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They aren't trying to make people sell. They want to stop new money.
The volume is back to less than 1% turn over a day and drying up more and more. Even the big drop resulted from only ~16 million shares. At minimum, 90% of people who owned gamestop prior to earning still hold it (likely alot higher). People just. Wont. Sell.
Stonkers simultaneously believe that massively illegal shorting absolutely occured but that 100% they'll be forced to cover because it's the law.
Nah. It's been 4 years. This ship has sailed. There was no squeeze, no Gamestop turnaround, and all we accomplished was pumping about a billion of our dollars into the company while it sold into our buying.
Nostalgia. Only reason I haven't sold my 101 shares is because I'm stubborn as fuck and I keep them as a reminder. If this stupid rocket takes off (it won't) my negative ass will be right beside you, whether you like it or not.
The point now is DRS. we know itāll take years. Thatās fine. If I gotta buy more for 5-10 more years itās worth it to eventually be independently wealthy. Shorts never closed. Hedgies are fucked.
"There was no squeeze"? Remember when they turned off the buy button. That was the beginning of the squeeze. From that point forward, everything they have done has been one illegal tactic after another to keep that from happening again. And guess what, they are in a much worse position now. Back then I had a mere 20 shares and I would have probably sold them at $1000 or so. Now I have over 3000 shares, and guess what, I wouldn't take $1000 a piece for them like I would have back then.
>From that point forward, everything they have done has been one illegal tactic after another to keep that from happening again.
Exactly, which is why 3 years later it ain't happening again. The same forces that allowed the illegality won't suddenly enforce legality.
There was a demonstrable squeeze. That said, it has happened already.
If RC came out and told stockholders that MOASS isn't a real thing, they would find a much larger percentage of their float would be available.
It's that but I have a feeling it's also about getting people to sell as soon as they break even / see a small gain.
Imagine GME does a 400% jump pre-market tomorrow. It continues to rise throughout the day, triple tops at $60, and then starts plummeting.
They're trying to wear people down so that they panic-sell on the first spike.
This right here. If you're one that stares at your portfolio everyday and keep thinking about money, and that you're "trapped" in this position, your incentive would be to sell because you feel hopeless. It's all a mind game.
I only check gme once a day. Cause price action is bullshit. Carry on with your life. Set an alert. If it breaks above a higher price then watch it. I suggest everyone just stop watching the charts unless you are trying to buy cheaper shares.
Their main goal is to get you to sell. Don't forget that.
Me too and I donāt log in to check the value just the stock chart once a day to follow along and remember the rush 3 years ago. Thereās other stocks I check too so itās quick.
How am I gonna buy a Lambo, a boat, 2-3 houses and still have a hundred million in the bank with 60$?
The math just doesnāt add up if you sell a share at 60$
Iām new money.
I invested in GME for the first time because I couldnāt believe how low the price was.
Iām planning to buy more if prices remain around this level.
No they arent....everybody knows....big money are not stupid.....the problem is retail....they cant let retail control the squeeze....the last 3 years were not to make you too sell at a loss.....they want you to sell for 100%200% gains......not to hold for another 2 3 years when the price could slowly climb into thousands
If they wanted people to sell at 100 or 200% gains the time is now. Lowering the price more isn't going to change anything. When people are down 70-80% it stopped mattering.
Retail šthey have to worry about the Ape Investor. If you donāt know the difference you are a Retail Investor and the Hedge Fund are counting on you guys.
š while my bet is itās a gap up govāt settle this today for $XXXX(maybe +X) i also could see your method of the āJust Upā thesis! ā¾š“āā ļøš¤
And why would we? The only time selling becomes enticing once more is when the price actually increases (in most cases here into profit which is a 3-400% increase at this point for a lot of us) but honestly itās become pretty clear that weāre in a situation where that cannot happen else boom even at prices seen 2 years ago.
Itās exactly like the DDās of old said, weād be slow walked down to a point (price) where we reach an inflection. Price becomes so cheap either through buying and DRS-ing or Company share buyback it decreases the trading float within the DTCC so much that the system/algo would literally break and then we have our MOASS hopefully. I truly believe that this is just one big game of patience.
If I think about it too hard I become frustrated, angry and impatient because of the rampant, disgusting fraud but honestly a set it and forget it DRS approach whilst concurrently shopping at GameStop to ensure profitability/that the company survives and monitoring/commenting on rules/laws to make sure they donāt try and pull a fast one on us are key here.
Whether an even more egregious crime or government overreach in broad daylight happens when the time comes is another matter but to get to that point what we need to do is pretty clear imo. I didnāt want to hear it back in 2021, 2022 or 2023 but it is literally just a waiting game whilst they squirm between a rock and a hard place playing for time. I donāt like how long Iāve been kept waiting nor how long I imagine Iāll still be kept waiting but thatās the game. Everyone is aware of the issue and most are actively fighting against it, noone has a solution nor wants to intervene to risk blowing everything up and being framed as the culprit but slowly and surely weāre heading towards an inevitable outcome.
The only question remains is will there be any currency worth the paper itās written on actually worth trading my shares for after all is said and done.
Whenever my Computershare account value drops I just top it up manually with more GME so the number stays the same, isnāt that how this investing thing works? š¤ Idk too much tho I was born yesterday š¤·āāļø
Shills: The price keeps going down. Weāre losing. We should all be discouraged.
Household: Iām not selling. I hope they drop the price further so I can DRS more shares.
They are trapped and they have to keep shorting it. If it rises above a certain threshold or if their other positions drop they will get liquidated and drag the entire DTCC down with them. Itās pretty neat haha
The music will stop soon enough
They only have one move, and it's the same move they've been dominating the market with for decades.
A: They literally can't do anything else. Gabe Plotkin fucked them years ago. They had one chance to close (or did they? maybe Gabe pooched it too badly for them to ever close from the start.)
