I can't say much for AMC cuz I don't believe in that horseshit stock, but the GME tribe is not a marriage. The only reason we are a GME tribe is because that stock was the biggest victim of SHF manipulation. It's not a marriage with the stock, it's a war against Wallstreet, but the catch is that they can't win. They lose when the DRS hits 100% (it's at 45% right now). At that point, there is 100% irrefutable evidence that the stock market is fake that not even the boomiest of boomers can refute. How can you have a market price on a stock when literally every single share in existence is directly registered and held? No one is selling, and everyone is buying. It may take a couple more years, but it's not like these people are going to sell. They just aren't.
> GameStop is not a dying company GameStop consistently loses money. Over and over again. It is dying. > and hedge funds have shorted GME stock over 100% Short interest is around 23% > the hedge funds have to buy all of the shares to cover there shorts No they don’t > We own the float No you don’t > We set the price. No you don’t > When the hedge funds buy the shares to cover there shorts the mother of all short squeezes will happen and GME will be worth millions of dollars per share No it won’t > The squeeze will last for months or even years. I wont let the hedge funds buy my shares for less than $10 million each. Just read the DD on r/Superstonk and then buy GME and DRS your shares. You are delusional Do not buy GameStop. It is a dying business and a dogshit stock. Yes, this IS financial advice.
GameStop is not a dying company and hedge funds have shorted GME stock over 100%. That means buying shares of GME is literally free money because the hedge funds have to buy all of the shares to cover there shorts. We own the float. We set the price. When the hedge funds buy the shares to cover there shorts the mother of all short squeezes will happen and GME will be worth millions of dollars per share. The squeeze will last for months or even years. I wont let the hedge funds buy my shares for less than $10 million each. Just read the DD on r/Superstonk and then buy GME and DRS your shares. DYOR this is not financial advice.
Don't invest what you can't lose, you paper handed physical moron. Time your market and concerned yourself with rate hikes meanwhile I'm chillin waiting for my DRS'D GME shares to increase exponentially or not either way like I said I invested what I'm comfortable losing.
I'm a sceptical guy so (at first) I bought one share just for the memes. Then GME turned out to be a wild ride. Check this out: They said not to trust self reported short positions. Then this lawyer Wes Christian who's lawfirm represents companies that have been shorted does an AMA and states that for every client he had handled, those numbers have been BS. I thought that was kind of interesting. Nothing more than that but it was enough to keep me coming back to the sub. They start talking about how ETFs that included GME were being shorted as a way to further short GME. I thought that was total tin foil hat brigade stuff. Then the SEC report itself - the one on the GME January event - confirmed that the XRT ETF had been used to short GME. That was WTF moment for me. They said dark markets are being used to manipulate prices. I was doubting again (but maybe to a lesser degree haha). Then the head of the NYSE says the non lit markets hurt price discovery. That gets followed up the head of the SEC (Gensler) coming out and officially stating that over 90% of retail's market orders get sent to these dark mark instead of lit exchanges. They then start talking about how DRS shares will help prevent manipulation. Now this has not been proven true or false but I can tell you that (for now) as the percentage of the free float that has been DRS'ed has grown, so too has the disparity between AMC and GME increased - previously they were in lockstep. Maybe that is just coincidence but these days I'm paying attention to the popular suppositions of the GME sub. That said, I definitely don't know how these markets work. All I can confident tell you is that algo trading is king, SEC fines are usually just cost of business, and TA is like predicting the weather.
If only there was an (GME) NFT Marketplace about to launch in the next 30 days. If only the fees were Pennie’s to dollars per transaction (LRC), and you could trade and sell (IMX) NFTs. That would be pretty cool. Buy Hodl DRS.
