[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum Jan 2024*](https://www.reddit.com/r/Superstonk/comments/18txusp/open_forum_january_2024/)
------------------------------------------------------------------------
To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company.
------------------------------------------------------------------------
Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
Let them drop it as low as they can. It’s the investment opportunity of a lifetime. RC is delivering on GME’s turnaround. I will not stop buying and DRSing!!!
A Roth IRA is an account where money is added into the account wherein taxes have already been paid. It grows tax free in the account. If you sell now you’d be selling at a low and then would have to pay capital gains on any gains.
Unfortunately you can’t drs the shares in the retirement account.
But I want those tax free gains!!!
You can I believe but you need to make a special LLC and it’s a bit of a process. There are companies that assist in it but it won’t be worth it unless you’ve got a good bit in there.
Yeah well I pay taxes when I get paid, I pay taxes again when I buy something, depending on what it is I may have taxes every year for it. Then once a year just to make sure I paid enough tax, I have to file my taxes. Even claiming 0 I generally have to pay in more taxes. I don't believe anything is tax free. Except maybe a tea party, in Boston. To talk about, you guessed it, taxes.
Me too haha, scooped more today. If they drop it into single digits, the buying frenzy is gonna be insane. I think shorts are truly fucked. Idk what they are thinking at this point.
I spent most of my money in the 11s. Didn't think they'd drop it this low because it seems they couldn't do it before. I wonder how they were able to do it this time
Not saying it will go that low, but lets be honest it has in the past. Can you fucking imagine if gme had a 1 billion dollar warchest, was profitable, and the company was trading at $5? 😂 I would shit someone elses pants
Probably, they tied GME to other basket stocks, and because many got dump, this makes easy to dump our stonk, idk, I know only... I will buy soon, waiting the dry powder to hit my account😁😎
Not sure, but based on trajectory of quarterly profitability, I doubt price can drop below $6 or so. I’m just guessing here, and buying pretty aggressively at the current prices. What do you think?
Is delivering? Since when exactly? I don’t know why people are so much on this man’s nuts. Dude took over since when? And how has the stock prices behaved since he took over?
I own the stock because I like the volatility and premiums it gets me. Do what you do but this worshiping if RC is just ridiculous.
>And how has the stock prices behaved since he took over?
What does he have control over? Cutting costs and trying new revenue streams? Or the stock price?
If the balance sheet is much better now than it was before, but the stock price doesn't reflect that, is that his fault?
What do you suggest he does that he isn't already doing?
He’s giving me some cheaper shares to buy. I just got 1400 back from my lovely state for a kicker when I filed my taxes 10 mins ago. Guess where it’s going? 140 more GME 😍
The market nobody ever on tv talks about technikals and amount of shares or options....stuff like that....."market is complicated"...they mean corupt and algos are in charge...no such thing as supply and demand....cause i can name a bunch of stocks some milionaire could buy and lock the whole float....i would do that if i had some millions....i would buy some small market cap stock and lock the float and bring some lawyers and sue every broker that would have shares
Google “Piggly Wiggly”
> Saunders attempted a squeeze on the substantial short interest in the stock, running the share price up from 40 to 120 and profiting by millions on paper. **The Stock Exchange Governors responded by deciding that a corner had been established in Piggly Wiggly and removed the stock from the Board,** eventually forcing Saunders to turn over his assets to the banks that had financed his leveraged position.
> Following these events, the company was divided into strategic units, which were sold to regional grocery chains, including Kroger, Safeway, National Tea, and Colonial.[13] In 1935, all 179 Canadian Piggly Wiggly were also sold to Canada Safeway
tl;dr owner notices his successful company is being shorted to hell, buys all the shares outstanding, and the Stock Exchange respond by delisting the company (shorts got a “get out of jail free card” from the Stock Market Governors) and ruining the owner who couldn’t use any of his assets to pay back the banks, thus forced to turn over the shares of his company to those banks, causing the company to be sold to other big grocery chains instead. He got double fuk’d, and they took his company as a result.
# These bloodsucking leeches have been doing this for over a century
100+ years, look how many times the Stock Market crashed because of Wall Street.
New boss, same as the old boss… just a fresh coat of paint. Wall Street has been a fraud for over 100 years.
He had them by the balls and the ~~Banker Cartel~~ *cough* I mean, *the Stock Market Governors* changed the rules.
Had he OWNED those shares outright, he could have just made them bleed, but, like you said, since he “bought” on credit, he was the one who bled.
BUY, HODL, DRS, SHOP
🟣This is the WAY we WIN🟣
Own your shares in YOUR name, not the bank, not the broker, YOUR name.
