American, Capitalist. Disturbed by un-American trends like Gerrymandering and Lobbying. ## NEVER FINANCIAL ADVICE ##
GameStop
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“With my family, I’m a communist. With my close friends, I’m a socialist. At the state level of politics, I’m a Democrat. At higher levels, I’m a Republican, and at the federal levels, I’m a Libertarian.” - Nassim Taleb
“With my family, I’m a communist. With my close friends, I’m a socialist. At the state level of politics, I’m a Democrat. At higher levels, I’m a Republican, and at the federal levels, I’m a Libertarian.” - Nassim Taleb @nntaleb
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Wandering Capitalist retweeted
And no amount of preparation will save them from the scenario where retail traders (that haven't sold a single $GME share these past 6 years) continue to refuse to sell their shares once the unwind starts 👀
THEY HAD THREE YEARS TO ADJUST THIER BOOKS/POSTIONS FOR THIS MONUMENTAL EVENT
$GME
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$GME WallSt has an unspoken convention that they don’t buy in size on Fridays. Participants use this opportunity to push down stocks with very little volume. The buyers just aren’t there. We’ll learn more next week, either way.
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Wandering Capitalist retweeted
Just so I’m understanding. It took near 50mm in volume to go up roughly 10% this week. But only 13mm to drop It roughly 7% sure. $gme
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Wandering Capitalist retweeted
UMich 48.1
I believe that's the 2nd-worst in its history
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Wandering Capitalist retweeted
My reaction every time I end a post with “Suck my balls Street”
Have a thesis and a disciplined strategy that covers a wide range of scenarios. Adjust accordingly as new information comes in.
For every outcome, your hand stays steady. You already faced these probabilities & developed a plan accordingly. Execute.
No matter who you are, it's still not as easy as it sounds. One mistake can rattle you into strategy abandonment after a spree of flawless execution. Learn & improve, or derail.
For me, $GME is undervalued. And I like the stock.
I like the long term thesis. eBay is a global legacy brand that can be largely automated by AI. Its services are ideal in an economy where people are looking to both save money & make money on goods. It has immense upside and plenty of synergies with GME's operations. It's a perfect acquisition target. I expect there will be more, similar acquisition targets in the Cohen era. For those reasons, I am long GME.
I like the short term thesis. I estimate GME's standalone strategic value at ~$28. I estimate the combined value of GME+EBAY with rollover equity for the stock consideration, to be ~$37. And I also like the downside protection. The media values GME+EBAY at ~$23 with spot issuance for the stock consideration. And there is a strong level of support at $23 where Cohen made his largest ever open market purchase.
Charts, swaps, indicators, exchange activity; all noise for me. Again, for these reasons, I like the stock.
Suck my balls Street.
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Wandering Capitalist retweeted
When a stock you own drops 25% it's an "opportunity". When it drops 10% more you call the CEO to verify the thesis and buy more. When it drops 10% more you get annoyed insiders aren't buying. When it drops 10% more you sell your stock to the investors that are going to make money on the stock.
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$GME Bear always attacks on Friday OpEx. That way covered call sellers can survive to sell covered calls another day. Until one day, a bull shows up.
Animals Fucking Dying 🐕
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$GME thank you for the dip, call sellers. Your betrayal will be my dip buying opportunity once again.
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Wandering Capitalist retweeted
$GME
😎The real Gs talk about the corruption and how $GME will expose it all.
💀The fake ones (many large accounts) talk about how much money they make trading it.
The truth is the matrix wants you to trade more because
CNS re-nets outstanding obligations with new trading activity.
What Wall Street does not want: When turnover dries up while obligations remain unresolved, fewer offsetting flows and tighter deliverable supply could intensify settlement pressure. Those obligations keep aging (age per share) and participants struggling to obtain shares may have to pay more to secure them. An increasing age per share leads to short squeeze town.
Sometimes the strongest move isn’t another trade. It’s refusing to make one.
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Wandering Capitalist retweeted
$GME
here comes shorty for their qtr end mark for next week
all about m2m
closed Q2 22.08, thats the price they want for their fake performance mark
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$GME Thinking long term. Predicting a down day on a Friday OpEx isn’t rocket science. It’s a repeating parrot.
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Wandering Capitalist retweeted
So your saying there is a chance!
yeah I do agree with @TheUltimator5 that is a bearish trade, I have it marked as a Synthetic short forward.
when these short forwards get run over buy organic buying they become bullish.
So when there are the only game in town they mark tops or can mark tops (only 21% of the time)
the 1/23 trade got run over by Burry
the 9/1 trade got run over by Cohen
the 9/24 trade.....hope we see something
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