>Oh my word this doesn't feel like you're genuinely interested in changing your opinion at all so why am I supposed to be invested in arguing with you? I am if presented with reasonable evidence. All I've done so far is point out real-world examples that appear to contradict the claims made. > You literally moved the goalpost for digital ownership... I'd argue that (like all the DRS GME monkeys are screaming) anything controlled by an institution is not truly owned Firstly, I did not move any goal-post - you said digital ownership, and then clarified. Digital ownership is not a new concept. However, let's take this rather arbitrary perspective for a second - it's not digital ownership unless the individual owns everything directly. What examples do we have of digital ownership has crypto created, beyond owning crypto itself? > Alchemix doesn't need you to make payments, it's all done automatically by the protocol. Why is this significant? This is an implementation detail (easily replicated)... not anything fundamental or special about crypto. > but only if you can show me a loan where I simply put down collateral and the collateral generates income automatically to repay the loan. Can you give me an example of one of these loans in crypto where the collateral automatically generates an income to repay the loan? >there are certainly quant firms that use algorithmic trading, but none of them are trustless and decentralized. Your claim was not about being trustless or decentralized, but about 'Algorithmic mutual funds.' I'm addressing the claims made, but rather than recognizing the validity of the counterexamples, I'm hearing entirely new arguments being made that are irrelevant to the original claims?
> Who gives a shit about revenue? …posted their worst EPS ever. Someone needs to back to school. Read Graham’s Principals of Security Analysis for starters. Also, this is essentially an e-commerce start up SPAC now. EPS means shit when you’re an e-commerce company in the early growth phase. > In a single year, Gamestop has burned more than $1,200,000,000 USD. Turns out that’s what happens when you have to completely revitalize your entire company infrastructure after years of neglect by poor management. They’ve bought, staffed, and activated huge distribution centers, they’ve hired tons of new executive talent, they’ve revamped a lot of backend systems that needed updating. All of which you’d know if you read their filings in any detail at all over the past year. > The ticker is worth 30% of what it was a year ago Someone reads too much Seeking Alpha lol. Is it currently, at this moment, down from peak? Sure. What about when it spiked suddenly to $200 in March 2022? How about mentioning the fact that it’s up multiple hundreds of percents from, say, 18 months ago? How about the fact that it spikes to $200-300 every 12 weeks like clockwork? Jan 2021, March 2021, June 2021, August 2021, Nov 2021, March 2022 were all huuuuge percent gain times. And there were smaller spikes every 6 weeks in the dates between those. > Can you prove your gains? Your post history shows you drs’d a whopping 14 shares in the $170s. Yes I can. Look again, I think it’s 74 shares. But I hold a few thousand shares total. They’re just mostly in IRA’s and I’m not risking a tax hit to DRS and more importantly, I make a LOT off GME options. I buy calls/spreads, sell covered calls, have protective puts etc. I don’t just sit here and passively hold shares in DRS. I don’t sell my share position but it’s far from my only position and the shares I DRS’d when the price was around $170 weren’t bought at $170. My cost basis is <$70. I’m doing just fine, thanks.
Hi everyone I’m glad to see your all looking at GameStop I’m sure you have heard many things like cult or conspiracy theories Trust me I’ve been invested with GameStop since January 2021 and haven’t sold a share and keep buying the DD is real and we knew about our wallet and NFT marketplace a year ago before anyone else Interested ? Here’s some good places to have a look our home r/superstonk Our collection of DD www.gme.fyi Why we all DRS our shares www.drsgme.org Highly recommend watching our movie on HBO “Gaming Wall Street” Little video of the story so far https://youtu.be/JGWN1-I8Kac I’m open to all any any questions but recommend you head to our sub for more detailed information Crypto and the blockchain are the future to a free and true transparent financial system
Your a clown🤡 Hedge funds have shorted GME stock over 100%. That means buying shares of GME is literally free money because the hedge funds have to buy all of the shares to cover there shorts. We own the float. We set the price. When the hedge funds buy the shares to cover there shorts the mother of all short squeezes will happen and GME will be worth millions of dollars per share. The squeeze will last for months or even years. Just read the DD on r/Superstonk and then buy GME and DRS your shares. I wont let the hedge funds buy my shares for less than $10 million each.