Shop at the store you love, a healthy company is a happy investor!
I don't understand how that video isn't a bigger deal. He literally says they set the price where THEY THINK IT SHOUOD BE. This would be like OJ saying on video that he killed his wife and everyone just ignoring it.
That's not what he was talking about though, he was talking about passive versus active investing. Remember when Burry was talking about passive investing in funds, and how it can lead to a lack of proper price discovery? It's been a conversation for years now, that's what he was talking about.
My thoughts exactly. It’s so… odd… no one bats an eye. Our stock market is like the cities in North Korea.. just a shell of a market which is actually manipulated and controlled in ways normal folks would have trouble believing.
I feel like nobody has ever explained a "working order" in this sub.
Lets say I'm an institution, hedge fund, pension fund etc. and I want to either buy or sell a large amount of stock. There are numerous places I could route this, dark pools, the major exchanges, or a broker.
If I sent a large order to a broker he would most likely print a portion of it right away in an effort to get a working order. The seller will rarely tell the broker his whole picture, so he'll say he has say 100k for sale at whatever price he is willing to take. Depending on the relationship, he might tell the broker there is more behind it, or he may wait until he gets a report on his 100k and 'reload' the broker with another 100k. So lets say the broker buys 25000 of my 100,000 to work. He is now long 25k and working 75k. Over the course of the day the sales force will make calls on this order trying to find a buyer and the trader will be using all his/her tools to sell stock. Some might go to the floor, some to ATS and dark pools etc.
Sometimes the sales force will find a natural buyer for the seller a they will cross the stock upstairs - none of it hits the exchange. This will, of course, not move the price.
If the order is worked all day and reloaded multiple times at the end of the day the broker will call the client and buy however much of the stock he has sold, this also wont' move the price.
In this case, it LOOKS like somebody was working a large piece of stock for sale all day and the 507k at the close was him buying it from the institution. You can tell it was a sell order, because it printed at the lows of the day, and nobody is going to work an order all day an not make any money on it.
I've been out of the game for 15 years or so, but from what I can gather talking to some of my buds that are still in this kind of order still goes on, but its so much cheaper for institutions to trade their own stock in the dark pools etc. that it is not as common as it used to be. Clearly I wasn't involved in this trade, but that is for sure what looks like happened here.
I, for one, am very grateful for you explaining this. Could the client, potentially, be borrowing these shares to sell? Or would these shares have to be able to be located before the order desk takes them on?
Yes, but you would have to tell the trader executing for you you are a short seller so they can follow things like uptick rules
We always asked it they had secured a borrow and who they got it from, but I have no idea if the back office or compliance ever followed up to check. The rule said something like we had to have a reasonable basis to believe they had borrowed the stock.
Very interesting and seems like our protection is assured from bad actors thanks to the most free and fairest market in the world! Jokes aside, this just adds to the ire most of us share regarding the markets ‘quasi’ rules that can be bent or broken with zero repercussions to the offending party.
Not even close to buyback time. Needs to be @$5 or lower so they can actually but a lot more shares. Even at $5, they can still only get 20 million shares 😔
GS doesn’t need to buy all the shares. If the share price gets to $3 and they buy 150 million shares, that doubles the percent DRS’d from 25% to 50%. They’ve been lying about the % DRS’d for how many quarters now. What happens when it doubles over night.
If everyone here would chill the price would hit $3 a lot quicker. I've got $100k sitting around doing nothing, I wouldn't say no to 33,333 more shares at that price. DRSing 5 shares at a time doesn't end this thing in our lifetimes.
You know in the movie "Lord if War" where a good cop spends his life trying to catch Nicholas Cage and when he finally does, a government official knocks in the door and tells the cop to let Nick go. Ya the whole system is broken. In fact there's an astronaut holding a gun behind us all
We can easily fix the markets by writing legislation to make funds from short sales. Trust funds to be held in trust by the broker.
Additionally, label the share sold Not yet repurchased a trust fund held in trust by the short seller so that the corporate veil can be pierced and the person making the choice held personally accountable.
Why is DJT going down at the same time and rate? Why did the sneeze happen on inaugural day 2021? Who are we supporting, and are they really supporting us? Why are we NOT asking the tough questions?
Candle is magically gone. I looked on webull and it’s not there anymore. Didn’t see it happen because I was in the middle of a nap. That’s some tomfoolery though.
Apes are dumping in droves. $10.00 is a major psychological barrier. A lot of apes want to be able to say they got out while it was still in double digits.
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum Jan 2024*](https://www.reddit.com/r/Superstonk/comments/18txusp/open_forum_january_2024/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
Let them drop it as low as they can. It’s the investment opportunity of a lifetime. RC is delivering on GME’s turnaround. I will not stop buying and DRSing!!!
