With main reddit sub devolving in whatever that shit is, what are people here thinking about it?
Looks like momentum was lost? Was the 3b worth it from shareholder perspective?
Kinda hard to accept the sub justifying considering the squeeze was stated the goal on there, esp in context of DRS that was essentially undone.
Honestly, with all the fuckery going on, nothing has changed. Gamestop has got an “out” for when it does happen and if people blame them they can say they offered up shares.
The company is not going bankrupt any time soon, making the shorts even more fucked. The drs numbers haven’t changed, only the percentage. Locking down the float was always an unobtainable dream, but worth a shot. And even then if you believe the DD there are so many shorts that the dilution is just a drop in the water.
Their cash on hand is now >40% of their market cap, making this the smartest investment from an objective and squeeze-less point of view. Add in the shorting and fuckery that still goes on to this day, I don’t see a problem.
Momentum was probably still going to lose if they didn’t dilute, considering this is one of the most, if not the most manipulated stock on the market.
When MOASS happens, it happens. All the rest is just noise.
Momentum was probably still going to lose if they didn’t dilute,
Yeah, I am wondering if this was going to be the case, it has always got driven down pretty low once the “party” was over.
Every time there’s hype and eyes, the stock gets blasted. Why would this time have been any different?
I expect it to blast off when we least expect it. The only out is more shorting for the shorties. Because if they actually buy the shares, the stock will blast to infinity.
I panicked and bought more, if it dips back below $20 who knows what I’ll do
Edit: seriously, i did buy more recently but also the dilution means nothing now. The shorts still haven’t closed their positions, and with the cash reserves there’s no chance it goes out of business anytime soon. Either it’ll squeeze or be a safe long term investment as the company is rebuilt using that $4 billion. Be zen
It almost looks like the shorts with their FTD cycles have created and are stuck in a money printer loop. GME and RK seem to be aware of this upward pressure and can syphon that pressure into cash/shares. There could be a massive cash tap for the company here, fueling success. A successful and valuable company fucks shorts, if they can’t close then gg they’re coming for a ride
Did the debt get settled? No? Then who cares. Hodl.
Debt? GME has no debt besides the now famouse french covid loan.
Did I get paid? NO
Trying to do analysis here tho…
The naked short debt dude.
It appears as if they can carry it tho
Also, dilution factor reduces how naked they are
With all the people gloating about their call positions and the massive call interest on the options chain, someone was going to cash out on a price run that week, and between opportunistic YOLOers and the company itself which I hold long term shares in, I do prefer the latter
main sub was flash with that no doubt.
did we ever figure what 120k user spikes were about?
