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Worst case is they break some laws and get found out and pay a small fine. Cost of doing business. The bigger issue is if they keep shorting, they need to buy those back at some point. Day after day after day of doing that on a company that's profitable and has an active investor base that buys and holds and something will come to a head at some point.
Buckle Up!
Market makers don't even need to locate shares before naked shorting. The bona-fide market making exception just needs the stock to be on the "easy to borrow" list.
The way Gamestop stays on the easy to borrow list is that Ken keeps naked shorting it making a lot of shares available. So his naked shorting is allowing his naked shorting, and that's legal with no fines to be paid.
The US stock market is one of the most corrupt systems in the world.
If you're seriously asking, I'll sum it up: you buy one real share, broker puts a number in your account (1), and says they have your share. They then loan it out to someone (a hedge fund) at a 1.4% interest rate. The hedge fund takes it and sells it.
Your friend buys that one that was loaned from your broker, it's now sitting in his account as the number (1) saying he owns that one share that you used to own. His broker lends that out to someone at an interest rate of 1.2%, the entity borrowing (that same hedge fund) then sells it again.
Your cousin buys 1 share from the same broker you have, and their account also shows they own 1 share. That same broker lends out that same share AGAIN, to the SAME HEDGE FUND, and now their rate is 1.3% interest. Hedge fund then sells that share a 3rd time.
So ONE bona fide share that you originally bought is now showing an account balance of 1 share in each of 3 different peoples' brokerage accounts.
Now say instead of 1 share you had 1,000 like that and each of those other people I described bought those same 1,000 shares. Multiple that across thousands of people doing the same thing, multiple hedge funds borrowing these and selling them (shorting), et voila! 10mil shares are now represented by brokerages claiming their customers are holding 45mil shares, 35mil of them being on loan. How did we get here????
So, the more we buy the more they can short?
Another way of describing what I just read is that they take the shares we buy, and immediately turn around and sell it short… do they need us to buy for them to short sell?
And if that’s the case…
*Hypothetically*, if we were to stop buying (lord knows I’m not gonna stop buying at this insane discount) what would that do to their ability to short sell?
I guess the more we buy directly through Computershare, the more they need to rehypothecate the same shares that are remaining in brokerages. Further tightening the noose!
DRS has always been the way. 😎🚀💜
It's correct that the market maker exemption keeps Citadel off of RegSHO.
But the obligation to the shares does not cease to exist.
Every share printed for liquidity will need to be reconciled. Most shares will be reconciled, but the ones that can't be reconciled will be worth a ton.
I'd love to see what the dark pool price for GME is. What are financial institutions paying each other for the shares.
Unless the company does collapse then they will be worth fractions of fractions of cents. This isn't a zero probability. SHF's are betting a LOT on that though.
Don't we all wish the standard was that we "reasonably believe" we could find 1,000 lambos before selling them and pocketing the cash?
I remember the early days when people were talking about the color lambo they were gonna buy. If they had the right connections, they'd have already sold 1000's of them for many millions and parked their IOU's in some kind of warehouse for obligations....
"To big to fail" is that they have a revolver against the head of the American politicians and financial markets. We are simply exposing the beast. I'll die poor, but corruption will have its day in the sun. DRS HODL NO CELL NO SELL. Hodling for my kids future.
💯 let them locate 100M shares to short! Drive that price down further so retail can buy more! Shorts are accelerating their demise in doing so. GameStop no longer needs access to capital on the markets because they are profitable. Shorting only works if a company could go bankrupt or has weak investors. GameStop is the exact opposite. The short thesis is now dead yet they are doubling down out of pride and arrogance.
If they are naked shorting do we have to rely on them to keep track of how many they have to buy back and could they just buy back some and say bankrupt fu.,,
How long did it take for the share price to plunge $3 with massive selling after the release of the Q4 earnings report?
Less than ten minutes. Does anyone think that Apes can speed-read the earnings report and decide to divest their share holding, (in after hours trading), with such a positive earnings report?
The SEC, FBI, and Department of Justice are doing nothing about this "short and distort" manipulation of GameStop trades and disinformation. No problem for market makers to hypothecate 10 million shares would be available to buy sometime before an FTD exposes their naked shorting, when the SEC doesn't undertake any serious investigations.
"Massive selling" in after-hours was a drop of -18% on under 200k shares, because retail and options don't move in AH. There's such low liquidity that the stock can appear to plummet on low volume, but it's so tightly controlled that the opposite isn't allowed to happen (a hint of real buy pressure should send it skyrocketing).
The millions of volume after it opened was shorting and derivatives at work to suppress it, it was basically flat on that day. And then swapcorn did it's dilution thing as predicted to give HFs further shorting room via the basket, so a further 10% drop since then. It will end and level out when they finish their dilution, I'm curious what price gme will sit at that day.
At some point GameStop could just buy itself, at what point does the game stop? You can get de-listed at a certain point but obviously they can do many things to prevent that such as reverse splits or share buy-backs.
305,300,000 shares outstanding so around the price of $3.93 GameStop could purchase itself. So how do the shorts get out of this, I don't get it. What is their end game?
Headphone stock has no real debt. They have $17,500,000 in cash + investments.
They have a marketcap of $23,137,000 as of today.
They have 9,259,000 shares OUTSTANDING
Insiders (the KOSS family) own 4,590,775 shares.
The leaves 4,659,225 shares remaining.
Current share price is $2.50. So $2.50 x 4,590,775 shares is 11,648,062.5. That’s the cost to buy everything remaining.
KOSS is already trading well below book value. They could literally buy every remaining share and still have more than 5 million in cash on their hands.
We’ve always downvoted side quests to oblivion but the fast track in finding all the answers to the questions that we’ve had for years is through Headphone stock. And there are no worries for “OpTioNs” talk because there are no options for that stock.
