Bro I remember when he did his yolo? Like wasn’t it like 20k 😂 he made out like 17m the first time. He’s over 210 million dollars ?! Good lord. This guy.
His original trade was $50k.
At it's peak (after he doubled down like five times and bought a shit ton of calls) I believe his entire portfolio ran to about $46m:
[https://www.reddit.com/r/wallstreetbets/comments/l846a1/gme\_yolo\_monthend\_update\_jan\_2021/](https://www.reddit.com/r/wallstreetbets/comments/l846a1/gme_yolo_monthend_update_jan_2021/)
That's becuase its a screenshot of the peak of his gains in January 2021. He added to his position over time, rolling his gains into more calls and adding shares in 2020, resulting in that position worth about $47m.
His first ever post was back in 2019:
[https://www.reddit.com/r/wallstreetbets/comments/d1g7x0/hey\_burry\_thanks\_a\_lot\_for\_jacking\_up\_my\_cost/](https://www.reddit.com/r/wallstreetbets/comments/d1g7x0/hey_burry_thanks_a_lot_for_jacking_up_my_cost/)
He bought 1,000 calls at a value of $53k at the time.
I did some fuzzy work on it last night. He could have sold iron condors at .2 and .0002 delta and made around 300k a month with the IV being so high. That's starting with his 30 mill position, keep building and selling condors, and the risk is low at that delta.
In 3 years, it works out about right since the growth is exponential.
It's easy to make money when you have money.
X2 on this, the first hundred k is the hardest, if someone is able to turn $10,000 into $100,000 especially if they do it over the course of a few years and thousands of trades, that person almost certainly will inevitably become a millionaire
Sounds easy when you put it like that but in reality he was live streaming for hours and hours a day for over a year only talking to 4 subscribers in the beginning. He worked hard to create a movement.
Did he get anything from that GameStop movie? I didn’t watch it but it seemed pretty biographical from the previews, don’t people usually get compensated for the use of their life story?
He bought 53k worth of call options for an average of like $10 per contract. Sold some at one point and used the gains to exercise other contracts. Everything beyond the 53k is from reinvesting profits
ETA I’m specifically referring to his position in 2021, we really don’t know where the money to purchase another 4.2 million shares and 120,000 call options comes from because he only just updated for the first time in 3 years
the SEC investigated him last time won't be surprised if they do again. last time his defense was pretty rock solid since he was verifiably the first to actually "like the stock". this time I don't really see how it's not market manipulation.
How is it not market manipulation when CNBC have someone on to talk about their stocks or even short positions?
You can find hundreds of these clips just by googling
[https://www.cnbc.com/video/2024/05/08/heres-why-short-seller-spruce-point-capital-is-betting-against-boot-barn.html](https://www.cnbc.com/video/2024/05/08/heres-why-short-seller-spruce-point-capital-is-betting-against-boot-barn.html)
His last update in 2021 he had 200k shares (800k with the 3-1 share dividend)
He now has 5m outright and 120k contracts lol.
Edit… just adding in for those that may only see the media narrative.
GameStop is FY profitable.
AGM is in the next couple of weeks.
They have $2b cash in the bank.
The only debt they have is a $30m French Covid low interest loan.
There is amazing new product lines coming out like the new house customizable CandyCon controllers.
25% of the entire company owned in book form off market by small retail investors from all over the world.
Ryan Cohen CEO & chair takes zero salary and both him and board continue to buy shares putting their own money on the line.
Edit 2. Also forgot getting into the graded collectible card business, trade, buy & sell. Ie. Pokémon, MTG etc etc.
Their most recent filing from March says this:
Long-term debt remains limited to a low-interest, unsecured term loan associated with the French government's response to COVID-19.
https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-year-2023-results
No, people who think gme will make a comeback only talk about things other investors get excited about and nothing the company is actually doing lol.
