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1. Introduction - 2. Technicals and Developments - 3. Macro Market - 4. TLDR
1. Introduction
On May 3rd, 2024 (Friday) I revealed in the evening that there was a long term chart breakout: [Have a Great Weekend. Cheers Everybody! : (r/Superstonk)]
On May 6th, 2024 (Monday) I then publicized in the evening that there were indications that 'MOASS' is now beginning:
The 7 investing days after this post saw a 490.50% growth factor in GameStop Corp's share price
On May 9th, 2024 (Thursday) I then reminded investors that GameStop Corp's Price is still substantially discounted [(r/Superstonk)]. The 3 investing days after this post saw a 444.20% growth factor in GameStop Corp's share price.
On May 18th, 2024 (Saturday) I wrote that GameStop Corp is a Green, Cash-and-Criminal-Siphoning, Tornado-Spawning, Category 6 Hurricane of Our Evolving Stock Market : [(r/Superstonk)]. This was and is based on GameStop Corp rapidly raising Billions upon Billions of dollars through offerings during outsized demand phases for the stock. This writeup continues to be a good explanation of what is happening.
On May 31st, 2024 (Friday), after the 45 Million share offering gave GameStop Corp another Billion dollars, I wrote that there was Evidence that 'MOASS' would resume : [r/Superstonk]. The following investing day saw 205.27% growth factor in GameStop Corp's share price..
On June 4th, 2024 (Tuesday), in the evening I provided a brief technical update regarding the status a clear continuation: MOASS - Update 1 of 3. After that post, there was a 254.82% growth factor in GameStop Corp's share price.
GameStop Corp is, as was prophesized, revealing institutional-driven market fraud almost daily now. This is actively exposing white collar crime on Wall Street, and pretty easily, to the FBI's ongoing securities fraud strike force. GameStop Corp too is siphoning cash at a pace that has never been seen before. Now it is estimated that GameStop Corp already has over $4 Billion dollars in cash, yet the share price continues to go up!
2. Technicals and Developments
Today revealed ironclad evidence that the psychological number of $25 ($100 prior to the 4:1 split that was once-supposed to be in the form of a dividend) is now serving as a strong support. This number is important, because it serves as either support or resistance. $25 is now supported. This means that today saw a 'backtest' off of that support. Now, it would be reasonably expected [technically] for the price to bounce up off of it.
There too are upcoming calendar events that will have an impact the ability to obtain true economic price discovery:
The long term chart shows that the price has clearly begun a substantial, long-term breakout that is showing no signs of slowing down (below the '$80.00 thus far label' you can see the bottom supported trend is rising substantially)
I anticipate that eventually, the $100-$120 price window will serve as a future support
3. Macro Market
Citadel et al had continued to pump their short-term Artificial-Intelligence scam (now sounds old, doesn't it?) play: ""Nvidia"". Yet, Nvidia's split today was well-considered to be the 'sell the news' event. Therefore, and now with the Dept. of Justice beginning a new DOJ investigation into Nvidia, SHF will now begin to have a shrinking equities column. Remember that to fight against margin pressures [rising liabilities columns (i.e. GameStop short bags)], SHF needed to pump their equities columns [i.e. shitcoins, Bitcoin, and the magnificent 7 promotion scam which includes the Nvidia pump].
Bitcoin, and especially the altcoins that SHF attempted to pump using leverage and futures are too losing steam. Media outlets are now promoting a worse-than-2008 stock market crash that will now occur at any moment. It appears, then, that SHF is attempting to 'get ahead of the Minsky moment narrative' by front-falsifying the reason why the market will go down soon. The same front-falsifying ['''HoUsInG and MoRtGaGe BaCkEd SeCuRiTiEs'''] occurred after the June 2008 [negative-beta driven] inversion that was caused by naked short sellers' irresponsible bets against Volkswagen in 2008:
Yet, we already knew here in the one and only SuperStonk that the market will only go down on Negative Beta with GameStop Corp. This will be due to hedge funds and their prime brokers who bet so-irresponsibly, using teacher's pensions and Americans' retirement accounts, against household investors and innocent American companies. Irresponsible Hedge Funds like Citadel (and especially its market-making arm) are to blame for the coming mess on Wall Street. This mess is going to be necessary to better-identify the fraud that these sickos engaged in - and hedge fund managers who made or supported the bad bets should be thrown in jail due to their premeditated violations of their fiduciary duties.