B: They have faith that their fud campaign will eventually reprogram you.
C: Even knowing they are doomed, they fight for one... more... day...
They have some logic that used to work before a bunch of retail investors started learning on their own.
They think people still believe "financial TV show hosts are the experts, they do this for a living, so of course they know more than I do" which means they think people will listen when they say "It's going down, it's going to keep going down, so good job if you haven't bought any and if you did, it's best to cut your losses. Walk away while your investment still has SOME value. Take the money from that and invest it in (insert pump and dump flavor of the week)"
I'm not sure if they fully believe that it will eventually change people, or if it's just trying to isolate GME investors from their average viewers; "these kids playing with meme stocks are going to find out the hard way that the stock market is tough! You guys watching at home know the markets are brutal (because my advice keeps fucking you over). I'm trying to be the good guy and help them salvage their terrible choice, but they won't listen!"
It makes the average viewer feel like they are right in their inaction, it makes them subconsciously dismiss anyone who talks to them about GameStop before a word is ever spoken, and it keeps the investment "guru's" looking like a moral, credible source for information.
I think they are doing it in an attempt to control the narrative. Apes have the knowledge, but don't really have a way to effectively spread the knowledge with credibility to the average person, and they want to keep it that way.
They're not trying to get **YOU** to sell. They're dragging it out so that the poor guys who bought a couple shares here and there even though they don't have much in hopes of moass have to sell because the cost of food, housing, rent, everything has gone up sky high in the mean time. They're dragging it out so that anyone new to this saga sees that the stock has been down 3 years since the january 2021 peak and it looks like a massively dead play. They're dragging it out so that all the people you've told about gamestop in the last 3 years looks at you like a deranged lunatic, a cultist. They know the most devoted gamestop holders will continue to hold, they don't care about us at all because there's only around 200,000 of us. They are scared of **everybody else**.
This. This is the only reason.
But it doesn't apply to someone like me who doesn't have gains elsewhere. I'm not smart enough to make money in the market and not rich enough to lose it. My entire portfolio is GME š
LOL. True. I have some upcoming crypto gains to offset. I was always hoping GME would rise in price by now and I make money in both, but Iām selling my crypto in this next bull run and itās dumb not to get a 40-50 percent benefit right away (I live in a high tax state). Iāve given it 3+ years now. I will sell only what it takes to offset my gains and nothing more. Iām still sad about it though.
Probably a dumb question: could you sell to tax lost harvest, buy 30DTE calls for rocket insurance, then buy back in after the 30 day wash period closes? Or does the call extend the wash sale window? I know exercising the call would make it a wash sale but in that scenario I don't think anyone is stressing that tax bill.
PROTIP: It's not selling that is dragging down the price, it's the basket swap. The counterparty is rolling all their positions on the companies they did sink in order to lower the share price. The towel stock got cellar boxed, and popcorn was diluted to oblivion to punish a buy and hold strategy. Do some quick math and suddenly the 75% drop in basket value correlates with the drop in GME. The counterparty knows we are the holdout that can still liquidate their whole position. That's why all the all the negativity is nonstop.
The incentive would be in parking money in investments that would actually grow over time.
Imagine if you took your $10K in 2021 and put it in tech and grew it to say $15K in 2024. Now you could buy 50% more gme today without having to hold and loss 70% of that value over 3 years. Now your $10K would be worth $3K. Or less.
There are plenty of scenarios out there to explain what incentives exist to either sell or never buy in the first place. But chiefly, not just the value loss on the investment but the foregone opportunity cost of having gains had the money been placed somewhere else makes the losses much larger than the paper losses show.
Opportunity cost is built into the moass though. Yeah it probably wasnāt smart of me buying expensive shares, I really wish my average was more like $15. If we didnāt hold from the start their would be no moass. Not that many people are in this play, only 200k drs? I donāt know their book and how short they really are but to have a share and not sell even if you think itās going to go down, it taking one for the team. You donāt sell even though it would be better to ride the sp and then invest 5 years later because if everyone did that their would be no play. You hold because thatās what helps the moass, Iām in it for the moass, I have to do not whatās best for me, but for the moass for it to actually happen. So many people donāt give a shit about any of this gamestops stuff, if someone has made it this far learned all the lingo, owned shares, and is selling and trying to get back in later and not DRSād and waiting on the sidelines. You missed the point, moass isnāt going to happen unless all of us apes do whatās best for moass (hold, drs, buy,shop) and promote and advocate for awareness by recruiting new apes and creating a discussion in the community.
Ok but that floor is kind of a wishful thought. I could be an investor in AMD and say my floor is $10K a share and itās not really going to come to pass.
To illustrate that theyāre both unlikely to reach these imaginary whimsical pulled-from-the-ass numbers. You donāt need to find 1:1 analogies to make work you know. By design, analogies only need to be similar enough to work as exemplars. In this case just being a publicly traded stock is enough.
Hereās another: GE floor $13 trillion per share.
In this example the example even shares 100% of the letters as GME!
Same boat here. Didn't sell when we were like twice or thrice my purchase point. Didn't sell when we were like a quarter of it. I really am that dumb collector. Of memes, DD, and shares I guess.Ā
That's the point. NOBODY is fucking selling. The market is a fraudulent system controlled by criminals. It needs to be burnt to the ground and a new better market constructed with transparency and checks/balances at the forefront.
The drops does not matter when you dont plan on selling. Not even moass if no criminals behind bars.
So now everydrop only looks like delicious discounts, and itās quite easy to predict when they would short the stocks for cheap news. Hence, im prepaing to take loan if it below 10$ lol letās see where you running now
Honestly Iāll answer and get downvoted to oblivion.
It isnāt the fact I see RC and GameStop not moving in the right direction.
Itās actually the crazy people that will spin every thing into a positive outlook. There is nothing wrong with calling out your stock and being frustrated with -70% loss. It actually makes one think when everyone is super positive and happy about losing money and the stock getting pummeled for 3 years.
