lol ive been in gme since 10$.. there are two main factors driving this chit

1. Ryan Cohen n his co from Chewy/Nintendo days - they genuinely want to take over GME (RC bought 10+% stake in the company when it was sub $10) and turn their business around, they even wrote a F U letter to the current board
2. short squeeze - if anyone broke any rules its the hedge funds, they borrowed more shares than the available float (100+%) and now in deep ****.. for every 10$ increase in GME they are losing $1B.. they are ****ed but we know they will be getting another bailout by their pals (they had a $2.7b bailout on Monday)

In nov/dec the focus has been on how RC could turn the business around thus driving the price higher (organically).. but the potential gigantic short squeeze starts getting more attention and this drove the masses to buy the stocks (ignoring business fundamentals) and ridiculous call options.. fundamentally short squeezing is also a legal strategy and we have seen it happened in the past with VW and TSLA. .. im planning to sell half my stake at 300-400 and leave the rest to see where it goes

Quote form wsb on reddit.

I tossed some money in yesterday and sold at the end of today.. easiest 15k of my life overnight. Seriously once in a lifetime **** happening here, and it's not too late to get in. I'm done tho no energy for that **** lmao

Lol pretty stupid quote tbh


I owned multiple residential investment units before ever making more than 80k a year. That’s plenty of money for a 3 BR in 99% of America

FO
M
O

There are going to be some hurting af bag holders when this is all said and done, probably will do more damage than shorting the stock would have in the first place

time to jump on blackberry stock boyos...brrr

Can someone with some knowledge on the topic answer a few questions for me for reps?

1) is there any benefit of having done this to the hedge fund other than simply sticking it to the man? What I mean is there any extra financial gain? Couldn’t they have ran up the value on any stock even one without the short positions?

If so this was more of a “stick it to the man, while also making a bunch of money by driving the price up”?

2) wouldn’t this level of collusion be illegal?

Thanks

nobody wants to live or own anything in povertyville with you as mayor mc******* though

Did yall see that user deep****ingvalue, hes up 22mil and is up 9 mil from yesterday alone, what a madman

Gonna be alot of people tempted to pull out tomorrow at opening if it's 200+ including myself, any miscers hazard a guess what it could go to by eod tomorrow?

anyone has any tips where to dump 20k ?looks like stocks is legit thing and maybe tradie money can double or triple instead depreciating ?

This is not a pump and dump. GME has a lot of institutional owners. In fact my country Norway owns 2,6% of GME. Gamestop was a decent company being driven to the brink of bankruptcy because of ******* hedge funds who shorted the chit out of it. A year ago it was trading at $4 while it had 5 billion in revenue. New consoles were coming out which always improves business by a huge margin.

What happened was some people like Michael Bury (Christian Bale from The Big Short) and some other smart folks saw GME as a deep value investment which was severely undervalued. Once this info along with the fact that GME was the most shorted company in the stock market became public knowledge because of a great investing redditor, this started to catch on. And then Ryan Cohen (made Chewy into a billion dollar company competing with Amazon) became a major shareholder and board member, everyone knew GME was pivoting and will be a major force to come in the coming years. There is huge potential in Gamestop and in light of these changes it was severely undervalued. Now the stock will be squeezed to infinity and beyond because shorters refuse to cover their shorts, they keep doubling down on it.

Yeah, I agree.

I think though that because this story has gone viral, instead of simply pumping and dumping coordinated short squeezing hedge funds may become a trend.

What's stopping the broker from saying get fuk'd this is a pump and dump & "sue us" to the neckbeards?

GME still has a lot of room to run, though unless you already got an account with 20k set up you might not have enough time for the deposit to settle before GME hits peak

elon tweeted this ****

Those of you saying the SEC can take action because of "malicious intent".. what about when Chitron trashes a stock on Twatter so they can buy it cheaper? That's pretty malicious?

What about when MMs plunge a stock to shake weak hands? That's also malicious