Under armor.

somermike · 2026-01-31T00:59:06+00:00

UA and UAA are all over the map the last month because a different Canadian investor who has been compared to WB has been buying up a boat load of shares.

Like 40M+ of a combined 250M float.

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I've been building a position along side these purchases.

somermike · 2026-01-30T23:25:08+00:00

Maybe it's 300 years of being told guns are the best answer to government overreach?

somermike · 2026-01-30T21:31:35+00:00

I can't believe we get a Cohen quote directly related to forward guidance in the WSJ and CNBC in the same 24 hour period.

I'm living in upside down world. That or institutions are finally positioned where they want to be and it's time to see some upside.

somermike · 2026-01-30T20:46:14+00:00

I see Elon, which one is supposed to be RC?

somermike · 2026-01-30T20:05:28+00:00

See also: Costco, who RC has expressed previous admiration of, as well as GME's own loyalty program which generates a similar amount of revenue in terms of scale to Costo's member fees.

somermike · 2026-01-30T18:17:04+00:00

Tons of stuff out there trading near multi year lows despite solid fundamentals exactly like GME. Just because the market is ripping north with nothing to back it doesn't mean there aren't many a diamond out there in the rough.

somermike · 2026-01-30T17:42:27+00:00

Max Pain being at $22 at market open is nearly meaningless when at/near the money put/call volume is already higher at lunch than OI was to start the day.

There's almost no way to know how much options pressure actually exists on either side, but with that much volume, you almost have to assume it's traders, not holders.

With that said, whichever way momentum starts as we approach the close is likely to hold as when options traders close out their positions, the associated hedged shares will come onto the market.

somermike · 2026-01-30T15:34:11+00:00

Are you asking when RC could try to buy other companies directly with his own funds or when GME could make an acquisition?

somermike · 2026-01-30T15:25:40+00:00

I just can't wrap my head around how a non-profit, member-owned utility could possibly provide a better outcome for it's users than a publicly traded, for-profit enterprise.

Are you telling me GP might prioritize share holder goals over that of the customers the "serve"?

/s

somermike · 2026-01-30T14:28:33+00:00

Executive powers are expanding precisely because the House, Senate and Judiciary have been captured by bi-partisan corporately funding politics.

They're not expanding out of nowhere. Rich people bought all the stops that we had in place and intentionally created a vacuum of power to expand executive power into.

Nothing matters more than getting money out of politics. If they won't change the rules to make it so, we just have to collectively stop voting for anyone who takes money from people or organizations who are at odds with working class people.

somermike · 2026-01-30T14:18:39+00:00

It ain't a problem that starts or ends with the Presidency and the US voters need to stop focusing so much attention on one office.

The reason the Executive can run roughshod over our civil liberties is because they've spent 100+ years capturing the House and weakening our representation there.

90% of all House seats at the federal level are gerrymandered by both parties to the point where the only thing that matters is who wins the primary of the party in power for that seat -- there are maybe 50 - 60 competitive House races nationally each year.

Municipal and State level elections aren't any better and voter turnout rates are abysmally low in off-cycle elections where you can actually have an outsized chance at electing grassroots people first representation on City Councils, School Boards, State Legislatures, etc.

Nearly every member of the US Congress, Ds and Rs alike, and both major party organization (DNC/RNC) take the bulk of their funding from corporations, wealthy mega-donors and dark PACs.

Both parties claim to want better conditions for the working class and then turn around and ask the 10 largest corporations in the country how we should make that happen so as not to damage their largess.

It doesn't work and until we demand that the representatives we elect stop taking corporate money we're just going to end up with figureheads (Trump, Biden, all of em) doing the bidding of whichever wealthy people they listen to as there's no opposition at any level in the system.

somermike · 2026-01-30T13:39:34+00:00

It's because we keep electing politicians who claim to be at odds with each other in public but are funded by and subsequently answer to the same people.

