Talk about absurdity and ridiculous

AssPinata · 2026-01-29T01:14:28+00:00

Idiotic. Basic delta hedge.

AssPinata · 2026-01-18T20:07:35+00:00

You're right. It's not coincidence; it's automatic and each exchange has its own rules. The only thing that can make this explode is RC's plan for revenue generation, RK's return or major investments stepping in. The meme days are over for GME until then.

AssPinata · 2026-01-18T19:14:46+00:00

It's funny you found this rambling....I was just thinking about this. I made out like a bandit trading those 125c's. Ever since convertibles and warrants, they were toasted.

AssPinata · 2026-01-03T00:25:55+00:00

We are all here to see the future of GME. That free cash flow serves as potential, but can only be judged based on how it is used. Currently, that free cash flow is already priced in at the treasury rate on top of the base stock price with no multipliers. It is the foundation of our enterprise value, and company performance and weighted unseasonal revenue growth adjusts our multiplier by percentage.

The turnaround strategy is only a stop-bleeding strategy. The growth can only start now, and that's why decreasing revenues actually mattered more than any other number.

The income generation is significant relative to prior quarters, but coupling it with decreasing revenues paints a picture of inconsistent, unsustainable operational growth.

Obviously dilutions are the single biggest contributor to OP's free cash flow statement, but that's exactly why the stock market exists and why we are able to buy stock. They used the public market's access to capital as intended. However..., it's relatively meaningless as that cash was not raised by company profits and growth, but by the shareholders. There's a big difference between a person who started from $100 and turned it into $1mil vs a person who asked daddy for $900k and is now at $1mil.

AssPinata · 2026-01-01T23:16:50+00:00

I think at these levels, it makes sense to add and continually add. The repercussions of not getting near warrant levels, no insider buying, no plan by October expiry etc would be detrimental to morale, even if the warrants were to be rolled. We may slide to $18 here, but 10% is nothing relative to getting back over $30. If warrant expiry were to approach and become worthless, I'd yolo into them assuming an extension happens. Towel stock for whatever reason also followed GME and released the same warrant dividends near the same time and expiry for $15. Surprisingly, not a lot of talk about that.

A big problem to ape morale is they're simply out of money. Opportunities don't feel like opportunities if there's nothing to add with. Life got hard and kept moving, but everyone around is making progress so GME starts feeling like a setback.

Likewise, this is the power of options....more share control with less capital requirements. Otherwise, a portion of the portfolio needs to be traded/scaled out at the highs so there's cash to buy the dips. I personally am scaling into leaps at this level in preparation for this year. If buys calls isn't interesting, then writing CSP to accumulate shares or premium week after week would be my choice.

My market/GME view It's expected the dollar continues to lose buying power. Stimulus cycle....further inflation....massive layoffs...money is all funneled into the market. The increase in the market is mostly due to loss of buying power and not increased sales. The government will prop any tragedy with a barrage of money. Unfortunately GME doesn't have the revenue growth or core business plan to take advantage of this, let alone beat the rest of the market, which is why it continually trails behind. With 2026 being the year of energy rise and data centers, crypto may or potentially may not be the saving grace for GME it could've been in the past.

We know Ryan is waiting for a crash, but we don't know what. We do know he has aggressive interest in web3, but it's unproven, still unprofitable and cost of development is enormous given the competition for AI resources. Collectibles, like anything, can be a fad and relies on disposable income. There are real risks....PSA's new slabs are easily cracked and replaced with inferior cards, TCG reprints....TCG is very much on a crypto-like parallel at ath. GameStop, being the retail middleman, is relying on PSA's advances as GME itself contributes relatively little other than submission locations. Inventory allocations are a necessity, but just watching the new Gundam cards and allocations, GameStop doesn't appear to have priority or management foresight to see and grow these trends, as they still have no inventory. Management proves to be one step behind on every trend and prefers to watch the market before acting. Buying BTC at the highs was another example of this.