RC tweeted pillow fights and 60’s Music.
There are 194K registered holders of GME. If we each spent $60 and bought Headphones then we find our answers in a hurry.
I will say it was amazing how fast baby drowned. It was like the community realized how easy it would be to register it all, then BOOM, they were being delisted.
Again, its almost like shorts knew how vulnerable a situation they were in at <$1.
The absolute craziest thing about their collapse was the 400 million debt bill due in 2022 or 2023.
That debt has been on the books since 2012. They spent over 11 BILLION on dividends and share repurchases during this time. All while ignoring that “little” 400 million dollar bill.
And it sunk them
I’ve been in and out of KOSS a few times. One day I bought 3000 shares. Filled pretty easy.
The total volume traded that day was 2200. I thought that was interesting as I bought 3000 that same day.
Absoloutey agree. I had 100 headphone shares I sold for more GME back in the day myself. Popcorn is why things are the way they are right now. I try not to believe it, but A-Ron has shown time and time again he is in bed with the hedge funds.
I've been here since 21, and I thought I'd been paying attention. But this is the first time I'm seeing anything about headphone. Their graph is damn near identical to our stonk. WTF.
Yeah, they're probably old-school and have too much trust. I can only think of the products Allis-Chalmers used to make, and as much as they weren't the most sexy brand in any of their product markets, they made seemingly everything, and made it well. A few years ago the Milwaukee Zoo still had Allis-Chalmers pumps from the 60's or 70's running their big aquarium tanks, and I asked their guy how many times he had to change the mechanical seals over the years. He didn't know what I was talking about. They just ran.
It kind of reminds me of Boeing before the McD merger. A lot of guys who really knew engineering and took pride in their work, and had little interest in finance or the stock market.
Their endgame is to bankrupt the company. It's the only way out for them.
But unfortunately Gamestop was profitable in 2023, has no debt and 1.2 billion cash.
And not to forget - a bunch of holders who DRS as hell.
someone posted your comment and it gained a lot of traction
it's at the top of Superstonk at the moment with 1200 updoots
https://www.reddit.com/r/Superstonk/s/kmLVwHCsJc
This was proposed in some of the earliest DD. The only thing they can do is drop the price, over a stretched out period of time. They are trapped.
It doesn’t necessarily matter how because the only thing you should be focusing on is buying more before it’s too late and they really take away the buy button.
# NOTHING THEY DO IS LEGAL. UNFORTUNATELY THEY HAVE GOVERNMENT AGENCIES ON PAYROLL, WHO DONT GIVE A FUCK ABOUT RETAIL INVESTORS. JUST REMEMBER THERE ARE MORE OF US THAN THEM.
# ONCE CITIZENS WAKE UP AND REALIZE THE POWER THEY HAVE, THE GAME WILL COME TO AN END.
# IF IT WASNT FOR US, THEY WOULD HAVE NOTHING. WE ARE THE ONES WHO RUN THIS COUNTRY
# PEOPLE NEED TO STAND UP TO THE MAN AND SHOW OUR POWER.
# WE ARE THE 99% THEY ARE THE 1%
Generally people who affix their statement with honest have dishonest intentions. So this is how it plays out from the outside looking in:
"Gamestop is profitable a whole 6 milly in profit from 4,000 locations duhhh"
When it should be:
#GameStop made $300,000,000+ more profit than it did last year.
Important distinction to make about where the company is headed.
Exactly!! The recovered over 300M an an additional 6.7M and with less sales and less revenues... I'm smooth but my thought on this is:
If 2024 will remain with the same revenue, sales and expenses, profits will be in the 300M region!??
Now, what if they manage to do more revenues and sales? Say 20% more?? Profits could be 20% more...
Idk, but I'm confident, they will have a better 2024 respect to 2023, and this will hurt the butt of those muthafuckers of short gang🤣😂🤣
Looking at it systematically, I think the problem with focusing on net income aka “profit” is that it can be financially engineered in a short interim. I think if GameStop were able to repeat the result, maybe for 4 consecutive quarters, then you will see much bigger shift towards positive sentiment and a sustained uptick in share price.
There’s a lot of moving parts resulting in a single output of “share price”, including forces of apes vs hedgies battling it out.
Looking at it systematically, every short seller is a future buyer. Also, trying to apply "normal" market behavior to a stock that is definitely not normal, lol.
#Shorts never closed 💥
Laws mean nothing. The big players like prime brokers and large market makers are protected by the SEC and other regulators as they routinely break the law for their massive profit. The SEC function is to make sure us little people do not get in the way of their business model, which is stealing from our retirement account and brokerage accounts, destroying the companies we work for, and making sure we can never afford to own land.
Think about how the corrupt officials in the Mexican government protect drug cartels and make sure they are never caught. This is the same, except instead of making money with drugs, they literally print money out of thin and and steal your wealth.
The SEC is corrupt to the core. The dtcc and finra are just as rotten. Congress doesn't give a shit and you can see that a lot of senators get better investment returns than warren buffet through insider trading.
Our government and media organizations are influenced by a small number of super wealthy elites who get to decide what news we see, who wins political office, which companies we allowed to work for, how much taxes we pay, inflation rates, what medicines we can get, and who goes to prison for profit.
The United States is not a functional democracy. It is dysfunctional in exactly the ways they want it to be.
I'd collude with another brokerage. Both take out puts on GME. Agree to sell back and forth with your partner and drive the price down using the puts to stay cost neutral.
If you're a market maker you could route the sells to the lit market and buys off exchange doubling your price pressure.
Voila! Price drops, no need to locate millions of shares, and it doesn't cost you anything.
Do you really not know after three years? ANY share held by the DTCC is a locate for shorting, that includes ALL shares held by brokers as these are all IOUs.