The only big move the company made was trying to become an NFT exchange lol
yeah almost like he learned how to play a bunch of idiots, pump the stock whenever he wants, and profiting.
all he has to do is buy some options, post a meme of an orangutan smelling it's finger and passing out, and the stock goes up 25% and he can sell and make millions. any time he fucking wants. cause he has a million gullible morons on call, ready to hold the bag so him and his friends can get rich
and then you have bullshit articles like this, that came out at.. what? 2 in the morning? way, way before the market is open. the shares surge? it's 2 fucking am.
it's 1020am now. the stock is up to 30 from 22 on friday. it was up to 45 pre-market and came crashing back down under 30 almost immediately after market opened. and after all the meme morons buy more and pump the stock so he can make another couple million, he will sell off and y'all will froth about how, one day, it'll go back over the 30 you bought it at today, and then you will all be trillionaires
He pumped and dumped it? You'd have to sell the stock to dump it. You think a single retail investor could pump the price 40% in the overnight market and drop it 20% during market hours single-handedly? He kept adding positions these past 3 years, he double down twice and has a ton of options coming up. I'm pretty sure he'll keep buying Gamestop stocks and doesn't have an exit strategy.
Look at the traffic on this stock and tell me it’s ‘morons’ affecting the price.
Like you even say yourself the price surged pre market (which it did, up 93%) but for some reason it’s still retail’s fault.
Lmao you actually think a tweet of a meme increases a stock for 25%??? Jesus… I hope you don’t invest much 😂 .
Also… in a pump and dump, you gotta sell, DFV didn’t sell shit even during the sneeze. Man you gotta work and think a little harder lil bro 😂
I know some folks have made more money in trades…but have they ever done it with only a $50k starting position? Swear to god this is the greatest trade of all time. Hope he gets a billion.
You could be right given the amount of people interested in trading this particular stock, but you can’t possibly know that without seeing volume
1,000 transactions of < 10 shares can easily change a pre-market value of a random stock
Over 30 million shares traded premarket today. Normal daily volume was 3-5 million for the past 2+ years.
Now well over 50 million shares exchanged, with a float of perhaps 100 million.
What we are here is crime, specifically wash trading and order book spoofing, along with market makers printing synthetic shares from thin air, using married call/put positions to generate infinite synthetic liquidity.
It's crime, not retail, driving this surge.
I don't get how people can dedicate their lives to working a job 5 days a week for decades, but cashing out everything you have and staring at Twitter until RK/DFV drops something is too hard
It was 18.50 last week lol. I made 3x on just trades this month. People have made so much money of the boom and bust nature of gme. It won't ever go back to $4 a share but there is literally always an opportunity to make money on gme.
Did you, or anyone going long on GME last week, have any tangible reason to believe the price would spike *this* week? If not, then that’s not a savvy investment; it’s a lucky gamble.
This is the thing. MSN loves to say stuff like “retail buys GameStop after DFV posts his position” yet the massive moves are made when markets are closed where the **vast** majority of retail does not and can not trade
Oh yeah I definitely understand that institutional market is moving this along. I just always wondered where the hell retail traders were executing a trade at 9 PM PST on Sunday lol
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Hold for what? Revenue is declining, they're closing stores left and right, and RC is fucking moron with no clue how to make use of the $2B you dumb apes gave him. You think some shitty, overpriced white label controllers that don't even work on consoles are gonna turn things around?
I genuinely hope this guy becomes a billionaire with his GME investment. He will do a lot more good in this world with that kinda money than many other billionaires.
Doubt he’s all in gambling with 200m. The guy probably has a lot more. There’s no telling what he’s done the last 3 years, not to mention the money he made by pumping it to $80 a couple of weeks ago. For all we know he made a billion then
I remember that someone from his town mentioned that he’s building a gym and a new track and field course for his community since he used to be a runner.
He single-handedly saved so many small businesses from the jaws of SHF’s by making them close their positions and fear opening new ones. This time round I doubt there won’t be anti-parasitic short rules coming out
The SEC document said the Jan 2021 run up was a gamma squeeze and no significant short positions were closed. If there's a short squeeze on the cards it ain't happened yet
That’s assuming nobody closed out their position between then and now, conventional wisdom says you should not hold short positions over long periods or the ctb fees wipe out any profit you might have made.
