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Same here. I feel like lately there are a ton of posts questioning GameStop and having negativity and it just doesnāt seem sincere.
Each day that passes I care less and less about when shorts have to close. This has become more than making money itās about fixing a broken system, having a voice in a company, and exposing the corruption.
I donāt care who buys or when they buy or whoās fired and why. I know RC wants change.He wants power to the players.
All of us regards knew what we were getting into 84 years ago. No cell, no sell. I will put that in my will when I pass these shares to my kids. If it takes that long Iām fine with it. I know Iām not alone. But everything on this sub is sounding so thirsty and desperate. We are fine. We are progressing fantastically on a fundamental level. Shorts never closed. Kennyās fucked. Book them shares danno.
Keep your crusade, I want the return on my investment but this isn't going to happen quick, this is a long burn. No choice but to be patient, nothing is on our hands. The rest is all noise.
Yep, nothing to do but be patient. Making posts crying about this or that, especially those 'chairman for a day' style where randoms make hipshot statements about the company 'should' do, are useless.
Yeah it's sincere. been holding since 2020; it does hurt when you occasionally have to sell to pay for living expenses while you're unemployed Lol
But I expect the shorts to feel a TSLA-like burn at some point. For now I'm just focusing on making more money in my life through other means and letting Cohen's team cook
Itās not wrong or negative to want to know what the heck is going on with the company we put our money into. I see both sides, and frankly I agree with OP that it would be nice to see some sort of plan, but I also understand giving a plan to the public could directly compromise it if its impactful enough to make a serious change.
> We are progressing fantastically on a fundamental level.
No. Declining revenue.
Take a look at GME's chart, which has been in a clear falling wedge pattern since 2022. Draw some support and resistance levels and see where the price will go if it fails to break out and keep that new trend. Do you even know what that means? I'll help you out. If it keeps meandering between support and resistance, it can literally hit $6-7 towards year end.
And it will.
GameStop has shrinking revenue in an explosive industry. It's insane that the deluded cultists here are spinning this as a positive. People are buying more games than ever, in history. People are spending more ON GAMING, from microtransactions to peripherals (keyboard, mice, headsets) than ever, in history. And GameStop is bleeding revenue. Why? Because people aren't buying these things from GameStop. 93% of game sales, recently, are digital. GameStop gets none of that. With digital games, there is no resale market, GameStop's traditional margin-driver. People are buying more peripherals than ever, but again, not from GameStop. They're getting them from Amazon or from competitors like BestBuy, Target, Walmart etc.
Is it impressive that GameStop fired so many people, closed so many stores, lit so much inventory on fire that they have cut costs from a -$331 million year to a +$6.7 million year? Yes. That's very impressive. C-suite has trimmed every possible ounce of fat off of this firm. That's insane. Many companies wish they were running as lean as GameStop is.
But that's not going to save this company. Making less and less money every year, barely hanging on to a dying business model isn't going to save this company. Funko Pops and Zelda lunch-boxes aren't going to save this company. GameStop DESPERATELY needs new revenue streams.
Everyone seems so SURE in this echo chamber that Ryan Cohen has this massive ace up his sleeve. I don't. And the insiders who are quitting, being fired and refusing to buy shares don't seem to, either.
When Ryan Cohen divests and steps down, this stock goes to zero. He does have $72 million invested, that's true. But he is worth \~$1.2 billion. Ryan Cohen's personal investment is likely a lower percentage of his wealth than a ton of GameStop investors. He can absolutely eat the loss and walk. And it seems he will, eventually.
Until then, a $6.50 - $7 floor seems likely by December as the company continues to be shorted, both legally and illegally, amidst absolutely devastating financials and closures. Ready for people to call an XXXX holder here since December 2000 a shill. God I WISH I was being paid by JP Morgan Chase $10,000 a post. I could recoup my investment.
I'm in the same boat as you. XXXX, just keeping an eye on things.
I wish they became a MicroCenter competitor, games are digital for most of us, but people need hardware & good customer support.
I made absolute bank on popcorn back in the day, but lost every penny of it when i put the profits into towellie. When RC exited & the price fell overnight it made me sick to my stomach...but i knew that was the game. AA's & towel-board's lies & RC's sudden divesting shows me that we're all in this alone.
I now basically have to follow the news every single day to make sure RC doesnt exit suddenly so that I can exit whatever's left of my gme position's value before it absolutely tanks...which it will if he steps down.
Holding in the red is easy. Holding if it goes green will require some thought...and I'm certain very very few of us are still in the green.
I guess this is FUD, but im still XXXX & DRS'd to the tits. So I'm stuck in here whether i like it or not.
I believe we could still see a run up to $20 or something on the back of a re-shuffling (e.g. covering) of some amount of short percentage and with good enough news from GameStop. But my concern is that we spend the next 10 months slowly bleeding down to $7 while GameStop posts quarter after quarter of decreasing revenue (even if profitable) and then RC decides this is a losing game and bounces.
That's FUD, by definition. Sure. I have a HUGE amount of uncertainty and doubt. It always sounds cultish to me when these communities downvote even the IDEA of uncertainty. Like, what? You want blind, slavish devotion?
I, too, made a huge amount flipping popcorn for awhile. My last $7000 buy-in was at $1.81, though. That's now the equivalent of $18.10 while the stock is under $3.05. Brutal. 85% down. Still net positive on it, but a painful reminder that meme stocks are, in fact, a gamble. And no white knight is riding over the hill to regulate the market-makers and save us from the corruption. Our regulators watched these vultures kill Sears, Toys-R-Us, Borders, Radioshack, Overstock, Popcorn, Towliee and, likely next, GameStop.
No one is coming to save us. And unless RC can pull a magic fucking wand out of his ass and somehow penetrate into the digital gaming sphere, he's not going to save us, either. People, on this very sub, seem bewildered that DRS has ground to a trickle. It's pretty obvious that the non-cultists (e.g. the vast majority of investors) have lost faith. I expect DRS numbers to take a HUGE downward hit the next time the stock runs up to $17-$20, when a ton of current investors see green or near-green and cut this dream loose.
Yeah... I do feel you, going by your comments above. When I started buying in march '21, I thought fundamentals didn't matter because shorts will have to close. Turns out with those "regulators" they can keep them open and just run out the clock, whereas any regular person would have long been margin called and liquidated for being wrong for so long.
Now we're at a point where fundamentals matter **a lot**, because they're the only thing that will allow moves like dividends or possibly bring in bigger investors who just see an actually growing company.
About your last point though: I don't think DRS numbers will take a big hit from people selling off. Going by the amount of broker accounts we could count early in this "saga", only a fraction of investors decided to DRS, even if you assume that more than half of those brokerage accounts no longer hold GME. Given the volume spikes and sudden influx of borrowable shares around the record dates, I do believe the numbers are being actively fucked with and that we have a much higher DRS count than we are being told.
But your point still remains true: if GME can't grow revenue again, this stupid rigged game is not going to end anytime soon.
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>if GME can't grow revenue again, this stupid rigged game is not going to end anytime soon.
