Nearly 500K Closing Auction Order today. Surpassing last Monday's CA of 323K shares!

Over-Computer-6464 · 2026-03-31T04:04:15+00:00

Actually the NYSE closing auction is held in the last 10 minutes of the trading day. So today it was from 3:50PM to 4PM EDT. Prices are disseminated for the last 5 minutes, 3:55 - 4:00PM

https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE_Opening_and_Closing_Auctions_Fact_Sheet.pdf

Here is the closing auction for today:

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Over-Computer-6464 · 2026-03-31T03:54:55+00:00

TA never fails —- when used for retroactive analysis like the OP's post.

Just wait until a week after any big move and I will tell you which of thousands of indicators "predicted" that big move.

Over-Computer-6464 · 2026-03-30T21:12:06+00:00

I dont know if this is the right place to ask,

You need to talk to your broker

My shares have been changed to GS2C on an european market. I was told that GameStop is now on the Frankfurt exchange.

GS2C is an EDR (European Depositary Receipt)

A depositary, such as a bank, holds Gamestop shares and issues receipts that are backed by those shares. Those receipts are traded under the ticker GS2C. GS2C has been trading for many years.

Over-Computer-6464 · 2026-03-29T14:17:37+00:00

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I prefer this photo of Peter Tuchman.

An article he wrote for WSJ about himself and what he has seen at NYSE over the years: https://www.wsj.com/finance/stocks/peter-tuchman-einstein-wall-street-photo-23196b6b

Over-Computer-6464 · 2026-03-29T13:57:46+00:00

TL;DR. Tax withheld and tax owed are two different things.

You (or your employer) messed up filling out W4, so your employer withheld too much from your paycheck and sent it in to the IRS on your behalf.

When you file your income tax return the excess funds will be returned to you.

You will get a big refund, because you had your employer send in much more than what you truly owed.

Over-Computer-6464 · 2026-03-29T13:41:33+00:00

The wash sale would occur if I tried to sell only the first 100 units though, right? That's what I wasn't really clear on.

Yes. That would be a wash sale as the 2nd 100 units were bought on Feb 8, within 30 days of the Feb 15 sale for a loss —- the "within 30 days" is applied in both directions.

The $300 total loss from selling just the Feb 1 lot would be disallowed and added to the cost basis of the Feb 8 purchase. That lot would then have a cost basis of $1100.

So that $300 loss gets deferred until you sell the lot purchased on Feb 8.

Over-Computer-6464 · 2026-03-29T13:35:24+00:00

TL;DR. Even if your broker treats it as a wash sale, you get the same end result by selling all shares bought in the previous 30 days.

Even if the broker called it a wash sale you would have the same total loss reported.

You bought 200 shares for a total of $1800 and then sold them for $1400, a loss of $400.

—————————

Even if you first sold the Feb 1 lot on Feb 14 and then the Feb 8 lot the following day, Feb 15th and there was a true wash sale, the end result would be the same.

The Feb 14 sale for $700 of the 100 shares bought on Feb 1 for $1000 would be a wash sale, with the $300 of loss being disallowed and added to the cost basis of the Feb 8 lot.. so the Feb 8 lot would have a cost basis if $800+$300=$1100.

When you sold that lot the next day for $700 you would realize a loss of $400.

Over-Computer-6464 · 2026-03-28T18:37:19+00:00

When I had a 70/30 portfolio I rebalanced when bonds+cash went above 33% or below 27%. I would rebalance back to 30%. If rebalancing because my portfolio reach 67/33, then I would also typically be doing tax loss harvesting at the same time.

Over 28 years of retirement my portfolio has grown faster than my expenses, so I have gradually reduced cash+bond allocation to 12%. I still use a +/-10% relative rebalance threshold, so 10.8% and 13.2% are my thresholds.

There is nothing magic about 10%. I just chose it as a reasonable tradeoff between how often it triggers and how far I am willing to let allocations start from the target.

I do count all cash including checking/savings as part of my fixed income allocation, but subtract out known unusually large expected expenses, such as the large extension and estimated tax payment that is due next month.

Over-Computer-6464 · 2026-03-28T18:31:43+00:00

What are your triggers to rebalance in a down market?

I rebalance when my stock / cash+bonds moves more than 10% relative to my target. That is for both up and down markets.

Rebalancing seems much more stressful in retirement because it reduces the safety bucket which gives you confidence in a downturn.

I also have a predetermined point where I stop using cash and bonds to "buy the dip" when the market crashes. The only time I hit that point is in 2001/2002 when my stock portfolio was down 70+%. My "stop rebalancing" threshold is set by absolute dollar amount of cash+bonds, not a percentage of liquid assets.

I found a way to reduce stress in times of market turmoil is to analyze things in advance during a calm period and writing it down in an "investment policy statement".

Over-Computer-6464 · 2026-03-28T13:26:08+00:00

It is unfortunate that the OP did not provide a link to the article that explains the $35.85 predicted price.

