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Wall Street was the real winner of the GameStop saga

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Re: Wall Street was the real winner of the GameStop saga

#101

Post by ashurov »

Pelic4n wrote: post #76
ashurov wrote: post #62

I have seen so much fuckery with the stock price and ridiculous headlines in het media about GME that can't really believe that we have seen the actual squeeze. Furthermore, the SEC report said that the price run-up was because retail bought in, not because the hedge funds closed their positions. So when did they do this and went from 200% to 20%? Besides all of that, the fundamentals for GME are great. They are hiri…

Don't you love it when the once in a lifetime opportunity for generational wealth is also a great fundamental investment? In case the biggest short squeeze the market would have ever seen, with the potential to crash the US economy, somehow doesn't happen (damn hedgies!). With all of that that, it doesn't matter that physical sales of video games are dying and that the company is bleeding out money with a loss of $10…

I think the Q4 earnings report will show massive improvements, furthermore, them moving away from just being a brick-and-mortar store will help valuation in the long run. MOASS is unlikely to happen, but I think in the long term the valuation of GME will keep increasing considering their new plans and their new following/customers. They definitely gained in brand-name in the last year.

This whole saga seems to at least introduce some new rules and regulations. Although enforcing them will be the real game-changer.

Re: Wall Street was the real winner of the GameStop saga

#102

Post by adrr »

simpleguitar wrote: post #31
carnitine wrote: post #26

Earlier quoted context omitted.

Why do you think not a single institutional investor has rallied behind this cause? Hedge funds love fucking each other over and would embrace popularity with the public. Why hasn’t some firm with a few billion under management taken up this cause if there’s really anything there?

Because that would be illegal market manipulation. Any institute, including GameStop themselves, would be committing a crime if they knowingly triggered a short squeeze. The SEC rules on this is quite clear. What's interesting to me is that the official SEC report on GameStop "squeeze" specifically called out that the rise in price WAS NOT due to short covering, but rather a large increase in retail buying and market…

It's not illegal to push a stock up just like it's not illegal to short a stock. Certain rules apply when you become significant share holder.

Buying significant calls will move the market as the market maker buys shares the ensure they can cover. Shorting drops price because it "creates" shares. Even six figure trades can move the market,

Re: Wall Street was the real winner of the GameStop saga

#104

Post by carnitine »

olladecarne wrote: post #90

Why is the financial media so obsessed with Gamestop? It's a relatively tiny company and if it truly was the case that it is over they would have stopped talking about it. Instead they publish fear-mongering articles and hit pieces on people like Keith Gill who was just a normal person seeing a value investment and got lucky. hint: http://www.paulgraham.com/submarine.html

It’s an incredibly interesting story, symbolic of the mass influx of retail investors into the market, and also a fascinating example of cultish mass delusion.

The short squeeze is blatantly over in the eyes of basically every investment professional, the incredibly weird price action driven by devotees is not.

Re: Wall Street was the real winner of the GameStop saga

#105

Post by marcosdumay »

olladecarne wrote: post #90

Why is the financial media so obsessed with Gamestop? It's a relatively tiny company and if it truly was the case that it is over they would have stopped talking about it. Instead they publish fear-mongering articles and hit pieces on people like Keith Gill who was just a normal person seeing a value investment and got lucky. hint: http://www.paulgraham.com/submarine.html

The financial media is media before anything else, and likes an interesting story.

Re: Wall Street was the real winner of the GameStop saga

#106

Post by raxxorrax »

WJW wrote: post #75
raxxorrax wrote: post #50

Earlier quoted context omitted.

