Like many of you, I’ve felt like I would be a millionaire by now. I thought Gary would take care of this problem and the squeeze would have squozen on its own accord by pent up pressure or big dorito or something. Although I got excited a couple days ago, I’ve been zen for a long time, trying not to get overly excited and never upset at my losses because I like the stock and have full faith in the success of this company.

However, Since Gary Gensler has been appointed his role I occasionally see posts and memes being extremely mad that he isn’t doing anything. Hell, even the meltdown sub is taking the GameStop report as their win saying that the shorts did largely close but it was mostly the pressure of retail buying that shot the price up (which yes it was retail that shot the price up but if shorts actually went from over 120% to 30% the next day, then closing would cause the price to moon for sure.) So If GG were to come out and say “y’all GameStop is shorted over 1000% and this is crazy and y’all hedgies have to take ownership” would we really have the upper hand?

I am starting to think that gg interference would screw us. Gg publicly announcing that GameStop is manipulated means that it could cause buying pressure and start moass. This would be causing uproar and delegitimizes Ryan Cohen as a leader as the price goes up with the general public knowing them as a dying brick and mortar and primes them for attacks.

What if GG is letting this play it’s course? What if they’ve talked to Ryan and understands the potential for them to revitalize GameStop and therefore allows their actions as a business cause moass? Retail also has the opportunity to buy more shares during this time and even pay less in taxes as the months go by. Hedgies are fucked and the only way for them to get out of this mess is by GameStop going bankrupt which is virtually impossible at this point. I’m starting to think that by allowing this to unfold naturally, gary could have the information gathered before hand and the confidence to crack down on this intense manipulation and publicly denounce this activity. A moass such as ours could have the potential to destroy institutions which is the ultimate lesson learned. Either way, he has said he has our back which in us politics doesn’t hold much weight but it is something he has acknowledged at least. Discussion for increased wrinkles below!

For now, buy hold DRS and buy used games and consoles!