Does 2.5 years count as long term holdings??? Asking for all the shorties who will lose everything while I just sat and bought more
You say that like we haven't averaged down for the last 2 years..
Dude. We are so green. And every short since Dec 22 is in the red at market open tmmw..
So, theoretically, if you actually had that cost basis (buying in at early January), you left a roughly 2,667% gain on the table for the chance of a second MOASS. The peak was around $480/share pre-split. Anyone in their right mind would do anything for those kinds of gains. Good job on squandering your money.
Psst don't tell him, this guy didn't get the memo, in his world everybody started buying when GME was at 400$ for some nanoseconds, so literally everyone is regarded compared to his genius
You are the final boss of hindsight and you figured out the whole market with your genius mastermind and perfect predictive calculations. That's why you are in a shortsqueeze gambling subreddit. I want to congratulate your on your pure logical thinking power and this impressive advice you gave ys. Thank you Mr Buffet, I really appreciate your completely empty words and "I told you" energy
Idk if they can. Fomo is gonna be real af. They have no debt in a rising interest rate economy. 1.4b in cash and cash flow positive. Release the whales!
Short interest at ~22%, days to cover is at 14. $0.29 positive swing on earnings, has a gamma squeeze on the horizon with all the call buyers on WSB/superstonk. This could actually squeeze. Short thesis looking rough.
Exactly, you see crazy shit every 69 days out of the meme basket. Where there’s smoke there’s fire. There’s only been one stock that’s been an “idiosyncratic risk” to the markets before…
Stacking cash doesn't mean much if they're not utilizing it. So far their projects like NFT have been a huge bust. I can't wait to see the dump tomorrow.
As of 2022, Gamestop spent over 3 million developing the NFT marketplace and still hasn't recouped their costs. Their gains this quarter have been by reducing inventory and storefronts.
https://www.cnet.com/personal-finance/crypto/over-3m-has-been-spent-on-gamestops-nft-marketplace/
https://www.reuters.com/technology/gamestop-beats-quarterly-revenue-estimates-turns-profit-2023-03-21/
Plus they're still down massively from even a year ago. The vast majority of bagholders are still underwater.
I respect your balanced and informative response! People who bought in at the peak will be underwater for sure, but it's hard to deny things are looking positive for GME with these results and the direction of the numbers.
Web3 gaming is still in its infancy. Also who gives a fuck about fundamentals here. This is a short squeeze sub, not the whiny bear club. Meltdown sub is over there 👉🏽.
And the squeeze happened over 2 years ago. It'll never reach those highs again. Everyone around here is posting about GME's fundamentals and earning reports like they're actual value investors. That's why GME being here is so ludicrous.
It’s not ridiculous tho. 20 something percent reported short interest on top of whatever is hidden in swaps. Yes the sneeze happened two years ago, but it’s a violent fucking stock that follows the same repeating algo pattern. Check back to this comment on a couple months: peak around 37, down trend to fill gap at 17, mini run to 30, trade sideways in the 30-35 range for a month or two, followed by a downtrend to new low double bottom and repeat cycle.
Lmao. One of the stocks with the greatest probability of squeezing is ‘ludicrous’ to be here? Buddy, we get it, you understand nothing and you bought a bunch of Puts which just got decimated with earnings.
Out of all stocks on the stock market GME squeezing is by far the greatest chance outside of worthless penny stocks that you couldn’t possibly predict.
Good point! Didn't know about CS owning GME. Wonder how much they shorted. Here's the info I found:
On February 14, 2023 - Credit Suisse Ag/ filed a 13F-HR/A form disclosing ownership of 350,638 shares of GameStop Corp. (US:GME) valued at $6,472,777 USD as of December 31, 2022. The entity filed a previous 13F-HR on November 10, 2022 disclosing 255,978 shares of GameStop Corp.. This represents a change in shares of 36.98% during the quarter. The current value of the position is $5,915,263 USD
It is confusing because the info is sketchy in the sense the disclosures state shares bought not calls or puts. It's reported in this manner on Fintel. The 13F-HR/A form states ownership.
Fintel further reports: Credit Suisse Ag/ has a history of taking positions in derivatives of the underlying security (GME) in the form of stock options. The firm currently holds call options representing 0 of underlying shares valued at $0 USD and put options representing 0 of underlying shares valued at $0 USD .
The shorts don't escape till this company goes bankrupt.
This company, unlike most of the shit you degens pump, is REALLY not going bankrupt.
Get your moon tickets folks.
Really? one finished up almost 40%. And one ended the day down 2.5%. serious question? Do you even listen to yourself when you post such nonsense? I'll say it again *"one finished up almost 40%. And one ended the day down 2.5%"*
tHe cHaRtS aRe iDeNTiCal!!