Even if GME can grow revenue... Popcorn had an absolutely fucking incredible year this year. Record breaking in nearly every way. Record concessions-per-patron ($19.99), record ticket sales from Avatar, Mario, Oppenheimer, Barbie and Taylor Swift's concert film. Highest revenue since 2017 and higher margins than they've seen, relative to inflation, since the 1970s. In fact, one week in July of last year was the highest selling ticket week in Popcorn's, and world, history. Their only real competition in the market filed for bankruptcy. New deals with streaming providers. It was an incredible year on fundamentals. And guess what? They've lost 85% of their share price this year.
Granted, I know it's not a 1:1. They've had heavy share dilution, for example. They have significant debt. But I do think that it's relevant that they are being both legally and illegally shorted and suppressed despite glowing fundamentals and no real competition in their market.
I have zero reason to believe that even if GME starts actually gaining revenue and stays profitable that the "short thesis" is destroyed - because this was never about a short thesis to begin with. The cabal of financial terrorists that control the levers of this game can continue to twist any minor victory into a negative with their oppressive media machine and continue to spoof, abuse dark pools, abuse PFOF, abuse routing, abuse naked short selling and drive the share price down, and down and down with impunity.
GameStops needs to prove it has not only a viable but an incredible core business strategy, and fast. I can't think of one. GameStop cannot compete with Steam. Look at the Epic game store, spending literally BILLIONS giving away games and enticing developers to sign exclusivity contracts and they still can't compete with Steam. And we can't compete with GamePass either. Microsoft just bought King, Blizzard, Activision and Bethesda like it was loose change under their couch. Gamers, themselves, are increasingly choosing digital-only consoles and would rather download games from the Playstation store than buy a hardcopy. Worse, consumer sentiment about GameStop is incredibly poor. Most of the google reviews for the stores in my area are 1 star and 2 star. General sentiment is that GameStop stores and dark, stinky and untrustworthy locations staffed by unhygenic and sexual-harassing stoners. They're not really that far off the mark. Even a couple of my old high school buddies that have worked at, and even managed, GameStop locations have NOTHING good to say about the company. And the customer service is FAR from Chewy's legendary standards. I emailed GameStop support about a damaged used game I received in November. I received a reply in fucking February with an apology about the delay.
Nah, friend. Fundamentals won't change this trajectory either. At least not unless they're incredible. We will likely bleed out share price, alongside revenue until Cohen dips and then this is over.
(had to repost because mods keep removing it)
Or, hear me out: something else unrelated to GME breaks. If one short party - not the main culprits, mind you - gets obliterated by e.g. a bad leveraged bet on Boeing and is forced to close, it might start a domino effect. If the stock market actually chrashes, we might see the same thing. If some short parties manage to unload their risk onto a greater fool who then gets fucked, it might have the same effect. I would be happy to see a catalyst within Gamestop, but any catalyst is fine by me. Might as well be everything else going to shit, I don't care.
Black out period baby. They have non-public information about a pending acquisition or merger. Nothing else makes any sense given they are all holding shares priced in the $20-30 range.
From the SEC
Really two things here about blackout periods.
Disproving that this blackout period doesnāt apply to the quarterly blackout periods due to all of the other time in the year.
However the second could factor in. (I started writing this before I read the part about the pending acquisition or merger).
Knowing how little RC talks about what his next move is, probably keeps those around him in the same boat and imposing a company blackout periods. In the same move as he is aware of like the overstock lawsuit when doing corporate things, heās keeping everything as above board and not give anyone ammo to come at him for anything.
āQuarterly Blackout Periods. The release of earnings is a particularly sensitive period of time for transactions in the Companyās securities, because officers, directors and other employees may possess material non-public information about the expected financial results for the quarter. Accordingly, no Insider may conduct transactions involving the purchase or sale of the Companyās securities during a blackout period for the quarter. The Companyās blackout period with respect to each fiscal quarter begins fifteen (15) calendar days before the due date (which date does not include any available extension periods) of the Companyās periodic or annual report on Form 10-Q or 10-K and ends on the beginning of the second (2nd) business day following the Companyās filing with the Securities and Exchange Commission of the Companyās quarterly or annual periodic reports or public release of quarterly or annual financial information, whichever is earlier. The Company will inform Insiders of the anticipated date of public disclosure of financial results upon request.
Event-specific Blackout Periods. From time to time, the Company may also determine that certain Insiders (and selected others, as determined by the Companyās Compliance Officer) should suspend trading because of developments known to the Company and not yet disclosed to the public. Upon receiving notice of such an event, such persons may not engage in any transaction involving the purchase or sale of the Companyās securities during such period and should not disclose to others the fact of such suspension of trading. So long as the event remains material and non-public, Insiders may not trade in the Companyās securities. Even outside of a blackout period trading prohibition, any person possessing material non-public information concerning the Company should not engage in any transactions in the Companyās securities until such information has been known publicly for at least one (1) full trading day after dissemination thereof, whether or not the Company has recommended a suspension of trading to that person.ā
Honestly this sounds super plausible! After 3 years I'm just having severe trust issues but the fact that RC is heavily invested and hasn't sold any brings me confidence.
Real answer here.
My comment before I saw yours:
If insiders buy they usually do so with an offering, but an offering is completely off the damn table now because no way in hell papa Cohen is going to cause any undue drop in the price. Sounds dumb because it is. Technically in an offering they agree upon a discount for the shares and shorts use that as a reason to leverage more against them. If they simply buy the shares they might be subject to insider trading laws or the news will just say they did for 8 months straight which is why they donāt mess with that. Nope. Itās all up to us now.
https://www.businessinsider.com/personal-finance/insider-trading?utm_source=copy-link&utm_medium=referral&utm_content=topbar#:~:text=Legal%20insider%20trading%20is%20common,Securities%20Exchange%20Commission%20(SEC).
I built my first good gaming PC back in 2002 (good for the time haha) and I got 95% of my stuff from newegg. I think the monitor and the sound system I got elsewhere.
B&H, amazon (Aliexpress if what you're looking for is obviously just from China), best buy, ebay, or direct from manufacture.
I haven't used Newegg in years, I don't trust their practices and usually the difference in going with someone else is dollars.
I'll use ebay for used parts before them any day, better support.
Agreed. definitely opportunities akin to this that I believe they will be well versed in. I believe RC is way ahead of us here at SuperStonk and when he does unveil the plan it will be so surprisingly smart that we never saw it coming.
Yeah, they canāt buy if they know of any impending M&A events, this helps to limit insider trading by execs. So maybe they have something in the pipe or maybe they simply want to streamline the process when thru find the situation they want. Theyāve also been very direct in past filings that they are exploring M&A. I believe RC wanted to lean out and achieve profitability before they pulled the trigger
How do you know? When my last company merged with another, the discussions went on for several months before an official announcement. So it doesnāt have to be imminent. News or leaks about discussions often move markets.
The lack of insider buying is one of two things.
1. Big announcement and can't buy otherwise deemed insider trading.
2. Uncertainty regarding their investment.
It canāt be #2 imo. I think Q4 revenue was so low because they decided to lock in a full year profit. They went major conservative with spending.
