Just won $100 worth of $KORI (at 40M mc) from @BullhornDegen giveaway. Thank you! Will be holding it to #Korillions. Iโll post a follow-up on this when $KORI hits 4b mc. Then the prize will be worth $10000.
Capital markets are funding the AI buildout at historic scale: ~$400B over 6 months. Bitcoin ETFs have seen ~$4B of outflows since May 14, pressuring $BTC. This is a capital rotation, not a Bitcoin impairment. Volatility creates opportunity.
GameStop reports highest quarterly net income in company history of $389.6 million. Highest first quarter operating income in GameStopโs history of $143.3 million. Net sales grew 14% year-over-year, driven by collectibles. Cash, marketable securities, digital assets and related receivables, and collateral pledged for derivative asset of $9.7 billion.
https://t.co/BAu3T6V9w4
๐ซ๐ฎ Aleksander Barkov.
Tore the ACL & MCL in his right knee during a training camp drill in September.
Missed entire NHL season after two Stanley Cups with Florida.
Comes back to captain Finland to an IIHF #MensWorlds Gold Medal.
Guy is a WINNER. ๐ฅ
Question of the day is where's the Babe Ruth.
Welp, we're very close to the cash per share floor on low volume with extremely negative social sentiment. That's a pretty great setup.
Is it soon? Tough to say.
People might remember that on 2/2 I said that was probably our top and we'd likely fall down into Feb Opex and then March Opex before bottoming 5 weeks after earnings 5/1 when IV typically hits a low.
Instead, Implied Volatility hit a 7 year low April 13th, bonds le-legended (if that matters) and we spiked on 5/1 into the eBay announcement. Now we are deeply compressed a month later following the request to increase authorized shares leading into Q1 earnings.
So our cadence is a month off from what I had expected back on 2/2 but we got our dip.
Could the stock rally strongly here into 11 days of volume?
Perhaps.
I like the setup here a lot, it's just later than I expected back in January, but does make sense given all the events that have happened this year.
The more important thing I want to remind anybody following along is that this is likely to happen again. I'm not saying it will, but the chart below is fairly self evident. For some reason the stock returns to the cash per share floor on a somewhat regular cadence.
So the pain I feel right now I want to remember. And the social sentiment I want to remember. Because when it comes again in the months to come, I am going to be reading the same posts on Reddit, 4chan, and Twitter, about how GameStop is a terrible investment, opportunity cost, bagholding, etc.
But I will remember and I will look back to the last time all those things happened and what I did that was correct and what I did that was incorrect and I will try to make good decisions (for me) again.
I hope you are able to make good decisions for you, too. I don't know what those are.
These moments are challenging, though, but after 20+ times I am honestly kind of numb to it and just mechanically buy the dip and wait patiently for the rip.
If you are new, well, welcome to the show.
$GME SHORT SELLERS TRAPPED
๐(rocket emoji for nostalgia)
1. The original "dying retailer going bankrupt" thesis is DEAD. $GME is profitable with recent EPS beats, $9B cash/assets.
2. $GME now controls 7.5% stake in $EBAY (shares & put/call pairs).
-Shorts crashing the $EBAY price just hand @ryancohen a cheaper buying opportunity. ๐ฅ
3. $GME has massive long exposure to $EBAY via put/calls
-Upside (toward or above the $125 offer) delivers huge wins on those calls, even if GME never acquires eBay.
TLDR: Shorts suppress = helps the buyer.
Shorts let it run = feeds GMEโs options.
Either way, trapped. ๐ฅ๐ป๐ฅ
Vesting is GONE ๐
Claim your $PLRL airdrop and it lands in your spendable balance within minutes.
Driven entirely by community feedback.
Applies to all four airdrops.
๐ Read the article below for all the details!
$GME
Dear GameStop shareholders,
This will be my last message to you. For now, my mission here is over. When I return, you will understand.
Before I leave, I want to wish all of you an incredible run and leave you with one final realization.
Have faith in the person you are trusting with your money. It genuinely hurt me to see so many of you criticize the man you will one day probably thank.
I know how difficult it is to keep believing after hope has been broken so many times. I know what it feels like to watch the price collapse, to feel betrayed, to lose confidence. But believe me when I tell you that every single dilution, every single move Ryan has made, has been calculated with almost obsessive precision.
Every drop would have happened anyway, with or without him. The difference is that he chose to take advantage of those moments instead of suffering through them.
He transformed GameStop into a company with billions in cash, zero debt, and the real possibility of building something massive. Something nobody would have imagined just a few years ago. Big enough to even consider moves as huge as a possible acquisition of eBay.
And thereโs something many of you still donโt understand.
The dilutions are not destroying your future. Because they happen during squeezes, during explosive upward moves, at moments where the stock is already moving vertically. Compared to the violence of those runs, those dilutions become almost insignificant to anyone who truly understands what is happening.
They are not taking money away from you. They are building power.
They are turning temporary volatility into permanent foundations.
Ryan is not putting out the fire. He is using that fire to forge something that can survive for decades.
And I will tell you this in the most honest way possible: Ryan Cohen is one of the most incredible people I have ever met in my entire life.
Most people only see the character. They see the troll, the provocateur, the funny guy joking around online. And he loves showing you that side of himself. He enjoys making people think he is just some idiot.
But behind that mask is an extraordinary mind. A man with a vision that is incredibly rare. A true leader.
In a world filled with greed, corruption, and filth, he is one of the very few people I have ever met who is truly capable of leaving a mark.
What I can tell you is not whether MOASS will happen or not. To me, it is no longer a question of โif.โ
It is a question of when.
When the price explodes. When the system starts collapsing under the weight of years of manipulation. When you will witness moves that today seem impossible.
And when Ryan will use those moments to raise capital and strengthen the company even more.
Because MOASS was already inevitable. The difference is that Ryan refused to waste that opportunity.
He understood that this event could be used not only to create temporary wealth, but to truly change the future of GameStop.
Everything is calculated. Every cycle. Every pump. Every drop.
And if you were the CEO of a company and knew the stock would move in certain waysโฆ wouldnโt you take advantage of it too? Wouldnโt you try to turn that opportunity into something eternal?
Ryan has always been a transformer. He takes something, changes it, makes it his own. He leaves a signature everywhere he goes.
Why let GameStop be remembered only as the greatest squeeze in market history? Why let everything end after one moment of hype?
He wants something bigger.
He wants to build an empire.
Ryan is already rich. He could have made money in a thousand different ways. He could have ridden the squeeze, cashed out billions, and disappeared.
But he does not want to be remembered only as the man behind MOASS.
He wants to be remembered for what he built afterward.
And anyone who has truly lost a father can understand certain things without them needing to be explained.
I am also the son of an entrepreneur. And I also lost my father.๐งต