Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

GameStop stock soars after 'Roaring Kitty' reveals $175M bet

finance.yahoo.com

Post reply on HN
Print view View original

21–30 of 33 posts

Re: GameStop stock soars after 'Roaring Kitty' reveals $175M bet

#21

Post by speedylight »

mmh0000 wrote: post #20
speedylight wrote: post #17

Fuck my LIfe this is the second time I missed out on a GME pump and dump.

I believe you haven't missed anything. The research on GME going up by thousands of dollars is compelling. You can wade through the cesspool that is the r/GME subreddit and read it all. I've come away believing the apes are right. As of now, GME has 2 billion USD cash on hand. They wouldn't go bankrupt for over 350 months even if they didn't make a single penny. And they are making pennies! Lots of them! And they're…

This is a good way of looking at it, thank you. I’ll probably put a few hundred dollars in it to test the waters!

Re: GameStop stock soars after 'Roaring Kitty' reveals $175M bet

#22

Post by dinobones »

mmh0000 wrote: post #20
speedylight wrote: post #17

Fuck my LIfe this is the second time I missed out on a GME pump and dump.

I believe you haven't missed anything. The research on GME going up by thousands of dollars is compelling. You can wade through the cesspool that is the r/GME subreddit and read it all. I've come away believing the apes are right. As of now, GME has 2 billion USD cash on hand. They wouldn't go bankrupt for over 350 months even if they didn't make a single penny. And they are making pennies! Lots of them! And they're…

Okay you've convinced me, I'm putting my entire life savings into this thing.

Re: GameStop stock soars after 'Roaring Kitty' reveals $175M bet

#23

Post by reducesuffering »

mmh0000 wrote: post #20
speedylight wrote: post #17

Fuck my LIfe this is the second time I missed out on a GME pump and dump.

I believe you haven't missed anything. The research on GME going up by thousands of dollars is compelling. You can wade through the cesspool that is the r/GME subreddit and read it all. I've come away believing the apes are right. As of now, GME has 2 billion USD cash on hand. They wouldn't go bankrupt for over 350 months even if they didn't make a single penny. And they are making pennies! Lots of them! And they're…

During this entire GME scam stock saga, the company has lost over $1b, is still not a profitable company, and has no foreseeable future being a profitable company selling physical game copies in a digital world. Their stores are closing left and right. If you've never looked at their balance sheet and don't even know how to read a balance sheet, then you don't know what you're doing. The fundamentals are garbage and your only hope is to be in the pump rather than the dump. Good luck playing wheel of money.

Re: GameStop stock soars after 'Roaring Kitty' reveals $175M bet

#24

Post by JSDevOps »

echoangle wrote: post #16
tempaway355751 wrote: post #6

Earlier quoted context omitted.

He's just posting his position, didn't say a word, its just a screenshot of a spreadsheet. The surge is happening because now everyone knows that (amazingly) he didn't cash out 4 years ago and instead increased his position x5

How does not saying a word mean it’s not market manipulation? That’s not a requirement, you can manipulate the market just fine just posting images if you’re the right person

Exactly, The mere fact he is posting is showing clear intent to manipulate the market.

Re: GameStop stock soars after 'Roaring Kitty' reveals $175M bet

#25

Post by morbicer »

JSDevOps wrote: post #5

How on earth isn’t this blatant stock manipulation at this point.

As someone not from US what's the difference between this and Jim Cramer? The fact that his advises are shit?

I don't want to be combative, I really want to understand the laws and logic behind this.

Re: GameStop stock soars after 'Roaring Kitty' reveals $175M bet

#26

Post by rcxdude »

1oooqooq wrote: post #9

economists, educate me please. people buy shares, the company sells shares, pay the ceo and skeleton staff, and then what? how anyone make money on that besides pump and dump?

If the company is actually being valued correctly, the company makes a profit using the capital off of the share sales, then re-distributes that to shareholders with dividends or share buybacks, everyone wins. If not, then the company executives and employees get their salaries and bonuses for a bit longer, and anyone in the market who rides the wave correctly wins at the expense of anyone who does not.

Re: GameStop stock soars after 'Roaring Kitty' reveals $175M bet

#27

Post by shitpostbot »

mmh0000 wrote: post #20
speedylight wrote: post #17

Fuck my LIfe this is the second time I missed out on a GME pump and dump.

I believe you haven't missed anything. The research on GME going up by thousands of dollars is compelling. You can wade through the cesspool that is the r/GME subreddit and read it all. I've come away believing the apes are right. As of now, GME has 2 billion USD cash on hand. They wouldn't go bankrupt for over 350 months even if they didn't make a single penny. And they are making pennies! Lots of them! And they're…

[dead]

Re: GameStop stock soars after 'Roaring Kitty' reveals $175M bet

#28

Post by shitpostbot »

paulpauper wrote: post #2

I am confused. I thought he had only $40 million after the stock peaked in 2021. Where did he get these extra funds, especially given that GameStop had fallen 80% from the 2021 peak? https://markets.businessinsider.com/news/stocks/gamestop-sto... Fast-forward to 2024 and he claims a net worth of $200 million at the time of the screenshot when GameStop was at $22 on Sunday. So presumably he would be worth $1 billion i…

[dead]

Re: GameStop stock soars after 'Roaring Kitty' reveals $175M bet

#29

Post by floor2 »

morbicer wrote: post #25
JSDevOps wrote: post #5

How on earth isn’t this blatant stock manipulation at this point.

As someone not from US what's the difference between this and Jim Cramer? The fact that his advises are shit? I don't want to be combative, I really want to understand the laws and logic behind this.

Intent matters.

A doctor prescribing you drug X because they think it's the best treatment for you is different than a doctor prescribing drug X because they get a kickback for doing so or have a lot of stock in the company.

A car crash because a driver made an honest mistake is different from a road raging driver intentionally ramming another car.

The difference between first degree murder, 2nd degree, manslaughter etc mostly comes down to intent and planning.

A person writing about a stock for Bloomberg because Bloomberg pays their salary to do stock analysis is different from a person buying call options and then pumping the stock so they can profit from the buying behavior of the people they manipulated.

And of course, all of these are full of subjective assessments. Most people looking at the "meme stocks" and corresponding subreddits, discords, tweets etc are going to come to the conclusion that there is intentional manipulation happening. But maybe somebody with autism or who speaks English as as second language or comes from a very different cultural context wouldn't be able to differentiate, and would come to a different subjective understanding.

Re: GameStop stock soars after 'Roaring Kitty' reveals $175M bet

#30

Post by shitpostbot »

tempaway355751 wrote: post #6
JSDevOps wrote: post #5

How on earth isn’t this blatant stock manipulation at this point.

He's just posting his position, didn't say a word, its just a screenshot of a spreadsheet. The surge is happening because now everyone knows that (amazingly) he didn't cash out 4 years ago and instead increased his position x5

[dead]
Post reply on HN