So this Roaring Kitty dude sends the internet into a frenzy by posting an update, GME almost doubles in price at market open, he sells all his calls and makes a truckload of money and then the stock comes back down.
Is that not what happened today? I'm ignorant of a lot of this stuff so please correct me if I'm wrong.
What proof of any of this do you have? His most recent update shows he's increased his position by 6x.
You realize at this point he doesn't need to sell a thing, he can simply put up his shares as collateral for loans like any other big player does.
It's being brigaded by apes. This is newsworthy, and there's money to be made of you get in and out quick, but buying and holding stock in an extremely overvalued dying video game pawn shop like the apes claim to do is fucking idiotic.
too bad retail purchases can't move share price because everything is sent to dark pools and OTC. so, as usual, this is not retail affecting share price.
Hopefully you apes are smart enough to cash out while you're green instead of holding your bags until it crashed back down to $20 again next week.
Ah, who am I kidding. If you were smart enough to do that you wouldn't be apes in the first place.
The only real thesis behind this is one that doesn’t really have much basis to me.
It’s the “Shorts never closed over 3 years ago thesis,” the problem is that it’s incredibly sketchy for the simple fact that 2022 was 12 months of brutality in stocks. You’d think if there was something there, you’d have seen short covering then.
Didn’t, so the thesis is as dead as a doorknob. Doesn’t mean that you can’t still see pumps though.
Exactly. And people need to realize the PE ratio means that you are paying $1,400 to receive $1 in gains. The only reason people accept higher PE ratios is with the idea that future revenues will significantly increase. I’m curious what investors are thinking GME has up its sleeve to justify the current PE ratio
IDK why ppl keep falling for this. He buys a position, announces it, and a bunch of retail traders start pouring in causing his wealth to rise.
He doesn’t even need to sell his portfolio to benefit, if it’s that large he can get approved for large loans and use that as spending money while keeping his GameStop stocks as collateral.
It’s been 4 years, and there is no grand epic-scale short squeeze.
The short squeeze already happened ages ago when all the meme traders inflated this stock.
Bro I remember when he did his yolo? Like wasn’t it like 20k 😂 he made out like 17m the first time. He’s over 210 million dollars ?! Good lord. This guy.
His original trade was $50k. At it's peak (after he doubled down like five times and bought a shit ton of calls) I believe his entire portfolio ran to about $46m: [https://www.reddit.com/r/wallstreetbets/comments/l846a1/gme\_yolo\_monthend\_update\_jan\_2021/](https://www.reddit.com/r/wallstreetbets/comments/l846a1/gme_yolo_monthend_update_jan_2021/)
Thanks I couldn’t remember if it was 20 or 50
That shows 50k shares at $15. $750k investment.
That's becuase its a screenshot of the peak of his gains in January 2021. He added to his position over time, rolling his gains into more calls and adding shares in 2020, resulting in that position worth about $47m. His first ever post was back in 2019: [https://www.reddit.com/r/wallstreetbets/comments/d1g7x0/hey\_burry\_thanks\_a\_lot\_for\_jacking\_up\_my\_cost/](https://www.reddit.com/r/wallstreetbets/comments/d1g7x0/hey_burry_thanks_a_lot_for_jacking_up_my_cost/) He bought 1,000 calls at a value of $53k at the time.
How the heck did he get to 200M
That’s after taxes. He got to like $400 Million lol
He was trading in a Roth IRA if I remember correctly.
Damn, if that's true that is so G. Imagine in a couple years he owns the company in his Roth account.
The idea of this made me laugh more than any reddit comment today
Selling call options.
I did some fuzzy work on it last night. He could have sold iron condors at .2 and .0002 delta and made around 300k a month with the IV being so high. That's starting with his 30 mill position, keep building and selling condors, and the risk is low at that delta. In 3 years, it works out about right since the growth is exponential. It's easy to make money when you have money.
X2 on this, the first hundred k is the hardest, if someone is able to turn $10,000 into $100,000 especially if they do it over the course of a few years and thousands of trades, that person almost certainly will inevitably become a millionaire
>It's easy to make money when you have money. He threw $50k at this initially yeah? This is nuts. $50k is a very small amount of money ultimately.