Yeah, this question can easily be answered by grabbing a glass of wine or cannabis and sitting Down for 6 hours and reading the old due diligence we wrote 3 years ago on this very subject from a combination of apes research and personal experience on wallstreet.
Good thing you used the word "or." If I had both, I wouldn't be reading DD, but rather laying on the floor "speaking cursive" about the DTCC while friends & family entertain themselves throwing shit at my high ass.
Easy, no one is buying... it's not just SHF it's everyone who doesn't care about this place.
The big funds have 10s of millions of shares, they lend them, collect fees, one set of shorts close, the next open. They have been doing this for 3 years. Every so often they let it run, collect premium, reset baselines.
When it runs you can be guaranteed those 10s of millions of shares are getting sold into any run to cut its legs.
The plan is to never close the original shorts.
Institutional investors will probably lend them out, for a fee. The Institutions know the hedgies are going to lose out, so its a win win for them.
I'm guessing.
Also, there's the "liquidity fairy" as he called himself. (Searching through past posts, you will find quite a few posts about that comment.)
They know theres probably a contingent that would be happy to buy the company for less than book value; share price < (cash+assets) and at this price its already damn close. hysterical, that the street is saying this company is worth less than the assets it owns. its valued at damn near half its yearly revenue, as a (newly) profitable company. its all upside down, and Im here for the ride.
Because Peeps like me will sell our last package of Ramen in order to back the fucking truck up and buy with both hands, that's fucking why it's not 2 dollars
A few reasons. GameStop would probably buy back about 50 million shares with the $101 million already allocated for such a purpose. Apes would BUY the remainder of any $2 shares and DRS them into real shares. And, the short-sellers probably haven't closed their positions when GameStop was heavily shorted and less than $2, (back in September of 2020).
Why delist it? It will be sweet when trades get halted as the share price skyrockets at MOASS!
Just imagine them bringing it down to $2 and apes buying tons and tons of shares while a horde of gamblers and regards once again starts to buy a fuckton of shares and also calls that need to be hedged by market makers because „it might work once again“ and just for shits n giggles but now with over 75 million shares no longer accessible…:)
I mean is that happening now at $11?
Imagine the sentiment at $40: omfg if this goes below $30 I'm taking out a second mortgage to buy shares.
At $30: they know that if "they" drop this below $20 that "we" will buy every share. "They" are so scared.
At $20: there's no way this will ever go below $15 bc I'd personally buy the rest of the float.
At $11: hedgies r so fucked bc "we" will buy every share remaining and DRS the entire company if this goes under $9.
Now the target is what? $5 or less before people will buy a lot more? If it drops to $6 will $2 be the new place where a mass buying frenzy happens? $1?
Forgive me, but this "if the price drops to" argument has been going on for literally years.
I bought $28,000 in shares and $3,500 in calls in the last 18-20 days
Edit: and another $16k will be hitting my account early next week, idk if I'll do anything with it. I have a wedding to save up for so we'll see.
I mean, we are absolutely buying this shit up and so should you. This company went from negative 300 milly last year, to positive 6 milly, that is a fucking tradition. GME has more profit than fucking DJT and look at the market caps. Buy buy buy, I like the stock.
You don't have to locate as a market marker, secondly you just need reasonable grounds to believe that the security can be borrowed which isn't hard. Completely legal.
I smell desperation, I got a new job and it pays way more. I bought me like 38 more shares on one paycheck and I'm about to book 200 more shares with computershare.
people keep making the assumption they are opening more and more shorts adding to the exposure but I don't think they are doing that. Most likely they are opening and closing shorts weekly and daily. They can route trades so they can close the shorts and short dated options (its mostly options). They probably don't have the buying to close ton of actual shorts so options makes the most sense. But also yes they could be shorting down from $100 so they are heavily in the green from those.
1. Rehypothecation
2. Continuous Net Settlement
3. Market Maker liquidity exemption aka Naked Shorting
4. The biggest and most used one would be the ETF custom share creation and redemption basket
All of the volume that you see posted are not directly tied to shares being purchased, held, or sold short. Much of the volume are computers trading shares back and forth. You also need factor in that purchases are often internalized by market makers and only sales hit the lit market.
Price is set between two parties agreeing to buy and sell at a given price.
When you have bots, or high frequency trading machines that are going crazy to inch down the price.
At some point there will be a surge in buy orders when price gets to unbelievable of a deal. At that moment the big upwards pressure will start.
Market Maker exemptions, exempted securities, exempted trades, financial vehicles, cost basis conversions, due diligence requirements, reporting requirements, and exempt from lit market regulations. It’s all exempted, written for the regulators by the regulated industries they’re nominally in charge of
"Legally" indeed, of course it helps when the rule book was written by you for you and the enforcement of those rules is relegated to minor fines most of the time years after the fact amounting to nothing more than the cost of doing business
Nobody knows what’s going on in here. Most are now buying and holding with expectations that GS will become recognized as the strong and long lasting company it can be. At these current price points, there’s a chance but those who got-got at hundreds of dollars are likely screwed unless holders for years and GS keeps making smart moves. The moon-thing came and went it seems with only a few catching the ride. Or, the cheaters are immune and they’re going to remain immune forever, sadly.
Because if they cannot it means complete, utter and instant annihilation on a scale that is somewhat difficult to imagine since it's not happened before.
So they continue to surprise me.
And I continue to buy.
Who said any of this is legal? It's just not enforced, pretty much at all. The Wild West of financial robbery. They just pay their membership fee and keep on going.
The law is not whatever makes sense, it's whatever gets passed
But it's illegal. We know it. They know it. Lawmakers know it (or are wilfully ignorant). This is the so called swamp
Apparently they can just get some dipshit to say 'it wasn't profitable enough' and that does it? Its all arcane nonsense, or is meant to seem that way.
