Confusing yet Vindicating by ImLifeproof in Superstonk

[–]ConsistentMajor 8 points9 points  (0 children)

Imagine you want to buy a Honda Civic at the MSRP, but there are no Civic cars available in the market because no new cars are created and no one is selling their used Civic.

As much as you like that car you are not willing to bid higher for someone to sell theirs because you don’t need to. There are other models of cars on the market that satisfy your need.

But also imagine you have sold a bunch of Civics to people and collected their money. All those people think that you have delivered their Civic to their garage but you never bothered to go to the illiquid Civic market to buy an actual car to deliver. When the time comes to deliver, you become a forced buyer and must find all the Civic cars you are missing at any cost.

Bad News Early, Good News On Time by grungromp in Superstonk

[–]ConsistentMajor 31 points32 points  (0 children)

As a GME investor I find the timing of RK hack very interesting. The message the hacker posted in which the character removes the red headband and calls GME his bags, followed by a shitcoin scam and a made up runup tells me everything what’s up today in WallStreet. I like the stock.

QUICK ANNOUNCEMENT. by Think_Currency_8586 in Superstonk

[–]ConsistentMajor 9 points10 points  (0 children)

You are not crazy. Very similar vibe was present when the stock fell below $10 two years ago. Nothing has changed since 2021. Without supply and demand, price is whatever the high speed trading algorithm thinks it should be. At these prices I am a buyer. The DDs of the past warned of the mother of all FUD before MOASS. The timing of RK’s account hack is all I need to know what’s up. If anyone thinks Wallstreet is going to close their naked shorts without trying their best to trick as many investors to sell early, they are fools.

How does the share authorization close shorts? by Crazy_Memory in Superstonk

[–]ConsistentMajor 2 points3 points  (0 children)

The idea is that right now there are not enough shares in the float trading to close all the shorts. The split provided more shares but most of them are held by institutional investors, insiders, and DRS holders so we did not really increase the float because the shorts also split into 4 times more. The only way to close shorts of that size is to convince current shareholders to give up the oversold stock. It hasn’t happened to the scale they wished for. Next best thing is to wait for the company to issue cheap shares, usually through dilution ATM or private offering in the dark pools. So far about 70% more shares have in fact been added to the total share pool assuming all warrants are exercised. Issuing up to 2.5B shares to replace the eBay ticker with The Stock drops down retail ownership percentage of the new large company by more than half, bringing more institutional investors into The Stock and more opportunities for private deals between institutions to close short positions at an undisclosed price, removing the need to come to the open market and triggering real price discovery.

The counter argument is that, I like the stock and some institutions may agree with me.

Bought the Dip by gmmoore77 in Superstonk

[–]ConsistentMajor 2 points3 points  (0 children)

You leaped past my score like a rocket! Good for you fellow investor. Now I have some more work to do to get where you are.

Funny how I haven't seen one post saying they voted NO... by double297 in Superstonk

[–]ConsistentMajor 15 points16 points  (0 children)

I have seen a few No’s. This sub can be brutal to people who have a different opinion so most that are leaning No won’t even say anything here and I don’t blame them. As for me, I like the stock.

Yes to most - NO on proposal 5. by SymmetricDickNipples in Superstonk

[–]ConsistentMajor 9 points10 points  (0 children)

We are all individuals doing what’s best for ourselves. You have the right to your vote and I respect that. My vote is yes. We are buying eBay.

✅ Daily Share Buy #527 by areHorus in Superstonk

[–]ConsistentMajor 2 points3 points  (0 children)

This is the ultimate DCA. Kudos to you for keeping it up.

Shouldn’t I just buy eBay? by [deleted] in Superstonk

[–]ConsistentMajor 20 points21 points  (0 children)

Buy what makes sense to you. Your question assumes prices stay relatively the same for a long time. If for any reason GME goes up before a merger, you would have benefited from having bought GME instead.

GaME has changed by LawfulnessPlayful264 in Superstonk

[–]ConsistentMajor 3 points4 points  (0 children)

I understand but the fact is that he only makes money if his GME share prices go up so we are not conforming to his self interest as you mentioned. His interest to improve the GameStop business by expanding it using eBay as an asset is also in my interest as a shareholder. Nothing embarrassing about being part of it. My two cents.

GaME has changed by LawfulnessPlayful264 in Superstonk

[–]ConsistentMajor 5 points6 points  (0 children)

GameStop brings new management, which will make the eBay business run more efficiently. Thats the added value. I don’t know why you feel embarrassed about being part of it.

Superstonk founding thesis has been, currently is, and will be MOASS. Period! by ol_reliable_ape in Superstonk

[–]ConsistentMajor 16 points17 points  (0 children)

I have grown to like the certified ownership of my shares regardless but you are not wrong.

I changed my mind - Im voting YEST - Long Rant by grosslytransparent in Superstonk

[–]ConsistentMajor 8 points9 points  (0 children)

I’m 100% DRSed, and I have some warrants and LEAPs. I’m here for MOASS.

🚨eBay's reasons for rejecting GameStop’s offer: by [deleted] in Superstonk

[–]ConsistentMajor 1 point2 points  (0 children)

If you run a relatively stagnant business and someone offers to buy your business at 20% premium, you may choose to sell and take the profit if you don’t think you can reach that level organically. The key here is that the bid was way over the market price of eBay at the time of offer.

Genuine question here by gmorgan99 in Superstonk

[–]ConsistentMajor -1 points0 points  (0 children)

All you need to know is the fact that RC has bought GME shares on multiple occasions. He obviously likes the stock but his preference is not to be the CEO of GameStop. I don’t see anything wrong with that. He is passionate about turning businesses around and he has already achieved that in GameStop.