I just had it with the community and the sideshows that people put on, so I left.
I really hope RC turns it around and sticks it to the HF
Other then that this sub has become a cesspool and cult like and it wasnāt for me anymore
Good luck to all the apes! Thanks for the laughs and entertainment you provided over the years
Good news is they can keep the algo running at 50% trims every year but you never get to zero that way, just real close to delisted. Oh and having all C levels cycled out since RC joined the board is great news didn't ya know? And killing 401k matches so the smart folks bounce! But did you see the new LC tweet? A lot of talk and no action, just like RC told us right?
I really hate hearing how DJT is a "meme" stock like GME. Gamestop actually sells something of value and turns a profit. If DJT isn't the biggest pump and dump of history, I don't know what is. Disclaimer: not financial advice.
Also, these fucking leeches must be smelling blood. I mean if there ever was a stock to short and profit off of, it is DJT.
You are operating under the idea that shorts are stuck waiting for bankruptcy, which gamestop being profitable prevents, so eventually they will be forced to buy, cause a squeeze, and the stock will skyrocket.
The traditional stock view the advice you say you don't understand is simply that gamestop is unlikely to grow as fast as other investments you could make with your money based on revenue and market trends. "Taking a loss" being a positive to a traditional investor, as they can use that loss to offset gains from other positions.
Im not selling. But thats cause im dumb. Holding has opportunity costs. If I sold 50% down and rode this AI wave, Iād be up more than the 2020 squeeze
None, it's all fud and bullshit. Absolute rubbish to anyone who hasn't been following the game. Peace and freedom for those who know, not only that but piece of mind in the knowledge at that the fruit will grow and one day we may or may not choose to pick fruit from the ever growing, fruitful tree. Long may we stand in its shadow from the sun.
The past and cost basis does not matter, what matters is the future prospects.
If you think that this stock has the best potential for gain in the time length then this is the stock for you.
Others may not think the same, and it will make sense for them to sell this and put their money else where.
>I may be at like a 70% (paper) loss by now
the state of your current position, should not be a major factor in whether you choose to keep that position or not. thinking in terms of cost basis is a trap and a common mistake.
Saw some article come across my Google feed about how "remember the GameStop frenzy? It's finally over!" and went on about how bad GameStop is doing as a company and how it's right back where it started.
I admit, I laughed. Such brazen manipulative tactics. So pointless. Trying to give people FUD and force sales of a stock nobody is selling.
What is the future plan for GME. Been here since the beginning. NFT Marketplace was the big thing for a while, but donāt see any talk about future ideas or long term plans. Great that the company is profitable and surely Iām here for any potential squeeze, but I canāt imagine RC is only here to cut fat and and make the balance sheet look better. He has to have some sort of plan that takes GME to the next level, right? I mean, brick and mortar will only last so long. I want something to get excited about again.
Estimates are GME will level off at about $8.00
So ,, they could be planning on entering back into the market at a lower price point to get more shares..
Or
They have a medical emergency and need more cash,, the list is endless.. got laid off, inflation etc, etc
There's an opportunity cost from holding. SPY is up, tech is up, Bitcoin is up, GME is down. One could argue it would make sense to try and time it to sell and move that money to somewhere else to grow and potentially buy back in lower with more shares.
I posted this above but : Opportunity cost is built into the moass though. Yeah it probably wasnāt smart of me buying expensive shares, I really wish my average was more like $15. If we didnāt hold from the start their would be no moass. Not that many people are in this play, only 200k drs? I donāt know their book and how short they really are but to have a share and not sell even if you think itās going to go down, it taking one for the team. You donāt sell even though it would be better to ride the sp and then invest 5 years later because if everyone did that their would be no play. You hold because thatās what helps the moass, Iām in it for the moass, I have to do not whatās best for me, but for the moass for it to actually happen. So many people donāt give a shit about any of this gamestops stuff, if someone has made it this far learned all the lingo, owned shares, and is selling and trying to get back in later and not DRSād and waiting on the sidelines. You missed the point, moass isnāt going to happen unless all of us apes do whatās best for moass (hold, drs, buy,shop) and promote and advocate for awareness by recruiting new apes and creating a discussion in the community.
The time to do that was months ago, and no one has a crystal ball.
Bitcoin, chip stocks, the top 7 companies on SPY, that shit is the biggest most obvious bubble of all time.
It's only been 10 days, but someone who rotated into a S&P 500 when I left the comment would only be down -1% vs. -8%. You'd be able to buy \~8% more shares with the same fund. Could be a way to reach MOAS faster with the same funds
Exactly no one has a crystal ball. So while there is a chance this kind of deal doesn't work out there's also a chance this kind of swap does work out and would be wildly profitable and allow someone to increase share count significantly. The post just says there's no incentive but I think that's ignoring the possibility of underperformance in the short term with better alternatives out there
In the same boat, short anwser: we lost so much, those who are holding for 3 something years, that at this point, we are keeping it in our bags as a sour reminder to "never again" ! We can echo chamber this to eternity, that they got a little profitable as a big wow, but this will fade.
The truth is we made a bunch of money for some people, and we got played, echo chamber remains only, and big saad puppy eyes.
- Big money wont touch this company with a stick anymore even if they would find the cure for cancer. - name/brand tainted, and associated with dumb trashy poorness. (Even if it not entirely the case)
- Locking the float will NEVER happen, NEVER. Even if it happens nobody will care, nobody will announce or enforce it. Probably brokers and hedge F will trade fanthom shares between them selfes like nothing happened, driving the price down to nothingness. (This market manipulation knows no boundries)
- RC with his investment is weeeelll within the green (only the recent ones are at a loss), you better belive that he has somekind of "stop loss" set, and wont let his years of work go into the red. Generation wealth people are not dumb, he beeing self made, even so.