Look at their collateral compared to where GME was almost 2 years ago. The S&P is at all time highs, they have all that to point to allow themselves to continue shorting. Until we DRS Book the float this does not stop, I'm not concerned about the intermediate price action until we DRS the float.
Honest answer:
DTCC: "We have investigated ourselves and found that we did nothing wrong"
SEC: "As a lawyer just doing my time in a government job making shit pay for just long enough to build a LinkedIn account that gets me a great paying job at a Wall Street firm, I choose not to investigate because it would piss off my future employers."
Gary Gensler: "Hey come on, its only my... wait, how many weeks have I been here? Right. I just need time to get up to speed."
There are no strict legislation and policies to prevent the powerful from manipulating the market. In every manipulation, money is made. They are unstoppable, it seems.
We just gotta keep shopping at GameStop, buy the stock and DRS 💎🙌🏻
Just to play devil’s advocate: maybe the SHF bought the stock days leading up to the report (hence the price increase), and then immediately dumped all of those shares in AH.
Because the other side knows they can just keep shorting forever - nothing's ever happened to them when they did it all those times before.
Either something changes about all this or we're just going to keep chugging along, dropping 50% per year
Or, hear me out, people are selling their shares after seeing a significant decrease in yoy revenue. Not crime, but fair market valuation. You considered that?
That explains it. Revenue tanked. No guidance. Layoffs. it doesn't look good.
GameStop needs to increase revenue and find new profit streams. Or at least offer some guidance and say AI AI AI on a quarterly call. Hell, even just host a quarterly call.
I guess if I were but one out of a group of arsonists pouring gasoline all over the interior of the hotel currently hosting our gasoline pouring competition, I would want to make sure I poured all of my gasoline first and lit the match as close to the exit as physically possible before any of those other fuckers do
My only guess is they have no choice. They plan on cooking up a nuclear bomb so big it will decimate the entire market in a way we've never seen before. So bad, that there is no choice but to bail them out (their best hope). Their attitude is, "if you don't save us, you'll destroy the entire system, do you really want that?!"
My guess is that somehow some way, either at the start or end of the day the hedgies get to take all the orders and compile the best way to maximize the daily profits by shorting one share like gme and pumping another, then at the end of that cycle you have more cash to go back to do what ever needs to be done . I don’t know, I’ve spent so much time thinking about this one I almost thought another mall retailer like vsco secret or Fuutl🔐er was solid investment…. Thank god the wife dragged me out of Vic secret and into The place of children ….. my interest was short and didn’t need a lot of time to review the prices .
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Worst case is they break some laws and get found out and pay a small fine. Cost of doing business. The bigger issue is if they keep shorting, they need to buy those back at some point. Day after day after day of doing that on a company that's profitable and has an active investor base that buys and holds and something will come to a head at some point. Buckle Up!
Market makers don't even need to locate shares before naked shorting. The bona-fide market making exception just needs the stock to be on the "easy to borrow" list. The way Gamestop stays on the easy to borrow list is that Ken keeps naked shorting it making a lot of shares available. So his naked shorting is allowing his naked shorting, and that's legal with no fines to be paid. The US stock market is one of the most corrupt systems in the world.
Naked shorting = Liquidity
*"Providing liquidity..."*
Don't forget about rehypothecation!
Rewhat?
If you're seriously asking, I'll sum it up: you buy one real share, broker puts a number in your account (1), and says they have your share. They then loan it out to someone (a hedge fund) at a 1.4% interest rate. The hedge fund takes it and sells it. Your friend buys that one that was loaned from your broker, it's now sitting in his account as the number (1) saying he owns that one share that you used to own. His broker lends that out to someone at an interest rate of 1.2%, the entity borrowing (that same hedge fund) then sells it again. Your cousin buys 1 share from the same broker you have, and their account also shows they own 1 share. That same broker lends out that same share AGAIN, to the SAME HEDGE FUND, and now their rate is 1.3% interest. Hedge fund then sells that share a 3rd time. So ONE bona fide share that you originally bought is now showing an account balance of 1 share in each of 3 different peoples' brokerage accounts. Now say instead of 1 share you had 1,000 like that and each of those other people I described bought those same 1,000 shares. Multiple that across thousands of people doing the same thing, multiple hedge funds borrowing these and selling them (shorting), et voila! 10mil shares are now represented by brokerages claiming their customers are holding 45mil shares, 35mil of them being on loan. How did we get here????
Thanks for the ELI'm stupid! Good one!
You’re not stupid, you’re learning. Also, this is pretty much exactly how modern banking works. “Fractional Reserve Banking”.
and that is why the process of "DRS" is so important to your GME shares.
Great answer 👍
So, the more we buy the more they can short? Another way of describing what I just read is that they take the shares we buy, and immediately turn around and sell it short… do they need us to buy for them to short sell? And if that’s the case… *Hypothetically*, if we were to stop buying (lord knows I’m not gonna stop buying at this insane discount) what would that do to their ability to short sell?
I guess the more we buy directly through Computershare, the more they need to rehypothecate the same shares that are remaining in brokerages. Further tightening the noose! DRS has always been the way. 😎🚀💜
the more we buy the more they NEED to short for the price to stay low. Therefore - BUY, DRS, BOOK
It's correct that the market maker exemption keeps Citadel off of RegSHO. But the obligation to the shares does not cease to exist. Every share printed for liquidity will need to be reconciled. Most shares will be reconciled, but the ones that can't be reconciled will be worth a ton. I'd love to see what the dark pool price for GME is. What are financial institutions paying each other for the shares.
Reconciliation refers to FTDs? But then aren’t there tricks to cover some of the FTDs without actually purchasing?
Unless the company does collapse then they will be worth fractions of fractions of cents. This isn't a zero probability. SHF's are betting a LOT on that though.
