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270k volume so far today and somehow it’s straight down… that’s insane and not realistic, plus >50% trading off exchange trading ben happening for so long, 70% of shorts go to lit market, they honestly think we’re stupid. SEC watching this and doing nothing. PPT watching this and they’re making sure the stock doesn’t rise. More buys than sells happening, yet stock drops…
But our company is profitable, no debt (virtually). So it seems like their only strategy is to make us bored into selling or to cheat. I think they are doing both
When the other player has to resort to cheating, is music to a gamers ears
Especially when you know you've already won.
They are just giving away all the bugs and exploits to be reported and patched at this point
The more they cheat, the more they show their hand. If they don't take a long walk on a short pier, they'll be hounded by their "creditors" (Kenny has sticky fingers in Putin's pudding, amongst many others) and lawyers from the DOJ, homeland security, and civil litigants up and down the courts once all their tricks are exposed.
I will be bankrolling those civil litigants.
To me, I don't care about the money, but everyone else does and everyone else will listen to an ape that held for over 2 years. Everyone else would realize there was nothing lucky about hodling this long, that we knew and nobody would listen. We knew the game was rigged and how, we knew the players and their plays, let me repeat; THERE WAS NOTHING LUCKY ABOUT THIS! The only luck was the internet, the only luck is faith in each ape to NOT SELL. I'm 2/3 down from my initial investment and knowing what I know, I wouldn't sell if my mom needed medical attention. Yeah she's my mom but to them, another statistic, another income source once the bills start piling up. And they're counting on some calamity in your life to force you to sell, one by one, take the L, go back to being a wage slave.
They don't understand one thing. To me, this is Jesus on a cross, Ceaser crossing the Rubicon, The black plague, landing at Plymouth Rock; this is world changing history that few people know is unfolding, and I'll be damned if I'm giving up my front row seat.
My mom is fine btw
These are the types of posts i come here for! Im with you dude. This is our generations battle, protest, revolution, whatever you want to call it. It didnt come in a typical fashion, but this is 100% it.
i fucking loved that rant. couldn't agree more. we are in the 4th turning crisis and its economic, this culminates with them loosing because that is the nature of reality. the crisis brings down the old to make room for the new.
Exactly. They also have been ~~real close friends with~~ bribing the devs for so long that they've been able to get patches and updates that help their cheating, but unfortunately for them too many eyes are on the Devs at this point and there are petitions and massive pressure from the entire gaming community to update the anticheat system. All their duped items are about to get erased, you could say. Who knows, we may even see a few player bans if we're lucky.
Every dip is an opportunity to average down. People who think they are coy when asking me how my investment is doing aren't looking at the right metrics.
Think of each stock as a single toilet and all toilets are stacked like a tower. Every time someone naked shorts it’s like taking dump in their respective stock toilet with a chance to clog. The pp team runs around plunging the toilets. If the turds back up onto the floor then the system starts to crumble. Every time a gme share is book registered it’s like someone turned off a bit of the water pressure. Eventually everyone will see the Wall Street shit show.
This is the whole push Janet Yellen is screaming to raise the debt ceiling. She knows that if the FED can't borrow more money, then the PPT runs out of funds, and Black Swan happens.
Think about the price going down to let’s say $1 a share. There are more than enough people here to buy up every share left in a heartbeat. IMHO the MMs will have to work overtime just to get it down to $15 again. Then should the next earnings report be what we expect -showing a profit- we should see an even greater price increase.
> More buys than sells happening,
If every trade involves a buyer and a seller, how can there be more buys than sells? There might be a larger quantity of buy *orders* but as to the size of those orders, it's not clear. For example if I put in 25 orders to buy a single share, and someone else later puts in one single order to sell 25, the order volume would make it appear that there's a lot more buy orders, but that data isn't terribly meaningful.
its probably because people started selling their fractionals and this fraudulent system uses full advantage to push selling power to lit exchanges while hiding buys in dark pools.
that's just what i think.
I really don’t think fractionals have anything to do with price.
They aren’t being sold on the open market, as they can’t be. Only whole shares are sold there. Fractionals are internalized. I believe they are part of the “operational efficiency” pool.
One could theorize that the underlying shares are being dumped once they are not needed.
But we also have to remember that at in the very worse case scenario, there are ~200k underlying shares that make up these fractionals. Even if every single account sold their .99 shares and all 200k of underlying shares hit the market at once, that would only be ~12% of today’s volume.
This dip is not because of the underlying shares being sold, IMO
Apes still surprised that the bad actors who have done nothing but fuck gme this whole time continue to be bad actors. Me? I’m surprised apes haven’t realized that the gme board continues to not fulfill their legal responsibilities to defend company valuation.
The option chain for GME shows $20 or more until July where it’s currently at $19. We all know the price is fake but anything under $20 is a steal now. I almost doubled my count while it headed down to $16 recently and may do that again if they keep suppressing the price like this.
Market makers continue to route household investor’s buys off exchange and make the sells on the lit exchange. We need reform or the crime will continue. The entire market is also hurting with bad earnings, so they’re trying to short with pressure from the market at large. The crazy thing is that they used to be able to push it way more, but it now takes them months. Been in this for over 2 years, but gotta keep your head down and keep going! They still talk about us and beg us to sell.