It is sad to observe and sad to admit: these hedge fund bad actors and their bought-media puppets have truly surpassed Bernie Madoff in magnitude of historical fraud.
As for me... and remaining unbiased given the above technicals... I just do not see a better place in the world for any investor to park their money right now: amidst a high-inflationary π, high-debt 𧨠global environment [and where two conventional warfare fronts π« remain ongoing]: GameStop Corp has negligible/no debt. GameStop Corp is now annually-profitable π. GameStop Corp has now decades-worth of cash π΅. GameStop Corp too is a fantastic, family-and-kid-friendly investable brand π¨βπ©βπ§βπ¦. GameStop stores πͺ remain fun to shop and play at, and GameStop.com π» π± easily forms a shopping habit because it's so easy to use. The customer service team is pleasant π. I routinely choose GameStop.com β¨over dying sites such as '''Amazon''' β . So, where is the risk with this fascinating company? Where is it? When this gross, DTCC-infested market is cleaned up [and it will be soon], GameStop Corp is clearly #1. Yet, trends from GameStop Corp's filings suggest that the company may even exit the DTCC-infested market altogether by entering the tokenized stock landscape. So either way: GameStop Corp wins across the short term, medium term, and the long term. I find that GameStop Corp is, therefore, a rare Safe Haven stock that is immune to recessions. I do not even need to mention the other realities: that GameStop Corp has perhaps the most loyal shareholder base probably in stock market history π. GameStop Corp investors do not just 'like' the above facts, nor do they simply just 'like' the stock... Instead, there is a historic bond between shareholders: and there is a historic love for the real company behind which the shares mark personal ownership.
4. TLDR
GameStop Corp is anticipated to already have more than $4 Billion cash. 410 Million shares were transacted over the last 2 investing days. Only 18% of that needed to be the share sale for it to be completed. There is a high likelihood that offering is near-completed or completed. Technicals reveal $25 psychological support held today, and a technical-rebound is safely anticipated.
This $4 Billion warchest was made even though GameStop Corp's share price is higher than it was when it had $2 Billion cash [and then the share price is higher than it was when it had $1 Billion cash, etc]. Typically, in "DiLuTiOn," one would expect the share price to go down. That did not happen here: even with this cash raise, GameStop Corp's share price still grew by a factor of 254.27% since the long-term-higher-low that was achieved in April.
Further, news from GameStop Corp's CEO, Ryan Cohen, is expected this week during the annual shareholder meeting. Too there are rumors swirling about possible dividends in the form of digital collectibles, possible acquisitions using free cash, etc. Yet, the analysis above did not need to consider any of these fundamental developments for the same conclusion to be further-solidified: that MOASS is still in progress and it is still early. Substantial amounts of shares have to be purchased to cover the droves of strikes that are in the money. There is some gamma impact here week by week, but the most important feature of this, however, are Failures-to-Deliver (FTDs).
FTD delivery deadlines (i.e. when to buy back and actually deliver the security after it was shorted without a locate) are 35 calendar days from whence each FTD occurred. These deadlines lead to 'stacked' time periods [what I refer to as FTD trains] of what would otherwise appear to be arbitrary buy volume applied to the stock. Compliance with SEC's Regulation SHO began in January 2005: Rule 204 of that is the cheat code that bad actors get punch-drunk-greedy off of before their bad bets do put global markets at risk. Evidence shows that Volkswagen in 2008 saw a similar event that is occurring now with GameStop Corp: Naked Short Sellers had exploited the Rule 204 provision for FTDs en masse to support their irresponsible short bets. It's a cheat code because they freely and flexibly get up to 35 days to buy the stock back - usually at cheaper prices (i.e. a profit on their FTD'd-short every single time). With Volkswagen they became overwhelmed after just one FTD train. The exact same FTD trains occurred from 2020-2021 with GameStop. Naked short sellers became overwhelmed from two stacked FTD trains. FTDs due for settlement/buyback will stack again for GameStop Corp in a few days: due to the FTDs that were generated during GameStop Corp's May price runup.
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