New GameStonk thread

[QUOTE="silverhair, post: 1189726, member: 38573"
Knock them all you like but the fact is they caught the hedge fund boomers with their pants down and now wall street is crying foul because Wall Street only likes the game when they are the ones winning.
[/QUOTE]

Liked for genuine opinion.

"Fact check" though: Melvin Capital founder Gabriel Plotkin is 42 (he's GenX, not Boomer). Plotkin founded Melvin Capital in 2014.
 
dozerz said:
long video but explains well what happened with robinhood, sbf says gme market cap could hit 1 tril.
Click to expand...

That would be a sight to see; but as he also notes - what's preventing $GME from "selling out" like Hertz did and issuing a gazillion new stonks? Wouldn't that be the rational thing to do?
 
jultorsk said:
That would be a sight to see; but as he also notes - what's preventing $GME from "selling out" like Hertz did and issuing a gazillion new stonks? Wouldn't that be the rational thing to do?
Click to expand...

they will most certainly be planning some type of issuance, most likely to pivot the business and could become the netflix of games, just have to get it past the scc.
 
dozerz said:
they will most certainly be planning some type of issuance, most likely to pivot the business and could become the netflix of games, just have to get it past the scc.
Click to expand...

Unfortunately that would pretty much destroy the "diamond hands" dream then wouldn't it - their holdings will dilute and losses will be commensurate to the issue price of the new share, right? Could happen next week or any day now.
 
jultorsk said:
Unfortunately that would pretty much destroy the "diamond hands" dream then wouldn't it - their holdings will dilute and losses will be commensurate to the issue price of the new share, right? Could happen next week or any day now.
Click to expand...


Big instos hold 70% of GME, they wont like their investment being watered down and GME really does not hold any problematic debt after last quarters results including an 800% increase in online sales. GME paid down almost half their debt pile and paid ahead of time. Another consideration in this area is now the shorts are on the run, it wont be hard for GME to raise capitol especially not with the revitalized board and turn around strategy working.

They also have 65 million customers, 5000 stores and 14000 staff. Its very easy to shut down underperforming stores. its nothing like the way the HF shorters tried to paint them.

It seems to me that its a hell of a lot easier for GME to become an Amazon of gaming then it is for anyone else.

And to quote Charmath, who cares if a few hedge funds fail or a few family offices go underwater, WHO CARES!
 
Don't worry, the US Govt will step in and protect the average investor.........???

Maxine (Batshit Crazy) Waters heads the committee that lead the charge. Sit back and watch the theatre as blame to passed to the retail / average man on the street for taking on Wall Street. Maxine won't bite the hand that feeds her. https://www.politico.com/story/2019/04/15/maxine-waters-wall-street-1357237

https://www.rt.com/usa/514156-robinhood-waters-financial-contributions/

Robinhood execs' contributions to House Financial Service panel leaders under scrutiny as hearing over GameStop saga announced
31 Jan, 2021 00:27 / Updated 1 hour ago

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FILE PHOTO: U.S. Rep. Maxine Waters (D-CA) and Rep. Patrick McHenry (R-NC) before a House Financial Services Committee hearing, April 9, 2019. © REUTERS/Aaron P. Bernstein

Robinhood co-founders channeled the maximum sum allowed to the campaigns of the chiefs of the House Committee on Financial Services last year, it has been revealed. The panel is poised to investigate the GameStop craze.

Federal records, dug up by the media in light of the continuing massacre of hedge funds by retail investors using trading apps like Robinhood and Webull, has showed that Robinhood CEO Vlad Tenev and the app co-founder Baiju Bhatt contributed $2,800 each to the campaigns of Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and top Republican on the committee, Patrick McHenry (R-NC), last October.

Under the federal law, $2,800 is the maximum allowed amount an individual donor can contribute to a candidate’s committee in the current election cycle.

Apart from this, both Tenev and Bhatt funneled $1,200 each to Innovation Political Action Committee, linked to McHenry, and to People Helping People, which, in turn, is associated with Waters. Tenev and Bhatt also donated $2,800 to WINRED, an online fundraising platform, endorsed by the Republican National Committee.

Sorry to any Robert McHenrys, this should be Patrick McHenry. Thx to @ff_ff8008ff_ff for the correction.Not only did Vladimir Tenev & Baiju Bhatt make exactly the same political contributions, these are their *only* political contributions.https://t.co/GE8gXu4oBc

— Jon Schwarz (@schwarz) January 30, 2021
All of the contributions were made in the span of several days in October and appear to be the only political activity from the Robinhood execs to have ever left a footprint in the federal records.

The scoop was first reported by Mediaite and the Intercept’s Jon Schwarz on Saturday, two days after Waters announced the committee will hold a hearing “on short selling” and “online trading platforms” in view of the Gamestock and other heavily shorted stocks trading bonanza.

Reached by Mediate, spokesperson for Waters did not comment on what some critics deem a potential conflict of interest, citing her only statement on the issue instead.

Click link for rest of article.
 
From the talk on Reddit amc and gamestop was never the goal. They just needed to make some millions for the silver squeeze so they used the system against itself to raise funds.
It's not about the money. Theres more at stake here. It's already days in the making.
 
JohnnyBravo300 said:
From the talk on Reddit amc and gamestop was never the goal. They just needed to make some millions for the silver squeeze so they used the system against itself to raise funds.
It's not about the money. Theres more at stake here. It's already days in the making.
Click to expand...

Not sure about the silver squeeze but it's a continuation of the Trump witch hunt. The globalists made Trump the target, now Trump has "disappeared", the anger remains. Maybe they should let Trump "win". Perhaps they tried, remember Biden was talking nonsense (pretending to be senile?). But it's a game of thrones. China wanted Biden to win. But this is a mistake for them. Biden is 10x more dangerous than Trump. Trump only talks tough but is a pacifist in actual. So looks like the globalists won in the end. :D
 
JohnnyBravo300 said:
From the talk on Reddit amc and gamestop was never the goal. They just needed to make some millions for the silver squeeze so they used the system against itself to raise funds.
It's not about the money. Theres more at stake here. It's already days in the making.
Click to expand...

Youtube is alive with the usual suspects and many other channels now discussing this.

So, if a silver squeeze is on cards / happens and the effects on the financial markets are......BAD....what will Govt's (especially the Biden administration) do to stop it and protect their Wall St mates etc?
 
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