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Can GameStop buy more GameStop?
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This is what I would love to see this week. The hedgies tank is because it’s their usual plan during our earnings week and the market in general is imploding. We fall all the way down to the 100 range where it’s cheaper for apes to buy mass quantities. Then, RC doubles down on his shares. And then, the true hedge fund killer, GameStop buys back a huge portion of their shares at a discount lowering the supply of shares in a massive way. The SEC already said there’s no market manipulation so it shouldn’t be a problem.

The question is, how long does it take to be able to buy back shares if you’re a company? Could this be the kill shot?

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LongMan, fighter of the ShortMan, champion of the stonk

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Posted
3 years ago