re: So I bought some Gamestop(GME)

Stripped out my terminal. and I misread,
insider did not sell today. These frickers are getting crafty trying to create fud



Tomi Kilgore

Value of new GameStop board member's stake spikes by nearly $3 billion in less than 3 weeks; CEO's stake increased in value by almost $780 million over the same time frame

Just because trading in a stock gets crazy enough to worry regulators, and may have nothing to do with a company's fundamentals, doesn't mean you can't still make a lot of money, as long as you sell.

GameStop Corp. (GME) disclosed early Thursday that one of its largest shareholders, South Korea--based MUST Asset Management Inc., no longer held any shares (LINK of the videogame and consumer electronics retailer's shares.

MUST had previously owned 3.3 million shares, or about 4.7% of all shares outstanding, which made it GameStop's ninth largest shareholder, according to data provided by FactSet.

The 3.3 million--share stake was first disclosed (LINK before the March 20, 2020, opening bell, when it represented 5% of GameStop shares outstanding.

GameStop's stock had closed on March 19, 2020, at $4.19, which means 3.3 million shares would be worth about $13.8 million. At Wednesday's closing price of $347.51, those 3.3 million shares would be worth $1.15 billion, representing an increase of about $1.13 billion.

Good timing, as GameStop's stock had by tumbled 21.6% as of midday on Thursday. The stock had skyrocketed 1,642% in two weeks through Wednesday, as the poster child of the of the recent trading frenzy over heavily shorted stocks (LINK

Don't miss: SEC says it's monitoring market volatility, as Biden administration watches GameStop (LINK

Also read: Robinhood blocks new purchases of GameStop stock (LINK

MUST isn't the only shareholder that saw the value of a stake get a billion-dollar boost in recent weeks.

Ryan Cohen, who manages activist investor RC Ventures LLC, which is GameStop's second largest shareholder, owned 9,001,000 shares, or 12.9% of shares outstanding, according to a filing with the Securities and Exchange Commission before the Jan. 11 open. GameStop had also announced early Jan. 11 that it agreed with RC Ventures to add Cohen to its board of directors (LINK as well as Alan Attal and Jim Grube.

Based on the Jan. 8 closing price of $17.69, Cohen's stake was worth $159.2 million. As of Wednesday's close, that stake would have been worth $3.13 billion, if Cohen sold.

With Thursday's stock selloff, the value of Cohen's stake has declined by $674.4 million, at current prices.

Cohen had been building his GameStop stake for the past five months. The company first disclosed on Aug. 28, 2020, that Cohen owned 5.8 million shares, or 9% of shares outstanding. More recently, GameStop disclosed that Cohen bought about 1.2 million shares on Dec. 18.

When Cohen was named a director, GameStop Chief Executive George Sherman said: "We appreciate the constructive dialogue we have had with Ryan over the past several months. Together, we have reached an outcome that is in the best interest of all stockholders and can enable GameStop to accelerate efforts to deliver enhanced value for the company."

Sherman is also one of GameStop's largest shareholders, with about 2.4 million shares, or 3.4% of shares outstanding.

The last filing disclosing Sherman's stake was on June 11, 2020, when it was stated that he had acquired about 1.2 million shares through the grant of restricted shares. With the stock closing at $4.96 on June 9, his stake was worth about $11.7 million at the time.

Sherman's stake was worth $742.5 million as of Wednesday's close, and, at current prices, was worth about $643.7 million,

GameStop shares have soared 2,206.1% over the past three months and 6,374.5% over the past 12 months, while the S&P 500 index has gained 16.9% the past three months and 16.7% over the past year.

Buying 3 shares at "market Price" a good idea for tonight?

Goodnight autists.


I don't know what's going to happen tomorrow. But I can absolutely guarantee with 100% diamond handed certainty that...

































It will be retarded.

Anybody have the screenshot of the WSB retard saying something like: I’m not selling until my Wife’s b/f says so and buddy, we’re not on speaking terms

I know it was posted in here and search a little, but can’t find it.

It’s WSB joke

I'll have to watch closely.
Not planning on keeping it but a matter of days

If you thought yesterday was intense, just watch today.

Just tried to buy on RH. They will only let you own 5 shares. I currently own 100. Put in an order to buy 1000, denied.

Dropped it to buy 4. Denied for the same reason.

Slimy motherless whores

frick those slimy cock suckers.

I don’t even use Robin Hood and this shite infuriates me.

It’s a free market as long as you buy what we want and no more than we allow.