Deep F______ Value

[TwoCitiesCapital]

38 minutes ago, wescobrk said:

Andrew Left said he covered his short and put on a new one when it was in the 20’s.

we could see 60 tomorrow .

what the hell is Andrew left thinking?

if he shorted at 60 that is one thing but at 23 or whatever, what a moron!

 

Saying shorting at $60 makes more sense than shorting at $20 is easy in hindsight - until it goes to $200 and $60 seems as equally as idiotic to have shorted at. 

 

Either way - this isn't a sustainable business and the equity holders keep lining up to be fleeced for OpEx to keep the zombie going. Both $20/sh and $60/sh seem insane for a company that should otherwise be bankrupt. 

 

I wouldn't run the risk of trying to short - but going long here is wild too. I sold $20 puts with 3-4 days left to expiry during the first pump when the stock was @ $45. Still lost money as it dumped 4 days in a row 20-30% each day. Hard to play this game...

Edited June 6 by TwoCitiesCapital

[texual]

I watch and watch and wonder what I’m supposed to do when it’s raining money. Totally bonkers. Was thinking it seemed like a fun idea at 26 dollars on the 4th. Darkness, my old friend… 

 

 

[texual]

It’s still flying after hours. 8…12…15…. to the moon. Up 25% AH

 

[aws]

Some very annoying people will be extra insufferable until this over.

[Pelagic]

Perhaps the funniest part of this whole saga is that there's probably more than a few poor suckers who top ticked GME back in 2021 and have been faithfully hodling since. They might get a chance to get out even tomorrow morning if after hours prices hold.

[wescobrk]

Ugh, I’m having issues with the quote button, but you are right two cities, it would be idiotic to short at,any price which is why I’ve never shorted but I regretted not buying puts ahead of Cracker Barrel slashing their dividend.

there is a reason chanos closed everything down as shorting is a horrible strategy and, of course, Melvin Capital also lost billions.

[brobro777]

Well I for one am tuff enuff to admit that I am mad jelly of these guys making $$$$$ off GME

 

Mad, mad jelly

[Luke]

[Parsad]

28 minutes ago, Luca said:

 

This should totally be illegal...at the very least, the SEC should be able to get sites to monitor or delete this type of stuff or ban accounts/users.  This is essentially promoting collusion between parties to move the price of a stock.  

 

Roaring Kitty is smart, because he's only showing data...his position, an Uno card, etc.  But the above should be illegal.  

 

Cheers!

[Luke]

17 minutes ago, Parsad said:

 

This should totally be illegal...at the very least, the SEC should be able to get sites to monitor or delete this type of stuff or ban accounts/users.  This is essentially promoting collusion between parties to move the price of a stock.  

 

Roaring Kitty is smart, because he's only showing data...his position, an Uno card, etc.  But the above should be illegal.  

 

Cheers!

It literally is collusion. "Apes buckle up and do your part" "Shareprice will be 2000 USD next week and shortsqueeze will be massive"!! 

 

Trick is that they all dont know each other and its just done via the internet. So SEC investigation is very hard...crazy...

Edited June 7 by Luca

[whatstheofficerproblem]

$61 aftermarket. If it opens and stays at the same price tomorrow, he will be a billionaire, the options will be worth $900M while the stock a little over $300M.

[Luke]

Someone will have to own these bags when the selling starts

[Gamecock-YT]

a fool and his money are soon parted. same as it ever was.

[mattee2264]

CNBC's newsfeed was amusing.

GME reported a 29% decline in sales and $32m loss in the first quarter.

But pre-market trading its up 30% because Roaring Kitty is doing a livestream.

This isn't a market where fundamentals matter. 

 

[brobro777]

$62 -> $43  pre market

 

That's action baby

[wescobrk]

I’m rooting for roaring kitty, the guy use to be a compliance officer, he hasn’t done anything illegal in my opinion.

The entire cnbc program lineup is the same exact thing and so many financial web sites do the same thing,and the guy has tons of legal disclaimers.

53k into one billion (last night in after hours)

‘get your popcorn out and have some fun!

to quote a Roman slave, “are you not entertained?”

[Dalal.Holdings]

So the guys who bought in anticipation of Keith's livestream got Rugged by early earnings and 75M share shelf filing ? Poetic

[Dalal.Holdings]

1 minute ago, wescobrk said:

I’m rooting for roaring kitty, the guy use to be a compliance officer, he hasn’t done anything illegal in my opinion.

The entire cnbc program lineup is the same exact thing and so many financial web sites do the same thing,and the guy has tons of legal disclaimers.

53k into one billion (last night in after hours)

‘get your popcorn out and have some fun!

to quote a Roman slave, “are you not entertained?”

 

I agree. Jim Cramer has spoken out against Roaring Kitty...meanwhile Jim has had a TV program where he plays "buy buy buy" sound effects

[thowed]

5 hours ago, Parsad said:

 

This should totally be illegal...at the very least, the SEC should be able to get sites to monitor or delete this type of stuff or ban accounts/users.  This is essentially promoting collusion between parties to move the price of a stock.  

 

Roaring Kitty is smart, because he's only showing data...his position, an Uno card, etc.  But the above should be illegal.  

 

Cheers!

 

I don't think she's being serious!

 

But I suppose this is the problem with the modern world, as Nigel St Hubbins wisely put it in Spinal Tap, 'There's a fine line between clever and stupid'.  It's increasingly hard to tell the difference between people being sarcastic, and the idiots....

[Luke]

Just now, thowed said:

 

I don't think she's being serious!

 

But I suppose this is the problem with the modern world, as Nigel St Hubbins wisely put it in Spinal Tap, 'There's a fine line between clever and stupid'.  It's increasingly hard to tell the difference between people being sarcastic, and the idiots....

Literally anyone who buys GME is in it for the money and wants to sell their worthless bags to the next dumb ape. I saw so many people who traded around these spikes the last week and then posted it on all these different boards. It's a Casino and no investment. Yes, some have doubled their money but there are some now that bought at 60 and sit on a -35% loss, hoping that new apes come in to pump it again!! 

 

[FCharlie]

Another 75 million share ATM!! How much cash does this company want? $5 billion? And ironically, the more shares they sell up here the more it solidifies the current elevated share price. 

[Luke]

 

Livestream comments from Kitty

[Luke]

23 minutes ago, FCharlie said:

Another 75 million share ATM!! How much cash does this company want? $5 billion? And ironically, the more shares they sell up here the more it solidifies the current elevated share price. 

Your ownership of the company also goes down significantly with all these dilutions but it certainly is going to be interesting to see them with this huge cashpile. Wild. 

[matthew2129]

Roaring kitty followers literally just wire money from their bank into his, then kitty disappears. Redditors are not making money from this. The fact that living breathing ppl are dumb enough to think that roaring kitty is helping them is hilarious

[FCharlie]

19 minutes ago, Luca said:

Your ownership of the company also goes down significantly with all these dilutions but it certainly is going to be interesting to see them with this huge cashpile. Wild. 

Yes. But you have less ownership in a much larger equity base. This is how Tesla burned all the haters and shorts. They issued stupidly inflated stock to pay for their Giga factories. If GM or Ford needed to build a factory they had to earn money the old fashioned way, or borrow it and pay interest. Every share Tesla sold solidified their market cap. And every share GameStonk sells at $40 further solidifies the $40 valuation. If they issue 75 million more shares at $40 they will have $5 billion of cash and no debt. Interest income will be $250 mil/year.