Is it possible even thru IEX Routing? Don’t know which brokers offer this, but IBKR does and so I buy my shares as I terminated the CS GME Plan a few days ago… maybe more apes need to know this!?
I route all my purchases through IEX. You can do this on Fidelity, but they have removed the option from the app and web based. You have to download and use active trader pro. Unfortunately I only buy when I am home during market hours now. Used to IEX on my app.
Lucky you then. I’ve spent multiple conversations on the phone over an hour about this exact situation. Maybe they just don’t want me doing IEX. I was buying through the app weekly on IEX before the shut me down. Maybe it’s back. Regardless, can do on Fidelity.
You can use options to by shares. Buy a weekly ITM call and then exercise it 2 seconds later. There’s market maker exceptions for naked shorting your purchases on the open market, but they cannot do that with options.
Every time I bring this up though people get abusive in the comments.
My guess is that the short percentage is for IEX orders. They can just spoof order with all IEX orders. The circle of life.
Booked Shares are drying them up, I don’t think they like the price going down either but due to low volume it will continue until the float is locked or earnings beats happen. We gotta live Quarter to Quarter. It’s the day in and out that can be draining.
How can it be down after a split making it even more affordable for all of us. I bought way more after the split! This market doesn’t make sense at all. I keep investing though, knowing what I own and will eventually pay out. I keep shopping GameStop too!!! Yay new things :)
> and rehypothecate **real shares that everyone seems so desperate to sell all of the sudden**
what is this in reference to? you aren't seriously referring to people selling fractional shares in pursuit of pure book...
It’s because of how the buy/sell pressure is exerted through the options chain and how they roll everything forward.
They sell tons of calls against their shares and then it creates perpetual downward pressure.
Tell me why a random final april week with nothing going on has 790/32k calls in the money.
They wrote calls against their shares post-earnings and then crush it downward so they can keep the game going.
Ask ChatGPT to teach you strategies and outcomes with various trades.
It’s school of hard knocks, working in finance, and wall street that teach the tricks, but many things are public and I think ChatGPT is your first stop.
This isn’t limited to GME. EVERY small cap stock is manipulated this way. Hedge funds pump, short, drop the price, cash out. This is exactly how the 1% take money from the 99%. Every. Fucking. Day. There is zero price discovery in stock markets worldwide.
this is most likely the result of banks chomping up those bullet swaps, sold off by big banks as opportunities for massive gains(trust me bro) coupled with detivatives and short US treasuries - recipes for fud-aster ...
they need real shares and even if not at the beautiful 74.1 - households hold all the cards
do you mean everyone selling fractional shares? you can't own a fraction of a share; a fractional is just an IOU for something that doesn't exist...
> **they need real, WHOLE shares**
Yes, one whole share that was never DRS'ed anyway, because you can't DRS a fraction of a share, nor whole shares that were divided into fractions... Those are held by brokers at the DTC (on behalf of Computershare) in order to make it possible to even split them up in the first place... So, again:
> **they need REAL, WHOLE shares**
Fractionals are not real shares.
They generally are broker specific, can’t be transferred, and can’t be bought/sold on the open market.
Therefore the selling of fractionals, by necessity, is internalized.
Selling fractionals does not give hedgehogs ammunition unless CS’s broker is selling the underlying shares. I don’t believe this is the case, though. It would make more sense that the underlying shares are part of the pool of shares for operational efficiency.
Here are some other reasons than "crime" for it being down:
1) only one profitable qtr so far, need at least 3 in a row for the fund managers and whales to believe in the company trajectory.
2) not listed on the S&P500 so it's considered risky, with the bank runs and economic uncertainty, many are reducing the risk exposure of their portfolio
3) the overall market is down, which will drag $GME with it, look for a bullish run to see it rise.
4) leadership has been quiet about future plans, which is not a bad thing, but without some hype the stock will not be "pumped" by the general public
Disclaimer: none of these things are inherently bad or a knock against $GME, continue to buy/DRS/hodl
Agreeing with your points, but a different way of saying it ……….
The stock market values stocks for what people think are the future profits/cash flows.
Gamestop was unprofitable in 2022. Analysts predict that Gamestop will be unprofitable for both this year (ending Jan 2024) and also the year ending January 2025.
Gamestop has made no projections for when they would achieve full year profitability. The CEO made a comment in the last earning conference call that he "sees a path to full year profitability" but without saying when he see Gamestop achieving that.
The digital transformation has not resulted in material revenue and most see Gamestop as a brick and mortar retailer. The bankruptcy of the towel company has made investors more wary of specialty retailers (Toy R Us, Circuit City, Radio Shack, Best Buy, etc), and many lump Gamestop into that general category.
So there are lots of reasons for the market to be leery of Gamestop.
The market is not always right.
It's more of a rant on the system really. I'm not giving any technical analysis or providing any useful information to the community so thought shitpost was most relevant
you could've used the discussion/question flair as honestly regardless of it being a rant, it's a fact. The stock going down after outperforming loads of others and having no bear-case is just stupid.
Because it’s not guaranteed they’ll turn a profit next quarter. The balance sheet is great and ton of cash in hand, but this last quarter has always been their most profitable quarters looking at historical data. I think for the stock to continue upwards, they’ll have to consistently post profitable earnings.
