Corporation: "We made $4B but spent $3.9B so we only owe taxes on $100M."
Government: "Totally reasonable."
You: "I made $60K but spent $58K on survival."
Government: "You owe taxes on $60K."
You: "That's not—"
Government: "File by May 15."
I'm wondering why they would need that much money. Maybe it's because of a huge toxic swap on their short position in $GME ?
Why are people still giving them money? Just let it implode and let the vultures circle and pick it clean.
$GME GameStop just approved a $2 BILLION share buyback program (valid through 2029).
They now have ~$9.7B in cash and are basically saying: "Our stock is undervalued, we're buying a lot of it back."
Big vote of confidence from the board.
🚨BREAKING: GameStop just dropped a mention of artificial intelligence in their Q1 report, right in the Cautionary Statement about forward-looking stuff.
They're basically admitting they're either already using AI or planning to use it in the business! 🤯
$GME
🚨 BREAKING
MARKET MANIPULATION SCANDAL
ANDREW LEFT'S MAINSTREAM MEDIA APOLOGIST CRONY AND FOX BUSINESS PRESENTER CHARLES GASPARINO IS MELTING DOWN AS HE KNOWS HIS DAYS ARE NUMBERED
@CGasparino@pulte
People are tired of hearing these things, but I must emphasize them always.
- I don't know what is going to happen.
- I am always wrong.
- All models are wrong, but some are useful.
- Please make good decisions for you.
- I can't know what those decisions are.
- GME probably isn't for everybody (it is stressful).
- None of this is financial advice ever.
- I am desperately trying to learn.
- Give generously.
- Love always. Especially the haters!
If I missed any of the disclaimers, please remind me in the comments!
This is the weekly chart which has been extremely helpful for me personally. I only have a few indicators on the chart.
#1 The "Cash per Share" floor. For anybody that followed the videos, coming up with this was rather accidental. We noticed the stock continually coming back to a line on the sheet, once per quarter. So this model was developed and refined based on that observation. Of the various models made, it has been the most consistent. I am eager to see the 10Q to update the figure shown but with the company release and ignoring the eBay position, this increases the theoretical floor quite substantially. Note that it is just a theoretical model, but I want to emphasize that I personally do look to periodic returns to this level, thus the very large buying I engaged in the last two weeks sub $22. I plan to personally respect this theory again and people should know that. So I am bullish but limited bullish based on this pattern. But this pattern can certainly break. So trade it at your own risk.
*Notice I have some forecasting on the chart for future quarters. This assumes similar profits. If the warrants fall off for any reason the denominator drops and the line moves up 13% or more.
#2 Bollinger Bands and Stoch RSI. You can see the periodicity here. Do we repeat the pattern and move up to the top of the bands now with Stoch RSI moving from 30 to 60? We'll see, but again, trade at your own risk.
#3 Kitty PMO but on the 1-week with his 55-period SMA. This flipped bullish as he returned in April 2024 and flipped bearish with the second bond offering in June 2025. To flip bullish again what you would want to see is the SMA (green line at the moment) bottom out and then turn upward. Then you'd want to see the PMO (pink line) cross over the signal (blue line) and all 3 move upward.
So optimal formation is:
PMO over Signal over SMA and all 3 facing up.
We literally have the inverse of that right now so maximum bearish. But it is always maximum bearish right before the cross.
I don't know if/when a bullish cross on the weekly PMO will happen but that's something I keep watching extremely closely. Because it only happens every few years and when it does, the stock rips violently. I don't want to be selling CCs personally into that event, but people should do whatever they think is best for them.
I hope something hear is helpful.
In summary, please make good choices for you. I run a fairly complex trade on this thing that tries to respect what I consider the short side's target (cash per share floor) while being bullish in a limited respect short term while very bullish long term. I am constantly evaluating the technicals and fundamentals to see if I need to adjust strategy.
And even with all that being said, I am absolutely terrible at forecasting the thing as well as trading the thing. But hopefully folks following along can appreciate that you really don't have to be very good at either to do well here. You do have to be pretty courageous, though, no matter how you approach it.
Most importantly,
- Christ is King!
This whole story and saga is absolutely fucking insane. I’m so glad to be apart of it and to have met so many great people in this community. What an amazing story and ending this will be. Thank you to everyone who believed in all of us.