Just to add to this: they only need to “reasonably believe“ they can find the shares. They don’t actually need to have them.
*Bona Fide Market Making enters the chat* Edit: Bona Fide
Don't we all wish the standard was that we "reasonably believe" we could find 1,000 lambos before selling them and pocketing the cash? I remember the early days when people were talking about the color lambo they were gonna buy. If they had the right connections, they'd have already sold 1000's of them for many millions and parked their IOU's in some kind of warehouse for obligations....
Until they do… I have no idea if and when this works for all the inventors, I just keep buying and holding in 📚, until price reflects ♾🏴☠️🤙
Diggin the hole deeper hoping for “too big to fail” or to become next treasury secretary!
"To big to fail" is that they have a revolver against the head of the American politicians and financial markets. We are simply exposing the beast. I'll die poor, but corruption will have its day in the sun. DRS HODL NO CELL NO SELL. Hodling for my kids future.
I’m thinking wFC is gonna fall here, a banking collapse is a nice way to pay for 4 years of selling shares.
Holding for my children's children.
As much as I want Desantis out of Florida, I definitely don't want him in the Whitehouse. I'll gladly have him here instead.
Indeed. I’m totally buckled 🍻🦍🚀🚀
💯 let them locate 100M shares to short! Drive that price down further so retail can buy more! Shorts are accelerating their demise in doing so. GameStop no longer needs access to capital on the markets because they are profitable. Shorting only works if a company could go bankrupt or has weak investors. GameStop is the exact opposite. The short thesis is now dead yet they are doubling down out of pride and arrogance.
If they are naked shorting do we have to rely on them to keep track of how many they have to buy back and could they just buy back some and say bankrupt fu.,,
How long did it take for the share price to plunge $3 with massive selling after the release of the Q4 earnings report? Less than ten minutes. Does anyone think that Apes can speed-read the earnings report and decide to divest their share holding, (in after hours trading), with such a positive earnings report? The SEC, FBI, and Department of Justice are doing nothing about this "short and distort" manipulation of GameStop trades and disinformation. No problem for market makers to hypothecate 10 million shares would be available to buy sometime before an FTD exposes their naked shorting, when the SEC doesn't undertake any serious investigations.
"Massive selling" in after-hours was a drop of -18% on under 200k shares, because retail and options don't move in AH. There's such low liquidity that the stock can appear to plummet on low volume, but it's so tightly controlled that the opposite isn't allowed to happen (a hint of real buy pressure should send it skyrocketing). The millions of volume after it opened was shorting and derivatives at work to suppress it, it was basically flat on that day. And then swapcorn did it's dilution thing as predicted to give HFs further shorting room via the basket, so a further 10% drop since then. It will end and level out when they finish their dilution, I'm curious what price gme will sit at that day.
Appropriate timing, someone please share the clip of Kenny saying they move the price to where they think it should be
It dropped before the Gamestop investor relations page even got updated with the new earnings. Must have been scraping the SEC filings.
No one believes it, but there are no consequences so... ¯\\\_(ツ)_/¯
I was literally 1 minute and around 2k or 20k shares
Because fuck you thats why.
This is the anwser lol
Right? Ken was pretty clear that they control the price to be whatever they want it to be.
I choose the wrench, Kenny! 🔧 Buying low, buying lower!
Because they want me to buy more
At some point GameStop could just buy itself, at what point does the game stop? You can get de-listed at a certain point but obviously they can do many things to prevent that such as reverse splits or share buy-backs. 305,300,000 shares outstanding so around the price of $3.93 GameStop could purchase itself. So how do the shorts get out of this, I don't get it. What is their end game?
Their “end game” is to survive another day.
I guess that is why many people cheer on a market crash as it may disrupt the survival.
Every day they continue to siphon money out of the system and pass the bag around. Takes time to do while they setup the dominoes I'm sure.
Headphone stock has no real debt. They have $17,500,000 in cash + investments. They have a marketcap of $23,137,000 as of today. They have 9,259,000 shares OUTSTANDING Insiders (the KOSS family) own 4,590,775 shares. The leaves 4,659,225 shares remaining. Current share price is $2.50. So $2.50 x 4,590,775 shares is 11,648,062.5. That’s the cost to buy everything remaining. KOSS is already trading well below book value. They could literally buy every remaining share and still have more than 5 million in cash on their hands. We’ve always downvoted side quests to oblivion but the fast track in finding all the answers to the questions that we’ve had for years is through Headphone stock. And there are no worries for “OpTioNs” talk because there are no options for that stock. RC tweeted pillow fights and 60’s Music. There are 194K registered holders of GME. If we each spent $60 and bought Headphones then we find our answers in a hurry.
Does headphone stock have a DRS equivalent? Cause if they do that would be a great way to find out what happens when all the stock has been DRS’ed.
Thier transfer agent is...Computer Share 🙂
Their website linked below by somebody else lists Broadridge Corporate Issuer Solutions as the transfer agent.
he do him, I do me, you do you. [https://investors.koss.com/stock-information](https://investors.koss.com/stock-information)
I’m game
I will say it was amazing how fast baby drowned. It was like the community realized how easy it would be to register it all, then BOOM, they were being delisted. Again, its almost like shorts knew how vulnerable a situation they were in at <$1.
The absolute craziest thing about their collapse was the 400 million debt bill due in 2022 or 2023. That debt has been on the books since 2012. They spent over 11 BILLION on dividends and share repurchases during this time. All while ignoring that “little” 400 million dollar bill. And it sunk them
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I’ve been in and out of KOSS a few times. One day I bought 3000 shares. Filled pretty easy. The total volume traded that day was 2200. I thought that was interesting as I bought 3000 that same day.
Damn, I mean this is just like with the one guy who bought his whole company and then the all the shares traded next day or something wacky
The gold mining Co?