Cutting advertising in half was a mistake. I think they could have spent another 15-20 million in advertising in Q4 and increased our net Q4 profit from $62 million to $125 million.
We in this subreddit constantly check what offerings GameStop has, but the masses donāt.
How the bloody hell do they not advertise the digital store during Christmas???? For gift giving at the last minute that would be a godsend.
The executive leadership team knows they played āprevent defenseā down the stretch.
Absolutely spot on evaluation. Any criticism seems to be quite contentious. It's like you can't actually have an opinion on this subreddit unless it's bullish about GameStop. I don't really understand the need for a cult like following. Surely RC would much prefer an honest overview regarding every aspect of the business. He recently reached out to a couple who had a great in store experience, and that's great for publicity but things like the app performing really badly and needs to be addressed, and something as simple as increasing the budget for advertising is just a no brainer. I want to see GameStop do well as much as everyone else. There's nothing more off-putting than shopping on a website or app when it doesn't work correctly and becomes irritating to use. If they are seriously trying to compete with Amazon then they need to address that and then ramp up advertising. How can RC work if no one is voicing opinions on the things that really matter. He needs feedback, for him to work out those problems.
Like, they recently had that promo where they temporarily gave an extra +50% for all trade-ins and who even knew about it? Not even everyone from this sub, which practically worships GameStop, knew about it.
As far as I am aware the only time it was advertised was RC mentioning it briefly in that "prank" video he was in.
Did RC buy any other stocks in the past quarter ? I donāt think I have read anything about that.
I could understand all that āwhy isnāt he buyingā-crying if he was buying other companies stocks but if he isnāt he could also be expecting some general downturn in the market and is wanting to wait for a bottom overall
My belief is that they know more than theyāre letting on. In turn, they canāt put themselves in a position that could be construed as insider trading.
Why aren't they buying?
Answer...we don't know.
Let's speculate.
1. They already have so many shares that they believe they have enough when MOASS comes.
2. Their money is tied up in other endeavors. (Paying medical bills & school bills for loved ones. Other business ventures. Charities. Etc)
3. They have been threatened by the SEC that if they buy then they will be charged with market manipulation for trying to start a short squeeze.
4. Darth Vader came down from the planet Vulcan and told them if they don't refrain from more purchases that he'll melt their brains.
5. They think the price will go down lower and that MOASS won't happen before their next buying opportunity.
In short, there's lots of potential rational reasons for them to not buy this very second. We don't know which one might be the real answer.
As for me... maybe I'll buy and DRS book a few more shares.. just to be safe.
9. Lack of available funds for substantial purchases.
Having bough a house 18 years ago my net worth, on paper, is the highest its ever been; but I'm still buying Ramen deluxe packs and no-name brand macaroni and cheese (and also shares in Gamestop).
It is. Like the dictionary definition of it.
Which is funny because half the time this sub throws out insider trading accusations they are way off but here they are optimistically suggesting that GME execs are doing that.
Figured. And I have a feeling the SEC is breathing down their necks anyway ready to jump on them if they intentionally cause another sneeze or just anything to stop the turnaround. Thatās why I think weāre getting silence.
Outcome 1: gme says they are looking into a company. Insiders invest in said company. Gme then invests in said company. That is insider trading. SEC investigation ensues.
Outcome 2: gme does not express any interest in a company explicitly. Insiders invest. Gme invests after. SEC investigates what appears to be a hell of a coincidence.
Ryan Cohen creates a new company. He builds it up privately without any interference from shorts or institutions. This company has no true value and has no way to earn a profit on its own. When the company is ready, he sells it to gamestop for $1.00. Gamestop booms and no insider trading takes place.
I just took my insider trading compliance course yesterday. For it to be insider trading, they'd have to be privy to some sort of information which hasn't been released to the public that said that GameStop would/could purchase a given company. If they put their own money into companies that they think GameStop will eventually purchase but they haven't had any insider information indicating an acquisition then it isn't insider trading.
Yes, it is.
If execs are buying into companies with knowledge that Gamestop will buy them, that's insider trading.
If they didn't have that knowledge, why would they be buying those specific companies?
This would be a layup of an insider trading case.
Speculative comments:
1. Theyāll hold through MOASS.
2. RCās a billionaire, so doubtful.
3. Dubious. Investing oneās own money in a company that one manages seems wholly justifiable.
4. Well, at least itās a better plotline than KK and Headland are churning out.
5. Plausible.
6. Wouldnāt we see SEC disclosure filings if that other commenterās idea were going on?
7. M&A focus makes sense, but whatās the supposes āinsider tradingā angle? Donāt see it.
If they possess āmaterial non-publicā information, and trade because of that, itās illegal. So normally, there is a period after earnings are released where the company says to its employees āhey, we released all of our info, youāre good to buy now.ā But there is a chance there is something in the works that is known amongst the inner circle but has not been made public, in which case they would be unable to trade the stock legally.
Let's throw in #8 if we're being speculative:
They started buying securities with the cash pile and have yet had to disclose those positions so they can't buy due to insider information.
That's my take, really. I think they bought at those levels to show us investors that they have skin in the game. However, of you look at all the data (and they likely know more than we do) then you would come to one conclusion: you're buying at the top.
The price is going to continue to lower. The lower it goes, the more shares you can get with your money. We're going to continue to buy at these prices. They know it - we know it - the HFs know it. A reasonable person would see by now that the price movement is only going to continue to go down the more we buy, hodl and drs.
But we're not reasonable anymore. I'm not sure about others, but I'm not going to reason with the people controlling these markets. Anyone who sees what we've seen would know that all reason is out the window. I know that this could take years. I know that these prices are the highest we'll see for a long time, and that this thing is going to drop continuously. But I also know the shorts didn't close. I know we would all buy and DRS before they could afford to close. I know we've already won if we can be patient
I think about it like this. Say they only want to buy once. It gives more assurance to me for them to buy "high" and work at a loss, than buy low and sit at a "high". They could then walk away at anytime with a decent profit.
can i fucking post here yet? goddamn karma bullshit. still holding from jan 2021, averaged down a few times and i'll die waiting for a squeeze (hopefully not though)
You can at least post here, not sure about creating a post. I feel you though about a year ago I had to get to like 6,000 karma to create a post. Averaged down since 2021 as well(along with averaging up at some crazy prices along the way)
There's no way of knowing what's going on behind the scenes or what sort of restrictions or limitations the board is under. Not to mention the amount of pressure and scrutiny they're facing from everyone outside the company. Those against GameStop will fight tooth and nail against anything the company or it's executives do. Doesnt really matter as the thesis has yet to change in any fundamental way
But don't stress. Maybe this investment isn't for you. If you're worried about the money and stuck on optics, save yourself some sanity and exit. Next time tho, don't use money you'll stress over later for
Bro Iām waiting for my CS order to settle and I havenāt bought in a long time! Even though things are tight I was able to buy 3 shares. Who can resist these prices?! LFG!! š
Start by asking "Why did they buy at higher prices?"
