You’re right, it’s not over. RICO charges are incoming.
Naked short sellers who are “stealing” should all be hanged for treason for the financial devastation they have caused America and its citizens. The Wall Street terrorist organization of naked short sellers is selling “sold not yet purchased” synthetic shares into the market — shares that don’t actually exist — in order to short and distort American companies into the ground.
This is a direct threat to American citizens’ sovereignty and financial security, making it a national security issue that should be treated as such. These acts severely harm jobs and families’ ability to provide for their futures
If $EBAY trades up to $125, the $GME derivative position is already worth somewhere between $927M and $1.47B depending on which part of the options book you’re looking at, with roughly $186M to $236M of pure profit sitting on top of an approximately $10M all-in entry cost, which is less than 0.1% of GameStop’s ~$9B cash on hand. Push eBay to $150 and that same position swells to somewhere between $1.5B and $2.1B, with $750M to $900M of embedded profit. Push eBay to $175…?
And the setup only gets more interesting when you look at the float: institutions alone own roughly 104% of eBay’s outstanding shares, insiders including Pierre Omidyar and Margaret Whitman hold another <4.9% each (non-reporting), retail accounts for a small slice on top of that, short interest sits at roughly 3.5% of float, and GameStop’s exposure adds another 6.55%, stacking the total well past 100% of the available float before you even factor in rehypothecation.
If GameStop even deploys 5% of its total cash on hand right now, this can turn into a generational trade for Ryan Cohen as our Chief Investment Officer at large, whether or not the acquisition goes through. Ryan delivered on exactly what he said: an investment* that has limited downside, and asymmetric upside. From a capital allocation perspective? The way he has set us up here is incredible, and going to protect shareholder capital at all cost while bringing the biggest ROI possible. And if we get eBay? A bonus as we become an instant $60B company, accretively per current share of GameStop.
Thanks Ryan Cohen. I’m voting YES on all.
It appears the SEC, FINRA, DTCC, etc. are complicit with crimes against retail, including:
FTD’s
illegal shorting
synthetic shares
dark pools
off market trading
congressional insider trading.
Thank you for your time and consideration!
$GME $DJT