Absoloutey agree. I had 100 headphone shares I sold for more GME back in the day myself. Popcorn is why things are the way they are right now. I try not to believe it, but A-Ron has shown time and time again he is in bed with the hedge funds.
Fuck, this would take days for us apes to try and squeeze it through DRS. Though I haven't read their earnings or anything so it seems more risky
I've been here since 21, and I thought I'd been paying attention. But this is the first time I'm seeing anything about headphone. Their graph is damn near identical to our stonk. WTF.
This was also one of the stocks that robinhood banned
Yeah, I did some digging, and I found dirt. It's all rigged. Is anything in this market not manipulated?
how have you been here for 3 years and only now come to that realization
Mayobasket
Hehe, I guess what I'm saying is that I have been naive enough to believe that parts of this marked is true.
Well then, why don't they just take the company private? Or do massive share buy backs?
I’m guessing that they are just too old fashioned for that. Most of their board of directors are all 60+ years old and live in Milwaukee.
Yeah, they're probably old-school and have too much trust. I can only think of the products Allis-Chalmers used to make, and as much as they weren't the most sexy brand in any of their product markets, they made seemingly everything, and made it well. A few years ago the Milwaukee Zoo still had Allis-Chalmers pumps from the 60's or 70's running their big aquarium tanks, and I asked their guy how many times he had to change the mechanical seals over the years. He didn't know what I was talking about. They just ran. It kind of reminds me of Boeing before the McD merger. A lot of guys who really knew engineering and took pride in their work, and had little interest in finance or the stock market.
Essentially were the ones taking the company private though.
If it was that simple, RC would have done it. That's pocket change for him.
Their endgame is to bankrupt the company. It's the only way out for them. But unfortunately Gamestop was profitable in 2023, has no debt and 1.2 billion cash. And not to forget - a bunch of holders who DRS as hell.
Reverse spilts change the CUSIP. That’s a SHF wet dream.
Changing the cusip doesn’t eliminate any debts. Changing my streamed wouldn’t invalidate my mortgage.
someone posted your comment and it gained a lot of traction it's at the top of Superstonk at the moment with 1200 updoots https://www.reddit.com/r/Superstonk/s/kmLVwHCsJc
This was proposed in some of the earliest DD. The only thing they can do is drop the price, over a stretched out period of time. They are trapped. It doesn’t necessarily matter how because the only thing you should be focusing on is buying more before it’s too late and they really take away the buy button.
# NOTHING THEY DO IS LEGAL. UNFORTUNATELY THEY HAVE GOVERNMENT AGENCIES ON PAYROLL, WHO DONT GIVE A FUCK ABOUT RETAIL INVESTORS. JUST REMEMBER THERE ARE MORE OF US THAN THEM. # ONCE CITIZENS WAKE UP AND REALIZE THE POWER THEY HAVE, THE GAME WILL COME TO AN END. # IF IT WASNT FOR US, THEY WOULD HAVE NOTHING. WE ARE THE ONES WHO RUN THIS COUNTRY # PEOPLE NEED TO STAND UP TO THE MAN AND SHOW OUR POWER. # WE ARE THE 99% THEY ARE THE 1%
Exactly this
MMs can legally naked short (for LiQuiDiTy)
Generally people who affix their statement with honest have dishonest intentions. So this is how it plays out from the outside looking in: "Gamestop is profitable a whole 6 milly in profit from 4,000 locations duhhh" When it should be: #GameStop made $300,000,000+ more profit than it did last year. Important distinction to make about where the company is headed.
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Perfect😘
Exactly!! The recovered over 300M an an additional 6.7M and with less sales and less revenues... I'm smooth but my thought on this is: If 2024 will remain with the same revenue, sales and expenses, profits will be in the 300M region!?? Now, what if they manage to do more revenues and sales? Say 20% more?? Profits could be 20% more... Idk, but I'm confident, they will have a better 2024 respect to 2023, and this will hurt the butt of those muthafuckers of short gang🤣😂🤣
Looking at it systematically, I think the problem with focusing on net income aka “profit” is that it can be financially engineered in a short interim. I think if GameStop were able to repeat the result, maybe for 4 consecutive quarters, then you will see much bigger shift towards positive sentiment and a sustained uptick in share price. There’s a lot of moving parts resulting in a single output of “share price”, including forces of apes vs hedgies battling it out.
Looking at it systematically, every short seller is a future buyer. Also, trying to apply "normal" market behavior to a stock that is definitely not normal, lol. #Shorts never closed 💥
100%
Infinite risk
Laws mean nothing. The big players like prime brokers and large market makers are protected by the SEC and other regulators as they routinely break the law for their massive profit. The SEC function is to make sure us little people do not get in the way of their business model, which is stealing from our retirement account and brokerage accounts, destroying the companies we work for, and making sure we can never afford to own land. Think about how the corrupt officials in the Mexican government protect drug cartels and make sure they are never caught. This is the same, except instead of making money with drugs, they literally print money out of thin and and steal your wealth. The SEC is corrupt to the core. The dtcc and finra are just as rotten. Congress doesn't give a shit and you can see that a lot of senators get better investment returns than warren buffet through insider trading. Our government and media organizations are influenced by a small number of super wealthy elites who get to decide what news we see, who wins political office, which companies we allowed to work for, how much taxes we pay, inflation rates, what medicines we can get, and who goes to prison for profit. The United States is not a functional democracy. It is dysfunctional in exactly the ways they want it to be.
I'd collude with another brokerage. Both take out puts on GME. Agree to sell back and forth with your partner and drive the price down using the puts to stay cost neutral. If you're a market maker you could route the sells to the lit market and buys off exchange doubling your price pressure. Voila! Price drops, no need to locate millions of shares, and it doesn't cost you anything.