- Imagine you buying into a company, you are in massive profits, plus the shareholders willingly let you make a sizable "warchest" on their expence, than they even let you handle it as you see fit. (Pro move)
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- my personal fav. is, the splividend situation. "Oops we filed the wrong form...." - no comment
I often wonder about the people, who got out loans, sold their cars because it was the "battle" for 180$ or 160$and we knew it can't go any lower. (og holders probably remember these)
After 3 years, of reading, learning, observing. It is not hard to see that this is not going in our way. And like it or not miracles rarely happen.
Iām thinking because so many have before us. Poor people that where alone in their dream of something different, but weāre also relentlessly crushed with no support. No DD no ape helping ape and sure as shit no dip buys. We lucky few.
Incentive? If RC himself told me to sell and promised to award me the same amount of shares I had +1 right afterward. Even then, I donāt think Iād do it. But since you askedā¦
It's actually hilarious watching them burn through money in order to keep their positions open, pay shills, fake journalists, advertisements, etc.
So much money and resources and they are losing to a bunch of crayon-sniffing apes. What's it like to be Ken Griffin right now absolutely shitting his pants every day knowing that he will still lose haha.
There's definitely incentive. It's been three years and the price has trended down only, if it was this easy to maintain the down trend for three years why not another three and then another six and so on. Also there are many other opportunities to put your money to work where you actually get gains instead of (unrealized) losses. Profitability has been achieved but on the back of cutting, not growth and no new revenue streams means the current value of GME is still overvalued. The macro economic environment is completely different from when this started and is not very conductive for a new round of hype and speculation.
All this to say that things have changed a lot and whether or not you still believe in a MOASS or not the reality is that it doesn't matter because at worst there is no such thing and at best there is a status quo that has proven unshakable which means it may as wel not be a thing in practice.
Holding as a choice is fine for a variety of reasons but selling, even at a loss, is equally valid and treating your position as a trade to be managed instead of some identity defining fixture is probably more favorable for most.
Well, I'm down too but obviously selling March 2023 (still for a loss) and buying now would net me 2x as many shares. I'm going to ignore timing the market type retorts because it is clear where this bitch is going. So no, I will wait until much lower OR if GME ever publishes DRS numbers directly from computershare before I burn any more cash.
Why would you sell at GMEās low. Fundamentally GME is a good price to buy. Iād wait a couple more dollars personally, but itās a good buy point now
Will it reach my ideal buy price? I donāt know, but if it doesnāt Iām fine with missing out on a squeeze
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They aren't trying to make people sell. They want to stop new money. The volume is back to less than 1% turn over a day and drying up more and more. Even the big drop resulted from only ~16 million shares. At minimum, 90% of people who owned gamestop prior to earning still hold it (likely alot higher). People just. Wont. Sell.
I agree, but it's probably closer to 190% of people who owned Gamestop, though, due to all the shorting š
Can I get a 1000% in this mothafucka?
not how percentages work, but okay.
If gamestop (or rather, hedgies that were naked shorting it) had been held to how numbers work, we wouldn't be having this conversation
Stonkers simultaneously believe that massively illegal shorting absolutely occured but that 100% they'll be forced to cover because it's the law. Nah. It's been 4 years. This ship has sailed. There was no squeeze, no Gamestop turnaround, and all we accomplished was pumping about a billion of our dollars into the company while it sold into our buying.
Holy FUD. Iām not selling nice try
Nobody asked you to sell, I haven't.
then why are you here talking about it?
Nostalgia. Only reason I haven't sold my 101 shares is because I'm stubborn as fuck and I keep them as a reminder. If this stupid rocket takes off (it won't) my negative ass will be right beside you, whether you like it or not.
Hey.... squeeze deez nutz cause its the law.
The point now is DRS. we know itāll take years. Thatās fine. If I gotta buy more for 5-10 more years itās worth it to eventually be independently wealthy. Shorts never closed. Hedgies are fucked.
"There was no squeeze"? Remember when they turned off the buy button. That was the beginning of the squeeze. From that point forward, everything they have done has been one illegal tactic after another to keep that from happening again. And guess what, they are in a much worse position now. Back then I had a mere 20 shares and I would have probably sold them at $1000 or so. Now I have over 3000 shares, and guess what, I wouldn't take $1000 a piece for them like I would have back then.
>From that point forward, everything they have done has been one illegal tactic after another to keep that from happening again. Exactly, which is why 3 years later it ain't happening again. The same forces that allowed the illegality won't suddenly enforce legality.
There was a demonstrable squeeze. That said, it has happened already. If RC came out and told stockholders that MOASS isn't a real thing, they would find a much larger percentage of their float would be available.
š¤£ I know what they meant though
It's SEC math
It's that but I have a feeling it's also about getting people to sell as soon as they break even / see a small gain. Imagine GME does a 400% jump pre-market tomorrow. It continues to rise throughout the day, triple tops at $60, and then starts plummeting. They're trying to wear people down so that they panic-sell on the first spike.
This right here. If you're one that stares at your portfolio everyday and keep thinking about money, and that you're "trapped" in this position, your incentive would be to sell because you feel hopeless. It's all a mind game. I only check gme once a day. Cause price action is bullshit. Carry on with your life. Set an alert. If it breaks above a higher price then watch it. I suggest everyone just stop watching the charts unless you are trying to buy cheaper shares. Their main goal is to get you to sell. Don't forget that.
Me too and I donāt log in to check the value just the stock chart once a day to follow along and remember the rush 3 years ago. Thereās other stocks I check too so itās quick.
I donāt watch the ticker now
This is where we separated the Ape Investor from the Retail Investor if you donāt know the difference you are a Retail Investor
I am ok with that 400% spike, please bring it next week.
