Topspin Assassin

Stocks (former Fund PM), Star Wars, Guitar, Fishing, Tennis - If I'm tweeting about one of these things, chances are I actually do know what I am talking about.

[Topspin Assassin @dankourny]

@alwaysbclosing8 @iamrpk Hopium tastes so much better than reality. $gme

[Topspin Assassin @dankourny]

@ruedaoj @ryancohen Buffett has never bought hopium or a business in a dying industry hoping they’d reinvent themselves as a bitcoin treasury co or an activist company trying to buy a better-ran company 6x its market cap. There is zero similarity between Buffett and Cohen. Zero.

[Topspin Assassin @dankourny]

@Diputsur @_tradespotting There has to be something of value in the acquisition target other than the cash on the balance sheet. Otherwise it’s more of a reuse of a zombie business than an acquisition aimed at growth. But yes, cash is only worth the value of the cash.

[Topspin Assassin @dankourny]

@Diputsur @_tradespotting The proper valuation of $9b in cash is $9b. You don’t put a multiple on cash. It’s worth exactly 1X the cash. Cash in $gme hands is not worth more than the cash anywhere else. It’s why $gme deserves to trade at a low multiple overall since cash is most of the story.

[Topspin Assassin @dankourny]

@gmefan1684 @Kyl0Z3n @ryancohen @TheRoaringKitty 20% higher than current trading price is not a fantastic offer and $eBay and $gme could both benefit from just partnering on authentification via GameStop store fronts if the EBay team saw true opportunity for growth through that. But back to the offer, $125 not high enough.

[Topspin Assassin @dankourny]

@gmefan1684 @Kyl0Z3n @ryancohen @TheRoaringKitty There is no fantastic offer on the table in this present case.

[Topspin Assassin @dankourny]

@GoatBeardzDD @ryancohen Is there a question in there for me? Or just rhetorical?

[Topspin Assassin @dankourny]

@heyshawnjr @GoatBeardzDD @ryancohen No they would not. It’s too low of an offer price relative to where it was trading before the offer and relative to recent performance in recent years. It’s not an attractive offer at $125, all cash or not.

[Topspin Assassin @dankourny]

@heyshawnjr @GoatBeardzDD @ryancohen He can force all he wants, institutional investors are not going to accept $125 and especially not as half cash/half stock. The 5 year $ebay stock return has beat the market. Shareholders see lots of upside to $125 in current $ebay future. $gme

[Topspin Assassin @dankourny]

@GoatBeardzDD @heyshawnjr @ryancohen I think $150 all cash would require board to put it to shareholder vote and shareholders would accept. Current $ebay board and institutional shareholders will not accept any portion of deal in stock. $gme is not an institutionally-respected stock and Ryan is not highly regarded.

[Topspin Assassin @dankourny]

@heyshawnjr @GoatBeardzDD @ryancohen They won’t take $110. There’s no reason for them to. It’s not enough of a premium over where the stock was prior to the $gme offer announcement. A board is not required to take a offer just because it’s above where the stock is currently at. It has to be “2 good to pass up”.

[Topspin Assassin @dankourny]

@JKLivinLife @GMEdiamondhand @ryancohen It’s not going to happen. The short squeeze ship sailed away a long time and millions of newly issued shares ago. $gme

[Topspin Assassin @dankourny]

@GMEdiamondhand Bull shill talking points related for the millionth time to the fellow community of bull shills is not going to make the stock go up. That’s not how echo chambers work. The collective wisdom of the full market doesn’t see the long term $gme story as rosy as y’all do.

[Topspin Assassin @dankourny]

@Lodoghir @staypredictable That part doesn’t matter. Just the retail/Cohen circle jerk. $gme

[Topspin Assassin @dankourny]

@GregIsKitty You do understand the idea of being willing to sell a little at $108 does not mean you would be willing to sell ALL at $125? Especially when it’s not a $125 cash offer. $gme

[Topspin Assassin @dankourny]

@GoatBeardzDD June 18th is likely a triple-witching options expiration day. Basically the major expiration day for that month and the second quarter overall. There is always a single date that stands out from an open interest perspective. It’s not related to the $eBay meeting date. $gme

[Topspin Assassin @dankourny]

@JuniorsFinest24 @PhantomBlack699 It doesn’t. But the hopium calendar needs something to hype up every day of the year. $gme

[Topspin Assassin @dankourny]

@PhantomBlack699 @Koalalogic741 So you already have your bullish spin ready for a $GME trading at $13. You are quite industrious!