You really are mad about it, I’m sorry man. We have more then enough evidence shorts didn’t close. They even doubled down on they’re short positions. If you did the Due Diligence we have you’d know. Im 100% sure they didn’t close. The SEC is nowhere to be trusted they’re there to protect Wallstreet not the retail investor, Garry Gensler is bought and paid for and doesn’t do shit. They give fines 0,01% of what does criminals steel from us, that’s called a business fee in my eyes. About GameStop; Let’s drop the squeeze play for a second. ( I do believe in it ) say it’s off the table fine. GameStop is a debt free company market cap of 6 Billion with 1 Billion in free cash. They’ve lately hired numerous people from companies like Amazon, Microsoft etc. Highly educated Financial people SEO CEO, why do you think these people would leave they’re job to earn less at GameStop and get paid in shares. Because they believe in something. They are building the future of finance. They’re collaboration with Loopring Layer2 and ImmutableX is all confirmed they are building a Decentralized/tokenized Stock exchange. Still if you don’t believe that, there’s is going to be a stock split just like Tesla did and (I must say) “rumored” tokenized diffident which will absolutely fuck anyone over who’s short on GME. On the point that apes do nothing you’re wrong, apes have been Direct Registering (DRS) they’re share with ComputerShare the designated transfer agent for GameStop stocks. Normal brokers like Fidelity Robinhood IBKR etc let you buy stock in a custodian account which means you’re only the “beneficial” owner of the stock and not the real owner. They can do what ever they please with your portfolio when they want. It’s all in they’re fine print. If you DRS your shares you’re taking them away from the DTCC and registering them in your own name they are truly yours. Know can fuck you over. That’s what apes are up to but there’s way more we’ve been writing congress we’ve commented on rule changes etc. now there’s a rally going to vote your shares for the annual stockholders meeting, so GameStop can do the stock split / diffident. On the brick and mortar side of GameStop they’ve just opened a big new fulfillment center and are growing in online delivery as we speak. It’s just to much to talk about. I’d just recommend doing your Due Diligence [At the Superstonk library](https://fliphtml5.com/bookcase/kosyg) We will change the world. 💪🏻🦍🚀🚀🚀🌚
> The retail “investors” in LRC are mostly short attention span morons that’ll move onto something els This is objectively false. Look into what DRS is lol. Hating on GME holders being into your project has to be one of the stupidest takes in crypto. "Oh they annoy me on the internet". Ok cool. They also do insane shit like go through the process of direct registering their shares in their own name to a level that has never been done for any stock before.
Sounds like forum brigading to me. Supercult has been wrong consistently and lacks understanding of fundamental market mechanics. They have NOT proved any illegal or manipulation completed by Citadel. The same apes who fling shit and cry wolf, don't cry crime when their beloved stock has run ups. They are a straight up cult who indoctrinate the desperate with promises of riches. Buy 1 share and be a multi millionaire. This same group of people claim the short interest is 300-10,000%. Yes. 10,000%. They can't even DRS enough shares to lock the float. They keep moving the goalpost. Im curious to see the fallout when they realize MOASS isn't happening and they have a nice, healthy smack of reality.
It would be nice if it were that simple. It reveals to the public that there is market manipulation. But, knowing something is not enough. Proving and being able to do something about it is another. If you've never traded securities, then explore the history of it. GameStop's stock is a prime example. There's more to retail holding and buying GME than just because of the business. Not to say that it's not a good company to invest in. But, it's a movement as well to expose the corruption. Hence, the debacle last year with the brokerage halts/restrictions and Congressional Hearings. The ongoing push to DRS which you could relate to moving crypto off-exchange but it's direct registration of shares out of the DTC. That's why you constantly see the tag #NoCellNoSell because out of mere principle, people are buying and holding to squeeze out more than short positions. It's to cause losses to who finances them along with their abuse of privileges in the market through lending, AP status, broker-dealer contract writing and swaps, etc. The Federal Reserve and the Banks who control, such as BoA, JPM, WF, GS, are the problem that started with fiat and was the philosophy behind why crypto could be what society needs to detach our utility of exchange from the Central Bank. However, it probably wasn't foreseen that all of the sources of creating, supporting, utilizing, and hosting the asset would be owned by the financial tyrants. So, moving crypto off exchange into private, cold storage is a start.