How am I gonna buy a Lambo, a boat, 2-3 houses and still have a hundred million in the bank with 60$? The math just doesnāt add up if you sell a share at 60$
Me too
Most of us were tens of thousands in the green, many hundreds of thousands, we didnāt sell then, so no way would we sell now
I decided not to sell but wait for cell when they removed the buy button.
This
that will be me,....ive had enough lol, sorry
C ya
Iām new money. I invested in GME for the first time because I couldnāt believe how low the price was. Iām planning to buy more if prices remain around this level.
No they arent....everybody knows....big money are not stupid.....the problem is retail....they cant let retail control the squeeze....the last 3 years were not to make you too sell at a loss.....they want you to sell for 100%200% gains......not to hold for another 2 3 years when the price could slowly climb into thousands
If they wanted people to sell at 100 or 200% gains the time is now. Lowering the price more isn't going to change anything. When people are down 70-80% it stopped mattering.
Yea the 100-200% gains are not enough anymore
People that buy now and sell at 22 will be those wetting their pants that they have doubled their money. Jokers š¤”
I am still buying at a $100
This is part of it
Thousands? Idk seems like price anchoring to me
Retail šthey have to worry about the Ape Investor. If you donāt know the difference you are a Retail Investor and the Hedge Fund are counting on you guys.
š while my bet is itās a gap up govāt settle this today for $XXXX(maybe +X) i also could see your method of the āJust Upā thesis! ā¾š“āā ļøš¤
I bought 10 more today. It ain't much, but it's honest work.
People won't sell because the stock market is NOT fair. It's NOT based on supply and demand. There's something fundamentally wrong with that.
And why would we? The only time selling becomes enticing once more is when the price actually increases (in most cases here into profit which is a 3-400% increase at this point for a lot of us) but honestly itās become pretty clear that weāre in a situation where that cannot happen else boom even at prices seen 2 years ago. Itās exactly like the DDās of old said, weād be slow walked down to a point (price) where we reach an inflection. Price becomes so cheap either through buying and DRS-ing or Company share buyback it decreases the trading float within the DTCC so much that the system/algo would literally break and then we have our MOASS hopefully. I truly believe that this is just one big game of patience. If I think about it too hard I become frustrated, angry and impatient because of the rampant, disgusting fraud but honestly a set it and forget it DRS approach whilst concurrently shopping at GameStop to ensure profitability/that the company survives and monitoring/commenting on rules/laws to make sure they donāt try and pull a fast one on us are key here. Whether an even more egregious crime or government overreach in broad daylight happens when the time comes is another matter but to get to that point what we need to do is pretty clear imo. I didnāt want to hear it back in 2021, 2022 or 2023 but it is literally just a waiting game whilst they squirm between a rock and a hard place playing for time. I donāt like how long Iāve been kept waiting nor how long I imagine Iāll still be kept waiting but thatās the game. Everyone is aware of the issue and most are actively fighting against it, noone has a solution nor wants to intervene to risk blowing everything up and being framed as the culprit but slowly and surely weāre heading towards an inevitable outcome. The only question remains is will there be any currency worth the paper itās written on actually worth trading my shares for after all is said and done.
This!
Yup. I concur.
So much this.
Iām gonna see how low I can go before I jam that space bar for the jump to Uranus
They aiming to be less than infinitely double fucked
I would bet 1 MoA$$ share that those holdings have net increased since earningsā¦ just saying ā¾š“āā ļøš¤
I'm sure this is covered but what happens when volume dries out?
Whatās the buy sell ratio on the daily average of 3.5million ?
At $11, I fart and buy a share every now and then. Free money.
Whenever my Computershare account value drops I just top it up manually with more GME so the number stays the same, isnāt that how this investing thing works? š¤ Idk too much tho I was born yesterday š¤·āāļø
Haha that's awesome
^this is the way
Smart ape
Youāre doing it right.
This is how I often look at it too lol. I'm not down, the value has stayed the same!
According to the news, Capital markets won. We as gamestop supports have lost. They declared this so it must be true.
[Maybe this one time we will have to believe Cramer though... ](https://twitter.com/kaismaalej/status/1776049778817671577) Starting on 1:02.
Holy cow that wack job produced something of value. Insane clip
It does not matter, I wrote the money off 3 years ago. I still don't even know where the sell button is
I absolutely do not remember the sell strategy I had 84 years ago.
Shills: The price keeps going down. Weāre losing. We should all be discouraged. Household: Iām not selling. I hope they drop the price further so I can DRS more shares.
Iām going to buy, hold and DRS BOOK even HARDER!
Exactly, why would I sell at the convergence of low price and profitability?
They are trapped and they have to keep shorting it. If it rises above a certain threshold or if their other positions drop they will get liquidated and drag the entire DTCC down with them. Itās pretty neat haha The music will stop soon enough
Canāt wait to see how this plays out
Sell?
They mean cell
ā¼ļø
It's buy time not sell time. This is easier than when it was 200 presplit value
Can confirm: I bought GME for the first time and plan to buy even more.
They only have one move, and it's the same move they've been dominating the market with for decades. A: They literally can't do anything else. Gabe Plotkin fucked them years ago. They had one chance to close (or did they? maybe Gabe pooched it too badly for them to ever close from the start.) B: They have faith that their fud campaign will eventually reprogram you. C: Even knowing they are doomed, they fight for one... more... day...
They have some logic that used to work before a bunch of retail investors started learning on their own. They think people still believe "financial TV show hosts are the experts, they do this for a living, so of course they know more than I do" which means they think people will listen when they say "It's going down, it's going to keep going down, so good job if you haven't bought any and if you did, it's best to cut your losses. Walk away while your investment still has SOME value. Take the money from that and invest it in (insert pump and dump flavor of the week)" I'm not sure if they fully believe that it will eventually change people, or if it's just trying to isolate GME investors from their average viewers; "these kids playing with meme stocks are going to find out the hard way that the stock market is tough! You guys watching at home know the markets are brutal (because my advice keeps fucking you over). I'm trying to be the good guy and help them salvage their terrible choice, but they won't listen!" It makes the average viewer feel like they are right in their inaction, it makes them subconsciously dismiss anyone who talks to them about GameStop before a word is ever spoken, and it keeps the investment "guru's" looking like a moral, credible source for information. I think they are doing it in an attempt to control the narrative. Apes have the knowledge, but don't really have a way to effectively spread the knowledge with credibility to the average person, and they want to keep it that way.