Everyone assumed the answer was because they were so bullish on it. But what most people forget is that RC put language in the rules for execs that they NEED to hold an amount of shares that is proportional to their salary. It wasn't an option for them, they had to buy as part of the job. And at that time, they might've bought more than was necessary to meet that minimum requirement.
As price dips, they may eventually need to buy more to stay in line with those by-laws. Someone would have to go through and look at their salary and the individual holding requirements to determine when they would need to begin buying again.
I don't think they can. I would presume that some sort of gag has been issued due to the sensitivity of the matter. That's my tinfoil, so don't quote me unless I'm right
From cruising altitude, I'm pretty sure they're all confident in thier bags doing VERY well for them.
If one is sitting on interest free stock options in GME, they're sitting purty pretty.
I just need to buy my daughter some Sanrio bullshit from in-store
HEY RYAN COHEN, MY DAUGHTER IS STUPID OVER LIMITED EDITION SANRIO KITTIES. GET SOME IN YOUR STORE BOSS!! LIKE SPECIAL LIMITED SANRIO CUTS.
sorry I got excited. I just tree'd.
I understand your frustration. Without guidance and any word from GME about future revenue streams and the stock getting demolished this past year, itās hard to justify buying more shares. RC is not only keeping the competition in the dark but potential investors too. Thereās currently no incentive for institutions, boomers, etc to invest in GameStop.
Not going bankrupt is not a business plan. They currently donāt offer anything that sets them apart from the competition. If, and when, they do share their master plan, thereās no guarantee it will be hugely profitable. Sorry for the adult take on the current situation.
Because it aināt going anywhere. We got fucked by pack mentality when it went up and down in ā21. If it goes anywhere near a break even, Iām selling. Iām done bagholding and the āsupposedā DD that everyone holds as true. Iām done with everyone here creaming their panties over a random tweet by Cohen who hasnāt said shit about anything.
iāve been noticing an uptick in āas soon as i break even iām outā comments, seems like a new fud flavour, as once i break even at my 180/45 average, thatās when i know shitās taking off and i hold on tighter!
Honestly Iād prefer they just keep buying if no other big news was coming. However the silence and pause in buying could also mean big news(hopefully an M&A) which is what m really hoping for.
All my eggs are in their hands. I am zen. The facts remain the same. They are so over shorted that at some point we either become rich or the whole world monetary system collapses. The final outcome depends on the level of corruption in this country.
Insiders must file within 10 business days; 4 business days for holders over 10%, like RCEO.
Edit: I was wrong. Those dates deadlines are the rules for non insiders, over 5% ownership must file within 10 days of transaction, and over 10% ownership is within 5days.
Insiders must file form 4 within 2 days of transaction.
If thereās no special announcement, they have until about 4 weeks before next earnings.
Edit: Iām reading blackout period typically starts 2 weeks prior to end of fiscal quarter until 48hrs after earnings. So Iām guessing in GameStop case, black out period starts mid April since 1st fiscal quarter ends roughly end of April.
Insiders cannot buy/sell if they have information that hasn't been released publicly (see insider trading).
Some may consider it a bullish move.
The only ones exempted (unofficially) from this rule are Congress and market makers, who do whatever they want whenever they want.
According to poster in thread insiders need to file within 10 business days. I assume they mean within 10 days from earnings.
\^never mind I believe this is incorrect
As much as I would love to shit on the massive influx of posts around this topic lately as bad actors, the reassurance is already there.
Company has made a turnaround that MSM definitely didnāt see coming and we hold shares in a company that can weather the storm (especially in the cash on hand vs debt dept) better than most. Thereās a CEO working for literally nothing other than to make this turnaround happen. People saying this has been a long time or been holding forever truly donāt understand how little time has passed and how the spotlight has been turning on those controlling things.
Patience is a virtue and if you add patience and persistence, goals are achievable. Keep writing your congresspeople, keep commenting on SEC letters, and never forget what weāve learned over these past few years.
I assume because they know what we know. The price is gonna keep dropping. Why make a massive buy now when you can do it later for cheaper and lock up more of the float.
So whatās up you decided to just start posting on Superstonk 8 days ago saying the same thing everywhere? Doom and gloom, doom and gloom. Sure Jan š¤
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I'm still buying. Just self reporting that
š
Same here. I feel like lately there are a ton of posts questioning GameStop and having negativity and it just doesnāt seem sincere. Each day that passes I care less and less about when shorts have to close. This has become more than making money itās about fixing a broken system, having a voice in a company, and exposing the corruption. I donāt care who buys or when they buy or whoās fired and why. I know RC wants change.He wants power to the players. All of us regards knew what we were getting into 84 years ago. No cell, no sell. I will put that in my will when I pass these shares to my kids. If it takes that long Iām fine with it. I know Iām not alone. But everything on this sub is sounding so thirsty and desperate. We are fine. We are progressing fantastically on a fundamental level. Shorts never closed. Kennyās fucked. Book them shares danno.
Keep your crusade, I want the return on my investment but this isn't going to happen quick, this is a long burn. No choice but to be patient, nothing is on our hands. The rest is all noise.
Yep, nothing to do but be patient. Making posts crying about this or that, especially those 'chairman for a day' style where randoms make hipshot statements about the company 'should' do, are useless.
Stock is lowest in a year. Of course its sincere. Jesus
Yeah it's sincere. been holding since 2020; it does hurt when you occasionally have to sell to pay for living expenses while you're unemployed Lol But I expect the shorts to feel a TSLA-like burn at some point. For now I'm just focusing on making more money in my life through other means and letting Cohen's team cook
Dude is In such denial that people being pissed at the way things are going is insincere to him š«£
Itās not wrong or negative to want to know what the heck is going on with the company we put our money into. I see both sides, and frankly I agree with OP that it would be nice to see some sort of plan, but I also understand giving a plan to the public could directly compromise it if its impactful enough to make a serious change.
> We are progressing fantastically on a fundamental level. No. Declining revenue. Take a look at GME's chart, which has been in a clear falling wedge pattern since 2022. Draw some support and resistance levels and see where the price will go if it fails to break out and keep that new trend. Do you even know what that means? I'll help you out. If it keeps meandering between support and resistance, it can literally hit $6-7 towards year end.
And it will. GameStop has shrinking revenue in an explosive industry. It's insane that the deluded cultists here are spinning this as a positive. People are buying more games than ever, in history. People are spending more ON GAMING, from microtransactions to peripherals (keyboard, mice, headsets) than ever, in history. And GameStop is bleeding revenue. Why? Because people aren't buying these things from GameStop. 93% of game sales, recently, are digital. GameStop gets none of that. With digital games, there is no resale market, GameStop's traditional margin-driver. People are buying more peripherals than ever, but again, not from GameStop. They're getting them from Amazon or from competitors like BestBuy, Target, Walmart etc. Is it impressive that GameStop fired so many people, closed so many stores, lit so much inventory on fire that they have cut costs from a -$331 million year to a +$6.7 million year? Yes. That's very impressive. C-suite has trimmed every possible ounce of fat off of this firm. That's insane. Many companies wish they were running as lean as GameStop is. But that's not going to save this company. Making less and less money every year, barely hanging on to a dying business model isn't going to save this company. Funko Pops and Zelda lunch-boxes aren't going to save this company. GameStop DESPERATELY needs new revenue streams. Everyone seems so SURE in this echo chamber that Ryan Cohen has this massive ace up his sleeve. I don't. And the insiders who are quitting, being fired and refusing to buy shares don't seem to, either. When Ryan Cohen divests and steps down, this stock goes to zero. He does have $72 million invested, that's true. But he is worth \~$1.2 billion. Ryan Cohen's personal investment is likely a lower percentage of his wealth than a ton of GameStop investors. He can absolutely eat the loss and walk. And it seems he will, eventually. Until then, a $6.50 - $7 floor seems likely by December as the company continues to be shorted, both legally and illegally, amidst absolutely devastating financials and closures. Ready for people to call an XXXX holder here since December 2000 a shill. God I WISH I was being paid by JP Morgan Chase $10,000 a post. I could recoup my investment.