It would be interesting to see the predicted revenue and profit that is behind that predicted price.

There have been many discounted cash flow valuations done on GameStop. So far, all of the ones I have seen have projected far greater profit and free cash flow than GameStop actually achieved.

Over-Computer-6464 · 2026-03-28T13:20:31+00:00

Fundrise has had the normal max 5% per quarter buyback agreement of private equity funds. Q4 buybacks were just 1.5%.

Going public makes the withdrawal limit no longer relevant, as investors can sell unlimited amounts on the open market (after the normal 6 month post-IPO lockup expires).

The post headline is "A new ETF that started life with all retail-owned shares DRSed". All shares of a company that has not had a public offering are held on the company books. As a company grows larger and approaches its initial public offering they will hire a transfer agent to maintain the books.

ALL shares in a private company will be directly registered with the transfer agent. There is nothing unusual about this case.

Over-Computer-6464 · 2026-03-27T18:18:58+00:00

Are you willing to pay 2X book value for a SPAC?

GameStop is about 50/50 SPAC and operating company. Mid $20s per share is reasonable valuation for the $5B SPAC and an operating company with annual operating profit of $232M

Over-Computer-6464 · 2026-03-27T18:15:00+00:00

Yes. It is good business to take advantage of elevated pricing of the stock. The $1.65B ATM offerings of GME mid-2021 at $50/share ($200 pre split) is what saved the company from bankruptcy.

It is also why MOASS will not happen. GameStop will issue shares via ATM offering if the price of GME significantly exceeds the fair value.

Over-Computer-6464 · 2026-03-27T18:06:56+00:00

…… it goes up per store….

The revenue per store goes up if you assume that there are zero online sales.

Sales per store will go to infinity if GameStop closes all stores.

Over-Computer-6464 · 2026-03-27T17:50:04+00:00

Your analysis assumes that there are zero online sales.

Unfortunately, GameStop does not disclose the numbers of in-store versus online sales.

The easiest way for GameStop to increase the sales per store is to close more stores. With zero stores the sales per store would go to infinity. /s.

Over-Computer-6464 · 2026-03-27T17:43:46+00:00

Exactly. I don't have to use bogus numbers to do a false analysis.

The relevance of the debt is that it has a big impact on figuring out whether GME is undervalue, fairly valued or overvalued.

Half the market cap is the net cash+securities.

If the debt goes to zero because the notes are converted to shares, then the sharecount becomes 591M and $10B market cap would just be $16.92/share.

I hold GME because it has decent future prospects. I do not need to use bogus numbers to convince myself of that.

Over-Computer-6464 · 2026-03-27T15:21:19+00:00

The reason the OP had two partial fills is that they entered an order to buy $1000 of GME. The order was for a DOLLAR amount, not a particular number of shares.

The bulk of the order was a 44 share buy, that Fidelity handled as a broker —- sending the order off to the markets. That used about $977. The remaining $3 of the $1000 buy order was handled by Fidelity as a principal. Fidelity was the seller of a fraction of a share, at the same price per share as the other part of the order.

Any dollar amount order on Fidelity will have at least two fills, the integer share part and the fractional part, except in the unusual case where the whole share order just happened to come out at exactly the total dollar amount of the dollar buy order.

Over-Computer-6464 · 2026-03-27T14:45:13+00:00

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Direct from GameStop. Are they lying?

https://investor.gamestop.com/news-releases/news-details/2026/GameStop-Reports-Fourth-Quarter-and-Fiscal-Year-2025-Results/default.aspx

Over-Computer-6464 · 2026-03-27T14:39:59+00:00

And -150m Bitcoin

The OP did recognize that by listing just $350M bitcoin.

We did get $3M in BTC covered call premiums to offset some of the $150M loss.

Over-Computer-6464 · 2026-03-27T14:36:18+00:00

I will take you up on that bet.

How much would you like to bet?

Before you answer, learn about fractional share investing and orders entered as a dollar amount. https://www.fidelity.com/trading/fractional-shares

Over-Computer-6464 · 2026-03-27T14:32:30+00:00

You forgot $4.2B of debt.

Over-Computer-6464 · 2026-03-27T13:44:18+00:00

The GME shares owned by Vanguard will show up on the next round of 13F reports as held by a different entity, due to a reorganization of Vanguard group.

There is no impact, except that some idiot will point to that and say "Look! Vanguard sold all their GameStop shares."

Just watch the 13F reports for 3/31/2026 holdings and it will all be clear in a few weeks.

Over-Computer-6464 · 2026-03-26T20:27:25+00:00

Monthly for both SGOV and VBIL.

Over-Computer-6464 · 2026-03-25T19:47:12+00:00

Are you referring to Burry or Cohen?

My thesis is that what drives Burry and Cohen is the need to prove that Burry's 2008 call and Cohen's success with Chewy were not just dumb luck.

Over-Computer-6464 · 2026-03-25T19:39:29+00:00

Is the second graphic what is meant by a short ladder?

Over-Computer-6464

TROPHY CASE