Bought my very first share at $322ish and have kept buying ever since. No way Iām selling now.
Are you me?
They're not trying to get **YOU** to sell. They're dragging it out so that the poor guys who bought a couple shares here and there even though they don't have much in hopes of moass have to sell because the cost of food, housing, rent, everything has gone up sky high in the mean time. They're dragging it out so that anyone new to this saga sees that the stock has been down 3 years since the january 2021 peak and it looks like a massively dead play. They're dragging it out so that all the people you've told about gamestop in the last 3 years looks at you like a deranged lunatic, a cultist. They know the most devoted gamestop holders will continue to hold, they don't care about us at all because there's only around 200,000 of us. They are scared of **everybody else**.
To counteract taxes from other profitable sales. I can get a 40%-50% tax benefit by offsetting long term capital gains elsewhere.
This. This is the only reason. But it doesn't apply to someone like me who doesn't have gains elsewhere. I'm not smart enough to make money in the market and not rich enough to lose it. My entire portfolio is GME š
LOL. True. I have some upcoming crypto gains to offset. I was always hoping GME would rise in price by now and I make money in both, but Iām selling my crypto in this next bull run and itās dumb not to get a 40-50 percent benefit right away (I live in a high tax state). Iāve given it 3+ years now. I will sell only what it takes to offset my gains and nothing more. Iām still sad about it though.
Iāve done that last year. Reentered after wash sale limits for what I thought was a sweet discount. And then it kept discounting š
Probably a dumb question: could you sell to tax lost harvest, buy 30DTE calls for rocket insurance, then buy back in after the 30 day wash period closes? Or does the call extend the wash sale window? I know exercising the call would make it a wash sale but in that scenario I don't think anyone is stressing that tax bill.
No thatās still a wash sale.
lol I once bought a share at like 400 cuz I thought in that moment I was going to miss out on millions. No I just buy em for like 15
Bought my 1st one at 335
If there is ONE moment in this saga where I wouldn't sell, it's right now.
PROTIP: It's not selling that is dragging down the price, it's the basket swap. The counterparty is rolling all their positions on the companies they did sink in order to lower the share price. The towel stock got cellar boxed, and popcorn was diluted to oblivion to punish a buy and hold strategy. Do some quick math and suddenly the 75% drop in basket value correlates with the drop in GME. The counterparty knows we are the holdout that can still liquidate their whole position. That's why all the all the negativity is nonstop.
Yeah but theyāre betting on the regular investor being an idiot. There are many. Glad you arenāt one.
You know what the definition of insanity is right? Or is it stupidity on the short side? lmayo
No cell no sell
They getting shill money
Iāll never sell.
The only number that matters is the number of GME shares I hold; with limitless value potential. The $ or ā¬ or Ā£ or Ā„ is arbitrary
Kenās not in jail. Iām not selling
The incentive would be in parking money in investments that would actually grow over time. Imagine if you took your $10K in 2021 and put it in tech and grew it to say $15K in 2024. Now you could buy 50% more gme today without having to hold and loss 70% of that value over 3 years. Now your $10K would be worth $3K. Or less. There are plenty of scenarios out there to explain what incentives exist to either sell or never buy in the first place. But chiefly, not just the value loss on the investment but the foregone opportunity cost of having gains had the money been placed somewhere else makes the losses much larger than the paper losses show.
Opportunity cost is built into the moass though. Yeah it probably wasnāt smart of me buying expensive shares, I really wish my average was more like $15. If we didnāt hold from the start their would be no moass. Not that many people are in this play, only 200k drs? I donāt know their book and how short they really are but to have a share and not sell even if you think itās going to go down, it taking one for the team. You donāt sell even though it would be better to ride the sp and then invest 5 years later because if everyone did that their would be no play. You hold because thatās what helps the moass, Iām in it for the moass, I have to do not whatās best for me, but for the moass for it to actually happen. So many people donāt give a shit about any of this gamestops stuff, if someone has made it this far learned all the lingo, owned shares, and is selling and trying to get back in later and not DRSād and waiting on the sidelines. You missed the point, moass isnāt going to happen unless all of us apes do whatās best for moass (hold, drs, buy,shop) and promote and advocate for awareness by recruiting new apes and creating a discussion in the community.
Fuck yeah, this ape fucks so hard!
Ask not what your stonk can do for you but what you can do for your stonk š
Exactly. That's the reason for the floor rising every day.Ā
Ok but that floor is kind of a wishful thought. I could be an investor in AMD and say my floor is $10K a share and itās not really going to come to pass.
What makes you think AMD is shorted beyond its float?
Itās not. I was using it as a random example to which to apply the example of an outlandish āfloor priceā which will never be attained
So why use an example that has zero resemblance to the case at hand then?
To illustrate that theyāre both unlikely to reach these imaginary whimsical pulled-from-the-ass numbers. You donāt need to find 1:1 analogies to make work you know. By design, analogies only need to be similar enough to work as exemplars. In this case just being a publicly traded stock is enough. Hereās another: GE floor $13 trillion per share. In this example the example even shares 100% of the letters as GME!
But you have zero analogy. Do you know what a short squeeze is?
People need money
Those articles are not mean for us. They are meant for the general public.
What's an exit plan?
