GameStop rallied again in premarket trading Monday on speculation Keith Gill, who goes by Roaring Kitty on X, could have a huge position in the video game retailer.
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Hello internet who is out of the loop, TLDR:
This is a tweet of Roaring Kitty u/ DeepFuckingValue, legendary YOLO investor of GameStop.
After the 2021 shortsneeze, GME is rising in price again as DFV returned to twitter.
In the meantime, Ryan Cohen, founder of billion dollar ecommerce company Chewy, has become an activist investor, having turned around GameStop to be profitable for the first time since 2018.
Due to naked shorting, countless counterfeit shares of GameStop exist that were not authorized by the company.
Those betting on GameStop going down in price or to $0 in a bankruptcy, will have to buy back their shares at market price, as they get margin called due to increasing collateral requirements due to a higher market price.
Since enough shares are directly registered in retail investors their own names instead of being owned by financial institutions, those shares cannot be sold or loaned out. The decentralized nature of this, hundreds of thousands of households, makes it impossible for short sellers to negotiate a compromise, often done in similar short squeezes.
🦍 Ape buys GME shares, moves to own name, refuses to sell. Ape together strong, infinity pool of shares! 🏊♂️♾
This is not a meme. It’s the biggest transfer of wealth in history.
GME will go to a price of infinity 🚀🐱🚀
This is not financial advice. It is an invitation to do some substantial reading & see if you then agree with the sub's thesis. And then, if so, gauge just how angry your latest education has made you & decide just what you are going to do about it
OP's comment from further down quoted first of all, then some of my thoughts then some standard link dumps collated by the mods
Hello internet who is out of the loop, TLDR:
This is a tweet of Roaring Kitty u/ DeepFuckingValue, legendary YOLO investor of GameStop.
After the 2021 shortsneeze, GME is rising in price again as DFV returned to twitter.*
In the meantime, Ryan Cohen, founder of billion dollar ecommerce company Chewy, has become an activist investor, having turned around GameStop to be profitable for the first time since 2018.
Due to naked shorting, countless counterfeit shares of GameStop exist that were not authorized by the company.
Those betting on GameStop going down in price or to $0 in a bankruptcy, will have to buy back their shares at market price, as they get margin called due to increasing collateral requirements due to a higher market price.
Since enough shares are directly registered in retail investors their own names instead of being owned by financial institutions, those shares cannot be sold or loaned out without consent. The decentralized nature of this, hundreds of thousands of households, makes it impossible for short sellers to negotiate a compromise, often done in similar short squeezes.
\ Clarification edit: nobody knows why the price is surging. The timing coincided with DFV tweets but there hasn't been evidence yet proving this price pump is because of retail buying.)
🦍 Ape buys GME shares, moves to own name, refuses to sell. Ape together strong, infinity pool of shares! 🏊♂️♾
This is not a meme. It’s the biggest transfer of wealth in history. GME will go to a price of infinity 🚀🐱🚀
There are IMO, 2 non-exclusive reasons to get on board the ape GME DRS rocket
Vast wealth To The Moons Of Another Star System
To end the massive organised fraud that Wall St has become, stealing from the pensions of 2, going on 3, generations of Americans & additionally in the process wrecking the market mechanism for capital allocation & so now the relative prices of everything is wrong (especially rent & labour) & so now everything is so very shit. No Cell? No Sell?
To jump in you must believe.
To believe you must know
To know you must read the DD.
IF YOU DO DECIDE TO JUMP IN
RECOGNISE THAT THIS MAY TAKE A WHILE (Wall St will pull every trick it can to delay the inevitable for they know they will all have all their assets seized & several thousand of them go to jail for decades),
DON'T PUT IN MORE THAN YOU CAN SPARE.
YOU MUST BUY AT A BROKER THAT ALLOWS DRS-ING. READ THE DRS GUIDES FOR THE HOW TO DO THIS.
📚 Library of Due Diligence https://fliphtml5.com/bookcase/kosyg
A collection of over 200 of the most important, groundbreaking Due Diligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you
🟣 Computershare Megathread https://www.reddit.com/r/Superstonk/comments/1ch3lrh/questions_about_direct_registering_ask_here_have/
Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments!
DRS Justifications & 'How to' guide
https://old.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/
I'm here if you've questions.
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