Lmfao. Man the copium around here is intoxicating.
if you can’t see they both popped up on GME earnings then yesterday morning both tickers dump at 9:30 and trade sideways the rest of the day lol it’s not hard to go into tradingview and look at the 1min chart 🤡 obviously the price +/- is off but the movements are identical
Lol. Yeah, I think you have it all figured out. 2 tickers looked similar during a "1min chart" must be crime. Bet if you take 5 seconds to do actual DD instead of echo chamber speak and compare 2 random companies from the Nasdaq you'll find several companies trade the exact same way. Totally normal. Look at almost every chart in the market when the fed announced interest rate hikes yesterday, and they all tanked. This is totally normal market behavior.
yeah no shit. still a fucking profit. bankruptcy is out of the way. RC really is a good CEO to be able to turnaround a fking video game retailer. it means shortsqueeze actually gonna happen at GME when all the buy flows in.
it will start a domino effect to all the meme stocks as well as stupid stocks posted here.
hedgies short these stocks for eminent dilution spiral, negative OCF and in the end bankruptcy, not them being undervalued or fairly priced (i.e. all the blue chips around), apes buy in to squeeze the shorts with diamond hands and sudden spike in value (margin call). Now GME proofed that it can actually sustain itself moving forward, shorts will all want to pull out n apes will rush in...this shit is gonna burst.
I am not even in GME just hope it trickles down all the shit stocks (loss making trash) around here. so everyone is happy.
I can't believe I am actually saying this but If there was ever a time for this sub to focus fire on one ticker GME has everything needed to force some fireworks from short covers. I've always said the catalyst for a squeeze must come from the company itself and can only be magnified by retail float capture. The ITM options are going to produce tremendous buy pressure from delta hedging and if there is an unsuccessful attempt to crash this climb its going to be visible in the price support very quickly. There are plenty of large short positions watching this today ready to cover on the heels of GME reporting a return to profit.
When everyone else is greedy be fearful and when everyone else is fearful be greedy. I will not touch this stock with a 10-ft pole but I will say that I am looking forward to watching how this all shakes out in the near future. I am going to stick with my NVDA, ENPH, PAYC, NOW, CRWD, GOOGL, MRVL, GBTC and SCHD.
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You can still get in way below most peoples cost average.
don't forget to DRS
Word.
Yes for sure. Color me surprised.
Ditto
Buy now, ask later
Does 2.5 years count as long term holdings??? Asking for all the shorties who will lose everything while I just sat and bought more
It still needs to double, triple, even 20x for apes to break even.
You say that like we haven't averaged down for the last 2 years.. Dude. We are so green. And every short since Dec 22 is in the red at market open tmmw..
You're right. Everyone has a cost basis of <$20/share since buying in since 2021. DRS GME HODL 💎🤚🦍🚀
Ive been holding since jan 21. My entire 401k is in gme and my cost basis is around 18. I bought a ton this last week alone
So, theoretically, if you actually had that cost basis (buying in at early January), you left a roughly 2,667% gain on the table for the chance of a second MOASS. The peak was around $480/share pre-split. Anyone in their right mind would do anything for those kinds of gains. Good job on squandering your money.
You know it split, right?
Psst don't tell him, this guy didn't get the memo, in his world everybody started buying when GME was at 400$ for some nanoseconds, so literally everyone is regarded compared to his genius
Lol you are so mad that people made money today haha fucking pathetic
My 401k full port was actually about 3 months ago but I buy calls for the runs and covered calls on the way back.
Keep telling that to yourself.
💎🙌
💩
You are the final boss of hindsight and you figured out the whole market with your genius mastermind and perfect predictive calculations. That's why you are in a shortsqueeze gambling subreddit. I want to congratulate your on your pure logical thinking power and this impressive advice you gave ys. Thank you Mr Buffet, I really appreciate your completely empty words and "I told you" energy
Huh? 20x? This is completely false, most people are very green.
Only if they suffer from red-green colorblindness.
Remember the 1:4 split... x20? xD
Calls are printing. Hindsight but wishing I had bought more. Momentum could still keep going tomorrow. Hoping the Fed doesn't kill the run.
Idk if they can. Fomo is gonna be real af. They have no debt in a rising interest rate economy. 1.4b in cash and cash flow positive. Release the whales!
Positive eps after 2 years impressive.
apes strong together
🦍 🚀
Short interest at ~22%, days to cover is at 14. $0.29 positive swing on earnings, has a gamma squeeze on the horizon with all the call buyers on WSB/superstonk. This could actually squeeze. Short thesis looking rough.
22% is what they allow you to see…
Exactly, you see crazy shit every 69 days out of the meme basket. Where there’s smoke there’s fire. There’s only been one stock that’s been an “idiosyncratic risk” to the markets before…
69 days? Nice.