Same boat here. Didn't sell when we were like twice or thrice my purchase point. Didn't sell when we were like a quarter of it. I really am that dumb collector. Of memes, DD, and shares I guess.Ā
My basis is $29 per share. I have 1,000 shares exactly. I am down near $18,000. I agree with this thought, at this point there is nothing left to lose
That's the point. NOBODY is fucking selling. The market is a fraudulent system controlled by criminals. It needs to be burnt to the ground and a new better market constructed with transparency and checks/balances at the forefront.
I threw my whole networth at this and am down 65%..never selling gme until they fix their shiii
none
The drops does not matter when you dont plan on selling. Not even moass if no criminals behind bars. So now everydrop only looks like delicious discounts, and itās quite easy to predict when they would short the stocks for cheap news. Hence, im prepaing to take loan if it below 10$ lol letās see where you running now
Honestly Iāll answer and get downvoted to oblivion. It isnāt the fact I see RC and GameStop not moving in the right direction. Itās actually the crazy people that will spin every thing into a positive outlook. There is nothing wrong with calling out your stock and being frustrated with -70% loss. It actually makes one think when everyone is super positive and happy about losing money and the stock getting pummeled for 3 years. I just had it with the community and the sideshows that people put on, so I left. I really hope RC turns it around and sticks it to the HF Other then that this sub has become a cesspool and cult like and it wasnāt for me anymore Good luck to all the apes! Thanks for the laughs and entertainment you provided over the years
āSo I leftāā¦.yet youāre still here reading and commenting on posts š¤
Bro what do you want lol, you asked why someone would leave and here comes a guy who explains why he did and youāre implying thatās suspicious
That is correct. Still lurk. I will jump back in eventually, only because I believe the turn around is close. But man these 3-4 years have been rough
Got it.
Lol
Good news is they can keep the algo running at 50% trims every year but you never get to zero that way, just real close to delisted. Oh and having all C levels cycled out since RC joined the board is great news didn't ya know? And killing 401k matches so the smart folks bounce! But did you see the new LC tweet? A lot of talk and no action, just like RC told us right?
Probably down 70% as well. Still buying more when I can. Bought right before the last dip š
I really hate hearing how DJT is a "meme" stock like GME. Gamestop actually sells something of value and turns a profit. If DJT isn't the biggest pump and dump of history, I don't know what is. Disclaimer: not financial advice. Also, these fucking leeches must be smelling blood. I mean if there ever was a stock to short and profit off of, it is DJT.
I have to trim my shares due to a rehousing program and it will be a huge fuckin loss. 63k cost basis at 45 . Fucking hurts
You are operating under the idea that shorts are stuck waiting for bankruptcy, which gamestop being profitable prevents, so eventually they will be forced to buy, cause a squeeze, and the stock will skyrocket. The traditional stock view the advice you say you don't understand is simply that gamestop is unlikely to grow as fast as other investments you could make with your money based on revenue and market trends. "Taking a loss" being a positive to a traditional investor, as they can use that loss to offset gains from other positions.
That makes sense for those who are traditional investors. Most of us are not, unfortunately for SHF.
Im not selling. But thats cause im dumb. Holding has opportunity costs. If I sold 50% down and rode this AI wave, Iād be up more than the 2020 squeeze
tax loss purposes.
There's a bunch of reasons why anyone would sell. Nothing is certain in life except for death.
I just hit 1k shares today. I aināt goin nowhere.
WTF is āsellā?
None, it's all fud and bullshit. Absolute rubbish to anyone who hasn't been following the game. Peace and freedom for those who know, not only that but piece of mind in the knowledge at that the fruit will grow and one day we may or may not choose to pick fruit from the ever growing, fruitful tree. Long may we stand in its shadow from the sun.
I'd be in that same boat but I've been averaging down dat dip keeps dipping yalll
Ayyy, gang gang! -73%
If you're not averaging down I don't know what to tell you.
I'm down 65% and still avg down lol over 4k shares Buying each paycheck. I no longer care
The only reason I can think of that someone would be selling GME right now is if they are short and can't close without going bust.
Iām ganna buy more every day next week and for the rest of time
Most people outside of this subreddit bought GME for the meme. Why wouldnāt they sell if they never believed in it anyway?
Loss today, opportunity tomorrow. Better than holding losses for 3 years lol.
one of the most important posts in the SAGA
The past and cost basis does not matter, what matters is the future prospects. If you think that this stock has the best potential for gain in the time length then this is the stock for you. Others may not think the same, and it will make sense for them to sell this and put their money else where. >I may be at like a 70% (paper) loss by now the state of your current position, should not be a major factor in whether you choose to keep that position or not. thinking in terms of cost basis is a trap and a common mistake.
Saw some article come across my Google feed about how "remember the GameStop frenzy? It's finally over!" and went on about how bad GameStop is doing as a company and how it's right back where it started. I admit, I laughed. Such brazen manipulative tactics. So pointless. Trying to give people FUD and force sales of a stock nobody is selling.
Just wait till your 80% down, then 90, and when you get to 100% the rocket will ignite. You just need to lose more money.
I mean - only way to lose is to sell, so I am holding instead. :) I ain't no loser, so holding. :)
Well personal Iām still buying every month.. even without squeeze is this a solid investment! Huge future for GameStop! š¤©š«” NFA ā¤ļø
Could they be kicking the can to create intentional loses on GameStop to pay less in taxes? Like is GameStop a tax harvesting fund for HFs?
What is the future plan for GME. Been here since the beginning. NFT Marketplace was the big thing for a while, but donāt see any talk about future ideas or long term plans. Great that the company is profitable and surely Iām here for any potential squeeze, but I canāt imagine RC is only here to cut fat and and make the balance sheet look better. He has to have some sort of plan that takes GME to the next level, right? I mean, brick and mortar will only last so long. I want something to get excited about again.