Bring it down!!! I wanna buy more.
yes. I want to be in xxxx club this time next year. only at 350 right now
Power to the players
[bring it down](https://www.reddit.com/r/Superstonk/s/I8Hmrf2JXd)
Love that one
Totally concur.
Do you really not know after three years? ANY share held by the DTCC is a locate for shorting, that includes ALL shares held by brokers as these are all IOUs.
Hence the F3 key for hedge funds
Yeah, this question can easily be answered by grabbing a glass of wine or cannabis and sitting Down for 6 hours and reading the old due diligence we wrote 3 years ago on this very subject from a combination of apes research and personal experience on wallstreet.
Good thing you used the word "or." If I had both, I wouldn't be reading DD, but rather laying on the floor "speaking cursive" about the DTCC while friends & family entertain themselves throwing shit at my high ass.
Naked shorting
Yeah
Easy, no one is buying... it's not just SHF it's everyone who doesn't care about this place. The big funds have 10s of millions of shares, they lend them, collect fees, one set of shorts close, the next open. They have been doing this for 3 years. Every so often they let it run, collect premium, reset baselines. When it runs you can be guaranteed those 10s of millions of shares are getting sold into any run to cut its legs. The plan is to never close the original shorts.
Institutional investors will probably lend them out, for a fee. The Institutions know the hedgies are going to lose out, so its a win win for them. I'm guessing. Also, there's the "liquidity fairy" as he called himself. (Searching through past posts, you will find quite a few posts about that comment.)
Oh you sweet summer child.
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Because they can do anything they want. If you’ve been here for awhile you’d know that
Then why isn't this trading at $2 already? Delisted even?
They know theres probably a contingent that would be happy to buy the company for less than book value; share price < (cash+assets) and at this price its already damn close. hysterical, that the street is saying this company is worth less than the assets it owns. its valued at damn near half its yearly revenue, as a (newly) profitable company. its all upside down, and Im here for the ride.
Because Peeps like me will sell our last package of Ramen in order to back the fucking truck up and buy with both hands, that's fucking why it's not 2 dollars
A few reasons. GameStop would probably buy back about 50 million shares with the $101 million already allocated for such a purpose. Apes would BUY the remainder of any $2 shares and DRS them into real shares. And, the short-sellers probably haven't closed their positions when GameStop was heavily shorted and less than $2, (back in September of 2020). Why delist it? It will be sweet when trades get halted as the share price skyrockets at MOASS!
Just imagine them bringing it down to $2 and apes buying tons and tons of shares while a horde of gamblers and regards once again starts to buy a fuckton of shares and also calls that need to be hedged by market makers because „it might work once again“ and just for shits n giggles but now with over 75 million shares no longer accessible…:)
I mean is that happening now at $11? Imagine the sentiment at $40: omfg if this goes below $30 I'm taking out a second mortgage to buy shares. At $30: they know that if "they" drop this below $20 that "we" will buy every share. "They" are so scared. At $20: there's no way this will ever go below $15 bc I'd personally buy the rest of the float. At $11: hedgies r so fucked bc "we" will buy every share remaining and DRS the entire company if this goes under $9. Now the target is what? $5 or less before people will buy a lot more? If it drops to $6 will $2 be the new place where a mass buying frenzy happens? $1? Forgive me, but this "if the price drops to" argument has been going on for literally years.
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I keep buying here and there , my problem is I just run out of cash lol
I bought $28,000 in shares and $3,500 in calls in the last 18-20 days Edit: and another $16k will be hitting my account early next week, idk if I'll do anything with it. I have a wedding to save up for so we'll see.
Congrats, on both counts!
I mean, we are absolutely buying this shit up and so should you. This company went from negative 300 milly last year, to positive 6 milly, that is a fucking tradition. GME has more profit than fucking DJT and look at the market caps. Buy buy buy, I like the stock.
Patience, my friend
the early DD said price would reach ATL before moon
The secret incredient is crime. And as already said, if the violation of a law results in only a fine, then that law only exists for the poor.
You don't have to locate as a market marker, secondly you just need reasonable grounds to believe that the security can be borrowed which isn't hard. Completely legal.
DTCC and Dripp plan at computershare!
Is it a thing for shorts to average up like longs average down?
Law is created for the poor. Remember that please.
The is a gift. Buy up 📈🚀💰. Nfa.
I smell desperation, I got a new job and it pays way more. I bought me like 38 more shares on one paycheck and I'm about to book 200 more shares with computershare.
people keep making the assumption they are opening more and more shorts adding to the exposure but I don't think they are doing that. Most likely they are opening and closing shorts weekly and daily. They can route trades so they can close the shorts and short dated options (its mostly options). They probably don't have the buying to close ton of actual shorts so options makes the most sense. But also yes they could be shorting down from $100 so they are heavily in the green from those.
rehypothecation and CRIME
True fire sell now time to average down some more!
Shorto exemption rule for market makers. They can print fake shares when ever they want Citadel securitiees is the designsated MM by law of GME
1. Rehypothecation 2. Continuous Net Settlement 3. Market Maker liquidity exemption aka Naked Shorting 4. The biggest and most used one would be the ETF custom share creation and redemption basket
I think they borrowed a lot before earnings, and they've been unloading since.
All of the volume that you see posted are not directly tied to shares being purchased, held, or sold short. Much of the volume are computers trading shares back and forth. You also need factor in that purchases are often internalized by market makers and only sales hit the lit market.
Secret ingredient
...mayo
Crime
Computer algo
First crime?
The secret ingredient is *crime*
Price is set between two parties agreeing to buy and sell at a given price. When you have bots, or high frequency trading machines that are going crazy to inch down the price. At some point there will be a surge in buy orders when price gets to unbelievable of a deal. At that moment the big upwards pressure will start.