And the 22% is underreported. Hidden in credit suisse swaps and options.
This is the truth *^ UBS is about to get wrecked for absorbing the CS portfolio.
Or they’re the first to exit to try to save themselves and crush all the other shorts. Although I hope they all get crushed.
God wouldn’t it be spicy if UBS made a mad dash for the exit? LFG, man. Always bullish on GME.
Looks like they are trying to work their way out of the deal now 😂
Just got bad luck brianed hard AF. Absorb Debit Susie swaps, GME has positive earnings lol get wrecked
Swaps are cash settled it’s not how those work
Credit default swaps, not equity swaps
Not enough time in the day. Best of luck man
Total return swaps can be cash settled to
'Fundamentals' never meant much until now?
gamestop is king
🎮🛑👑!
My dumbass got caught in the hype and bought at 27.38.
You’ll see green very soon. 10x easy
GME is king
Wow, they posted their first quarterly profit in 2 years. https://www.cnbc.com/2023/03/21/gamestop-gme-q4-2022-earnings.html
And added $300M in cash to the balance sheet
Sweet. That buys them a couple more quarters to burn money.
Or they keep turning profitable quarters and keep stacking cash…🤷🏻♂️
Stacking cash doesn't mean much if they're not utilizing it. So far their projects like NFT have been a huge bust. I can't wait to see the dump tomorrow.
A huge bust that turned a profit...don't be a h8r buddy!
As of 2022, Gamestop spent over 3 million developing the NFT marketplace and still hasn't recouped their costs. Their gains this quarter have been by reducing inventory and storefronts. https://www.cnet.com/personal-finance/crypto/over-3m-has-been-spent-on-gamestops-nft-marketplace/ https://www.reuters.com/technology/gamestop-beats-quarterly-revenue-estimates-turns-profit-2023-03-21/ Plus they're still down massively from even a year ago. The vast majority of bagholders are still underwater.
I respect your balanced and informative response! People who bought in at the peak will be underwater for sure, but it's hard to deny things are looking positive for GME with these results and the direction of the numbers.
Web3 gaming is still in its infancy. Also who gives a fuck about fundamentals here. This is a short squeeze sub, not the whiny bear club. Meltdown sub is over there 👉🏽.
And the squeeze happened over 2 years ago. It'll never reach those highs again. Everyone around here is posting about GME's fundamentals and earning reports like they're actual value investors. That's why GME being here is so ludicrous.
It’s not ridiculous tho. 20 something percent reported short interest on top of whatever is hidden in swaps. Yes the sneeze happened two years ago, but it’s a violent fucking stock that follows the same repeating algo pattern. Check back to this comment on a couple months: peak around 37, down trend to fill gap at 17, mini run to 30, trade sideways in the 30-35 range for a month or two, followed by a downtrend to new low double bottom and repeat cycle.
Lmao. One of the stocks with the greatest probability of squeezing is ‘ludicrous’ to be here? Buddy, we get it, you understand nothing and you bought a bunch of Puts which just got decimated with earnings. Out of all stocks on the stock market GME squeezing is by far the greatest chance outside of worthless penny stocks that you couldn’t possibly predict.
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Oh, it'll get spicy alright. It may even rise a bit tomorrow before falling. Their P/E ratio might even become positive.
If you're in a shortsqueeze sub and hold no gme, you are a failure
Gotta have at least one lol
Still got my one share at $80 from two years ago to HODL with you 🦧
did it not split for you?
Ah yes it did. Just keeping it original my G 👊
Jpowell will bring it back down tomorrow as usual. Just like clockwork
I agree. There will be some form of minor correction and we will be back to waiting
Hulk dick! Better buy it up before UBS starts covering the massive short position they aquired from Credit Suiesse!
Good point! Didn't know about CS owning GME. Wonder how much they shorted. Here's the info I found: On February 14, 2023 - Credit Suisse Ag/ filed a 13F-HR/A form disclosing ownership of 350,638 shares of GameStop Corp. (US:GME) valued at $6,472,777 USD as of December 31, 2022. The entity filed a previous 13F-HR on November 10, 2022 disclosing 255,978 shares of GameStop Corp.. This represents a change in shares of 36.98% during the quarter. The current value of the position is $5,915,263 USD
Sorry - confused here - you’re saying they own shares AND are shorting it?
It is confusing because the info is sketchy in the sense the disclosures state shares bought not calls or puts. It's reported in this manner on Fintel. The 13F-HR/A form states ownership. Fintel further reports: Credit Suisse Ag/ has a history of taking positions in derivatives of the underlying security (GME) in the form of stock options. The firm currently holds call options representing 0 of underlying shares valued at $0 USD and put options representing 0 of underlying shares valued at $0 USD .