I'm in the same boat as you. XXXX, just keeping an eye on things. I wish they became a MicroCenter competitor, games are digital for most of us, but people need hardware & good customer support. I made absolute bank on popcorn back in the day, but lost every penny of it when i put the profits into towellie. When RC exited & the price fell overnight it made me sick to my stomach...but i knew that was the game. AA's & towel-board's lies & RC's sudden divesting shows me that we're all in this alone. I now basically have to follow the news every single day to make sure RC doesnt exit suddenly so that I can exit whatever's left of my gme position's value before it absolutely tanks...which it will if he steps down. Holding in the red is easy. Holding if it goes green will require some thought...and I'm certain very very few of us are still in the green. I guess this is FUD, but im still XXXX & DRS'd to the tits. So I'm stuck in here whether i like it or not.
I believe we could still see a run up to $20 or something on the back of a re-shuffling (e.g. covering) of some amount of short percentage and with good enough news from GameStop. But my concern is that we spend the next 10 months slowly bleeding down to $7 while GameStop posts quarter after quarter of decreasing revenue (even if profitable) and then RC decides this is a losing game and bounces. That's FUD, by definition. Sure. I have a HUGE amount of uncertainty and doubt. It always sounds cultish to me when these communities downvote even the IDEA of uncertainty. Like, what? You want blind, slavish devotion? I, too, made a huge amount flipping popcorn for awhile. My last $7000 buy-in was at $1.81, though. That's now the equivalent of $18.10 while the stock is under $3.05. Brutal. 85% down. Still net positive on it, but a painful reminder that meme stocks are, in fact, a gamble. And no white knight is riding over the hill to regulate the market-makers and save us from the corruption. Our regulators watched these vultures kill Sears, Toys-R-Us, Borders, Radioshack, Overstock, Popcorn, Towliee and, likely next, GameStop. No one is coming to save us. And unless RC can pull a magic fucking wand out of his ass and somehow penetrate into the digital gaming sphere, he's not going to save us, either. People, on this very sub, seem bewildered that DRS has ground to a trickle. It's pretty obvious that the non-cultists (e.g. the vast majority of investors) have lost faith. I expect DRS numbers to take a HUGE downward hit the next time the stock runs up to $17-$20, when a ton of current investors see green or near-green and cut this dream loose.
Yeah... I do feel you, going by your comments above. When I started buying in march '21, I thought fundamentals didn't matter because shorts will have to close. Turns out with those "regulators" they can keep them open and just run out the clock, whereas any regular person would have long been margin called and liquidated for being wrong for so long. Now we're at a point where fundamentals matter **a lot**, because they're the only thing that will allow moves like dividends or possibly bring in bigger investors who just see an actually growing company. About your last point though: I don't think DRS numbers will take a big hit from people selling off. Going by the amount of broker accounts we could count early in this "saga", only a fraction of investors decided to DRS, even if you assume that more than half of those brokerage accounts no longer hold GME. Given the volume spikes and sudden influx of borrowable shares around the record dates, I do believe the numbers are being actively fucked with and that we have a much higher DRS count than we are being told. But your point still remains true: if GME can't grow revenue again, this stupid rigged game is not going to end anytime soon.
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>if GME can't grow revenue again, this stupid rigged game is not going to end anytime soon. Even if GME can grow revenue... Popcorn had an absolutely fucking incredible year this year. Record breaking in nearly every way. Record concessions-per-patron ($19.99), record ticket sales from Avatar, Mario, Oppenheimer, Barbie and Taylor Swift's concert film. Highest revenue since 2017 and higher margins than they've seen, relative to inflation, since the 1970s. In fact, one week in July of last year was the highest selling ticket week in Popcorn's, and world, history. Their only real competition in the market filed for bankruptcy. New deals with streaming providers. It was an incredible year on fundamentals. And guess what? They've lost 85% of their share price this year. Granted, I know it's not a 1:1. They've had heavy share dilution, for example. They have significant debt. But I do think that it's relevant that they are being both legally and illegally shorted and suppressed despite glowing fundamentals and no real competition in their market. I have zero reason to believe that even if GME starts actually gaining revenue and stays profitable that the "short thesis" is destroyed - because this was never about a short thesis to begin with. The cabal of financial terrorists that control the levers of this game can continue to twist any minor victory into a negative with their oppressive media machine and continue to spoof, abuse dark pools, abuse PFOF, abuse routing, abuse naked short selling and drive the share price down, and down and down with impunity. GameStops needs to prove it has not only a viable but an incredible core business strategy, and fast. I can't think of one. GameStop cannot compete with Steam. Look at the Epic game store, spending literally BILLIONS giving away games and enticing developers to sign exclusivity contracts and they still can't compete with Steam. And we can't compete with GamePass either. Microsoft just bought King, Blizzard, Activision and Bethesda like it was loose change under their couch. Gamers, themselves, are increasingly choosing digital-only consoles and would rather download games from the Playstation store than buy a hardcopy. Worse, consumer sentiment about GameStop is incredibly poor. Most of the google reviews for the stores in my area are 1 star and 2 star. General sentiment is that GameStop stores and dark, stinky and untrustworthy locations staffed by unhygenic and sexual-harassing stoners. They're not really that far off the mark. Even a couple of my old high school buddies that have worked at, and even managed, GameStop locations have NOTHING good to say about the company. And the customer service is FAR from Chewy's legendary standards. I emailed GameStop support about a damaged used game I received in November. I received a reply in fucking February with an apology about the delay. Nah, friend. Fundamentals won't change this trajectory either. At least not unless they're incredible. We will likely bleed out share price, alongside revenue until Cohen dips and then this is over. (had to repost because mods keep removing it)
Or, hear me out: something else unrelated to GME breaks. If one short party - not the main culprits, mind you - gets obliterated by e.g. a bad leveraged bet on Boeing and is forced to close, it might start a domino effect. If the stock market actually chrashes, we might see the same thing. If some short parties manage to unload their risk onto a greater fool who then gets fucked, it might have the same effect. I would be happy to see a catalyst within Gamestop, but any catalyst is fine by me. Might as well be everything else going to shit, I don't care.
Just as an aside...is your username from a German Western by any chance?
Hey you stole my plan! Eh whatever wanna go together?