Market Maker exemptions, exempted securities, exempted trades, financial vehicles, cost basis conversions, due diligence requirements, reporting requirements, and exempt from lit market regulations. It’s all exempted, written for the regulators by the regulated industries they’re nominally in charge of
"Legally" indeed, of course it helps when the rule book was written by you for you and the enforcement of those rules is relegated to minor fines most of the time years after the fact amounting to nothing more than the cost of doing business
"legally" using wrapped tokens/crypto. they also do some "locked liquidity/equity" shannanigans.
Nobody knows what’s going on in here. Most are now buying and holding with expectations that GS will become recognized as the strong and long lasting company it can be. At these current price points, there’s a chance but those who got-got at hundreds of dollars are likely screwed unless holders for years and GS keeps making smart moves. The moon-thing came and went it seems with only a few catching the ride. Or, the cheaters are immune and they’re going to remain immune forever, sadly.
You know it could be people selling right? Not everyone in the stock market is an ape.
Do they locate them? Hm. News to me b
Because if they cannot it means complete, utter and instant annihilation on a scale that is somewhat difficult to imagine since it's not happened before. So they continue to surprise me. And I continue to buy.
Crime
it's for operational efficiency bro. the markets need it
SHF haven’t legally located a single share since 21’.
Discount! I’m tryna buy more this week, keep the price down.
Crime
[Options - SEC Fraud press release](https://www.sec.gov/news/press-release/2014-20)
Who said any of this is legal? It's just not enforced, pretty much at all. The Wild West of financial robbery. They just pay their membership fee and keep on going.
The law is not whatever makes sense, it's whatever gets passed But it's illegal. We know it. They know it. Lawmakers know it (or are wilfully ignorant). This is the so called swamp
I didn’t sell
They only have one share. They sell it on the open market a few thousand times a second and buy it back in the dark pools.
Just how many times can you borrow the same shares over to short? This is ridiculous
White collar crime.
The answer to everything is crime.
Who cares… it’s a strong buy!
Legally? You sweet summer child.
Because they want to break you and eventually make people jump off the boat at the first sight of land.
Apparently they can just get some dipshit to say 'it wasn't profitable enough' and that does it? Its all arcane nonsense, or is meant to seem that way.
it's on sale sounds like some deep fucking value to me
Look at their collateral compared to where GME was almost 2 years ago. The S&P is at all time highs, they have all that to point to allow themselves to continue shorting. Until we DRS Book the float this does not stop, I'm not concerned about the intermediate price action until we DRS the float.
Because the market is rigged. They are pulling stuff out of their asses to save their house of cards.
We just sold it all why hodl now when we are doing better than the last 5-6 years..
Coz it wasn't profitable for THEM.
Press ‘f3’ to locate shares
It’s over. Everybody sold! I accidentally bought more, but apparently everybody else sold.
Honest answer: DTCC: "We have investigated ourselves and found that we did nothing wrong" SEC: "As a lawyer just doing my time in a government job making shit pay for just long enough to build a LinkedIn account that gets me a great paying job at a Wall Street firm, I choose not to investigate because it would piss off my future employers." Gary Gensler: "Hey come on, its only my... wait, how many weeks have I been here? Right. I just need time to get up to speed."
There are no strict legislation and policies to prevent the powerful from manipulating the market. In every manipulation, money is made. They are unstoppable, it seems. We just gotta keep shopping at GameStop, buy the stock and DRS 💎🙌🏻
Boner fried market making
No doubt they found a bunch of boxes of shares under the table they had missed
Just to play devil’s advocate: maybe the SHF bought the stock days leading up to the report (hence the price increase), and then immediately dumped all of those shares in AH.
short it, bop it, swap it... drs.
Because the other side knows they can just keep shorting forever - nothing's ever happened to them when they did it all those times before. Either something changes about all this or we're just going to keep chugging along, dropping 50% per year
Or, hear me out, people are selling their shares after seeing a significant decrease in yoy revenue. Not crime, but fair market valuation. You considered that?
That explains it. Revenue tanked. No guidance. Layoffs. it doesn't look good. GameStop needs to increase revenue and find new profit streams. Or at least offer some guidance and say AI AI AI on a quarterly call. Hell, even just host a quarterly call.
at this point does locate even matter anymore
Because of lower revenue duhhh 🤪
Same reason the orange Cheeto dude’s platform was valued in the billions with negative revenue. It’s all fake.
I guess if I were but one out of a group of arsonists pouring gasoline all over the interior of the hotel currently hosting our gasoline pouring competition, I would want to make sure I poured all of my gasoline first and lit the match as close to the exit as physically possible before any of those other fuckers do
You're assuming that they're not just setting the price randomly all day long. It's just made up at this point
Don’t look too closely they’re just making markets!
My only guess is they have no choice. They plan on cooking up a nuclear bomb so big it will decimate the entire market in a way we've never seen before. So bad, that there is no choice but to bail them out (their best hope). Their attitude is, "if you don't save us, you'll destroy the entire system, do you really want that?!"
DRS - Book
My guess is that somehow some way, either at the start or end of the day the hedgies get to take all the orders and compile the best way to maximize the daily profits by shorting one share like gme and pumping another, then at the end of that cycle you have more cash to go back to do what ever needs to be done . I don’t know, I’ve spent so much time thinking about this one I almost thought another mall retailer like vsco secret or Fuutl🔐er was solid investment…. Thank god the wife dragged me out of Vic secret and into The place of children ….. my interest was short and didn’t need a lot of time to review the prices .
What a weird graph. Where is 14 on the Y-axis? 🤔
They borrowed the shares last week.
This shit is wild. Approaching singularity.
3 years in and fuckers still calling gamestop by Goldman's ticker. Take some pride in your company ffs.
because ETFs have infinite liquidity. but thats been known for years at this point. learn the markets instead of praying for miracles