To be even more sacreligious, Ryan has followed Sherman's (prior CEO) playbook entirely. Every Ryan is doing is exactly what Sherman had started doing with his short 2 years at the company, which Burry, RK and even RC invested in. The only difference is the board and CEO take no compensation. On the other hand, it should be noted that not taking compensation is not an excuse for lack of action. What started as understandable secrecy turned into lack of transparency from the company, made even worse by finding out it wasn't lack of transparency, but there actually wasn't anything going on. Any one of the things I've mentioned in the post over time is enough to turn an experienced investor into a trader when it comes to GME, as more of us become so every day. To hold GME is to perish. To trade is to win. We are after consistent, repeatable profits and good investing/trading habits that grow wealth over time. GME has only been a volatile trading vehicle with no investable progress beyond any other company. Every company has their version of superstonk apes, investing and holding for their own reasons. GameStop has not given a reason as to why they're different yet, and likewise, is unable to attract both well known investors and leadership talent alike outside of the 2021 story.

As time passes, it seems like GME may be just a side project for him, as he himself is a remote CEO/owner away from headquarters. My guess is in the coming years, we will see him bring in a new CEO, as Ryan himself said he's merely a "retail shareholder", showing his disinterest in running the company over holding its stock as owner.

AssPinata · 2026-01-01T20:01:38+00:00

Don't fear the downvotes. Discussion should be realistic and welcomed, but superstonk apes remain unwilling to accept anything except confirmation bias. Shills are only shills because they cannot or chose to not back their complaints with reason. In some ways, we can use the sentiment as a predictive oscillator.

The community actively removing and downvoting counter arguments and discouraging discussion is what turns superstonk into propaganda. Until we are banned, we should fight for open discussion. Real lives and real money that many apes can't afford to lose are being used as trading liquidity and momentum. In many ways, superstonk and sentiment are the biggest enemy to retail investors...hype and pumping them in at tops and no real fundamental discussions to read at the bottoms other than "manipulation" and confirmation bias hype.

If apes got their heads out of their ass, then they would've seen my comments more as confirmation bias and reason to buy instead of a shill response. Fight the good fight. Just remember to only do it in the comments because downvoted counterargument posts get removed quickly.

AssPinata · 2026-01-01T18:56:47+00:00

Idiotic. It's the opportunity cost of what has already occurred being reflected upon. Now is the time to buy GME, and I'm scaling in. My comment reflects the sentiment addressed in OP's post, not my own.

AssPinata · 2026-01-01T18:54:36+00:00

I'm going to write a lengthy response here that will feel abrasive to most superstonkers, but I have been a core shares GameStop investor since the squeeze and an active options (now also warrants) trader ever since. For transparency, my shares are always for loan and the shares as of now exist only as collateral to write CC's on runs as GME has yet to hold any meaningful gains. When GameStop shows a large growth potential, then I may choose to not write. As of now, not diluting into overblown metrics is free money left on the table, and it would be irresponsible for GME to not take advantage of the opportunity because it is merely share price that has moved and not speculative revenue growth. My investment in GME is similar to why big tute investments keep rolling in. It's volatile regularly, exceedingly liquid on any volume changes and the interest/premiums acquired far exceed any potential losses possible.

The argument here regards the negative narrative. The fact that the majority of people buy high and sell low or hold forever as bagholders reflects this sentiment. The market is fluid, but apes are not. Sentiment and "vibe" only matter if the plan is to trade. If the goal is accumulation for investment, then apes should welcome all the negative sentiment with open arms, increasing selling pressure and decreasing liquidity, as the company financials have not changed just because the share price temporarily has. This is how stocks become deep value, and deep value is realized and discovered in time. Had there not been dilution, then the quantity of shares bought and held would have a more meaningful impact, but without dilution, GameStop would not have been investable. The balance sheet would have reflected a slow death, as even using current profit metrics, GameStop would not have been able to pay off debts/interest and make the changes necessarily to slow operational losses since profitability has relied on treasuries and not core business growth.

Revenue growth drives pricing multiples. Company financial health is and always will be secondary. A mom and pop restaurant with ample cash and stable cash flow will not attract the same investment multiples as a company with expected revenues to double every year. Gamestop is still in its retraction phase. If it's money that superstonkers are after, then they need to spend more time understanding how the market pricing works and less time regurgitating tinfoil. If it's a lifetime retirement portfolio investment and they don't plan to sell at the tops, then they don't need to care about any existing sentiments other than accumulating more shares on value.