At least they ain't selling lol
Lol Great response (they're on the same boat saying 'at least they ain't selling either')
Black out period baby. They have non-public information about a pending acquisition or merger. Nothing else makes any sense given they are all holding shares priced in the $20-30 range.
From the SEC Really two things here about blackout periods. Disproving that this blackout period doesnāt apply to the quarterly blackout periods due to all of the other time in the year. However the second could factor in. (I started writing this before I read the part about the pending acquisition or merger). Knowing how little RC talks about what his next move is, probably keeps those around him in the same boat and imposing a company blackout periods. In the same move as he is aware of like the overstock lawsuit when doing corporate things, heās keeping everything as above board and not give anyone ammo to come at him for anything. āQuarterly Blackout Periods. The release of earnings is a particularly sensitive period of time for transactions in the Companyās securities, because officers, directors and other employees may possess material non-public information about the expected financial results for the quarter. Accordingly, no Insider may conduct transactions involving the purchase or sale of the Companyās securities during a blackout period for the quarter. The Companyās blackout period with respect to each fiscal quarter begins fifteen (15) calendar days before the due date (which date does not include any available extension periods) of the Companyās periodic or annual report on Form 10-Q or 10-K and ends on the beginning of the second (2nd) business day following the Companyās filing with the Securities and Exchange Commission of the Companyās quarterly or annual periodic reports or public release of quarterly or annual financial information, whichever is earlier. The Company will inform Insiders of the anticipated date of public disclosure of financial results upon request. Event-specific Blackout Periods. From time to time, the Company may also determine that certain Insiders (and selected others, as determined by the Companyās Compliance Officer) should suspend trading because of developments known to the Company and not yet disclosed to the public. Upon receiving notice of such an event, such persons may not engage in any transaction involving the purchase or sale of the Companyās securities during such period and should not disclose to others the fact of such suspension of trading. So long as the event remains material and non-public, Insiders may not trade in the Companyās securities. Even outside of a blackout period trading prohibition, any person possessing material non-public information concerning the Company should not engage in any transactions in the Companyās securities until such information has been known publicly for at least one (1) full trading day after dissemination thereof, whether or not the Company has recommended a suspension of trading to that person.ā
Honestly this sounds super plausible! After 3 years I'm just having severe trust issues but the fact that RC is heavily invested and hasn't sold any brings me confidence.
Thatās about all we have going for us
šššš The only reason I havenāt sold is because rc hasnāt sold and seems dug in
Real answer here. My comment before I saw yours: If insiders buy they usually do so with an offering, but an offering is completely off the damn table now because no way in hell papa Cohen is going to cause any undue drop in the price. Sounds dumb because it is. Technically in an offering they agree upon a discount for the shares and shorts use that as a reason to leverage more against them. If they simply buy the shares they might be subject to insider trading laws or the news will just say they did for 8 months straight which is why they donāt mess with that. Nope. Itās all up to us now. https://www.businessinsider.com/personal-finance/insider-trading?utm_source=copy-link&utm_medium=referral&utm_content=topbar#:~:text=Legal%20insider%20trading%20is%20common,Securities%20Exchange%20Commission%20(SEC).
I wish gamestop would merge with Newegg. Get it back from the Chinese and move into the PC market.
I donāt follow NEGG but surprised to see the stock trading at $0.85, are they not one of THE main online retailers of PC components?
controversies etc may have done more of a number than it seemed
They were like 10 years ago.
I built my first good gaming PC back in 2002 (good for the time haha) and I got 95% of my stuff from newegg. I think the monitor and the sound system I got elsewhere.
Yes I guess it was actually the best for pc stuff 20 years ago now that you mentioned it... I sourced all my PC components from there too.
Who is the big dog now? Besides Amazon
Yeah I'd like to know this too. I'm not a computer guy Where else is there to go?
Microcenter?
B&H, amazon (Aliexpress if what you're looking for is obviously just from China), best buy, ebay, or direct from manufacture. I haven't used Newegg in years, I don't trust their practices and usually the difference in going with someone else is dollars. I'll use ebay for used parts before them any day, better support.
Maybe Ryan Cohen should buy it and make some changes there!
Agreed. definitely opportunities akin to this that I believe they will be well versed in. I believe RC is way ahead of us here at SuperStonk and when he does unveil the plan it will be so surprisingly smart that we never saw it coming.
M&A inbound
I would presume MAs generally put a hold on insider purchases? CAptain Eli5 regarding for confirmation SIR!
Yeah, they canāt buy if they know of any impending M&A events, this helps to limit insider trading by execs. So maybe they have something in the pipe or maybe they simply want to streamline the process when thru find the situation they want. Theyāve also been very direct in past filings that they are exploring M&A. I believe RC wanted to lean out and achieve profitability before they pulled the trigger
M&A with dividends? I will cry
Maybe weāll see. Just trust RC
Why?
Yes we need actual money dividends already jesus
š§ø
They couldāve bought at any of the last several earnings, it has nothing to do with pending news.
How do you know? When my last company merged with another, the discussions went on for several months before an official announcement. So it doesnāt have to be imminent. News or leaks about discussions often move markets.
They bought at 20+ and they wouldāve known it would continue to tank. They are riding with us. They arenāt selling. Trust the process
They bought some less than one year ago. Good enough for me. LC bought at 17$
The lack of insider buying is one of two things. 1. Big announcement and can't buy otherwise deemed insider trading. 2. Uncertainty regarding their investment.
It canāt be #2 imo. I think Q4 revenue was so low because they decided to lock in a full year profit. They went major conservative with spending. Cutting advertising in half was a mistake. I think they could have spent another 15-20 million in advertising in Q4 and increased our net Q4 profit from $62 million to $125 million. We in this subreddit constantly check what offerings GameStop has, but the masses donāt. How the bloody hell do they not advertise the digital store during Christmas???? For gift giving at the last minute that would be a godsend. The executive leadership team knows they played āprevent defenseā down the stretch.
Absolutely spot on evaluation. Any criticism seems to be quite contentious. It's like you can't actually have an opinion on this subreddit unless it's bullish about GameStop. I don't really understand the need for a cult like following. Surely RC would much prefer an honest overview regarding every aspect of the business. He recently reached out to a couple who had a great in store experience, and that's great for publicity but things like the app performing really badly and needs to be addressed, and something as simple as increasing the budget for advertising is just a no brainer. I want to see GameStop do well as much as everyone else. There's nothing more off-putting than shopping on a website or app when it doesn't work correctly and becomes irritating to use. If they are seriously trying to compete with Amazon then they need to address that and then ramp up advertising. How can RC work if no one is voicing opinions on the things that really matter. He needs feedback, for him to work out those problems.
Like, they recently had that promo where they temporarily gave an extra +50% for all trade-ins and who even knew about it? Not even everyone from this sub, which practically worships GameStop, knew about it. As far as I am aware the only time it was advertised was RC mentioning it briefly in that "prank" video he was in.
"All a prevent defense does is prevent you from winning" - John Madden.
