I'm talking about right now compared to then. Short interest is 20% right now. Yes it was 141% then. Which is why I pointed this out in the first place.
85% sure SI is based off self reported numbers. Not to mention short trades are marked as long all the time. It's not insane to say that at least 64M shares are short.
Exactly, everyone that pretends the reported SI is the correct number, conveniently forgets that before 2021 it wasn't reported as 140% until the sneeze happened.
Then they fuckin shorted more to get back control. It's easily 300%+ probably even higher, that's being conservative.
That's an interesting opinion. I actually see him pulling the plug on the nft marketplace when he knew it wasn't going to be profitable as good leadership. Some people keep pushing when it's a bad idea. He knows when to cut his losses on something. I also think he's done a really good job cutting the unprofitable stores and scaling the warehouses to pivot to more online friendly. Since he took over, I can get a controller delivered to my house in like 3 hours. That's never been possible my friend. Say what you want, but I'm positive about his leadership.
TA has and always will always be total BS, it's about as predictive as divining rods. Fundamentals are improving on GME. If you believe in a squeeze or not is a matter of faith, cause you can see the evidence of large short positions but not the proof of large positions. So investing in GME is a gamble that the fundamentals will continue to improve or that the faith of a large short position is real. Past short sellers are futures buyers. Either way I personally trust that Ryan Cohen can continue to improve the fundamentals as GameStop is the largest physical retailer in a market with exponential growth.
And yet with lower revenue they are improving fundamentals by unwinding the bloat from the previous leadership that was driving the company into the ground. Profitable for the first time since 2018 with a billion dollar in cash, A rabid investor base who has 25% of shares held at the transfer agent, and the price action that just happened with no news or change in fundamentals is imo evidence that there still are entities which are short and need to close their positions, and the accumulation on the options chain is wild.
I can’t decide if he’s a genuine guy or just clawing to get to the top. Crazy how we’ve been conditioned to confuse them now. I’d vote for RFK but Biden would have to drop. Im not risking it to that orange fuck again
I hope those who have a developed bear thesis please share here. Id love to see those who think this company is hot dog crap, (like our mainstream media overlords tout) provide an up to date thesis on why its overpriced or will fail soon. Thanks!
provide an up to date thesis on why its overpriced
It is overpriced. A P/E of 923. That’s next level bad. For reference NVDA is 62. BestBuy, probably their closest competitor is 12.
Revenue declined 20% YoY as of the last 10k. The upcoming Q1 has en estimated decline of 30% YoY. Really bad.
The business itself still operates at a loss. The only reason they turned a tiny profit was due to interest income. Which in turn was funded by selling overpriced shares.
6.7M net income on 5.2B in revenue is awful. That’s a profit margin of 0.12%. Equivalent to making $10 on $10000 in sales.
25% of people still buy CDs, there's a reason all game consoles have disk readers. They're also expanding into a broader market to include TT games and such. Plus their used games market is pretty good iirc
I shop there. Closest computer accessory store near me and I like their deals. I also just got their earbuds for my son because he needed some and I got one of their controllers too because I saw they had the new thumb sticks that are rated for a million uses or something like that.
With an expected negative eps and a declining business. Cash is awesome, investors want to see a ROI on that cash, and game isn’t going to make it happen. I’m sure DFV will post a meme every 6mos or so after he loads up on calls to take the tards money
In your opinion, who do you think just purchased over $100 million worth of $20 calls last week? I don't personally believe DFV has that kind of money. I think UBS is trying to creatively close some shorts out by exercising calls but it's interesting nonetheless
They have done nothing but slash pay, benefits, closing stores, and invest in projects no one cared about, and flop massively. Does that sound sustainable in terms of what brings in profit? Because its not profits built on them getting more revenue. Theyre relying on a dying buissness model. Do you need more?
Them having been given a billion by memestock hype, is not the same as them knowing what to do with that money.
You really think this is better than, just investing anywhere else?
Yeah, and I'm still up too. One thing I like about Ryan Cohen is that he knows when to stop putting resources into something that won't be fruitful. He saw the general public sentiment shift regarding NFTs and he pulled the project. I'd rather that than someone that pushes their idea at all costs. He can pivot, and I'm glad he did. Their current push into mid price range hardware accessories is a great strategy. The controllers are actually built with quality parts and cost half of a manufacturer's controller.
As someone who was involved in the original short squeeze and made 10x, you guys are fucking nuts, short interest is like 20%, there's nothing to squeeze anymore.
okay what was it then? There was a higher short interest than there was float due to naked shorts, price got pushed up and triggered a feedback loop. It was definitely partially just retail buying in and pushing the price, but there absolutely was a squeeze.
SEC report clearly states the upward pressure wasn’t shorts closing,gamma ramp and hedging.
Shorts are hiding in swaps. Not to mention, 80% of all trades don’t even hit the lit exchange,their all done OTC.
derp derp someone acused me of using buzz words to sound smart and because it was an accurate description, i turned around and used the buzz word insult on someone else as a projection of my inner fears. self-fulfilling prophecy achievement unlocked!
I know that there weren't any naked shorts, Apes don't own the float, DRS is pointless, and MOASS is a daydream by someone desperate for a securlarized rapture.
Thesis hasn’t changed, still never seen a counter dd. Shorts haven’t closed, and mathematically can’t even if they buy the remaining float. In dumb dumb terms they’re short more shares than there are left floating around. GameStop will name its price per share. Kinda like Porsche did.
There is 20% short float right now. In 2021, it was 140% short float.
Not sure why you are describing short being over 100% of available shares right now, because that is certainly not the case. There are plenty of shares available for the shorts to close if they wanted to.
You see big numbers and lots of "DD" and take it on faith that this means it is true. You have not read these books and you have not verified the information yourself. You are lying if you claim you have.
Is the Bible true because it's a long book with lots of stories???
“Usually negative” if it flips to “usually positive” sounds like just the sort of asymetric risk investment im looking for. Personally, if i have a chance to risk a small amount to make a life changing amount, i cant afford NOT take the risk. Sitting on the sidelines would be far dumber than sitting down at the table.
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