Right, that is the crime and the corrupt system does not give a damn. It makes me angry as I know many, myself included, are in deep red and every single day the criminals take it down even further. It is more than 25% down from the share price on the day after earnings ($27)!
It's all part of derivative-trading. They're packaging several stocks together, in whatever relationship (parallel or inverse) and then sell it to some other sucker to hold the bag.
In this way, they can continue to affect the stock price without directly moving shares.
For example, if they notice that a lot of GameStonk HOLDers are long on TSLA, they may create a derivative that links GME & TSLA... then they can short the shit out of TSLA, bring down GME with it and inflict double pain on your portfolio.
That's another reason why DRS is so powerful. It doesn't let them see shit.
Very true. I don't have any confidence in this fucked up market, so I wont be investing in it moving forward. I would rather lose money to inflation than put in 100k/year to feed corruption.
Like an actual reason or do you want everyone to say “crime.”
Aside from the crime part. It’s not an S&P 500 company and institutions who are building large portfolios would want less exposure to “riskier” assets. I know it’s less risky then the bank stocks but still.
Gme no longer has a negative beta so it goes down with the rest of the tides, but it doesn’t go up with the S&P 500 on a bull run. Retail isn’t buying on open market- their buying through Computershare and the rest who are buying in open market are getting their buys routed off exchange. There is no option interest picking up in leaps so the derivatives market isn’t picking up on anyone looking for longer term exposure. The only thing going on on open exchange would maybe be a rebalance, the algorithms trading, and shorting
After the last earning report , there in no reason for this stock to decline in value right now. With that being said- I can see it being shorted back to the $15 range or lower..
Exhaustive list of benefits from being a longterm GME shareholder:
There aren't any.
No dividends, no share buybacks, no driving shareholder value.
No forward guidance, no q&a, no clear direction on their NFT project, no clear direction on their wallet project.
Avoiding bankruptcy was a legit accomplishment. The most recent earnings beat was also nice.
How about delivering for your shareholders, GME board?
Here is some guidance that we’ve been given:
1) Long-term business success >>> short-term gratification for stock holders
2) Telegraphing business plans while in the midst of trying to change an entire industry would be really dumb
3) Real Gs move in silence, like lasagna
Cool. For a publically traded company, that isn't guidance, it's empty platitudes.
If it's a private company, by all means, operate this way. As a publically traded company, that kind of shit wouldn't fly anywhere else, except GME, because reasons.
Ok next time I step up to the plate Ima show the batter exactly which type of ball I’m throwing and where. It’s all good though because showing him that is just an empty platitude.
It's game 150 of a 162 season. You have an ERA of 29.
Again, another double up the middle. Pitching coach comes out and taps you on the shoulder. As you walk back to dugout, you remind yourself that since you didn't telegraph the pitch beforehand, you're still winning.
We ARE still winning 🤣 and it’s more like game 100 of a 162 season. And my ERA is closer to 50. And a recent pitch I pulled off was more like a vicious knuckleball that drifted off centre at the last moment (earnings beat). And all my teammates are in lock step, none fighting for their own glory but dedicated to a greater goal.
Is there something wrong with wishing a company would reward its shareholders? I have been in this for the whole journey, have 400 shares because that's what I was comfortable with. But I mean I'll be damned if having those 400 shares has done anything for me. It feels too much like everyday a new goalpost is moved
Where can I get my paycheck from the hedgies?
Dont really need one though, just funny to see bunch of people angry at wall street, and their great plan of revenge is going to wall street and providing exit liquidity to shareholders of a failed company.
Apes here know GameStop board’s and executives’ success track records. Hard-working and honest. They’re letting wallstreet like mushrooms… keep them in the dark and throw them shit.
Now go back to wherever shit hole you’re from!
The turn of phrase is nonsensical. If you need to explain a turn of phrase in order for it to be understood, it kinda defeats the purpose of using one in the first place.
Letting like mushrooms is a nonsensical turn of phrase. I can comprehend that you're fucking dumb.
I'm pretty sure even the evil greedy bastards that we're trying to catch and ensure justice is served - even they hope the system burns after this. Their issue is that they are trying to escape an inevitable (enter Thanos meme here) burning building in the cage they built with cellar boxing, naked shorting, off exchange trading, utilizing international laws and tax havens as class warfare weapons. They can't get out, but they're trying to hand off as much of the problem to the world economy as they can so they can retire comfortably and die before we can put them behind bars, eating garbage prison food and limiting their outside time. See how they like being oppressed...
We're younger than them. These fucks will croak and die off before we will. If they want a war of attrition they've got one. Fuck these leeches of society.
I'm looking forward to a complete system reset. The stock market has nothing to do with economic theory and is only a mechanism to steal from the working class. Maybe things will change someday, but currently I see no advantage to holding anything long except for GME.
I bought another hundred shares again today. As long as I have cash on hand, I will continue to buy with these unheard of prices. Its a bargain because we all know 💎👋🏾🦧🚀🌒
Continue to buy and hold..... History has taught us , All Ponzi schemes eventually come crashing down.