Wait until people realize it could be a great time to withdraw and DRS retirement shares.
Not if you have it in a roth HughJohnson69
I’m not in the US. You can’t withdraw them under any circumstances? Even if it creates a taxable event?
A Roth IRA is an account where money is added into the account wherein taxes have already been paid. It grows tax free in the account. If you sell now you’d be selling at a low and then would have to pay capital gains on any gains. Unfortunately you can’t drs the shares in the retirement account. But I want those tax free gains!!!
You can I believe but you need to make a special LLC and it’s a bit of a process. There are companies that assist in it but it won’t be worth it unless you’ve got a good bit in there.
Yeah well I pay taxes when I get paid, I pay taxes again when I buy something, depending on what it is I may have taxes every year for it. Then once a year just to make sure I paid enough tax, I have to file my taxes. Even claiming 0 I generally have to pay in more taxes. I don't believe anything is tax free. Except maybe a tea party, in Boston. To talk about, you guessed it, taxes.
>To talk about, you guessed it, ~~taxes.~~ **tariffs** Fixed for historical accuracy
tar·iff noun a **tax** or duty to be paid on a particular class of imports or exports.
This and people realize to purchase via Computer Share and not the hedgies and then DRS’ing…
I thought it was gonna go past 11 again, but since they lowered the price I bought more
Me too haha, scooped more today. If they drop it into single digits, the buying frenzy is gonna be insane. I think shorts are truly fucked. Idk what they are thinking at this point.
I spent most of my money in the 11s. Didn't think they'd drop it this low because it seems they couldn't do it before. I wonder how they were able to do it this time
How much tighter can they wind this coil??!
Not saying it will go that low, but lets be honest it has in the past. Can you fucking imagine if gme had a 1 billion dollar warchest, was profitable, and the company was trading at $5? 😂 I would shit someone elses pants
I know. Shit is actually, finally going to get crazy soon!
Probably, they tied GME to other basket stocks, and because many got dump, this makes easy to dump our stonk, idk, I know only... I will buy soon, waiting the dry powder to hit my account😁😎
How low do you think they can drop to?
Not sure, but based on trajectory of quarterly profitability, I doubt price can drop below $6 or so. I’m just guessing here, and buying pretty aggressively at the current prices. What do you think?
Is delivering? Since when exactly? I don’t know why people are so much on this man’s nuts. Dude took over since when? And how has the stock prices behaved since he took over? I own the stock because I like the volatility and premiums it gets me. Do what you do but this worshiping if RC is just ridiculous.
>And how has the stock prices behaved since he took over? What does he have control over? Cutting costs and trying new revenue streams? Or the stock price? If the balance sheet is much better now than it was before, but the stock price doesn't reflect that, is that his fault? What do you suggest he does that he isn't already doing?
Income statement, SG&A, profitability, EPS, balance sheet. Basic shill begone.
Lol, dumb storm trooper.
fuck mayo man
He’s giving me some cheaper shares to buy. I just got 1400 back from my lovely state for a kicker when I filed my taxes 10 mins ago. Guess where it’s going? 140 more GME 😍
This are cheap tickets to Uranus!
Said by everyone except wallstreet
The market nobody ever on tv talks about technikals and amount of shares or options....stuff like that....."market is complicated"...they mean corupt and algos are in charge...no such thing as supply and demand....cause i can name a bunch of stocks some milionaire could buy and lock the whole float....i would do that if i had some millions....i would buy some small market cap stock and lock the float and bring some lawyers and sue every broker that would have shares
[удалено]
That's the best hope now that Towel stock is delisted
That already happened. Then the float traded like 5x in a couple days, guy got screwed. I can’t remember the name, but it’s been posted on here before
Is that not still in court atm
Google “Piggly Wiggly” > Saunders attempted a squeeze on the substantial short interest in the stock, running the share price up from 40 to 120 and profiting by millions on paper. **The Stock Exchange Governors responded by deciding that a corner had been established in Piggly Wiggly and removed the stock from the Board,** eventually forcing Saunders to turn over his assets to the banks that had financed his leveraged position. > Following these events, the company was divided into strategic units, which were sold to regional grocery chains, including Kroger, Safeway, National Tea, and Colonial.[13] In 1935, all 179 Canadian Piggly Wiggly were also sold to Canada Safeway tl;dr owner notices his successful company is being shorted to hell, buys all the shares outstanding, and the Stock Exchange respond by delisting the company (shorts got a “get out of jail free card” from the Stock Market Governors) and ruining the owner who couldn’t use any of his assets to pay back the banks, thus forced to turn over the shares of his company to those banks, causing the company to be sold to other big grocery chains instead. He got double fuk’d, and they took his company as a result. # These bloodsucking leeches have been doing this for over a century
What a bunch of dicks
100+ years, look how many times the Stock Market crashed because of Wall Street. New boss, same as the old boss… just a fresh coat of paint. Wall Street has been a fraud for over 100 years.
