't afford to buy a full 100 share lot all at once. It's almost like the market is run by bullies who twist the rules to try and make us lose.
Even for those of us who can afford 100 share lots, if they don't route through IEX their order likely goes into a dark pool and gets broken up into segments so it still doesn't impact the price. AFAIK the only way for household investors to impact the price is to buy 100 share lots and route through IEX.
Keep in mind that should any of us decide to sell during the squeeze the opposite will be true.
If retail doesn't route through IEX when they sell, the dark pools will group the orders together to make sure as many sell orders go through in lots of 100, driving the price down fast. If you want to sell and get rich, and keep the squeeze squeezing as long as possible, then route through IEX with lots smaller than 100. So these orders don't get groupe
It's dropping towards $15 so today I transferred money to my account in Fidelity. Going to buy the dip and DRS. As long as it stays under $16 I should end up with 300 fully booked in Computershare. Never thought I would get this many. Ken is really stupid. He should lay off the mayo and consider a low cholesterol diet. Might clear up his mental fog.
The stonk tracker at https://gme.crazyawesomecompany.com still shows the remaining float that hasn't been locked. But I miss the pie chart that computershared.net used to have.
It sucks that it shut down.
I agree I think it was because bad actors on wall street didn't want the peasants to know that certain groups are increasing their ownership.
If we saw insiders, or institutions, or mutual funds suddenly buy a lot more, we would be able to look deeper into that and learn things. They threw a wrench into that.
I'd love to see someone else make a duplicate website that does the same thing.
The question is, what causes the shorts to close?
It seemingly happens whenever the rich want it to happen. None of the regulatory agencies care to enforce the law.
I don't know when it happens. All I know is we are on the winning side of this trade.
If you think things are getting worse because we've watched the price crab downwards for 2 years and 8 months since the sneeze, that's not the case.
The current situation the best it's ever been for us. We are closer to MOASS right now than we were in January 2021. The spring is coiled tighter, more shares are in DRS, and I think the SHF's are even deeper in the red.
The floor actually is rising
I'm sure you've heard the phrase before. "the floor is rising" but what does it mean?
Doing some math with my crayons: 265 million shares x $17 = about 4.5 billion dollar market cap. Cash on hand: 1.3 billion
Right now, for whatever reason about 28% of Gamestop's value is cash on hand. This is absurd but the SHF's have to manipulate the stock value lower and lower in order to avoid margin calls.
But dropping the value lower means that it's easier to buy. In fact right now Gamestop could buy all 57 million remaining shares in the free float, and still have cash on hand left over.
57 million shares x $17 = 952 million dollars
In fact someone over at SS posted this, and the shills flipped their shit. https://www.reddit.com/r/Superstonk/comments/161axl9/this_is_what_trying_to_control_the_narrative/
I've also pointed out that once they become profitable they could issue a cash dividend again. Gamestop has issued a cash dividend in the past. This is completely normal for profitable com
To extrapolate further consequences from infinite liquidity:
options are useless. Any attempt to move the price by gamma squeeze just gets washed out with a larger amount of short selling. It's possible the hedge funds were taken by surprise in January 2021, but they're watching closely now and they won't let it happen again.
TA is useless. Sure we can look at short volume and options data and draw lines on a whiteboard. But any time we predict a MOASS they will just short sell more on that date and there won't be a MOASS.
How to MOASS? Audit the DTCC. The only way we win is if there is a short selling ban on GME. The ban would have to last for years and force all short sales to close without any opportunity to roll over the short by just shorting more.
The FTD data suggest they are in fact closing their shorts. There is very little FTD happening in GME's FTD data.
They are able to close thier shorts if infinite liquidity allows them to open two new shorts perpetually. Every time they close, they just open two more. This way they keep getting more money and more time.
50,000 or maybe 100,000 on a bad day. That seems like a lot to a retail investor, but that's nothing when the float is officially 265 million. It's actually very low as a percentage of the float.
For the record - because of infinite liquidity there is actually much more than 265 million shares of GME in circulation. That means this level of FTD is piddly small. Absolutely tiny.
But we know that the short sellers have huge short positions based on the short volume being over 50% every day for years on end.
How can the short volume be so high, and the FTD's be so low, for years? This is possible because they are closing their shrots but they are able to short sell an infinite amount of shares.
Apes have limited buying power. Hege funds have unlimited short selling power.
All these people saying "that's just FTD's" or "you're just describing FTD's" no I'm not. You're not understanding the consequences of infinite liquidity.
Let me ask you this. How can short volume be over 50% for years on end?
How can GME's FTD data show so few FTD's, for years on end?
Both of the above are true. But that's only possible when there is a lot more short selling than shares being purchased at market by investors.
Meaning apes have limited buying power, but hedge funds have unlimited short selling power.
Don't know why I'm being downvoted here. Please check out the reddit thread too.
https://www.reddit.com/r/GME/comments/15u5vd3/what_if_ftds_arent_the_real_issue/
This is why our stock keeps crabbing downhill.
It rises a little, and then gradually fades away.
