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My Not So Short Story on GME


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Lots to be determined for sure...who knows how long until everything is digital. Depends on if the masses go along with it or not. As for the Amazon bit ; Why is there ups and fedex, xbox and playstation....options are good and needed

Also just off of memory I believe there was some reddit math that if gme was valued like a start up it's price based on cap/sales and whatnot would be around 100$ per share....the price being driven down below the fundamentals is what started all this

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Back on the move up....I ain't going to lie, I'm hoping this thing gets over with soon...this rise and then get manipulated down then rise again is getting old....I just want my $$$ so I can reinvest and not check portfolio everyday

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40 minutes ago, Bone3421 said:

Back on the move up....I ain't going to lie, I'm hoping this thing gets over with soon...this rise and then get manipulated down then rise again is getting old....I just want my $$$ so I can reinvest and not check portfolio everyday

It’s hard to not pull the trigger today.  Our money manager threatened me within inch of my life if I did.

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  •  
Stephen Totilo
Wed, March 24, 2021, 2:44 PM·1 min read
  •  

Eight members of GameStop's board of directors will leave the company after the gaming retailer's annual meeting in June, according to a new filing.

Why it matters: The "significant changes" will ensure a near-total transformation of board leadership for a company riding a stock market rollercoaster. It also affirms that new board members, led by Chewy co-founder Ryan Cohen, will chart the company's future.

 

The planned exits, first reported by the Wall Street Journal, include Reggie Fils-Aimé, who was appointed to the board last March and who had previously become a gaming industry celebrity as the long-time president of Nintendo's American division.

  • Also leaving is Kathy Vrabeck, a former executive at Activision. Her plan to exit was announced in January.

  • That will leave the board with far less games industry expertise.

Between the lines: Cohen has been calling for a company shake-up since late last year, pushing for a shift to digital sales.

  • In early March, GameStop announced that Cohen would chair a "strategic planning and capital allocation committee" to figure out the company's future. None of the eight departing board members were on it.

https://news.yahoo.com/most-gamestops-board-step-down-194419019.html?guccounter=1

The ship is starting to turn. Just hope it isn't in the Suez Canal.

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Yeah saw that the other day.....hedgies need to let this pop so it can crash back down and they can recoup loses on the way back up and when it pops if they bought some calls and whatnot

Finished after-hours at 291$....57%increase on the day

I don't think gamestop is going to help them out by issuing shares after they shorted them down to like 4$ a share

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Gme announces it filed for right to sell 3.5 million shares "at market" from time to time....

Stock crashed 28$ on this news but....

It's only 3.5 million shares, that's peanuts
There is no time or price set just the right to sell shares.

This is gme corp trying to make some cash when this thing pops imo(others also)...


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  • 2 weeks later...

Is shit going to get real....in europe ceo of danske bank resigns over money laundering scandal

Abn amro fined 480m€ for money laundering... dominoes coming???

Wrong thread....oh well

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https://finance.yahoo.com/news/roaring-kitty-acquires-more-shares-235716087.html

Quote

The man known as "Roaring Kitty" on social media, whose online posts helped spark January's trading frenzy in GameStop Corp, exercised call options on the stock to acquire 50,000 more shares at a strike price of $12, Bloomberg reported.

Bloomberg cited a screenshot of Keith Gill's portfolio showing that he exercised 500 GameStop call options expiring Friday, when the stock closed at $154.69.

The screenshots were posted on Reddit by Gill, and his mother confirmed the posts to Bloomberg. Reuters could not immediately reach the Gills for comment on Saturday.

His total investment in GameStop is now worth more than $30 million, giving him a profit of nearly $20 million, Bloomberg said. Gill has 200,000 shares in the company, the report said.