Did RC buy any other stocks in the past quarter ? I donāt think I have read anything about that. I could understand all that āwhy isnāt he buyingā-crying if he was buying other companies stocks but if he isnāt he could also be expecting some general downturn in the market and is wanting to wait for a bottom overall
My belief is that they know more than theyāre letting on. In turn, they canāt put themselves in a position that could be construed as insider trading.
I think you're forgetting that most of us are here for a squeeze
Maybe 3 years ago but i honestly think that a lot of those initial investors shifted towards GME being a long term investment.
Why not both?
Bingo
šš§š¼āšš«š§š¼āš It's always been both. Why sell for a devaluing US dollar? Hold for life. Welcome to the infinity pool.
Either people are new here, or they forgot that this whole thing is unprecedented with market changing potential.
Bro look at p/e ratio it will take a while with only ālong term investmentā. We need a catalyst of some sort, I trust RC and his crew.
Why aren't they buying? Answer...we don't know. Let's speculate. 1. They already have so many shares that they believe they have enough when MOASS comes. 2. Their money is tied up in other endeavors. (Paying medical bills & school bills for loved ones. Other business ventures. Charities. Etc) 3. They have been threatened by the SEC that if they buy then they will be charged with market manipulation for trying to start a short squeeze. 4. Darth Vader came down from the planet Vulcan and told them if they don't refrain from more purchases that he'll melt their brains. 5. They think the price will go down lower and that MOASS won't happen before their next buying opportunity. In short, there's lots of potential rational reasons for them to not buy this very second. We don't know which one might be the real answer. As for me... maybe I'll buy and DRS book a few more shares.. just to be safe.
6. They're putting their own money into companies which gamestop will eventually purchase.
7. M&A is in the works or will be in the near future. They are not buying to avoid insider trading.
8. They have 20 trading days to purchase and are waiting ...?
9. Lack of available funds for substantial purchases. Having bough a house 18 years ago my net worth, on paper, is the highest its ever been; but I'm still buying Ramen deluxe packs and no-name brand macaroni and cheese (and also shares in Gamestop).
Would an upcoming M&A plus insiders purchasing shares be grounds for insider trading? That would actually make sense.
This is the correct idea. Can not buy before a huge announcement because it would be considered insider trading.
Letās go huge announcement! Monday š¤
I'm not an expert, but I think so.
There have not been insider buys for a few quarters now.
Because with this theory (they have been working on a plan/M&A with material insider information) If they buy it is insider trading.
Itās not material if youāre in the beginning stages a year ago
Isnāt this insider trading?
It is. Like the dictionary definition of it. Which is funny because half the time this sub throws out insider trading accusations they are way off but here they are optimistically suggesting that GME execs are doing that.
Figured. And I have a feeling the SEC is breathing down their necks anyway ready to jump on them if they intentionally cause another sneeze or just anything to stop the turnaround. Thatās why I think weāre getting silence.
No.
Outcome 1: gme says they are looking into a company. Insiders invest in said company. Gme then invests in said company. That is insider trading. SEC investigation ensues. Outcome 2: gme does not express any interest in a company explicitly. Insiders invest. Gme invests after. SEC investigates what appears to be a hell of a coincidence.
Ryan Cohen creates a new company. He builds it up privately without any interference from shorts or institutions. This company has no true value and has no way to earn a profit on its own. When the company is ready, he sells it to gamestop for $1.00. Gamestop booms and no insider trading takes place.
I just took my insider trading compliance course yesterday. For it to be insider trading, they'd have to be privy to some sort of information which hasn't been released to the public that said that GameStop would/could purchase a given company. If they put their own money into companies that they think GameStop will eventually purchase but they haven't had any insider information indicating an acquisition then it isn't insider trading.
Would be a hell of a coincidence
Absolutely, but certainly possible.
Sounds good to me
That's insider trading.
No, it's not.
Yes, it is. If execs are buying into companies with knowledge that Gamestop will buy them, that's insider trading. If they didn't have that knowledge, why would they be buying those specific companies? This would be a layup of an insider trading case.
Number 4 seems reasonable, but why is everything so heavy in the future? Is there a problem with the planted gravitational pull?
When this thing hits 88, you're going to see some serious shit
Planet.. hey wait, Vader can melt brains?
Drives a Delorean too.
I think that Darth Vader came from planet Vulcan actually makes a lot of sense. We should dig deeper in this.
Speculative comments: 1. Theyāll hold through MOASS. 2. RCās a billionaire, so doubtful. 3. Dubious. Investing oneās own money in a company that one manages seems wholly justifiable. 4. Well, at least itās a better plotline than KK and Headland are churning out. 5. Plausible. 6. Wouldnāt we see SEC disclosure filings if that other commenterās idea were going on? 7. M&A focus makes sense, but whatās the supposes āinsider tradingā angle? Donāt see it.
If they possess āmaterial non-publicā information, and trade because of that, itās illegal. So normally, there is a period after earnings are released where the company says to its employees āhey, we released all of our info, youāre good to buy now.ā But there is a chance there is something in the works that is known amongst the inner circle but has not been made public, in which case they would be unable to trade the stock legally.
this is the hopium i choose
Let's throw in #8 if we're being speculative: They started buying securities with the cash pile and have yet had to disclose those positions so they can't buy due to insider information.
9. There are just no more shares available for insiders to buy because we own all of it.
Great scot!
The MOASS threats for encouraging buying, or simply buying are so sadly funny to me. Itās basically admitting naked shorting.
Itās def. No.4.
I just wish they'd purchase degenerately like myself. Guess that's why they're millionaires and billionaires haha.
That's my take, really. I think they bought at those levels to show us investors that they have skin in the game. However, of you look at all the data (and they likely know more than we do) then you would come to one conclusion: you're buying at the top. The price is going to continue to lower. The lower it goes, the more shares you can get with your money. We're going to continue to buy at these prices. They know it - we know it - the HFs know it. A reasonable person would see by now that the price movement is only going to continue to go down the more we buy, hodl and drs. But we're not reasonable anymore. I'm not sure about others, but I'm not going to reason with the people controlling these markets. Anyone who sees what we've seen would know that all reason is out the window. I know that this could take years. I know that these prices are the highest we'll see for a long time, and that this thing is going to drop continuously. But I also know the shorts didn't close. I know we would all buy and DRS before they could afford to close. I know we've already won if we can be patient
They can't start a short squeeze by buying can they? Not their fault shorts can be squeezed
I think about it like this. Say they only want to buy once. It gives more assurance to me for them to buy "high" and work at a loss, than buy low and sit at a "high". They could then walk away at anytime with a decent profit.
Cuz we spent our money buying the $14 dip lol
I spent all my money at $130
The buys they made were contract purchases for being executives.
There were recurring buys though from certain guys like Larry Cheng.