That is short sellers buying to close and then short selling x2
Infinite liquidity causes stock dilution, which is theft.
Audit the DTCC.
What if FTD's aren't the real issue?
Trimbath keeps banging the drums on FTD's but GME has very little FTD's going on. I do think FTD's are a big problem and they should carry consequences but I don't think it's the biggest problem.
The biggest problem, and the one most relevant to GME, is infinite liquidity.
If there is infinite liquidity, then shorts can buy to close, and then immediately short two or three times more and walk away with even more money. Why FTD when you can roll over your shorts, and just keep piling them on?
When it's time to close those shorts, you close them and short sell twice over again.
Then when it's time to close those shorts, you close them and short sell twice over again.
And then when it's time to close those shorts, you close them and short sell twice over again.
Repeat, repeat, repeat.
This is how Citadel Securities traded over 964 million shares of GME over the past 3 years.
https://www.reddit.com/r/GME/comments/15t09n7/the_gme_otc_conspiracy_presenting_over_3_years_of/
Someone s
Nope. Things have been dragging on too long we know that the stock is naked shorted and we know that Citadel Securities has over 65 billion in "stock sold, not yet purchased" and we know that their revenue slid 35% in June this year. They have to be in margin call territory but I don't expect them to get margin called, or ever fail one. Cronyism is at work and all the regulatory agencies are going to look the other way.
However they cannot weasel their way out of a cash dividend. This is the silver bullet. They can't substitute fake cash like they substituted fake shares during the splividend. If Gamestop issues a cash dividend, the short sellers have to pay up.
That is why every time I explain this, I get shills trying to silence me. The short sellers absolutely DO NOT WANT this to happen! They are going to scour the internet and shill every thread about it. Just like right now.
This triggers MOASS.
Anyone who wants ROI or a short squeeze should want a cash dividend.
proof of GME dark pool fuckery?
I bought some more using Fidelity Active Trader Pro this morning so I could route through IEX. Except it kept immediately canceling my orders.
I was trying to do a market buy it should fill at the current market price, buying from the current lowest seller. There should be no way that this fails.
The thing about IEX is they go straight to the lit market. They don't route to dark pools and with a market order routed through IEX the market manipulators don't see it coming. It's a SURPRISE! buy order that they don't get to fuck around with.
But it kept getting immediately canceled? How? That suggests to me that the lowest seller wasn't actually legit. The lowest sell orders must be from a dark pool and they aren't actually willing to part with their money. They just want a small amount of sell orders to sit on the market completely unfillable, with the goal of pushing the price down. Then as buy orders react and go lower and lower, they open more sell orders that sit in dark pools and
Once Gamestop become profitable we need to campaign for a cash dividend
Remember how they turned the split as a dividend into a normal split? They can't F around with a cash dividend like that. Sure they can substitute fake shares in place of real shares, but they can't do that with cold hard cash.
It doesn't make sense right now because Gamestop is focused on becoming profitable and generating a more sustainable business. However once they become profitable, the situation changes. They would have the freedom to reward and delight thier investors with a dividend and know that they aren't squandering the last of their wealth doing so. They will know they will have more cash coming in because they are now profitable.
Once Gamestop is profitable a cash dividend does make sense! They have over 1.3 billion dollars on hand, and could reward their investors with a substantial dividend. If they issues a dividend of 50 cents per share that means anyone holding 100 shares gets 50 dollars - that's enough to buy two more shares at the current price! What's more that
The "event"
I saw a post on r/GME today about GME indicators and the SHF's are trying to trigger another bearish signal. Someone posted that they are so tired of the bullshit.
It made me wonder, what are we waiting for? What event could smash through all these indicators and drive GME into the stratopshere?
Fellow investors, we are waiting for the launch of Gamestop PLAYR. This looks like it's going to be a online game store similar to Steam, but it will be integrated with the Gamestop Wallet and you will be able to buy web3 games using crypto.
I saw in another post that the Gamestop wallet will easily let you convert one kind of crypto to another - that alone is going to be a big deal. People with any kind of crypto currency will be able to create a Gamestop wallet, transfer in whatever funds they have, and buy web3 games.
This is brilliant because there's a lot of devalued crypto-currency out there. For years now crypto bros have been buying crypto and watching the value of their crypto curr
My comment on S7-32-10
In regards to the proposed rule S7-32-10 "Prohibition Against Fraud, Manipulation, or Deception in Connection with Security-Based Swaps" I would like to give my comment as a individual investor.
The United States cannot have a free and fair market unless all market data is transparent and available to the public. This includes the swap data in question, and also includes so-called "dark pool" transactions, it includes paywalled data which should not be paywalled it should be free for everyone. Any data that only a handful of professional investors would know but not everyone else provides them an unfair advantage in what is supposed to be a free and fair market.
How can the young people of our nation build wealth for themselves when they buy stock in companies which are being massively short sold in secret by hedge funds? Where an individual investor sees a promising startup and is eager to take part in the formation of a new business, many Wall Street professionals only see a carcas