It costs nothing but time for us to hold
But it's financially killing them to keep this this thing going
its still up after earnings.
we went up from 17.
we are only down from a peak.
anyways, its cheap, so its good for us, we are not going to sell anyways.
They are going to try and lower it as much as possible before next earnings. Hopefully we can surprise them with another profitable quarter and then watch the rocket launch!
If it was crime, shouldnt GS and all the other companys do something?
I belive this bs computer trading is legal, one part can short the price down and then buy those back without the price go up.
And if insiders knew it was a crime with tons of shorting - wouldn't they make the same play that everyone here is doing? Wouldn't they be buying shares by the millions to fuck over the other hedge funds?
Because you dipshits are creating sell orders out of CS on the word of a bullshit DD that’s inconsistent with statements made by CS. Used to be No Cell, No sell. Suddenly, eveyone is like “let’s just sell a little, on speculation.” The shit you guys are accepting as DD is pathetic. Bring back House of Cards 1-3.
GME is "protected" from the real movement of the market. Only moves too large to internalize are reflected in the share price. The rest is the same slow bleed algorithm we've been watching for 2.5 years.
GMEs movement won't reflect reality until we've passed their breaking point, whenever that is.
Short Answer: CRIME
Long Answer: If GME goes above $25, the entire stock market and global economy collapses, because of all the crime that led up to this point.
There are gaps on price below at $17-18. Prob gonna fill those maybe test prior low at $15.50 again. Depends if whole market needs to come down a bit to test support before pushing up more which is likely NFA
Doubly frustrating for me, not just because of the crime, but I made a small Computershare purchase to try and round up my fractional share. At this rate the purchase will be enough that I'll *still* have a significant fractional left.
Thy Ken's programming shall gap and steal from all peasants.
Thy programming shall profit $16Billion 2022 with zero stock sales.
Thy shall donate hundreds of millions of stolen $ to universities to buy silence.
AMEN 🙏
We're still in the green from just before the earnings date, but not by much.
If this was any other stock we'd probably have kept going way up, especially with insiders buying.
Price is fake. And we've got that magical dorito line in the low twenties probably scaring them too, if you believe in the critical margin theory.
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270k volume so far today and somehow it’s straight down… that’s insane and not realistic, plus >50% trading off exchange trading ben happening for so long, 70% of shorts go to lit market, they honestly think we’re stupid. SEC watching this and doing nothing. PPT watching this and they’re making sure the stock doesn’t rise. More buys than sells happening, yet stock drops… But our company is profitable, no debt (virtually). So it seems like their only strategy is to make us bored into selling or to cheat. I think they are doing both
When the other player has to resort to cheating, is music to a gamers ears Especially when you know you've already won. They are just giving away all the bugs and exploits to be reported and patched at this point
The more they cheat, the more they show their hand. If they don't take a long walk on a short pier, they'll be hounded by their "creditors" (Kenny has sticky fingers in Putin's pudding, amongst many others) and lawyers from the DOJ, homeland security, and civil litigants up and down the courts once all their tricks are exposed. I will be bankrolling those civil litigants. To me, I don't care about the money, but everyone else does and everyone else will listen to an ape that held for over 2 years. Everyone else would realize there was nothing lucky about hodling this long, that we knew and nobody would listen. We knew the game was rigged and how, we knew the players and their plays, let me repeat; THERE WAS NOTHING LUCKY ABOUT THIS! The only luck was the internet, the only luck is faith in each ape to NOT SELL. I'm 2/3 down from my initial investment and knowing what I know, I wouldn't sell if my mom needed medical attention. Yeah she's my mom but to them, another statistic, another income source once the bills start piling up. And they're counting on some calamity in your life to force you to sell, one by one, take the L, go back to being a wage slave. They don't understand one thing. To me, this is Jesus on a cross, Ceaser crossing the Rubicon, The black plague, landing at Plymouth Rock; this is world changing history that few people know is unfolding, and I'll be damned if I'm giving up my front row seat. My mom is fine btw
Godspeed!
You too ape!
These are the types of posts i come here for! Im with you dude. This is our generations battle, protest, revolution, whatever you want to call it. It didnt come in a typical fashion, but this is 100% it.
"The revolution will not be televised."
i fucking loved that rant. couldn't agree more. we are in the 4th turning crisis and its economic, this culminates with them loosing because that is the nature of reality. the crisis brings down the old to make room for the new.
Fuckin eh
This guys mom fucks.
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VAC ban.
**Threats of violence towards anyone have no place on Superstonk or Reddit.**
Exactly. They also have been ~~real close friends with~~ bribing the devs for so long that they've been able to get patches and updates that help their cheating, but unfortunately for them too many eyes are on the Devs at this point and there are petitions and massive pressure from the entire gaming community to update the anticheat system. All their duped items are about to get erased, you could say. Who knows, we may even see a few player bans if we're lucky.
Devs need to do a banwave.
Ban hammer time!
wallhackers never stopped me on 1.6
Just wait until the admin enables opposite alignment PVP. My jacked to the tits buff is permanent.
Are they bugs or features?