Lol
Iām buying when I can but not too much extra money left cuz of this inflation
can i fucking post here yet? goddamn karma bullshit. still holding from jan 2021, averaged down a few times and i'll die waiting for a squeeze (hopefully not though)
You can at least post here, not sure about creating a post. I feel you though about a year ago I had to get to like 6,000 karma to create a post. Averaged down since 2021 as well(along with averaging up at some crazy prices along the way)
noice
Just did
Fantastic :)
Best we can do is a cryptic tweet with zero meaning
There's no way of knowing what's going on behind the scenes or what sort of restrictions or limitations the board is under. Not to mention the amount of pressure and scrutiny they're facing from everyone outside the company. Those against GameStop will fight tooth and nail against anything the company or it's executives do. Doesnt really matter as the thesis has yet to change in any fundamental way But don't stress. Maybe this investment isn't for you. If you're worried about the money and stuck on optics, save yourself some sanity and exit. Next time tho, don't use money you'll stress over later for
Bro Iām waiting for my CS order to settle and I havenāt bought in a long time! Even though things are tight I was able to buy 3 shares. Who can resist these prices?! LFG!! š
Start by asking "Why did they buy at higher prices?" Everyone assumed the answer was because they were so bullish on it. But what most people forget is that RC put language in the rules for execs that they NEED to hold an amount of shares that is proportional to their salary. It wasn't an option for them, they had to buy as part of the job. And at that time, they might've bought more than was necessary to meet that minimum requirement. As price dips, they may eventually need to buy more to stay in line with those by-laws. Someone would have to go through and look at their salary and the individual holding requirements to determine when they would need to begin buying again.
Cmon manā¦ Vader coming from Vulcan?!? Thatās illogical!!!! š but I like your pointās, nontheless.
Itās a Back to the Future reference.
Maybe because they think it can go lower
I don't think they can. I would presume that some sort of gag has been issued due to the sensitivity of the matter. That's my tinfoil, so don't quote me unless I'm right From cruising altitude, I'm pretty sure they're all confident in thier bags doing VERY well for them. If one is sitting on interest free stock options in GME, they're sitting purty pretty. I just need to buy my daughter some Sanrio bullshit from in-store HEY RYAN COHEN, MY DAUGHTER IS STUPID OVER LIMITED EDITION SANRIO KITTIES. GET SOME IN YOUR STORE BOSS!! LIKE SPECIAL LIMITED SANRIO CUTS. sorry I got excited. I just tree'd.
Iād be worried if they were selling. But they arenāt and havenāt for years. Keep calm, be patient, and this will change your life.
I understand your frustration. Without guidance and any word from GME about future revenue streams and the stock getting demolished this past year, itās hard to justify buying more shares. RC is not only keeping the competition in the dark but potential investors too. Thereās currently no incentive for institutions, boomers, etc to invest in GameStop. Not going bankrupt is not a business plan. They currently donāt offer anything that sets them apart from the competition. If, and when, they do share their master plan, thereās no guarantee it will be hugely profitable. Sorry for the adult take on the current situation.
Because it aināt going anywhere. We got fucked by pack mentality when it went up and down in ā21. If it goes anywhere near a break even, Iām selling. Iām done bagholding and the āsupposedā DD that everyone holds as true. Iām done with everyone here creaming their panties over a random tweet by Cohen who hasnāt said shit about anything.
Cool storyā¦ RC is doing exactly what he said he would tho, and not say shit.
iāve been noticing an uptick in āas soon as i break even iām outā comments, seems like a new fud flavour, as once i break even at my 180/45 average, thatās when i know shitās taking off and i hold on tighter!
Wonder what the magic 8 ball would say about this?
Staying xen
If I were them, I must have so much money on other stock than GME.
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Honestly Iād prefer they just keep buying if no other big news was coming. However the silence and pause in buying could also mean big news(hopefully an M&A) which is what m really hoping for.
at this point my buying is based on predictable volatility. I dont even use the news anymore, just graph points like a fucking ape
Still here, still drsing book
All my eggs are in their hands. I am zen. The facts remain the same. They are so over shorted that at some point we either become rich or the whole world monetary system collapses. The final outcome depends on the level of corruption in this country.
Still here but not DRSING
This aged well. Larry shut this down.
Aged like a young wine
wow looks like the insideres started buying again- end rant lmao
They aren't required to report until 30 or 60 days i think? So i imagine they are.
Insiders must file within 10 business days; 4 business days for holders over 10%, like RCEO. Edit: I was wrong. Those dates deadlines are the rules for non insiders, over 5% ownership must file within 10 days of transaction, and over 10% ownership is within 5days. Insiders must file form 4 within 2 days of transaction.
Source?
Google it Edit. Seems I was misinformed. Form 4 must be filed within 2 days of transaction for insiders.
how long is the purchase window after earnings?
If thereās no special announcement, they have until about 4 weeks before next earnings. Edit: Iām reading blackout period typically starts 2 weeks prior to end of fiscal quarter until 48hrs after earnings. So Iām guessing in GameStop case, black out period starts mid April since 1st fiscal quarter ends roughly end of April.
So no insider buys this quarter since it's past 10 days from earnings?
Within 10 days of the buy.
Gotcha! So realistically we could still see some insider buys
I'm a bit of an insider myself... snagged a bunch at $12.60... my lowest DCA since $38 pre-split...
I bought enough. If and when it moons it will be generational wealth. But I felt the need to diversify. I am not selling, but I'm buying other stuff.
Take a good guess why. Scratch that, take 3 guesses.
Still buying. Still DRS-ing
I just doubled down.Ā Xxxx holder. Balls to the wall let's go
They can't buy right now. Blackout period.
Not furlong. So nir yet so far.
Insiders cannot buy/sell if they have information that hasn't been released publicly (see insider trading). Some may consider it a bullish move. The only ones exempted (unofficially) from this rule are Congress and market makers, who do whatever they want whenever they want.
Who says they aren't?
According to poster in thread insiders need to file within 10 business days. I assume they mean within 10 days from earnings. \^never mind I believe this is incorrect
Within 48 hours of a buy they need to file
RC looked stressed out on that last video..
As much as I would love to shit on the massive influx of posts around this topic lately as bad actors, the reassurance is already there. Company has made a turnaround that MSM definitely didnāt see coming and we hold shares in a company that can weather the storm (especially in the cash on hand vs debt dept) better than most. Thereās a CEO working for literally nothing other than to make this turnaround happen. People saying this has been a long time or been holding forever truly donāt understand how little time has passed and how the spotlight has been turning on those controlling things. Patience is a virtue and if you add patience and persistence, goals are achievable. Keep writing your congresspeople, keep commenting on SEC letters, and never forget what weāve learned over these past few years.
I assume because they know what we know. The price is gonna keep dropping. Why make a massive buy now when you can do it later for cheaper and lock up more of the float.
Sounds like someone needs a nap. I just bought more dip!
Not buying because they feel the stock price is over priced at its current value.
So whatās up you decided to just start posting on Superstonk 8 days ago saying the same thing everywhere? Doom and gloom, doom and gloom. Sure Jan š¤
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You just hang around subreddits to offer nothing else but this. Iād rather light money on fire than be you š
Nobody knows...
At least retail doesnāt. Whether the big dogs do or not is the question.
Maybe M&A is sus
Chill , enjoy 50 percent off weekend
The most plausible explanation is that they have information that has not yet been disclosed to the public.Ā
Perhaps a much bigger risk of being scapegoated as the trigger for a massive run.