If we are looking at another 90% crash, I’ll take buying a half a bitcoin for $3500, I’ll find a way to make that happen. There’s a lot of institutional adoption happening so 90% drop from ATH is unlikely. Till then it’s DRS my little bit accumulating as much as possible. And hope it’s enough by the next takeoff.
Hedge funds have shorted GME stock over 100% and buying shares of GME is literally free money because the hedge funds have to buy all of the shares to cover there shorts. We own the float. We set the price. When the hedge funds buy the shares to cover there shorts the mother of all short squeezes will happen and GME will be worth millions of dollars per share and the squeeze will last for months or years. Just read the DD on r/Superstonk and then buy GME and DRS your shares. I'm not selling any of my shares for less than $10 million! After the MOASS I will put $20+ million into bitcoin and other top cryptos. DYOR this is not financial advice.
Are ya ready kids? aye aye, captain! oh.... who's building a marketplace better than open sea? (RYAN COHEN!) Always on twitter shit posting for free - (RYAN COHEN!) ​ If going to the moon is something you wish! (RYAN COHEN) Then buy some stock and DRS your shit! RYYYYYYANNNNNNNN- COHEEENNNNNNNNNNNN
I can, unfortunately. The night of 27 January 2021 while on twitter, I learned, late, about GME squeeze. I had zero brokerages to buy from, and many mentioned Robinghood being easy to open a new account. On January 27, 2021 I purchased $100 for GME and $100 for AMC late at night. The next morning I was in my office (🚽) learning about Portnoy on Twitter, watching his love show, reading from others the BUY button was shut off. I went on RH immediately finding my purchases were cancelled. Cashapp allowed purchasing, so I bought there. Then I learned about Doge, realizing how dumb I was listening to people long ago not investing in BTC. So, the $200 I had in RH bought Doge at an average 2¢. Low Karma, but I’ve been reading on r/Superstonk, did my own DD, and chose leaving my Doge in RH until they allow wallets. The only stocks I had in RH were the ones they gave me for free when opening an account. All my free shares transferred to Fidelity. I bought on Fidelity until we learned about DRS last year. I DRS’d last year, and have been buying on Computershare whenever I have more money than the fees I have to pay since I’m unemployed. I will be transferring all crypto out of RH and into my wallet, asap. If GME had a wallet…I’d gladly transfer from RH. So, fuck Robinhood. I’m hoping they killed their business by allowing wallets, and many are transferring out.
I agree, corruption is rampant no doubt, however GME shares cannot be traded peer to peer, and there is no predictible inflation schedule - new shares can be issued at any time. Using the unfair system that is designed to take advantage of you to try to have the otherside play fair is going to be for all intents and purposes, impossible. MMs can create infinite shares, via selling calls for example and take advantage of FTD, and though DRS may expose the problem, no one will be paid out, even if > 100% of shares are off the market. At best there could be a token settlement, maybe you get the shares back at the price you bought them, but only after lengthy litigation and frozen shares which cannot be sold during. Market manipulation been going on a very very long time, look at the LME for example. Or here in this article, a gentleman bought **all** of the available shares of a company, and they still traded on the exchanges. https://www.euromoney.com/article/b1320xkhl0443w/naked-shorting-the-curious-incident-of-the-shares-that-didnt-exist This is why so many iterations of e-money were created, until one, Bitcoin, finally succeeded. Everyone knows the fight is fixed, the poor stay poor the rich get rich. Everyone wants out, either by fair play, or to be fiat rich enough to hold the whip. Bitcoin was never about getting rich, it was about having a system that was fair, which is why it's laughable that people worry about price pegged to a rigged system. People are starting to move to, and continue to move to a parallel system, and would rather support a circular bitcoin economy and pay and be paid in bitcoin. The state has just started to figure that out and realize the magnitude of the implications that proffers. The only way to win is to not play. The tools of the master cannot dismantle the masters house. TLDR; Get your coins off exchanges and into your control.