Sounds easy when you put it like that but in reality he was live streaming for hours and hours a day for over a year only talking to 4 subscribers in the beginning. He worked hard to create a movement.
Not everyone has 50 to throw at a gamble.
Did he get anything from that GameStop movie? I didn’t watch it but it seemed pretty biographical from the previews, don’t people usually get compensated for the use of their life story?
He bought 53k worth of call options for an average of like $10 per contract. Sold some at one point and used the gains to exercise other contracts. Everything beyond the 53k is from reinvesting profits ETA I’m specifically referring to his position in 2021, we really don’t know where the money to purchase another 4.2 million shares and 120,000 call options comes from because he only just updated for the first time in 3 years
From 53k to 20m something, then 3 years in the shadow. Now 210m+ of positions.
Prob more like 500 mill positions at open today.
he probably made 200m a few weeks ago on options when he started his tweeting
This is likely
Is that even legal? Basically pumping and dumping
He just did another pump today and will eventually dump those options for millions in profit. He'll probably get away with it
Posting random memes isn't illegal. He made no mention of GME in his tweets.
Even if he did, so what? Can't talk about a stock now?
Only Jim Cramer can talk about stocks /s
Exactly. These people and institutions crying about this are sad.
the SEC investigated him last time won't be surprised if they do again. last time his defense was pretty rock solid since he was verifiably the first to actually "like the stock". this time I don't really see how it's not market manipulation.
How is it not market manipulation when CNBC have someone on to talk about their stocks or even short positions? You can find hundreds of these clips just by googling [https://www.cnbc.com/video/2024/05/08/heres-why-short-seller-spruce-point-capital-is-betting-against-boot-barn.html](https://www.cnbc.com/video/2024/05/08/heres-why-short-seller-spruce-point-capital-is-betting-against-boot-barn.html)
Because CNBC doesn't have someone go buy 120k calls and then go out and tweet about it to drive the price up.
His last update in 2021 he had 200k shares (800k with the 3-1 share dividend) He now has 5m outright and 120k contracts lol. Edit… just adding in for those that may only see the media narrative. GameStop is FY profitable. AGM is in the next couple of weeks. They have $2b cash in the bank. The only debt they have is a $30m French Covid low interest loan. There is amazing new product lines coming out like the new house customizable CandyCon controllers. 25% of the entire company owned in book form off market by small retail investors from all over the world. Ryan Cohen CEO & chair takes zero salary and both him and board continue to buy shares putting their own money on the line. Edit 2. Also forgot getting into the graded collectible card business, trade, buy & sell. Ie. Pokémon, MTG etc etc.
🙀
Didn’t they payoff the French Covid loan according to the last earnings report?
Thought they still had it. Could be wrong
Well if they still have it, I’m buying more and if they don’t, I’ll do the same.
Their most recent filing from March says this: Long-term debt remains limited to a low-interest, unsecured term loan associated with the French government's response to COVID-19. https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-year-2023-results
Maybe some came from the movie rights he got from Dumb Money and investing those millions right. He was a finance guy.
You have a very optimistic view of the price of “movie rights”
But, how does this address the structural weakness of a brick & mortar store for a primarily digital first industry?
Idk when I go outside and drive around I see brick and mortar stores everywhere.
Big if true
Kids need a place to hang out. GameStop Cafe would be a nice avenue; like a modern arcade but with other incentives for hanging out.
GameStop cannabis dispensaries.
Mm-hm. And have they indicated any plans to do this? Because if not, it makes no sense to use it as a basis for any financial decisions.
No, people who think gme will make a comeback only talk about things other investors get excited about and nothing the company is actually doing lol. The only big move the company made was trying to become an NFT exchange lol
Which their own filings admitted had no material effects on the business, as I recall.
No material effect? I’ll have you know it made like $100 a day in revenue!
Any thought how he increased it from 200 to 5m without significant liquidity?