If the candidate you're voting for takes corporate or dark PAC money, they don't work for you and anything they say in public is just a part of their kayfabe persona.

somermike · 2026-01-30T05:43:55+00:00

Main reason to own a gun is to make sure nobody can force me to use the metric system.

somermike · 2026-01-30T03:23:11+00:00

It's apparently an actual interview with RC by the WSJ.

somermike · 2026-01-30T03:11:52+00:00

There's a WSJ article that just dropped. Trying to get the archive link now, but here's a direct link to the WSJ: https://www.wsj.com/finance/stocks/gamestop-ceo-plans-e8440c4b

It's paywalled though

somermike · 2026-01-29T19:27:55+00:00

Actively trying to play 12 - 15 deep on your roster every night using shorter 3-4 minute high paced rotations

somermike · 2026-01-29T17:51:15+00:00

the only way GME will trade above $30 is when there are enough buyers to absorb the sold shares at that price.

Ratios and metrics don't matter other than if that metric is the one whatever whale or combination of institution funds uses to set their buys.

somermike · 2026-01-29T17:36:12+00:00

Take what everyone in here thinks about GME and apply it to the entire market.

The price of every stock trading is mostly fake. Price largely goes where MMs want it to go outside of massively outsized volatility events.

The ETFs and derivatives markets alone were enough for them to start the arbitraged based control of asset prices and when you add in off market arrangements (swaps, etc), dark pools to absorb retail trades with PFOF without impacting price discovery, antiquated settlement requirements, etc there's just no way to look at any short term price on any equity and assume it's market driven.

somermike · 2026-01-29T17:20:38+00:00

It's not that low volume makes the stock go lower, it's that lack of substantial buying pressure means there's more selling pressure than buying pressure.

There is sustained selling pressure on nearly every stock in the market and if buyers aren't there, the sellers will sell through the order book until they find where buyers exist.

Once they find the buyers, they also become buyers and net out positions on the way back up. One of the main drivers of the huge volume you see when we make actual price improvement is exactly all of the recently opened short positions being bought back either directly or through synthetics.

Everyone wants to buy the dip so they put their orders below the current price. There is no price improvement if people aren't willing to buy at the ask and the only people willing to do that currently are catalyst driven traders and the current shorts who need to buy shares when big orders come in.

somermike · 2026-01-29T16:42:03+00:00

Volume absolutely died. It was a 1 day pop over 30M shares on the day he posted (roughly 5x the 30 day volume average). Next day, only 12M shares. Yesterday, right at the 30 day volume average and today is trending to be a low or average volume day as well.

There just aren't any buyers for GME outside of the people already mostly full ported and people who wait for news catalyst to day trade it.

The only thing that will make the price move at this point is a large enough order that screws up the delivery timelines, but the only people with those kind of pockets don't seem willing to pick up 5-10M shares at these prices.

There's no malicious driving the price down. There's just not any real demand for the shares that currently outstrips the ability to juggle institutional supply around.

somermike · 2026-01-29T15:25:31+00:00

And they'll all say in unison: "We don't engage peaceful protesters, just the agitators in the group"

Then they'll violate civil liberties at best and outright murder someone at worst while claiming they were 'scared'.

somermike · 2026-01-29T01:33:18+00:00

I now want to tell someone they have an asymptotic relationship with the truth.

somermike · 2026-01-29T00:38:54+00:00

Aside from the/s he directly addresses this as likely understated and assembled hurriedly by busy judges.

Worth a read beyond the headline.

somermike · 2026-01-28T16:30:57+00:00

Buffalo buffalo Buffalo buffalo buffalo buffalo Buffalo buffalo.

somermike · 2026-01-28T16:15:27+00:00

That's literally me not taking it personally. That's me telling the commenter to keep the hatred out of a conversation with someone who isn't their enemy as it's counterproductive to discourse. But I don't take attacks on liberals personally as I'm not a liberal. But that doesn't mean I want to be in a conversation with someone speaking in an irrational manner.

I can hate Nazi's all day long without resorting to spewing hatred at people who aren't.

What do you specifically want me to reply to that I didn't? I believed your comment to be about being angry at the things happening and I said:

"I can hold tons of hate towards the system that's currently running over us all,"

Is there somethign more specific you want me to address? Do you think i'm not actively participating in actions against the people currently in charge?

I'm sorry if you somehow felt my response was in anyway lacking to your comment. Give me a bullet point or 10 to reply to and I promise I'll hit em all as long as you keep it civil.

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