 

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https://finance.yahoo.com/news/roaring-kitty-acquires-more-shares-235716087.html
The man known as "Roaring Kitty" on social media, whose online posts helped spark January's trading frenzy in GameStop Corp, exercised call options on the stock to acquire 50,000 more shares at a strike price of $12, Bloomberg reported.
Bloomberg cited a screenshot of Keith Gill's portfolio showing that he exercised 500 GameStop call options expiring Friday, when the stock closed at $154.69.
The screenshots were posted on Reddit by Gill, and his mother confirmed the posts to Bloomberg. Reuters could not immediately reach the Gills for comment on Saturday.
His total investment in GameStop is now worth more than $30 million, giving him a profit of nearly $20 million, Bloomberg said. Gill has 200,000 shares in the company, the report said.
 
Not only did he exercise options he bought 50k more shares to get to 200k shares....
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So domo capital tweeted out a screenshot from gme regarding upcoming vote stating there is
70,761,778 shares outstanding.

Reddit then proceeds to go thru the filing which list insider share holders(suits and hedgies) and come up with 55,722,368.

Making the float 15mil.....so it is very possible retail owns the float.

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The float might be closer to 26m...seems to be some discussion on the math going on

Either way it appears retail owns the float as even conservatively like I posted earlier in thread if you take half of wallstreetbets and give them an avg of 10 shares that is 45mil shares....

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GME completed a 3.5 million share offer today, injecting those shares into the market and earning around $500 million. Share price actually went up, finishing the day up 11.74% at $168.93 and touching $198 in the after hours. With $500 million in fresh cash and the shedding of under-performing stores during COVID, bankruptcy is now a distant dream of short sellers.

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This is fucking rocket fuel. If anyone is reading this and not buying as much GME as they can this is your last chance (not financial advice, I just like the stock)

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11 hours ago, RGBIII said:

This is fucking rocket fuel. If anyone is reading this and not buying as much GME as they can this is your last chance (not financial advice, I just like the stock)

Whats the latest bull case on GME. Short interest appears to be way down, so are people still hoping for a squeeze? Or is the play now that they will successfully restructure from a physical retailer into  a new company, which presumably takes years.

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Whats the latest bull case on GME. Short interest appears to be way down, so are people still hoping for a squeeze? Or is the play now that they will successfully restructure from a physical retailer into  a new company, which presumably takes years.
To your first question, the commonly held belief among squeeze enthusiasts is that the short interest is not being accurately reported and that the stock is "irreparably shorted" (that's how I would put it, at least). There is no way to sort through which shares are synthetic and which are real, there are probably more bona fide owners of the stock than there are shares available, and barring bankruptcy or a legitimizing of all synthetic shares, which would dilute the stock, there is always the potential that large short positions get obliterated and margin called.
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2 hours ago, Eastwood said:
2 hours ago, Blotto said:
Whats the latest bull case on GME. Short interest appears to be way down, so are people still hoping for a squeeze? Or is the play now that they will successfully restructure from a physical retailer into  a new company, which presumably takes years.

To your first question, the commonly held belief among squeeze enthusiasts is that the short interest is not being accurately reported and that the stock is "irreparably shorted" (that's how I would put it, at least). There is no way to sort through which shares are synthetic and which are real, there are probably more bona fide owners of the stock than there are shares available, and barring bankruptcy or a legitimizing of all synthetic shares, which would dilute the stock, there is always the potential that large short positions get obliterated and margin called.

What Clint said. Also I like their pivot plan

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This^

Also I came to add that per screen shots(fidelity) and reddit that the buying orders have far out weighed the sells yet the price goes down

Saw stuff floating around reddit that people overseas are claiming their buy orders are coming back unfulfilled and price keeps going down on low volume.

Lots of shady stuff if true...take with grain of salt since it's the internet and I'm not interested in deep diving to dbl check, but I agree lots of shady shut has went down since end of January

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1 hour ago, Bone3421 said:

This^

Also I came to add that per screen shots(fidelity) and reddit that the buying orders have far out weighed the sells yet the price goes down

Saw stuff floating around reddit that people overseas are claiming their buy orders are coming back unfulfilled and price keeps going down on low volume.

Lots of shady stuff if true...take with grain of salt since it's the internet and I'm not interested in deep diving to dbl check, but I agree lots of shady shut has went down since end of January

Retail owns the float

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