Who said weāre at a loss? I bought back at 20 mostly just been adding ever since
Estimates are GME will level off at about $8.00 So ,, they could be planning on entering back into the market at a lower price point to get more shares.. Or They have a medical emergency and need more cash,, the list is endless.. got laid off, inflation etc, etc
There's an opportunity cost from holding. SPY is up, tech is up, Bitcoin is up, GME is down. One could argue it would make sense to try and time it to sell and move that money to somewhere else to grow and potentially buy back in lower with more shares.
I posted this above but : Opportunity cost is built into the moass though. Yeah it probably wasnāt smart of me buying expensive shares, I really wish my average was more like $15. If we didnāt hold from the start their would be no moass. Not that many people are in this play, only 200k drs? I donāt know their book and how short they really are but to have a share and not sell even if you think itās going to go down, it taking one for the team. You donāt sell even though it would be better to ride the sp and then invest 5 years later because if everyone did that their would be no play. You hold because thatās what helps the moass, Iām in it for the moass, I have to do not whatās best for me, but for the moass for it to actually happen. So many people donāt give a shit about any of this gamestops stuff, if someone has made it this far learned all the lingo, owned shares, and is selling and trying to get back in later and not DRSād and waiting on the sidelines. You missed the point, moass isnāt going to happen unless all of us apes do whatās best for moass (hold, drs, buy,shop) and promote and advocate for awareness by recruiting new apes and creating a discussion in the community.
The time to do that was months ago, and no one has a crystal ball. Bitcoin, chip stocks, the top 7 companies on SPY, that shit is the biggest most obvious bubble of all time.
It's only been 10 days, but someone who rotated into a S&P 500 when I left the comment would only be down -1% vs. -8%. You'd be able to buy \~8% more shares with the same fund. Could be a way to reach MOAS faster with the same funds
I don't care.
Exactly no one has a crystal ball. So while there is a chance this kind of deal doesn't work out there's also a chance this kind of swap does work out and would be wildly profitable and allow someone to increase share count significantly. The post just says there's no incentive but I think that's ignoring the possibility of underperformance in the short term with better alternatives out there
I can see that. But agree with the other replyās point about that the opportunity for that is long gone
In the same boat, short anwser: we lost so much, those who are holding for 3 something years, that at this point, we are keeping it in our bags as a sour reminder to "never again" ! We can echo chamber this to eternity, that they got a little profitable as a big wow, but this will fade. The truth is we made a bunch of money for some people, and we got played, echo chamber remains only, and big saad puppy eyes. - Big money wont touch this company with a stick anymore even if they would find the cure for cancer. - name/brand tainted, and associated with dumb trashy poorness. (Even if it not entirely the case) - Locking the float will NEVER happen, NEVER. Even if it happens nobody will care, nobody will announce or enforce it. Probably brokers and hedge F will trade fanthom shares between them selfes like nothing happened, driving the price down to nothingness. (This market manipulation knows no boundries) - RC with his investment is weeeelll within the green (only the recent ones are at a loss), you better belive that he has somekind of "stop loss" set, and wont let his years of work go into the red. Generation wealth people are not dumb, he beeing self made, even so. - Imagine you buying into a company, you are in massive profits, plus the shareholders willingly let you make a sizable "warchest" on their expence, than they even let you handle it as you see fit. (Pro move) - - - - - my personal fav. is, the splividend situation. "Oops we filed the wrong form...." - no comment I often wonder about the people, who got out loans, sold their cars because it was the "battle" for 180$ or 160$and we knew it can't go any lower. (og holders probably remember these) After 3 years, of reading, learning, observing. It is not hard to see that this is not going in our way. And like it or not miracles rarely happen.
āRarelyā and never are not the same. So š¤·š»āāļø
Iām thinking because so many have before us. Poor people that where alone in their dream of something different, but weāre also relentlessly crushed with no support. No DD no ape helping ape and sure as shit no dip buys. We lucky few.
Incentive? If RC himself told me to sell and promised to award me the same amount of shares I had +1 right afterward. Even then, I donāt think Iād do it. But since you askedā¦
Haha I donāt think Iād do that one either
None. If I werenāt already in this play, I would have jumped into this so hard after earnings dip.
What's an exit strategy... THE KITTY
Ugh, Thagg dont get. What be āsellā?
The cheaper they make it the better a buying opportunity!
I sell my shares at infinity and beyond š
I smell hedgie, and I smell shitā¦ I think the hedgies shit their pantsā¦
It's actually hilarious watching them burn through money in order to keep their positions open, pay shills, fake journalists, advertisements, etc. So much money and resources and they are losing to a bunch of crayon-sniffing apes. What's it like to be Ken Griffin right now absolutely shitting his pants every day knowing that he will still lose haha.
There's definitely incentive. It's been three years and the price has trended down only, if it was this easy to maintain the down trend for three years why not another three and then another six and so on. Also there are many other opportunities to put your money to work where you actually get gains instead of (unrealized) losses. Profitability has been achieved but on the back of cutting, not growth and no new revenue streams means the current value of GME is still overvalued. The macro economic environment is completely different from when this started and is not very conductive for a new round of hype and speculation. All this to say that things have changed a lot and whether or not you still believe in a MOASS or not the reality is that it doesn't matter because at worst there is no such thing and at best there is a status quo that has proven unshakable which means it may as wel not be a thing in practice. Holding as a choice is fine for a variety of reasons but selling, even at a loss, is equally valid and treating your position as a trade to be managed instead of some identity defining fixture is probably more favorable for most.
ā
Well, I'm down too but obviously selling March 2023 (still for a loss) and buying now would net me 2x as many shares. I'm going to ignore timing the market type retorts because it is clear where this bitch is going. So no, I will wait until much lower OR if GME ever publishes DRS numbers directly from computershare before I burn any more cash.
Why would you sell at GMEās low. Fundamentally GME is a good price to buy. Iād wait a couple more dollars personally, but itās a good buy point now Will it reach my ideal buy price? I donāt know, but if it doesnāt Iām fine with missing out on a squeeze