Top comments better than I expected. I have no money in cryptocurrency. I just hang around for the scam drama. I live in the US which means I get to say that I am not a finance professional, I can't give real advice. Crypto as a means to afford retirement, as in dumping everything you got...is dumb as hell. You're not an expert in this field, you're surrounded by scamcoins and shitcoins and rug pulls and (legal-ish) insider trading pump n dumps on all sides, you have no idea what the regulation environment (or lack of) will be even 5 years from now. No remote sense of stability. Making it big is only mathematically possible for the lucky and the few. Lottery ticket and meme stock jokes aside, you're best off with a balanced investment portfolio made by a professional. My employers give me such retirement funds I dump 6-8% pretax in and I do direct purchase stock (DRS) with automatic dividend reinvesting that buys fractional shares. I thought Canada had a better setup than the Ponzi scheme combo of Social Security + Medicaid combo we have. Sorry housing so expensive in the 2nd largest country on earth. Stock up on medicine then move here. I live in the very large city of Atlanta. Plenty of jobs and affordable housing. Yes, the traffic sucks but the airport is cheap to fly out of and the metro/MARTA system is good by US standards. I used to live in a major beach town in Florida and small 3-4 bedroom houses run $500k there. Florida has no state income tax but your car insurance rate will double.
This is pathetic. R/superstonk is wrecking shit. I used to pretty much only read the btc subreddit, but the people in that sub are doing real work. Guys, don’t sleep on GME before the stock split, this is coming from another real Bitcoiner. Don’t sell your btc, but def get your hands on some GME and DRS register.
Fwiw, I'd highly recommend buying GME stock - even one share - if you're looking to diversify and "shoot for the moon" so-to-speak. Aside from the whole "short-squeeze" stuff, it's a really, really strong company making a turnaround, largely using web3 interfaces/software/UI, while also in the forefront of gaming and more (now). If people are going to throw a couple hundred dollars at a token/coin, then that's another really good option. If you do buy a share, be sure to DRS it, though.
I’ll be excited to see a brand new stock exchange built upon LRC with the entire GME float lifted from the DTCC and brought over. With transparent trades. Instant settlements. No naked shorting and 24/7 trading. DIAMOND FUCKING HANDS MOTHERFUCKERS DRS YOUR SHARES AND BE THE CHANGE YOU WANT TO SEE 💎🙌
Maybe you forgot where they literally turned off the buy button and allowed sell orders to dump the market. If GME traded on a blockchain like cryptos then the reality would have ended differently. Maybe similar to amc in terms of manufactured hype but not GME. See DRS
Hello are you interested in the opportunity to generate passive income from your Direct Registered GameStop Corp. Class A Common Stock shares. Recently there has been a situation forming where investors are withdrawing their shares from lending pools and and not selling them. To increase liquidity in these transfer agents, my employer is subsidizing the sale of DRS'ed shares. For each sold share from computershare, you can make an extra 50$! There is a maximum of 40 shares per month, so you can make 2000$ a month doing this. Once you sell them, you are allowed to repurchase them and continue this on a monthly basis. Please respond with serious inquiries only and have a nice day!
The thing is Apes are direct registering shares (DRS) which is like taking the company private. A high enaugh number and a vote could lead to GME beeing pulled of the Stock market alltogether and issue new shares on another market. The leagal framework is there they could do it.
As someone who’s staunchly followed the GME saga for the past 12 months, whilst staying levelheaded and critically assessing the changing situations - there is a massive case for a blockchain exchange. Massive. All it will take is the first float to be locked / DRS’d and GME move across, exposing naked shorts and I’d expect their partners + Tesla etc / others facing short problems to join the club fairly quickly…
You aren't wrong OP.. I staked my ETH in CB (mid X) and have regretted it so much the more I've learned. They reported to the IRS that I 'made' 600+ USD in 'staking', but in the fine print they say its not a guarantee lmao. I literally can't even sell if I wanted to.. I have no idea if they have my coins the more I've learned how fucked up the financial world is. I feel soooo much safer with my 'idiosyncratic' stock DRS'ed than my crypt0 in CB. Going to xfer out of CEX asap onto a nano ledger for most of my cold storage and a few different 'hot' wallets to minimize risk.
you have a DRS post on your history - i'd take a step back if i was you. centralized institutions create synthetic shares to control supply / demand - that's why you all are DRSing - so that they can't lend out and create a huge amount of shares to short. same thing likely is happening with coinbase, but we all can just transfer our coins to a hard wallet. now. why don't you explain your first comment, and why you've jumped in now twice without providing a single word of substance? just smugness.
