Monthly 7 Year Cycling
Notice in green where RK bonked it.
Obviously the last 2 years have played out much differently than I think others hoped.
Now if they try for a force down of any sort they will meet enormous buy pressure. Not just from the company itself but from arb desks and folks that respect the cash per share floor or book value or changing fundamentals.
Again, not bearish. In fact, the opposite. I see an algorithm that seems to demand repeating but is getting very badly interupted.
And for those who randomly to pop in to ask, "who is they?" in an attempt to pretend like they don't know what's going on here, I'll say it plain: very large short sellers that are extremely negative on this trade and have been for over five years. Absolutely blown out on their position and can't close.
"I am appointing the Director of the Federal Housing Finance Agency, and Chairman of Fannie Mae/Freddie Mac, William J. Pulte, to serve as Acting Director of National Intelligence." - President Donald J. Trump
Congratulations to Director Pulte! 🇺🇸
Woah Buddy! Insane LEGO Corruption!
The American Fork Police Department just "accidentally" released 50gb of unredacted Body Cam footage reguarding Reckless Ben and Bricks and Minifigs, but deleted it to late before the internet grabbed them.
In the media dump the Joshua Johnson asks to see the legal court papers but the officer refuses to show it to him because it would count as a legal service and says it would "place him in a bind"
This police department, Joshua Johnson and Ammon McNeff are all toast. I've never seen the internet unanimously come together in unison on anything like this in my life.
Watch
The world will slowly get used to having to talk about GameStop in a different light
First it will appear on twitter this way
Then it will change on cnbc
Once it hits cnbc you will know RC is in full stride $GME
Shorting is a world filled with slippery slopes and sand castles. The sand castles are real, and vulnerable, but the slippery slopes drive men insane and ultimately prevent most from being properly positioned when the castle is washed away.
I had a funny convo last week with the global practice head for board searches at a top exec search firm. They do ~400 public co board searches a year.
I told him how at GameStop, none of the board members or CEO are paid cash or equity.
He said, "So you grant options?"
I said, "No, the stock board members and the CEO get come from purchasing stock just like any other shareholder."
He said, "So you grant restricted stock units?"
I said, "No, we don't grant any equity and don't pay any cash. We believe this aligns our interest with shareholders."
He said, "What?!"
Out of the thousands of public co board searches his firm had done, they had never done one with no cash or equity comp - it blew his mind.
To my knowledge, only Berkshire Hathaway and GameStop have no comp for the board. If there are others, let me know.
This comp structure should be more common as it really does foster alignment with shareholders.
$GME
Short selling is not a crime. Mr. Left was convicted of fraudulently manipulating the market, not for ordinary short selling. He used his reputation and public platform to artificially manipulate the market through misleading statements published in the public domain. Retail investors relied on and invested in positions based on Mr. Left’s representations, to their detriment.
Ordinary and lawful short selling involves truthful and good faith research on a stock, but this is not what Mr. Left did. He made misleading statements to move the stock so that he could quickly trade on it for his gain. In essence, he cheated.
There was overwhelming evidence that this was not ordinary trading, but a strategy designed to take quick profits through social media posts motivated by his desire to make a quick buck. That is fraud.
So theoretically if $GME initiates a $2B share buyback at the bottom & price then goes above $32…
Warrants get exercised & the company raises $1.9B back? But issues less new shares than they bought back?
I sure would hate to be short right about now 😈
So in the last ~48 hours:
✅ https://t.co/LCUMbBv4aC is replaced with "Opening soon."
✅ Bill Pulte became Acting National Director of Intelligence.
✅ $GME dropped earnings early without a formal announcement.
✅ $GME announced their most profitable quarter in company history, as well as share buybacks.
What's next? 👀