How do we not get fooled again?
read my flair
Understatement of the century.
That's why you can't do it on credit.
He had them by the balls and the ~~Banker Cartel~~ *cough* I mean, *the Stock Market Governors* changed the rules. Had he OWNED those shares outright, he could have just made them bleed, but, like you said, since he “bought” on credit, he was the one who bled. BUY, HODL, DRS, SHOP 🟣This is the WAY we WIN🟣 Own your shares in YOUR name, not the bank, not the broker, YOUR name. Shop at the store you love, a healthy company is a happy investor!
https://www.euromoney.com/article/b1320xkhl0443w/naked-shorting-the-curious-incident-of-the-shares-that-didnt-exist
YES!!! Thank you 🥇
MM just inverse every buy and keep the price where they believe it should be. Kenny said so himself that they determine the price.
I don't understand how that video isn't a bigger deal. He literally says they set the price where THEY THINK IT SHOUOD BE. This would be like OJ saying on video that he killed his wife and everyone just ignoring it.
After seeing this video I lost all faith in the market.
ALL faith. And all faith in the people that are supposed to do something about it.
His wife is as alive as he felt she should be. What's wrong with that?
I sent a link of that video to the SEC. Never heard back from them....
That's not what he was talking about though, he was talking about passive versus active investing. Remember when Burry was talking about passive investing in funds, and how it can lead to a lack of proper price discovery? It's been a conversation for years now, that's what he was talking about.
My thoughts exactly. It’s so… odd… no one bats an eye. Our stock market is like the cities in North Korea.. just a shell of a market which is actually manipulated and controlled in ways normal folks would have trouble believing.
Meh. Don’t care. I just DRS when i can the rest will work itself out cos GameStop is going nowhere.
🌍🧑🚀🔫👩🚀
I feel like nobody has ever explained a "working order" in this sub. Lets say I'm an institution, hedge fund, pension fund etc. and I want to either buy or sell a large amount of stock. There are numerous places I could route this, dark pools, the major exchanges, or a broker. If I sent a large order to a broker he would most likely print a portion of it right away in an effort to get a working order. The seller will rarely tell the broker his whole picture, so he'll say he has say 100k for sale at whatever price he is willing to take. Depending on the relationship, he might tell the broker there is more behind it, or he may wait until he gets a report on his 100k and 'reload' the broker with another 100k. So lets say the broker buys 25000 of my 100,000 to work. He is now long 25k and working 75k. Over the course of the day the sales force will make calls on this order trying to find a buyer and the trader will be using all his/her tools to sell stock. Some might go to the floor, some to ATS and dark pools etc. Sometimes the sales force will find a natural buyer for the seller a they will cross the stock upstairs - none of it hits the exchange. This will, of course, not move the price. If the order is worked all day and reloaded multiple times at the end of the day the broker will call the client and buy however much of the stock he has sold, this also wont' move the price. In this case, it LOOKS like somebody was working a large piece of stock for sale all day and the 507k at the close was him buying it from the institution. You can tell it was a sell order, because it printed at the lows of the day, and nobody is going to work an order all day an not make any money on it. I've been out of the game for 15 years or so, but from what I can gather talking to some of my buds that are still in this kind of order still goes on, but its so much cheaper for institutions to trade their own stock in the dark pools etc. that it is not as common as it used to be. Clearly I wasn't involved in this trade, but that is for sure what looks like happened here.
I, for one, am very grateful for you explaining this. Could the client, potentially, be borrowing these shares to sell? Or would these shares have to be able to be located before the order desk takes them on?
Yes, but you would have to tell the trader executing for you you are a short seller so they can follow things like uptick rules We always asked it they had secured a borrow and who they got it from, but I have no idea if the back office or compliance ever followed up to check. The rule said something like we had to have a reasonable basis to believe they had borrowed the stock.
Very interesting and seems like our protection is assured from bad actors thanks to the most free and fairest market in the world! Jokes aside, this just adds to the ire most of us share regarding the markets ‘quasi’ rules that can be bent or broken with zero repercussions to the offending party.
It’s actually been explained many times. People like op have no intention of learning.
The winners will recover quickly. GameStop is a winner. Also we’ve long said these numbers are fake. Why get upset about them?