It's just pandering to GME retards who are bring the DRS bullshit to crypto. No Exchanges do this they would have been caught already because block chain and all that but apparently reddit has no fucking clue how blockchain works.
LRC is confirmed as a partner, the rumors are true and then some. LRC is still under NDA which means the announcement hasn't happened yet for them or the full scope of the platform. If you wanna follow the lemmings off the cliff, go right ahead. If you want to generate wealth, buy LRC under a dollar, DRS GME, and be patient.
Short interest can grow without limit as long as there are enough shorters, there could be multiple times 21M paper bitcoins at some point. The proper way to force a squeeze would be a bank run which for Bitcoin means that everybody withdraw their bitcoins to their self-custody wallet (in other words, they have the key to their own bitcoin addresses which balances they can check by themselves on the blockchain) ("not your keys, not your coins"). The equivalent for stocks would be DRS, and for gold would be physical delivery. Which comes back to my main point. The ideal state to prevent manipulation and price suppression is that everybody have self-custody of their coins, thus avoid keeping their coins on exchanges or ETFs.
You're right. What if I told you that much more information has been uncovered, and there was something we can actually do about it other than "occupy Wallstreet" and get laughed at? By direct registering shares, it pulls them from the DTCC and prevents shares from being abused by market makers. People are trying to DRS the entire GME float which would immediately expose any counterfeit shares. ComputerShare, the direct transfer agent for GameStop (and pretty much every other major company), has done multiple AMA's on SuperStonk, and have made big changes to help accommodate us specifically. It's actually wild to witness in real time. Just last week, Apex Clearing (who turned off the buy button on many different brokerages), started reversing shares in IRA accounts that were direct registered through ComputerShare. They're squirming, and it's fascinating to see. Then there's ETF's like XRT with over 700% short interest. They're panicking and it's showing.
True, look at how there is this big push to DRS GME stocks to sus out naked shorts. Pretty easy to send crypto from an exchange to a wallet you control. Then you know with 100% certainty that you are in possession of that asset on the blockchain.
>since this whole GME thing Simple, shorts never covered and were using crypto for naked short ammo. Once Apes started to DRS their shares and made it a HTB stock, they needed to take more crypto, probably for collatoral. Couple that with a possible LRC partnership and work on NFTs and you can see why they seem to move together. I reckon whenever this stuff works itself out is when crypto decouples again. Not sure which way, but if apes manage to make it squeeze, they'll probably roll it over to crypto.
Literally the dumb’est comment (and real story now), that I have ever heard in almost 50 years. Honestly, circus clowns can’t even dream this Sh!t up. WOW. I fell worse for the non-technical non-finance folks who actually read and trust in this market today. Crybabies can’t and do not ever win. I thank the losers who dropped the stock, I picked up xxx more shares this week and will enjoy my DRS’ing calls next week.
I lost thousands in the stock market. In the GM scam. Legal scam, really no different than what happened to you. I take it in stride. The only thing I own in stocks now is DRS GME. All else is in crypto. The bulk in BTC locked up tight in a hardware wallet. I couldn’t be happier and never think about the thousands they took from me.
No, its not good idea to support evil Vlad scaming business. Fudelity is the same shit just bigger and they made money before redditors uncovered that they are worse than Prince of Nigeria scam. everybody should learn this and let this Wall Street ponzi scheme burn to the ground. If you like some company, DRS. Do not daytrade.
Imagine ready player one but you win nfts by play to win . You can just make your living off of beating hard challenges and receiving songs or gifs or games or anything honestly even real world things . This is going to be insane I’m so stoked . Ryan Cohen Is the 🐐 DRS is the way and my tits are fucking jacked . Gimme an nft dividend and expose all naked shorts and I’ll contribute my life to this next world of Web 3.0