No freaking clue… my first thought was that it wasn’t legitimate but wow, just wow. He’s a smarter cat than I’ll ever be
I don't know if he did "make it out". I don't think he ever left
At some point….money comes in automatically
yeah almost like he learned how to play a bunch of idiots, pump the stock whenever he wants, and profiting. all he has to do is buy some options, post a meme of an orangutan smelling it's finger and passing out, and the stock goes up 25% and he can sell and make millions. any time he fucking wants. cause he has a million gullible morons on call, ready to hold the bag so him and his friends can get rich and then you have bullshit articles like this, that came out at.. what? 2 in the morning? way, way before the market is open. the shares surge? it's 2 fucking am. it's 1020am now. the stock is up to 30 from 22 on friday. it was up to 45 pre-market and came crashing back down under 30 almost immediately after market opened. and after all the meme morons buy more and pump the stock so he can make another couple million, he will sell off and y'all will froth about how, one day, it'll go back over the 30 you bought it at today, and then you will all be trillionaires
He pumped and dumped it? You'd have to sell the stock to dump it. You think a single retail investor could pump the price 40% in the overnight market and drop it 20% during market hours single-handedly? He kept adding positions these past 3 years, he double down twice and has a ton of options coming up. I'm pretty sure he'll keep buying Gamestop stocks and doesn't have an exit strategy.
Look at the traffic on this stock and tell me it’s ‘morons’ affecting the price. Like you even say yourself the price surged pre market (which it did, up 93%) but for some reason it’s still retail’s fault.
Lmao you actually think a tweet of a meme increases a stock for 25%??? Jesus… I hope you don’t invest much 😂 . Also… in a pump and dump, you gotta sell, DFV didn’t sell shit even during the sneeze. Man you gotta work and think a little harder lil bro 😂
I know some folks have made more money in trades…but have they ever done it with only a $50k starting position? Swear to god this is the greatest trade of all time. Hope he gets a billion.
That could happen today. It’s at $43 pre market
And some of us are in too
ΔΡΣ
DRS GME NFA 🫡
Doesn't really mean anything if he can't liquidate it all
They sold 45m shares and price didn't budge down... He can easily liquidate
"What's an exit strategy?"
that they printed lol. they didnt market sell
This is only the beginning, wait til his 6/21 options
Legend
Sweet jesus
Sweet Jesus indeed
hello mr historian
I am gonna go back in my box 📦 one moment
Ayo
Sweet liberty my arm!
Retail isn’t generating a 50+% jump pre market. This isn’t cult followers dumping in their life savings.
Nah, that’s an institutional or more likely some hedge fund going long to squeeze the shorts a little.
Or more likely an institutional investor that trades on market sentiment rather than fundamentals.
Far more likely momentum algorithmic trading.
[удалено]
Always remember folks, institutions love to fuck over rival institutions. When they smell blood, they smell $
You could be right given the amount of people interested in trading this particular stock, but you can’t possibly know that without seeing volume 1,000 transactions of < 10 shares can easily change a pre-market value of a random stock
Over 30 million shares traded premarket today. Normal daily volume was 3-5 million for the past 2+ years. Now well over 50 million shares exchanged, with a float of perhaps 100 million. What we are here is crime, specifically wash trading and order book spoofing, along with market makers printing synthetic shares from thin air, using married call/put positions to generate infinite synthetic liquidity. It's crime, not retail, driving this surge.
I definitely understand this comment.
Not when the majority (almost all) of retail trades on the buy-side are routed off market.
If they are routed off market then they wouldn’t be affecting either the price or volume you can see
Never left
Most of the retail investors never left, most increased their positions and DRS’d.
*hand raise*. "present" 😊
A-aron?
Exactly! People think that May 2021 when the price plummeted it was because of retail leaving. No chance.
Correctamundo
This 🫡
If he's still in, I'm in.
That's unfortunate because your savior did. Multiple times in fact.
I don’t have any gme stock or options. Now what to do? Did I miss the rally?
This thing is just getting started.
You did not miss, DFV calls expire Jul 11th Edit: June 21st
June 21st*
Now you buy.
