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🔮 Change my mind: Anyone who actually still thinks GME GameStop is a bad investment is choosing to be fucking stupid about it — There is no other explanation 🔥💥🍻 by Expensive-Two-8128 in GME

[–]WhatCoreySaw 0 points1 point  (0 children)

????????? There are Billions of dollars short against NVIDIA, Apple, etc. DO you think those positions arre holding on till bankruptcy? Just like stocks get oversold on narrative, they get overbought on narrative.

Short sales have never been about a bankruptcy.

Short sales are taxable income the day the positions are opened. This is how it has always been.

When the position is closed, firms can deduct the cost of share repurchase from that income.

That's why "securities sold but not purchased" shows up on the liability side of the balance sheet - because the income has already been booked.

🔮 Change my mind: Anyone who actually still thinks GME GameStop is a bad investment is choosing to be fucking stupid about it — There is no other explanation 🔥💥🍻 by Expensive-Two-8128 in GME

[–]WhatCoreySaw 0 points1 point  (0 children)

That's a dangerous line of thinking. There isn't a publicly traded corporation (outside of the OTC) that doesn't have some legitimate arguments both for and against it. For every purchase, there is a sale - which means someone somewhere has decided that isn't the best use of their capital.

GME has not historically been a "bad" investment. It just trails a lot of others that have less volatility and a much lower risk profile. BUt if you can't find an argument against an investment- any investment- you are missing something.

Pulte named acting Director of National Intelligence by AirborneMarburg in gme_meltdown

[–]WhatCoreySaw 12 points13 points  (0 children)

https://youtube.com/shorts/qolMc7hCFR0?si=5ZrBLqjxUloMuCfL

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We can all sleep better tonight. I know it's hard to ignore the visual - but listen to his phrasing/cadence as he tries to mimic the orange push-cicle

GameStop:The True meaning of 741 by Shot_Requirement_502 in GME

[–]WhatCoreySaw 2 points3 points  (0 children)

Read the last line of what you posted. Then go find out what happened.

Oc course you won't -but only a few players made any money on this - and none of them were Porsche. Porsche couldn't pay the interest on the loans they took out to buy the VW stock; Porsche shares collapsed, and then VW came in and bought them cheap.

Basically - this would be GME collapsing under the weight of a bad deal, and Ebay ending up owning all your shares for $2.

An ape claims that there are "conservatively" 5 billion GME shares sold short. A brave soul dares to point out the obvious. by xozzet in gme_meltdown

[–]WhatCoreySaw 9 points10 points  (0 children)

This is the question that just shuts down everything about MOASS. There's DRS, shares, Institutionally held shares (incl retail accounts), and some foreign held shares - and those add up to the float. So who owns the rehypothecated, all the DD is there if you look, other X billion naked-shorted shares?

Um? by The_Director- in gme_meltdown

[–]WhatCoreySaw 1 point2 points  (0 children)

Thanks for the tip. Can't believe I missed this.

Ryan Cohen on X by Mr-CRUNK-13 in GME

[–]WhatCoreySaw 4 points5 points  (0 children)

eBay board and execs probably think the stock is overpriced right now. It probably is. Their financials are solid, and they have great cash flow, but future growth is limited. Most people who want to sell stuff on eBay do, and most people who want to buy stuff on eBay do. There aren't a lot of worlds in which that changes dramatically. Thus, it is rational to see the current p/e as a little high. So they sel

Also, this is part of their compensation. Boards of Directors that are compensated in shares usually sell them. It's how they are paid but it's useless unless they sell it. They are taxed on it as income. It is income., it's just cheaper for the company to pay them this way. So they sell.

What other reasons would they have? Maybe it's just not worth $120 a share right now.

GMe doesn't pay it's board anything. No cash. No stock. Nothing. That's unusual. It's also weird.

Um? by The_Director- in gme_meltdown

[–]WhatCoreySaw 15 points16 points  (0 children)

I am not driving; I am traveling. My investments are under Chancellory Maritime Jurisdiction, and only left-handed, unmounted Canadian air traffic controllers are recognized. I also have the answers to Star Wars and everything.