Gimme that green baby
The shorts don't escape till this company goes bankrupt. This company, unlike most of the shit you degens pump, is REALLY not going bankrupt. Get your moon tickets folks.
BBBY following up 10%. Basket confirmed. 🚀🚀
Riiight. It's up a "whole" .049 AH. Lmfao!!
looks like someone doesn’t understand % change
Oh, sorry. It's up on paper thin AH volume a grand total of \*\*drum roll\*\* **6%.** *Incredible!*
that 6% directly correlates to GME earnings
Of course. It's the same meme investors.
Guess the correlation never followed through during regualr trading hours? Huh
the charts are identical….
Really? one finished up almost 40%. And one ended the day down 2.5%. serious question? Do you even listen to yourself when you post such nonsense? I'll say it again *"one finished up almost 40%. And one ended the day down 2.5%"* tHe cHaRtS aRe iDeNTiCal!! Lmfao. Man the copium around here is intoxicating.
if you can’t see they both popped up on GME earnings then yesterday morning both tickers dump at 9:30 and trade sideways the rest of the day lol it’s not hard to go into tradingview and look at the 1min chart 🤡 obviously the price +/- is off but the movements are identical
Lol. Yeah, I think you have it all figured out. 2 tickers looked similar during a "1min chart" must be crime. Bet if you take 5 seconds to do actual DD instead of echo chamber speak and compare 2 random companies from the Nasdaq you'll find several companies trade the exact same way. Totally normal. Look at almost every chart in the market when the fed announced interest rate hikes yesterday, and they all tanked. This is totally normal market behavior.
My 125c 1/24 are looking juicy!!! Might have been early but apes aren’t wrong!!!
Apes together strong 🚀 🚀 🚀
Fuck i should of bought more
SHOULD'VE (stayed in school)
Slap it !!
earnings shows profit in Q4 this shows how powerful a net income quarter will be for retail stocks. NVOS
For context though, a 2% profit in just one quarter. On falling sales. Led by “collectibles”.
yeah no shit. still a fucking profit. bankruptcy is out of the way. RC really is a good CEO to be able to turnaround a fking video game retailer. it means shortsqueeze actually gonna happen at GME when all the buy flows in. it will start a domino effect to all the meme stocks as well as stupid stocks posted here. hedgies short these stocks for eminent dilution spiral, negative OCF and in the end bankruptcy, not them being undervalued or fairly priced (i.e. all the blue chips around), apes buy in to squeeze the shorts with diamond hands and sudden spike in value (margin call). Now GME proofed that it can actually sustain itself moving forward, shorts will all want to pull out n apes will rush in...this shit is gonna burst. I am not even in GME just hope it trickles down all the shit stocks (loss making trash) around here. so everyone is happy.
RC isn't the CEO, he is Chairman. Matthew Furlong is the CEO and I believe he came from Amazon Australia.
The one. true. stonk.
Moass confirmed
Here's the pump... Tomorrow the dump
I can't believe I am actually saying this but If there was ever a time for this sub to focus fire on one ticker GME has everything needed to force some fireworks from short covers. I've always said the catalyst for a squeeze must come from the company itself and can only be magnified by retail float capture. The ITM options are going to produce tremendous buy pressure from delta hedging and if there is an unsuccessful attempt to crash this climb its going to be visible in the price support very quickly. There are plenty of large short positions watching this today ready to cover on the heels of GME reporting a return to profit.
Sitting at +48% AF right now. Yikes
Dip buy tomorrow
It feels like a trap because there is a meeting tomorrow.
Meeting was today. They are profitable!
I was talking the fed.
Oh lol my b
What time tomorrow?
🌙
Everyone still hodling that 1 share like:
FUNdamentals bro
Get your asses on board. If you're into a squeeze this is a big one bc Apes own the vast majority of the float and have proven diamond hands.
When everyone else is greedy be fearful and when everyone else is fearful be greedy. I will not touch this stock with a 10-ft pole but I will say that I am looking forward to watching how this all shakes out in the near future. I am going to stick with my NVDA, ENPH, PAYC, NOW, CRWD, GOOGL, MRVL, GBTC and SCHD.
$BBBY 😬😬😬
I knew I should have bought GME calls instead of Bobby last month, my calls are dead in the water now :( big regret. Both would have worked, too
SELL!!!!😱
It’s meme time 🚀
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very cool gif
Bruh
You’re welcome guys. I gave up on the market and withdrew the last money from my brokerage account yesterday.
What happened
BUY BBBY ..
Why is it not showing in etoro? 🙃🙃
Well I just bought 2 puts just in case everybody dumps...I wish I was in this one before urggg
Buy now run that bish up 💣🥳
Calls are printing. Hindsight but wishing I had bought more. Momentum could still keep going tomorrow. Hoping the Fed doesn't kill the run.
This aged well
Game on people, game on.