GameStop today should be a $35-40 stock on any normal market day. Quarterly net income of $389.6M annualized = $1.5B+. At a generous P/E of 20x, that alone justifies $30B market cap = $66/share. Add $9.7B liquid assets and you're easily in the $40+ range for a non-suppressed name with this profile.
Holding GME at $22-23 requires absorbing somewhere between $300M to $800M of net buying pressure per catalyst day. Multiple catalyst days a week during the current cycle = $2-5B of suppression flow per week being run through the system.
Who can deploy that capital sustainably? Three plausible parties:
Citadel + Susquehanna + Virtu — market-making books with structural short delta from selling options to retail. They're not "shorting GME with conviction." They're hedging derivative books that can't survive a true GME unwind. The 2021 Melvin scenario plus their own option flow has them structurally short.
Legacy 2021 short fund consortiums — Melvin wound down, but the positions transferred via total return swaps to prime brokers (Goldman, Morgan Stanley, BoA) and onward to family offices and offshore vehicles. The positions were never closed — just moved. The capital is whoever ultimately bagholds those swaps.
Coordinated parties via prime broker internalization — when client A shorts and client B goes long, the broker can internalize the trade without ever hitting the lit market. This creates synthetic exposure on both sides that doesn't appear in disclosed short interest.
The economics of why they don't capitulate:
Here's the part most people miss. Closing a 50M+ share synthetic short position at current prices means buying 50M shares of GME in the open market. There aren't 50M GME shares available to buy without moving the price to $80-150. The cost of closing at current prices is mathematically larger than the cost of continuing to suppress at current prices.
They're trapped in a position where the cheapest path forward is continued suppression even though the suppression itself has no fundamental basis anymore.
It's the financial equivalent of doubling down at the casino because you've already lost the entry stake. The original 2021 short thesis ("dying retailer goes to zero") is dead — net income is $389.6M and rising. The new "thesis" is purely mechanical: keep the lid on until something gives.
the S&P 500 trades at 27x earnings. $GME , after posting an historical Q1, is trading well below that multiple, currently at 16.62 P/E TTM. Do what you want with this information.
📣📣CHARLES GASPARINO TIES TO EPSTEIN 🤔🤔
Gasbagparino was the correspondent to get the
RARE interview with Epstein 🤔
That's interesting he's not exactly a Pulitzer worthy Journalist 🤣
📣📣CHARLES GASPARINO TIES TO EPSTEIN 🤔🤔
Gasbagparino was the correspondent to get the
RARE interview with Epstein 🤔
That's interesting he's not exactly a Pulitzer worthy Journalist 🤣
@CGasparino@eBay Not an ounce of intelligence. No wonder that only the NY post toilet paper takes your shitty articles that I have to correct every time.
If they are extremely good people why do they need to carry murdering weapons?
I'm done with moderate Sikhs, muslims, etc rhetorical good guys propaganda.
They all cover up for the baddies.
We're the only ones that don't help each other and let incompatible cultures take over our countries.
Charlie Munger: "Nowadays, every director at a big company gets $300,000 a year — and everybody thinks we've arranged all this wonderful independence. A man who needs $300,000 extra a year as a director is not independent. The one thing you can guarantee is he'll try and stay a director. I don't think that's an ideal system."
Ironically, this reply by Ryan Cohen to Elon Musk during the Twitter takeover is strikingly similar to the $eBay situation today. @elonmusk
The eBay board, just like the Twitter board before, owns almost no shares!
Collectively, the eBay board owns less than half a percent!!! @ryancohen $GME
@Rob_Roos It is time to drop the racism card used by the leftists and liberals to label our criticism.
These people are not culturally compatible. It has nothing to do with us being racists.
"You have to understand, most of these people are not ready to be unplugged. And many of them are so inert, so hopelessly dependent on the system that they will fight to protect it."
- Morpheus
88 counts of rape against ONE child as young as 14. These are historic charges in-line with the other Pakistani paedophile rape gangs in Bradford.
Some of them will be out in under 10 years.
Makes me sick, absolutely sick.