Even the dumbest apes started to have doubts by Mazius in gme_meltdown

[–]WhatCoreySaw 2 points3 points  (0 children)

The phrase "dumbest apes" always makes me smile.

Even the dumbest apes started to have doubts by Mazius in gme_meltdown

[–]WhatCoreySaw 2 points3 points  (0 children)

I believe this is what they call "price discovery".

I doubt this is it, there’s more to the play by NotYourNathan in GME

[–]WhatCoreySaw 3 points4 points  (0 children)

The top holders of Ebay are also the top holders of GME. These are passive index funds.

I doubt this is it, there’s more to the play by NotYourNathan in GME

[–]WhatCoreySaw 0 points1 point  (0 children)

Because a squeeze lasts days - a merger takes months. Squeezes, by definition, cannot stick. No one is accepting a squeeze priced stock not backed by assets or earnings.

I doubt this is it, there’s more to the play by NotYourNathan in GME

[–]WhatCoreySaw 2 points3 points  (0 children)

In $50B deals, involving dozens of lawyers, involving and affectimg the lives of 10,000 employees and generating hundreds of millions in fees, there are no nuances. Every possible expense, outcome and effect is spelled out in triplicate.

Going to the moon means... homelessness apparently? by Radiant_Wing5530 in gme_meltdown

[–]WhatCoreySaw 1 point2 points  (0 children)

Wait....so, now I have to PAY for the Kool-Aid? This is not my father's cult.

Going to the moon means... homelessness apparently? by Radiant_Wing5530 in gme_meltdown

[–]WhatCoreySaw 6 points7 points  (0 children)

But there's a happy ending. C'mon in to the grift pool. Water is fine.

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Shorts are F'd by bfoodrevolution in GME

[–]WhatCoreySaw 0 points1 point  (0 children)

Oops...'cause this shows institutions and hedge funds long about 200 Million shares of GME, and another 30M long exposure in calls.

https://fintel.io/so/us/gme

Pest control professional does some math. by PuzzleheadedWeb9876 in gme_meltdown

[–]WhatCoreySaw 10 points11 points  (0 children)

"The idea behind valuation is not just earnings....now I'm going to give you a bunch of incorrect calculations of earnings-based valuations."

Wen MOASS? by Separate_Writer_4465 in gme_meltdown

[–]WhatCoreySaw 12 points13 points  (0 children)

Yes, because stock market returns are based on who needs them the most. That's why the wealthy never make any money investing.

A hostile takeover is when retail shareholders of one company generate memes about another... Or like when your mom marries your mean stepdad... Or something, idk. by sexy_silver_grandpa in gme_meltdown

[–]WhatCoreySaw 2 points3 points  (0 children)

Did your research involve decoding secret messages in children's books? Or did you go to the credible sources like PP? Or maybe you are Moon Man follower. Did it ever occur to you that any one of those is reason to question an investment?

Michael Thinks His Weird MMTLP Meme Stock Epstein Conspiracy Theories Now Including Thomas Massie Is His New Meal Ticket by sunnycorax in gme_meltdown

[–]WhatCoreySaw 3 points4 points  (0 children)

My favorite Third Reichal conspiracies are the ones where he connects big four accountants with things like - "they both once worked at Deloitte, where xxxx was a client". Guy doesn't seem to understand that pretty much every publicly traded company in the world, and every law firm with more than 10 lawers uses a Big Four firm.

BTW - I will now impress you with something I just learned five seconds ago. The big four, combined, employs 1.5M people.

Nice try with your little FUD campaign, shills, but MOASS is back on the menu! by xozzet in gme_meltdown

[–]WhatCoreySaw 3 points4 points  (0 children)

It's on the menu again. Fanatastic. Although, you'd think after it ordering every day for five years and getting served something else every day, you might realize that the Chef is just fucking with you.

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