I don't get how people can dedicate their lives to working a job 5 days a week for decades, but cashing out everything you have and staring at Twitter until RK/DFV drops something is too hard
damn who knew it was that easy.
Depends on if you believe the conspiracy theory. I personally do so I've bought at every price over the past 3 years and still feel confident.
If you’re hearing about a market movement on Reddit, yes, you’re too late. For GME specifically, you’re about three years and five months too late.
It was 18.50 last week lol. I made 3x on just trades this month. People have made so much money of the boom and bust nature of gme. It won't ever go back to $4 a share but there is literally always an opportunity to make money on gme.
Did you, or anyone going long on GME last week, have any tangible reason to believe the price would spike *this* week? If not, then that’s not a savvy investment; it’s a lucky gamble.
It will come down during the day I think
I'm thinking DFV is a billionaire before the week is over. (as of pre, the underlying value of the calls is already 250 million.)
Personally don’t care if it comes down or not. Last time I started at $350.
He might be a billionaire at open with to new open interest
The intrinsic value of his positions is 1 Billion when GME is at $73. Absolutely nuts
These OTM contracts are going to open at $10+
We’ll see
Earnings call is next Tuesday
Has it surged though?
+93% in the premarket
Haha, ok, that's a surge all right.
Where do yall trade pre-market? I can’t trade until 7AM EST with Schwab.
This is the thing. MSN loves to say stuff like “retail buys GameStop after DFV posts his position” yet the massive moves are made when markets are closed where the **vast** majority of retail does not and can not trade
Oh yeah I definitely understand that institutional market is moving this along. I just always wondered where the hell retail traders were executing a trade at 9 PM PST on Sunday lol
Interactive Brokers allows premarket trading
20 percent lmao
60% already in German market. 6-8 years worth of a “good” % return somewhere else in an hour
Mine is at 100% now but when I wrote it was just a few points. I'm here for it
That’s only if you time your exit well. I don’t think the GME apes are smart enough to actually have an exit strategy to make $$$.
Don't worry, in their minds this is the beginning of a 1,000,000% gain, and they have no exit plans until one share makes you a millionaire lmao
I love this shit.
He’s gonna be a billionaire off GameStop 💀💀
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Is it still a buy at open?
Was a buy 3 years ago, was a buy Friday, is a buy at open.
The only moment when it was not a buy was when they turned off the buy button. Otherwise you are damn sure it's a buy
Which time? Cause someone turned off the buy button today, three weeks ago and three years ago
Yes, buy high sell low like every one.
I learned my lesson already i aint going in for a second one
It's a buy and hold. If you plan on making a quick buck you'll only get burned.
Hold for what? Revenue is declining, they're closing stores left and right, and RC is fucking moron with no clue how to make use of the $2B you dumb apes gave him. You think some shitty, overpriced white label controllers that don't even work on consoles are gonna turn things around?
We’re so back
I genuinely hope this guy becomes a billionaire with his GME investment. He will do a lot more good in this world with that kinda money than many other billionaires.
He's close now in pre market. Somewhere between $50-60 he will be a billionaire
Insane, from his original investment, his original thesis, to speaking in front of Congress, and now going all in again. Absolute legend.
Doubt he’s all in gambling with 200m. The guy probably has a lot more. There’s no telling what he’s done the last 3 years, not to mention the money he made by pumping it to $80 a couple of weeks ago. For all we know he made a billion then
> pumping it to $80 a couple of weeks ago When exactly was this $80 pump? I see a 90 day ATH of $48.75.
Omg. This is awesome. I root for him harder than I do for any sports team, lol.
It's absolutely insane to think about
same
Sorry what good has he done?
I remember that someone from his town mentioned that he’s building a gym and a new track and field course for his community since he used to be a runner.
A... runner, you say?
Hey, like this chick I used to know. What was her name?
Her name was Lola, she was a showgirl..
He single-handedly saved so many small businesses from the jaws of SHF’s by making them close their positions and fear opening new ones. This time round I doubt there won’t be anti-parasitic short rules coming out
lmao I genuinely can't tell if you're serious
Lead the GME community against corporate banks. I hope he continues his trajectory
How is that doing good?