I think it should started a discussion about some excesses of the stock market. Rich people can look for battered companies and severely profit from their accelerated demise which some people wanted to fight against for once. Out of their own motives for profit or just for fun to be able to at least once stick it to speculators looking for easy profit. That trading was halted and "corrected" proved they had an impact…

> people can look for battered companies and severely profit from their accelerated demise Gamestop is one of those companies where the demise has been severely delayed IMO; they could've seen the future years ago but chose to stay with their legacy business of selling games in physical stores. Online game stores do what they do but with much lower costs and a much better business model. There are two ways forward fo…

Agreed. But I don't really believe that accelerating their demise is a large benefit to anyone aside the capital "investor" getting more money. The company has to do a reorientation, but that could be cut short by the stock market. Don't kid yourself that you are providing anything substantially important to further development.

Re: Wall Street was the real winner of the GameStop saga

#107

Post by OrderlyTiamat »

goldnugget92 wrote: post #23

Its easily dismissed as conspiracy but having read many of their supporting arguments and seeing the SI (Short Interest) being over 220% myself along with the SEC report suggesting that shorts never closed their position... I can't say I would dismiss the possibility of another short squeeze...

Why did you post this commment twice?

Re: Wall Street was the real winner of the GameStop saga

#108

Post by rccb2002 »

rekoil wrote: post #92
rccb2002 wrote: post #69

Earlier quoted context omitted.

What reports have you seen that show the actual numbers? Genuinely curious. As far as I know, there is only one report that has been released--that was by Gamestop itself for the 3rd Quarter (Aug 1-Oct 30). That number was 5.2 Million. Now, the DRS movement, for lack of a better term, did not start to take off until late August/Early September. IOW, DRSing shares has not been going on since last January. The next qua…

From what I've seen there are now ~122,000 accounts for DRSed shares, and even if the average numbers we're seeing on reddit hold for all accounts (which I doubt), that's still only around ~18M shares, or 28% using your numbers. That's a lot, but it only matters when it reaches 100%. I don't want to spread negativity, I have a bit of money invested as well on the off chance that the theories are true, but I'm placing…

Just to clarify my original statement, I did not mean to imply that after the 4th quarter results come in, that another squeeze will immediately happen.

I've always thought that this would take some time (i.e. DRSing the float). I don't think it necessarily has to reach 100% (although that would fantastic) I do think the higher the number climbs, the harder it will be for investors and regulators to ignore.

DRSing shares will reveal irrefutable, easy-to-digest proof that there is illegal naked shorting of Gamestop. How that plays out (squeeze, investigation etc) is anybodies guess because this exact situation has never happened previously. (individual retail investors directly registering shares in their name to secure the entire inventory of a company).

Re: Wall Street was the real winner of the GameStop saga

#109

Post by nradov »

raxxorrax wrote: post #106
WJW wrote: post #75

Earlier quoted context omitted.

> people can look for battered companies and severely profit from their accelerated demise Gamestop is one of those companies where the demise has been severely delayed IMO; they could've seen the future years ago but chose to stay with their legacy business of selling games in physical stores. Online game stores do what they do but with much lower costs and a much better business model. There are two ways forward fo…

Agreed. But I don't really believe that accelerating their demise is a large benefit to anyone aside the capital "investor" getting more money. The company has to do a reorientation, but that could be cut short by the stock market. Don't kid yourself that you are providing anything substantially important to further development.

The stock market can't cut a company short. Even if the stock price goes to $0, the company still exists with all of it's assets, contracts, and employees. The stock price only matters if they do a secondary offering, and to a lesser extent for equity based employee compensation.

Re: Wall Street was the real winner of the GameStop saga

#110

Post by odonnellryan »

ashurov wrote: post #99
shlant wrote: post #86

Earlier quoted context omitted.

yep. "time will tell" meaning GME ideologues will continue to move the goalpost for when the MOASS will happen in perpetuity.

I don't necessarily believe in MOASS happening anymore, but I do have a strong believe that introducing an NFT marketplace and what else GME has in store will make sure the long term view for this company is optimistic. Wallstreet might have "won", but it seems that SEC is introducing new bills to prevent some of the stuff that was going on.. Hopefully they will start enforcing it as well.

Why will an NFT marketplace do any of those things?
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