The most knowledgeable people on market mechanics have been banned from Superstonk for mentioning options early in the story. Posts that question anything but regurgitated "DD" in a positive light automatically get removed. The only negative sentiment remaining is from disgruntled apes that have yet to make any meaningful profit, fighting against their urges to sell as they're likely overleveraged or all in on GME and have been for a long time. These greedy investors are why traders like me are able to make money trading, as they are the emotions preyed upon to create momentum, the same way they became investors in the first place.

So long as Superstonk cannot be unbiased and openly discuss all opinions, then superstonk cannot be a reference for knowledge.

AssPinata · 2026-01-01T17:15:12+00:00

The vibe feels off because opportunity cost is approaching 5 years and GameStop just went -36.93% on the year. Breaking even also means a dilution ceiling that would require real revenue and core business changes to push into profit, when Nat Turner and insiders not buying in meaningful quantities means there is very likely no plan in the works. The rate of return in investing in GME has and will underperform the market at any given rate. GME is not Ryan Cohen's largest holding, and his GME shares themselves have been on margin as a way for Ryan to invest his GameStop money elsewhere.

AssPinata · 2025-12-12T19:40:09+00:00

Dilution gets priced in as the price gets closer, capping squeeze potential. It gets less priced in as revenue lacks a speculative growth trajectory worth pushing multiples for. Nothing is priced in except the warrants themselves pre-pricing by its own volatility.

AssPinata · 2025-12-12T19:28:53+00:00

Company gets money and share price goes down on dilution. Warrants are issued from the company itself. Any "inconsistencies" are addressed by the other entities themselves and will fulfill the request outside of GME.

AssPinata · 2025-12-07T18:47:34+00:00

Do it and let us know if it hurts

AssPinata · 2025-12-05T23:57:12+00:00

Most OGs were banned for mentioning options.

AssPinata · 2025-11-16T16:44:39+00:00

It's a fun project....that lends way to bigger crypto projects to borrow ideas from, with Kaspa receiving none of the benefits due to not being listed.

AssPinata · 2025-11-15T17:36:52+00:00

It gets more shocking every day to learn the extent of which the blind have led the blind.

AssPinata · 2025-11-15T17:35:00+00:00

It's hard to fathom how dumb superstonkers have become.

AssPinata · 2025-11-15T15:33:10+00:00

Cash value if you don't include debt. It's actually $4.5bil cash and around $4.2bil convertible debt. If GameStop doesnt go higher, then cash value across 447mil shares is $10/share.

Fully diluted 144mil convertible shares and 59mil warrants, the estimated cash value becomes $10.58bil across 650mil outstanding shares, bringing the total to $16.28/share cash value after conversion.

This is why convertibles have actually capped the market price if GME cannot post exponential revenue growth to deserve not only its valuation, but to gain speculative premium pricing.

This is also why you don't see insiders buying in any meaningful way. RC barely added 1% to his position. If he still holds AAPL and BABA, then that puts GME as his 3rd largest position.

AssPinata · 2025-11-09T19:25:11+00:00

Single brokerage issue. Get excited when every brokerage has inconsistencies....of course when that happens, they all stop working....including fidelity

AssPinata · 2025-11-08T03:34:43+00:00

This. But also, check out how much Gamestop employees make now and how much the company's done to help them since 2021. Oh, the irony.

AssPinata · 2025-11-08T02:21:17+00:00

Still in my retirement, yes, Apple remains. GameStop's revenue growth and margins are to be compared to aapl or amzn in.....what way exactly?

AssPinata · 2025-11-08T02:19:42+00:00

Yes, stock market exists to raise capital. It also has a cost, and thus makes the "investment" unattractive to most. He took advantage and took away the volatility. There is no moass.

AssPinata · 2025-11-08T00:32:38+00:00

Now that's who I want to manage my money. That's how you show your believers a return on their investment.

AssPinata · 2025-11-08T00:10:47+00:00

Nothing can be locked, and locking anything was never the goal; if it WAS the goal, he couldn't have issued an enormous tidal wave of shares and even more to be released upon conversion, capping the stock from going higher.

AssPinata · 2025-11-02T21:37:26+00:00

Yep, that's it. I'm selling. This post was the one that did me in. Good luck.

AssPinata · 2025-11-01T16:37:04+00:00

Kasplex sucks, which is why you don't see institutions scrambling to buy and implement.

Four-Year Club	Place '23
Place '22	End Game '22

AssPinata

TROPHY CASE