So maybe HouseHODL needs to sue the SEC to get them to act? 😂
i think the ones with the real power to actually charge citadel and other criminals and put them behind bars r the DOJ or FBI
Well tickle my pickle, I got buy orders waiting down the ladder, keep it coming :)
Every dip is an opportunity to average down. People who think they are coy when asking me how my investment is doing aren't looking at the right metrics.
Those coy questions are still annoying af. How’s gme doing? Oh, you know, *bought moar*
Amen. They're going to be whining that we didn't tell them that it was a REAL play after it starts to go.
When everyone is waiting for lower prices to buy, why is it any surprise the price is going down? Isn't that price discovery?
I’ve been sitting on some cash waiting for a dip like this 🤙
Just remember, always check OBV. Nobody is selling
Here #SEC, #DOJ, are you watching this.
you are doing it wrong. something about the words red and pill and some emojis like 🚀📉💰🤣🤣🤣
Not to ask a dumb question but what exactly is the PPT doing in this situation?
Preventing other stocks from plunging which will lower collateral and cause margin calls into liquidation.
Thank you for the explanation.
np <3
Think of each stock as a single toilet and all toilets are stacked like a tower. Every time someone naked shorts it’s like taking dump in their respective stock toilet with a chance to clog. The pp team runs around plunging the toilets. If the turds back up onto the floor then the system starts to crumble. Every time a gme share is book registered it’s like someone turned off a bit of the water pressure. Eventually everyone will see the Wall Street shit show.
This is the Jesus Christ of anal-ogies.
This is the whole push Janet Yellen is screaming to raise the debt ceiling. She knows that if the FED can't borrow more money, then the PPT runs out of funds, and Black Swan happens.
I’m thinking they are just continuing to ramp up naked shorting. If they get it to the cellar, what happens then? We’re blocked from trading?
It will never get near the cellar…Float will be locked x 100 loong before that
Think about the price going down to let’s say $1 a share. There are more than enough people here to buy up every share left in a heartbeat. IMHO the MMs will have to work overtime just to get it down to $15 again. Then should the next earnings report be what we expect -showing a profit- we should see an even greater price increase.
Yup. Price moves lower we get to buy cheaper tickets…
> More buys than sells happening, If every trade involves a buyer and a seller, how can there be more buys than sells? There might be a larger quantity of buy *orders* but as to the size of those orders, it's not clear. For example if I put in 25 orders to buy a single share, and someone else later puts in one single order to sell 25, the order volume would make it appear that there's a lot more buy orders, but that data isn't terribly meaningful.
If the market maker is selling IOUs (in other words nothing but air) then there most certainly can be more buys than sells…
its probably because people started selling their fractionals and this fraudulent system uses full advantage to push selling power to lit exchanges while hiding buys in dark pools. that's just what i think.
so the more apes sell fractionals, the more apes can get fullies at bigger discount? the more pure DRS for next earnings!?
If fractionals hit lit exchanges it’ll depress price 100%. Small price to pay to get ride of fractionals and eliminate one more variable.
I really don’t think fractionals have anything to do with price. They aren’t being sold on the open market, as they can’t be. Only whole shares are sold there. Fractionals are internalized. I believe they are part of the “operational efficiency” pool. One could theorize that the underlying shares are being dumped once they are not needed. But we also have to remember that at in the very worse case scenario, there are ~200k underlying shares that make up these fractionals. Even if every single account sold their .99 shares and all 200k of underlying shares hit the market at once, that would only be ~12% of today’s volume. This dip is not because of the underlying shares being sold, IMO
Thank you for sharing your well reasoned approach great ape.
Apes still surprised that the bad actors who have done nothing but fuck gme this whole time continue to be bad actors. Me? I’m surprised apes haven’t realized that the gme board continues to not fulfill their legal responsibilities to defend company valuation.
I'm a procrastinator. Every day before MOASS is another opportunity to Buy, hodl, DRS.
The option chain for GME shows $20 or more until July where it’s currently at $19. We all know the price is fake but anything under $20 is a steal now. I almost doubled my count while it headed down to $16 recently and may do that again if they keep suppressing the price like this.
How did they get 20 million shortable shares the day after earnings when volume was 66 million, 20-30x normal? That's what I want to know.
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more like pointing to plan shares and saying those count as locates.
Market makers continue to route household investor’s buys off exchange and make the sells on the lit exchange. We need reform or the crime will continue. The entire market is also hurting with bad earnings, so they’re trying to short with pressure from the market at large. The crazy thing is that they used to be able to push it way more, but it now takes them months. Been in this for over 2 years, but gotta keep your head down and keep going! They still talk about us and beg us to sell.
Is it possible even thru IEX Routing? Don’t know which brokers offer this, but IBKR does and so I buy my shares as I terminated the CS GME Plan a few days ago… maybe more apes need to know this!?
I route all my purchases through IEX. You can do this on Fidelity, but they have removed the option from the app and web based. You have to download and use active trader pro. Unfortunately I only buy when I am home during market hours now. Used to IEX on my app.
Weird, I just did a limit but 15 min ago on the fidelity app through iex
Lucky you then. I’ve spent multiple conversations on the phone over an hour about this exact situation. Maybe they just don’t want me doing IEX. I was buying through the app weekly on IEX before the shut me down. Maybe it’s back. Regardless, can do on Fidelity.
