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T.L.Here's kimmel saying that it's "russian disrupters" buying game stop. Kimmel didn't write that line and his writers didn't write that line.. Who did and why would someone inject this narrative? It's absolutely absurd.
https://twitter.com/shoe0nhead/status/1355977811081748480
inb4 muh 17 intelligence agencies say "its the russians definitely for sure please believe us this time."
Charlie_KellyPrice falls $100 in a day with 25% the average volume. Hmmmm 🤔
galardogodGot incredibly burned by AMC. I yoloed and bought 6 shares at 16.71 a pop and have lost $20
DayManDo you think the low volume is still because robinhood (and I think some other brokerages) are still suspending buying?
CatdickBojanglesLol $20?
galardogodGot incredibly burned by AMC. I yoloed and bought 6 shares at 16.71 a pop and have lost $20
.Dadlost 2000 today, probably more AH but i'm still holding
.Dadlost 2000 today, probably more AH but i'm still holding
zueshow the fuck am i going to college dad
Charlie_KellyTough day for sure. More paper hands getting shook out. AH is brutal right now but super low volume. Hedges are trying to drive down as much as they can.
1337Yeah, weed out the weaklings, I am confident we'll rebound at least a little tomorrow. Hoping RH removes its restrictions too, the volume today was abysmal.
DrZoidbergSo is silver the new meme? I have some gold related holdings and I was kinda hoping they'd meme gold not silver but whatever. Also can we meme oil stonks plz?
Charlie_KellyDude ever since thursday...I really think that was the start until the brokers shut it down, volume over 100mil and price north of $400. I’m not selling for a loss, if that ends up being the case, until it’s time for tax season next year lol.
T.L.Nah. Media got it's talking points over the weekend to push silver, specifically SLV. Citadel, is the fifth largest stakeholder in SLV right now.
Over the weekend they were saying it was the next thing reddit's WSB sub was going to push. If you actually go to WSB, you'll see they're all saying don't buy silver, its a setup, it's fake news, and that the media is pushing out the coordinated buy silver narrative.
zuesHave they come up with a legitimate and valid reason for pulling these stocks? I'm out of the loop and currently working 12 hour days.
ASAPCarterStill holding but goddamn this is getting painful
Charlie_KellyMy understanding is that, more specifically RH, acts as it’s own clearing house and didn’t have enough capital to cover the buy volume for the 2 days it takes to settle. Webull CEO saying the same thing.
In other news, I’m hearing anywhere from 212% to 50% SI. 11.3 billion still needing to be covered in interest. 5 million unverified shares in the first half of January alone. So much sketchy shit. And look at the 5d for AMC and GME. Pretty much identical. I really hope there are repercussions for this blatant manipulation.
SuspiciousFishI see it this way. The Volume was way too low to justify the drop in price as being legit, the media is still running in circles and trying to con you into silver and talking heads on MSNBC etc are scared and babbling incoherent nonsense. I dont have skin in this game though but that is my impression.
I mean, look at this guy. Does he look like everything is going well over at the Hedge Funds?
https://twitter.com/ndrew_lawrence/status/1356253787011371008
WPochSold GME pre-market today. Sorry Bulls. Was just far too much money for my 23 year old ass to comprehend. Just bought some Liberty Origins and a ski trip out to Utah!
120 shares @43 -- 40k gainz
WPochSold GME pre-market today. Sorry Bulls. Was just far too much money for my 23 year old ass to comprehend. Just bought some Liberty Origins and a ski trip out to Utah!
120 shares @43 -- 40k gainz
MiIfHunterAnyone here buy Dodgecoin?
what a joke that turned out to be
**This post was edited on Jan 31st 2021 at 12:40:36pm
.DadI’m down half my initial investment but I really do think the new board members can turn GameStop around as a company.
I like the stock
soupWhat do you like about a company that has net losses?
soupWhat do you like about a company that has net losses?
.DadGamestop is the largest brick and mortar company for an industry that is only going to get bigger. those brand new consoles that nobody can get? all have disc drives meaning people are still buying physical discs. and they're buying them in person at stores just like this one. not to mention the quickly growing gaming PC industry which they already have their fingers in via their online store.
There's also a rumor floating around that they're converting stores into build-a-pc stations. not only would that introduce a whole new crowd but it existing pc owners would be able to get their parts quickly and reliably, as opposed to waiting 3 days for a package that will probably be damaged.
and my favourite part about all this is the new board members introduced in December. Alan Attal, Ryan Cohen and Jim Grube. Cohen, founder of pet supplies E-commerce Chewy sold it to petsmart for 3.4billion. this dude has motivation and conviction to turn this company around for the better. plus he has former president and chief operating officer of Nintendo of America on the board as well.
zuesNot trying to be a dick here but you sort of sound like Blockbuster after they turned down buying Netflix. I play PC and Xbox games and I haven't stepped into A GameStop in years. I get the whole "stick it to the hedge funds" thing but that only led them to buy more puts @the $350 price. GameStop will be back to it's worthless price soon enough.
.DadGamestop is the largest brick and mortar company for an industry that is only going to get bigger. those brand new consoles that nobody can get? all have disc drives meaning people are still buying physical discs. and they're buying them in person at stores just like this one. not to mention the quickly growing gaming PC industry which they already have their fingers in via their online store.
There's also a rumor floating around that they're converting stores into build-a-pc stations. not only would that introduce a whole new crowd but it existing pc owners would be able to get their parts quickly and reliably, as opposed to waiting 3 days for a package that will probably be damaged.
and my favourite part about all this is the new board members introduced in December. Alan Attal, Ryan Cohen and Jim Grube. Cohen, founder of pet supplies E-commerce Chewy sold it to petsmart for 3.4billion. this dude has motivation and conviction to turn this company around for the better. plus he has former president and chief operating officer of Nintendo of America on the board as well.
.Dadlol gamestop is nothing like blockbuster. if it was you really think michael burry would be long on it?
.Dadlol gamestop is nothing like blockbuster. if it was you really think michael burry would be long on it?
zuesNot trying to be a dick here but you sort of sound like Blockbuster after they turned down buying Netflix. I play PC and Xbox games and I haven't stepped into A GameStop in years. I get the whole "stick it to the hedge funds" thing but that only led them to buy more puts @the $350 price. GameStop will be back to it's worthless price soon enough.
zuesHave they come up with a legitimate and valid reason for pulling these stocks? I'm out of the loop and currently working 12 hour days.
LonelyFrom my understanding of it the current gamestop master plan is.
1. Put 30 million more shares on the market, even at the current low price that still covers most of their debt
2. Close and sell all international brick and mortar stores. More cash for them, and less overhead.
3. Slowly close and sell their NA stores
4. Transition to e-commerce based out of a few warehouses. Exclusive deals with game companies and their own game pass type thing
5. Focus on PC sales as well, whether it's 3rd party prebuilts or in house.
It basically seems like they want to become cyberpower.com but also sell consoles, games and merch at a price that can compete with the other big guns.
Will it work? IDK but it seems like their new ceo is a man with a plan.
zuesI guess I didn't realize they had a plan like this in place.
