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Started By
Message
re: So I bought some Gamestop(GME)
Posted on 1/13/21 at 4:33 pm to TulaneLSU
Posted on 1/13/21 at 4:33 pm to TulaneLSU
TulaneLSU,
Thank you friend
In all seriousness, I do plan to make an increase in my tithings as well as a % of my profits to St Jude Children’s Hospital once it’s all settled. I’m going to try to request that it fittingly go towards video games for the inpatients.
Yours in Christ,
Upperdecker
Thank you friend

In all seriousness, I do plan to make an increase in my tithings as well as a % of my profits to St Jude Children’s Hospital once it’s all settled. I’m going to try to request that it fittingly go towards video games for the inpatients.
Yours in Christ,
Upperdecker
Posted on 1/13/21 at 9:28 pm to Upperdecker
Is this popping solely on the RC news? Is this financial engineering or sustainable change to the business model driving these hyper gains?
Posted on 1/13/21 at 10:13 pm to lynxcat
quote:
financial engineering
The fricking chewy guy is apparently the new Elon
Posted on 1/14/21 at 12:01 am to finchmeister08
quote:
investing in physical media in a digital media world?
nah, you made the right decision.
Laugh all you want. Up 1100% since April. Squeeze is on.
This post was edited on 1/14/21 at 12:03 am
Posted on 1/14/21 at 1:11 am to lynxcat
quote:
Is this popping solely on the RC news? Is this financial engineering or sustainable change to the business model driving these hyper gains?
Value play with some financial tomfoolery. Gamestop is slowly adapting, cohen is gonna force the issue though and faster than current management seemed to previously want. Theyre pretty healthy financially other than declining sales. Good news has been tremendous e-commerce growth and large amount of customer data plus early debt paybacks.
If they're smart they leverage this short squeeze to release some of the 100k shares they shelved. Bring in some capital to push faster like cohen wants
Posted on 1/14/21 at 4:55 am to oklahogjr
Cohen has insisted he wants to protect shareholder value. Which I interpret partly as not allowing GameStop to dilute its shareholders (including himself). And he has the board votes to do that
Posted on 1/14/21 at 6:09 am to Upperdecker
Up another $5 pre market! This is wild. I’ve been trading for about 10 years now, gambled on penny stocks, small cap biotechs and have never been in on something like this before where just actual shares are up this much %
Posted on 1/14/21 at 6:47 am to Triple Bogey

This is what I’m looking for. Overstock had an elongated short squeeze this year and went from $2 to $120. Think this lasted a month or so. Looks like 5M short shares were covered yesterday. Only 70M to go

This post was edited on 1/14/21 at 6:48 am
Posted on 1/14/21 at 6:57 am to Upperdecker
I had kind of given up on the short squeeze dream and was looking at selling any day
The good news is that the squeeze is so hyped on the retail side that there should be pretty good hold pressure
I bet we get 40-45 today
The good news is that the squeeze is so hyped on the retail side that there should be pretty good hold pressure
I bet we get 40-45 today
Posted on 1/14/21 at 8:11 am to el Gaucho
I think $45 is possible. I bought some 40c expiring tomorrow before close so I’m betting on it
Posted on 1/14/21 at 8:17 am to Upperdecker
quote:
I think $45 is possible. I bought some 40c expiring tomorrow before close so I’m betting on it
Gonna be ITM by the time the market opens.

What were your premiums on those?
Posted on 1/14/21 at 9:46 am to Upperdecker
quote:
Cohen has insisted he wants to protect shareholder value. Which I interpret partly as not allowing GameStop to dilute its shareholders (including himself). And he has the board votes to do that
Long run though it's better for shareholders if the company sells some stock at a premium now and pays down debt. I don't think he wants a ton of dilution but this is their best chance at a capital raise with minimal dilution
Posted on 1/14/21 at 9:56 am to Triple Bogey
quote:
What were your premiums on those?
Averaged 1.20
Obv not ITM right now but I’m green on them and holding based on the potential, willing to risk my investment there based on the possible reward
Posted on 1/14/21 at 9:57 am to oklahogjr
I agree it’s their best chance to raise capital. I think they’ll monitor the short squeeze and time the offering to go along with when the short squeeze has really taken off. But I don’t think Cohen will allow it to happen before the squeeze really occurs
Posted on 1/14/21 at 10:13 am to Upperdecker
Bought GME at $4 knowing it'd have a spike with new system sales. Sold at $17.
Kicking myself today
Kicking myself today

Posted on 1/14/21 at 10:13 am to 44tiger
That is still a fantastic profit. Don't sweat it too much. We can't be perfect at every single thing we invest in.
Posted on 1/14/21 at 10:18 am to MrJimBeam
I'd be kicking more if I'd lost money
Just started playing with Robinhood in August so I've got alot to learn. I learned I should have been 4 months earlier.
But hey I'm sitting at 50% return overall so I'm not complaining. Easy to do with where the market was though.

Just started playing with Robinhood in August so I've got alot to learn. I learned I should have been 4 months earlier.
But hey I'm sitting at 50% return overall so I'm not complaining. Easy to do with where the market was though.
Posted on 1/14/21 at 11:26 am to volfan30
Made some big money on that touch of $43 with my 1/15 40c calls I bought yesterday. Sold for 450%
This post was edited on 1/14/21 at 11:27 am
Posted on 1/14/21 at 12:00 pm to Upperdecker
Have taken profit along the way on about 1/5th of my position. Still heavily invested. There should be a good amount of squeeze left, no?
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