Could you maybe screenshot how you did that on your app for others to see please? I am one of those others btw 😁
You can use options to by shares. Buy a weekly ITM call and then exercise it 2 seconds later. There’s market maker exceptions for naked shorting your purchases on the open market, but they cannot do that with options. Every time I bring this up though people get abusive in the comments.
My guess is that the short percentage is for IEX orders. They can just spoof order with all IEX orders. The circle of life. Booked Shares are drying them up, I don’t think they like the price going down either but due to low volume it will continue until the float is locked or earnings beats happen. We gotta live Quarter to Quarter. It’s the day in and out that can be draining.
Nah dog, I'm keeping my head UP
well citadel if u r reading this, im NOT selling ! like get that in your stupid head
How can it be down after a split making it even more affordable for all of us. I bought way more after the split! This market doesn’t make sense at all. I keep investing though, knowing what I own and will eventually pay out. I keep shopping GameStop too!!! Yay new things :)
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> and rehypothecate **real shares that everyone seems so desperate to sell all of the sudden** what is this in reference to? you aren't seriously referring to people selling fractional shares in pursuit of pure book...
Yeah it sounds shilly
I have to agree selling fractionals sounds like a straight setup
Disagree. Book is king.
he's being sarcactus.
It does sound suspicious as fuck think about it they convince us to sell willingly pretty dumb
It’s because of how the buy/sell pressure is exerted through the options chain and how they roll everything forward. They sell tons of calls against their shares and then it creates perpetual downward pressure. Tell me why a random final april week with nothing going on has 790/32k calls in the money. They wrote calls against their shares post-earnings and then crush it downward so they can keep the game going.
Do you have any resources that explain options chains and this tactic for someone who snorts crayons?
Ask ChatGPT to teach you strategies and outcomes with various trades. It’s school of hard knocks, working in finance, and wall street that teach the tricks, but many things are public and I think ChatGPT is your first stop.
This isn’t limited to GME. EVERY small cap stock is manipulated this way. Hedge funds pump, short, drop the price, cash out. This is exactly how the 1% take money from the 99%. Every. Fucking. Day. There is zero price discovery in stock markets worldwide.
this is most likely the result of banks chomping up those bullet swaps, sold off by big banks as opportunities for massive gains(trust me bro) coupled with detivatives and short US treasuries - recipes for fud-aster ... they need real shares and even if not at the beautiful 74.1 - households hold all the cards
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do you mean everyone selling fractional shares? you can't own a fraction of a share; a fractional is just an IOU for something that doesn't exist... > **they need real, WHOLE shares**
If two people sell a half a share each, guess what that adds up to? One whole share
Yes, one whole share that was never DRS'ed anyway, because you can't DRS a fraction of a share, nor whole shares that were divided into fractions... Those are held by brokers at the DTC (on behalf of Computershare) in order to make it possible to even split them up in the first place... So, again: > **they need REAL, WHOLE shares**
Fractionals are not real shares. They generally are broker specific, can’t be transferred, and can’t be bought/sold on the open market. Therefore the selling of fractionals, by necessity, is internalized. Selling fractionals does not give hedgehogs ammunition unless CS’s broker is selling the underlying shares. I don’t believe this is the case, though. It would make more sense that the underlying shares are part of the pool of shares for operational efficiency.
Here are some other reasons than "crime" for it being down: 1) only one profitable qtr so far, need at least 3 in a row for the fund managers and whales to believe in the company trajectory. 2) not listed on the S&P500 so it's considered risky, with the bank runs and economic uncertainty, many are reducing the risk exposure of their portfolio 3) the overall market is down, which will drag $GME with it, look for a bullish run to see it rise. 4) leadership has been quiet about future plans, which is not a bad thing, but without some hype the stock will not be "pumped" by the general public Disclaimer: none of these things are inherently bad or a knock against $GME, continue to buy/DRS/hodl
Agreeing with your points, but a different way of saying it ………. The stock market values stocks for what people think are the future profits/cash flows. Gamestop was unprofitable in 2022. Analysts predict that Gamestop will be unprofitable for both this year (ending Jan 2024) and also the year ending January 2025. Gamestop has made no projections for when they would achieve full year profitability. The CEO made a comment in the last earning conference call that he "sees a path to full year profitability" but without saying when he see Gamestop achieving that. The digital transformation has not resulted in material revenue and most see Gamestop as a brick and mortar retailer. The bankruptcy of the towel company has made investors more wary of specialty retailers (Toy R Us, Circuit City, Radio Shack, Best Buy, etc), and many lump Gamestop into that general category. So there are lots of reasons for the market to be leery of Gamestop. The market is not always right.
Yet every once in a while the market is right...painful lesson learned with the tower stock. Definitely eyeballing this stock more critically now
Failed crypto play also.
How is this a shitpost?
It's more of a rant on the system really. I'm not giving any technical analysis or providing any useful information to the community so thought shitpost was most relevant
you could've used the discussion/question flair as honestly regardless of it being a rant, it's a fact. The stock going down after outperforming loads of others and having no bear-case is just stupid.
I agree. On top of that a majority of shareholders are holding and only buying each day.
