re: So I bought some Gamestop(GME)

imagine being a boomer with melvin capitol and your portfolio is down 30% in only 25 days. brutal

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To everyone who doesn’t understand GME and what’s happening. Right now, GME is the highest ever shorted stock in history. Every day that we see green, the squeeze goes on.


Today may scare a lot of you. We all saw GME shoot to 150 and back down to 75. This kind of range has never been seen before in a billion+$ company.
2 questions - why and how.


The how is easier to understand so let’s start there. Because of the short seller contracts that are currently in process cover a LARGE amount of shares from what would be the float. This means that there is less available shares for trading making the price of the stock extremely volatile. Usually when this happens to a stock a short squeeze will ensue OR the stock will just be driven to bankruptcy... which is what the frick heads at shitron and Melvin are trying to do.

With GME - we are seeing a literal historic level of support for GME. This causes the price to go up and the short sellers to have to pay out the difference of how much it’s going up directly to the people who are taking them up on their put contracts. The most known user for taking up these contracts is u/deepfrickingvalue. With the profits from these calls, our compatriots are buying more shares and contracts. This has the possibility to literally go on forever, or until the short sellers are broke and give up. In the past when this happened, the short sellers stopped because they don’t want to get squeezed out of all their money. In the case of GME, the short sellers do not think that WSB has the ability to continue what we started and they are posting more and more short contracts. This means the squeeze is still on.


I’ve touched a bit on the why... but just to be clear we are at fricking war. When you watch this stock you can literally picture the LOTR meme of a battle between already rich jackasses who want GME staff out of jobs and the Reddit buyers keeping the price above yesterday’s... every day.


Every day we see green, we are making our call contracts print us money directly from Melvin and shitron and our leaders making these calls ARE buying shares I promise you.
To participate: buy shares. Hold them until GME hits 1000 or even after that.
A squeeze of this magnitude can literally bankrupt Andrew Left. But we need to stay strong.


The short ratio compared to share float is still above 200%. This is fricking nuts, and if we stop our unified force now, they will make their money back and move on with life.
NOW, yes literally NOW. Today. Tomorrow. NOW. Is the time where we can hit them where it hurts. We need more buys after hours today, pre market tomorrow and every single fricking dip that comes up tomorrow.
We have the power right now and we will not loose it. Participate and be rich, or watch us patiently.

**copied from another group**

What are the possibilities that GME takes advantage and just issues a boatload of shares and dilutes the stock and gives the shorts an out? Ethics? Is this a possibile?

quote:

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What are the possibilities that GME takes advantage and just issues a boatload of shares and dilutes the stock and gives the shorts an out? Ethics? Is this a possibile?

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They setup shares to do exactly this actually. They should, it's the companies financial obligations to raise money in the least diluting way possible

that takes time
they have to do a filing with the SEC and set up underwriters/etc
but yes they should sell stock at the earliest possible time

GME filed for a shelf offering after last quarter. Seemed like they did it for the chance of a short squeeze bc they hadn’t actually opened the offering, they just filed for one so they could have it on the table

even more interesting scenario is a hedge fund deciding to back retail on this trade to further push melvin capitol closer to bankruptcy

eliminate competition

On the offering front, I can’t imagine an underwriter would touch GME at this point. Essentially they buy all the shares and sell them. No body is going to take on that risk right now.

How about the guy who proclaimed he just shorted the stock on national TV having the nerve to call out WSB for market manipulation?

"these wsb guys are manipulating the market but by the way buy stock X Y and Z!"