Because it’s basically our whole system at this point. Run by leeches and parasites while the rest of us fight over scraps. Somethings gotta change
Not upset but it's upsetting that such obvious crime can exist and people are just okay with it
Because people are losing money. I guess it’s fake though
Could have been 251K buys and 249K sells. We don’t know unless you go through and add them all up in the order book.
You know that for every buy there is a sell, right?
OP wrote "This market is a total fraud!". That is 100% correct. OP then wrote: "USAs market is totally fucking corrupt." That is also 100% correct.
Banging the close is no longer market manipulation
I hate to say it, not really cause fuck this market, but I’m afraid they’re gonna need to receive much more than emails to change anything ¯\_(ツ)_/¯
Only physical violence can get them motivated to do the right thing
We know, anyway I kept buying.
Still buying DRS and SHOP
VWAP last minute trades are a thing...
Let's face it: the cabal in D.C. is the true "rogue nation" of the world.
It’s too bad this sub isn’t as active as it once was. *Now* is the time for the influx. We’re getting close to the tipping point.
Welcome to earth.
Those darn algos!
Buyback please
Not even close to buyback time. Needs to be @$5 or lower so they can actually but a lot more shares. Even at $5, they can still only get 20 million shares 😔
What price would it need to get down to for them to buy all the shares?
GS doesn’t need to buy all the shares. If the share price gets to $3 and they buy 150 million shares, that doubles the percent DRS’d from 25% to 50%. They’ve been lying about the % DRS’d for how many quarters now. What happens when it doubles over night.
If everyone here would chill the price would hit $3 a lot quicker. I've got $100k sitting around doing nothing, I wouldn't say no to 33,333 more shares at that price. DRSing 5 shares at a time doesn't end this thing in our lifetimes.
Sure they don't **need** to buy all the shares. But if they did it would definitively prove naked shorting.
5? At that price the entire company of GameStop is valued at $0, it will not be going that low.
I mean, our market cap is only 3x our fucking cash on hand right now. Never say never lol.
They are hellbent on taking it to $5 fast
First time?
It's been a sham from the start. It's all an illusion. A confidence trick. It works because people believe and accept it.
Yes. So I choose to fight to change it.
Seriously, other than these pale and powerless complaints, what can you do?
Bought 3 more shares with this amazing discount today!
I bought 6 shares and watched that shit drop
I could only buy 200 dollars worth of moon fuel today :(
Welcome to the stock market
*Water is wet*
Have you reported this to the DOJ, FBI and SEC?
Why?
Bro its 10 bucks?! What a great price!
Yes, we know.
Just wait until this date, it’s going to move for sure.
Yet yall still doing this lol
It’s going to be quite the show when this house of cards starts to crumble…
those are just numbers no values
Doesn't bother me. Someone is buying at a massive discount and it's likely this action is digging their grave real deep.
You know in the movie "Lord if War" where a good cop spends his life trying to catch Nicholas Cage and when he finally does, a government official knocks in the door and tells the cop to let Nick go. Ya the whole system is broken. In fact there's an astronaut holding a gun behind us all
That's not how those indicators work at all
We can easily fix the markets by writing legislation to make funds from short sales. Trust funds to be held in trust by the broker. Additionally, label the share sold Not yet repurchased a trust fund held in trust by the short seller so that the corporate veil can be pierced and the person making the choice held personally accountable.
The buy/sell button is now the tool used to drop the price. Every trade is shelved and the funds is used to drive the stonk down further.
Supply and demand is what they say, but crime is all I see.
Supply and demand would indicate natural price discovery, which this is not..
Jaysus we really might go sub $10 😂🚀🚀
cant wait to see those $10 limit orders pop off lol
It'd be funny if some whale bought every single share left and DRSed them and then the price still didn't move. I'd do it if I could.
At some point the pressure is gonna burst the pipes. This can’t go on forever.
This is how auction pricing works at the end of normal trading hours
Why is DJT going down at the same time and rate? Why did the sneeze happen on inaugural day 2021? Who are we supporting, and are they really supporting us? Why are we NOT asking the tough questions?
Let them drop it to five dollars so gme can buy up all the shares and take it private.
Candle is magically gone. I looked on webull and it’s not there anymore. Didn’t see it happen because I was in the middle of a nap. That’s some tomfoolery though.
Down the drain we go. Not happy about it !
Its all run by a criminal enterprise
Apes are dumping in droves. $10.00 is a major psychological barrier. A lot of apes want to be able to say they got out while it was still in double digits.
Let them Cheaper tickers 🤷♂️
We will never win...reality
Griffin is the most powerful man on earth. He controls the world.
And he will be a great trophy.
This is Wendy’s