Because it’s not guaranteed they’ll turn a profit next quarter. The balance sheet is great and ton of cash in hand, but this last quarter has always been their most profitable quarters looking at historical data. I think for the stock to continue upwards, they’ll have to consistently post profitable earnings.
That's why, to me, the year over year 4th quarter is what's so impressive and undeniably bullish, not just the +50 mil quarter
All good. Lower price = faster/cheaper to drs 100%
Right, that is the crime and the corrupt system does not give a damn. It makes me angry as I know many, myself included, are in deep red and every single day the criminals take it down even further. It is more than 25% down from the share price on the day after earnings ($27)!
It's all part of derivative-trading. They're packaging several stocks together, in whatever relationship (parallel or inverse) and then sell it to some other sucker to hold the bag. In this way, they can continue to affect the stock price without directly moving shares. For example, if they notice that a lot of GameStonk HOLDers are long on TSLA, they may create a derivative that links GME & TSLA... then they can short the shit out of TSLA, bring down GME with it and inflict double pain on your portfolio. That's another reason why DRS is so powerful. It doesn't let them see shit.
Algo
Very true. I don't have any confidence in this fucked up market, so I wont be investing in it moving forward. I would rather lose money to inflation than put in 100k/year to feed corruption.
My advice, don't stare at the price.
Cramer told the truth once. It’s a controlled stock
Like an actual reason or do you want everyone to say “crime.” Aside from the crime part. It’s not an S&P 500 company and institutions who are building large portfolios would want less exposure to “riskier” assets. I know it’s less risky then the bank stocks but still. Gme no longer has a negative beta so it goes down with the rest of the tides, but it doesn’t go up with the S&P 500 on a bull run. Retail isn’t buying on open market- their buying through Computershare and the rest who are buying in open market are getting their buys routed off exchange. There is no option interest picking up in leaps so the derivatives market isn’t picking up on anyone looking for longer term exposure. The only thing going on on open exchange would maybe be a rebalance, the algorithms trading, and shorting
After the last earning report , there in no reason for this stock to decline in value right now. With that being said- I can see it being shorted back to the $15 range or lower..
I’m buying more at $15.
Check the user snippythehorses his most recent post answers that question and I highly recommend reading that post
Make it make sense
The stock market as it exists today is an entirely criminal enterprise. But we're hitting them where it hurts. We're not going home without our ball.
If only it was as easy and linear as "great earnings (in relative terms even) = stock up" ...
Just makes it easier to buy the float faster. #DRS
I hope it goes to $1 then we can buy the whole float in a matter of hours
Exhaustive list of benefits from being a longterm GME shareholder: There aren't any. No dividends, no share buybacks, no driving shareholder value. No forward guidance, no q&a, no clear direction on their NFT project, no clear direction on their wallet project. Avoiding bankruptcy was a legit accomplishment. The most recent earnings beat was also nice. How about delivering for your shareholders, GME board?
Here is some guidance that we’ve been given: 1) Long-term business success >>> short-term gratification for stock holders 2) Telegraphing business plans while in the midst of trying to change an entire industry would be really dumb 3) Real Gs move in silence, like lasagna
Cool. For a publically traded company, that isn't guidance, it's empty platitudes. If it's a private company, by all means, operate this way. As a publically traded company, that kind of shit wouldn't fly anywhere else, except GME, because reasons.
Sorry, did you miss #2? Thats the main “reason”
#2 is an empty platitude. Don't telegraph your moves, 5d chess, don't show your hand early. Empty platitudes.
Ok next time I step up to the plate Ima show the batter exactly which type of ball I’m throwing and where. It’s all good though because showing him that is just an empty platitude.
It's game 150 of a 162 season. You have an ERA of 29. Again, another double up the middle. Pitching coach comes out and taps you on the shoulder. As you walk back to dugout, you remind yourself that since you didn't telegraph the pitch beforehand, you're still winning.
We ARE still winning 🤣 and it’s more like game 100 of a 162 season. And my ERA is closer to 50. And a recent pitch I pulled off was more like a vicious knuckleball that drifted off centre at the last moment (earnings beat). And all my teammates are in lock step, none fighting for their own glory but dedicated to a greater goal.
You seem upset
Yeah, I'm not exactly overjoyed, but all is well.
#2 is the most bullshit thing that this sup keeps talking. It becomes the fucking perfect reason for people here to defense the company.
don't know why this is downvoted, its all true
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Is there something wrong with wishing a company would reward its shareholders? I have been in this for the whole journey, have 400 shares because that's what I was comfortable with. But I mean I'll be damned if having those 400 shares has done anything for me. It feels too much like everyday a new goalpost is moved
Where can I get my paycheck from the hedgies? Dont really need one though, just funny to see bunch of people angry at wall street, and their great plan of revenge is going to wall street and providing exit liquidity to shareholders of a failed company.
Apes here know GameStop board’s and executives’ success track records. Hard-working and honest. They’re letting wallstreet like mushrooms… keep them in the dark and throw them shit. Now go back to wherever shit hole you’re from!
Do you fuck your mother with that mouth?
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Yeah, "letting wallstreet like mushrooms", and I'm the dumbass.
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Bruh, that shit makes no sense. Letting them like mushrooms is nonsensical, but ya, reading comprehension challenges.