He's done nothing with his millions in 3 years
How would you know?
Well he's using it now to generate another hype wave that will make him even more money and his followers less money. Great guy!
Is there still something to win or is it too late?
The SEC document said the Jan 2021 run up was a gamma squeeze and no significant short positions were closed. If there's a short squeeze on the cards it ain't happened yet
That’s assuming nobody closed out their position between then and now, conventional wisdom says you should not hold short positions over long periods or the ctb fees wipe out any profit you might have made.
You under estimate the stupidity and greed of hedge funds.
Wait until you hear about retail investors
Ctb waivers. Everyone is in the burning ship even the lenders.
lmao, hasn't had a real squeeze yet
It's fuck time!! 💪
No cell, no sell
His calls must be now at least 25$ pff, guy must have 0.5B$ by now :D :D
So this Roaring Kitty dude sends the internet into a frenzy by posting an update, GME almost doubles in price at market open, he sells all his calls and makes a truckload of money and then the stock comes back down. Is that not what happened today? I'm ignorant of a lot of this stuff so please correct me if I'm wrong.
Nope, he posted a position update at market close today in the sub that can't be named. He hasn't sold shit.
He left his job 3 years ago when this whole thing first broke. He has most definitely sold shit.
What proof of any of this do you have? His most recent update shows he's increased his position by 6x. You realize at this point he doesn't need to sell a thing, he can simply put up his shares as collateral for loans like any other big player does.
Madlad
Can’t stop. Won’t Stop. GameStop. LFG GME 🚀🚀🚀🚀🚀
Kowalski, analysis!
I bought more. Lol.
A lot of people are gonna lose their asses buying in after this jump, mark my words
And any mention of gme on this sub would have you downvoted, oh how the music is changing
It's being brigaded by apes. This is newsworthy, and there's money to be made of you get in and out quick, but buying and holding stock in an extremely overvalued dying video game pawn shop like the apes claim to do is fucking idiotic.
Jesus I love him
If this isn't stock manipulation, I don't know what is.
Literal pump and dump
I want to touch his red headband, even for just a moment
What is an astronomical but realistic price range this could hit in the greatest squeeze of all time? Could someone really cash out at 50k a share?
too bad retail purchases can't move share price because everything is sent to dark pools and OTC. so, as usual, this is not retail affecting share price.
He made another a bit over an hour ago. Lfg.
Hopefully you apes are smart enough to cash out while you're green instead of holding your bags until it crashed back down to $20 again next week. Ah, who am I kidding. If you were smart enough to do that you wouldn't be apes in the first place.
P/E ratio of almost $1,400… unless GameStop gets into and becomes a big player in the AI train, I don’t know how this is a good long-term entry point
The only real thesis behind this is one that doesn’t really have much basis to me. It’s the “Shorts never closed over 3 years ago thesis,” the problem is that it’s incredibly sketchy for the simple fact that 2022 was 12 months of brutality in stocks. You’d think if there was something there, you’d have seen short covering then. Didn’t, so the thesis is as dead as a doorknob. Doesn’t mean that you can’t still see pumps though.
Exactly. And people need to realize the PE ratio means that you are paying $1,400 to receive $1 in gains. The only reason people accept higher PE ratios is with the idea that future revenues will significantly increase. I’m curious what investors are thinking GME has up its sleeve to justify the current PE ratio
He's now a pump & dumper
It’s gonna be wild if he dumps and leaves everyone with bags
IDK why ppl keep falling for this. He buys a position, announces it, and a bunch of retail traders start pouring in causing his wealth to rise. He doesn’t even need to sell his portfolio to benefit, if it’s that large he can get approved for large loans and use that as spending money while keeping his GameStop stocks as collateral. It’s been 4 years, and there is no grand epic-scale short squeeze. The short squeeze already happened ages ago when all the meme traders inflated this stock.
and your guys going to make him richer.
I sold Friday at the close 🥲
Good job man!
Why?
The delusion in this thread is wild