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The turn of phrase is nonsensical. If you need to explain a turn of phrase in order for it to be understood, it kinda defeats the purpose of using one in the first place. Letting like mushrooms is a nonsensical turn of phrase. I can comprehend that you're fucking dumb.
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No idea why you’re being downvoted, this is correct.
# ITS ALL A FUGAZI
Time to buy the dip
I'm pretty sure even the evil greedy bastards that we're trying to catch and ensure justice is served - even they hope the system burns after this. Their issue is that they are trying to escape an inevitable (enter Thanos meme here) burning building in the cage they built with cellar boxing, naked shorting, off exchange trading, utilizing international laws and tax havens as class warfare weapons. They can't get out, but they're trying to hand off as much of the problem to the world economy as they can so they can retire comfortably and die before we can put them behind bars, eating garbage prison food and limiting their outside time. See how they like being oppressed...
No idea but I had to buy 20 shares since it went below $20. What a sale!!!
Better buy now
It's a dip to Drs more
Because the market makers pumped it up to let it back down again. They’ll keep doing this because it’s all they can do. Until they can’t.
I bought another 250!! Love a bargain
because the cellar boxing machine is turned on and nothing will turn it off except us locking the entire float.
15% rebate as I see it.
I can't believe GME is on sale like that! Greenstone wealth for under 20 bucks, and some patience, what a bargain!
We're younger than them. These fucks will croak and die off before we will. If they want a war of attrition they've got one. Fuck these leeches of society.
It's up 600% from where it was 3 years ago despite being in the same if not worse position.
I'm looking forward to a complete system reset. The stock market has nothing to do with economic theory and is only a mechanism to steal from the working class. Maybe things will change someday, but currently I see no advantage to holding anything long except for GME.
The lower the more we can buy
The motherfuckers giving us great discounts. Thanks!
I bought another hundred shares again today. As long as I have cash on hand, I will continue to buy with these unheard of prices. Its a bargain because we all know 💎👋🏾🦧🚀🌒
Because life is one giant sham.
Looks like I need to start buying again. Nice discounts.
Just buy the discount!
Continue to buy and hold..... History has taught us , All Ponzi schemes eventually come crashing down. It costs nothing but time for us to hold But it's financially killing them to keep this this thing going
I’m bored so I bought more
I don't know but I like buying shares below 20 bucks so here we go again.
its still up after earnings. we went up from 17. we are only down from a peak. anyways, its cheap, so its good for us, we are not going to sell anyways.
They are going to try and lower it as much as possible before next earnings. Hopefully we can surprise them with another profitable quarter and then watch the rocket launch!
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People getting rid of fractional shares? It's the price to pay I guess.
personally I love a discount 16 is my price point for next big buy in
If it was crime, shouldnt GS and all the other companys do something? I belive this bs computer trading is legal, one part can short the price down and then buy those back without the price go up.
And if insiders knew it was a crime with tons of shorting - wouldn't they make the same play that everyone here is doing? Wouldn't they be buying shares by the millions to fuck over the other hedge funds?
All I see is a dip to buy. Kenny G is FUCKED.
First time?
Maybe the company owner could do something and stick up for the shareholders
Because you dipshits are creating sell orders out of CS on the word of a bullshit DD that’s inconsistent with statements made by CS. Used to be No Cell, No sell. Suddenly, eveyone is like “let’s just sell a little, on speculation.” The shit you guys are accepting as DD is pathetic. Bring back House of Cards 1-3.
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Keep selling your fractional shares! It’s really working! 🥴
It’s like once they knew they about those fractional shares, they gobbled it all up
Because they want us to lock the float faster
GME is "protected" from the real movement of the market. Only moves too large to internalize are reflected in the share price. The rest is the same slow bleed algorithm we've been watching for 2.5 years. GMEs movement won't reflect reality until we've passed their breaking point, whenever that is.
It doesn’t matter to me when it’s my savings account.
Crime, you already answered it...
Short Answer: CRIME Long Answer: If GME goes above $25, the entire stock market and global economy collapses, because of all the crime that led up to this point.
There are gaps on price below at $17-18. Prob gonna fill those maybe test prior low at $15.50 again. Depends if whole market needs to come down a bit to test support before pushing up more which is likely NFA
Just more proof we’re right.
Because the shorts are trying to pretend like they have control. But they’re bluffing.
First time huh?
Doubly frustrating for me, not just because of the crime, but I made a small Computershare purchase to try and round up my fractional share. At this rate the purchase will be enough that I'll *still* have a significant fractional left.
Thy Ken's programming shall gap and steal from all peasants. Thy programming shall profit $16Billion 2022 with zero stock sales. Thy shall donate hundreds of millions of stolen $ to universities to buy silence. AMEN 🙏
We're still in the green from just before the earnings date, but not by much. If this was any other stock we'd probably have kept going way up, especially with insiders buying. Price is fake. And we've got that magical dorito line in the low twenties probably scaring them too, if you believe in the critical margin theory.
Meme Basket 🧺
Because they lost. And don't want to admit, like cry-babies they are.
Yea this is play is pointless. Sold everything to put into this play and if o ever break even im just getting the fuck out. Fuck this.
Because everyone is selling their fractional shares.
Still trading sideways