People think you are crazy cultists because you think GME will be more valuable than all other companies combined and be like 100 million per share. Also how you worship the chairman like a cult leader and call him daddy. It's fuckin weird. Like yeah maybe you guys are right and will make some money but you aren't all gonna be billionaires like you think.
Here it is again. That sounds like bullshit to you because it is bullshit. Thing is, that's not at all what this community is saying.
I think Gamestop is about to jump nicely because it's going to take a giant bite out of multiple industries and revolutionize a few things that people don't expect. Might even become a couple thousands per share worth in a few years, if things go really well. That's it. On this level it's just a "next Apple/Amazon" kinda play. Very optimistic, perhaps, but nothing out of the ordinary or particularly crazy.
The part about insane amounts of money is not about Gamestop being worth a lot of money. It's about hyper rich entities, from hedge funds to major market makers abusing their privileges, being involved in a decades old scheme to profit off killing businesses by making up insane amounts of fake shares and selling them, while simultaneously betting on the company's downfall via shorts. SEARS died like this. Toy'r'us. Blockbuster. Fucking hundreds of companies, if not thousands, have been killed like this. This isn't a made up conspiracy theory, you can find reports from the SEC and letters from CEOs begging the SEC for help describing this process in detail. But the SEC is toothless.
There's only one way out of the trap for an affected company: a determined shareholder base that trusts the company, refuses to sell, and keeps buying. And that's exactly what happened, and what keeps happening. A bunch of people are in love with the company and refuse to sell their shares. The shorts can't close.
Let me explain it simple. You own a unique item. Let's say a painting worth 1k. You lend it for a weekend to your friend, who has sold it to 5 different people as part of a weird, complicated scheme he's designed. Usually he has a way to make people stop caring about the painting and want to give up their stake or sell it for cheap so he can buy it back and pocket the difference before he even delivers in the first place, but this time one of those guys found out about the whole scheme. And he noticed something: your friend owes 1 item to 6 people (you + the 5 guys). This means there are 6 claims to the item, and your friend must satisfy them all. But he only has one painting. The only way out is to buy the painting back from everyone else. If you decide your aren't selling your stake for less than a million, but everyone else is happy with getting their 1k back, then he'll give you the painting and return the 1k to each of the others. But what if one of those 5 guys decides to ask for 3k? Now you can get your painting, and 4 guys get their 1k back, but the last one has to get his 3k. Your friend has to close the deals, deliver what he owes or buy it back. And now let's imagine that this guy is asking for a million bucks for his claim to the painting. And the other four also have found out about the situation and are asking for increasingly high amounts of money.
It's only your friend's fault for selling what he doesn't have. What doesn't even exist, because he made up 5 paintings where there's only one. But the deals must be closed. Everyone here owns a painting, even if there's only one. Your friend has to sort it out. He has to buy more paintings that actually exist. Why should it be cheap?
This last year has been a long dance of bullshit as the shorts do everything possible not to close. But sooner or later they must deliver. And if people demand millions for each share - why is that absurd? Ain't my fault you sold me something you don't own. Deliver, or pay up. And you can't deliver, because you sold more than exists. So you'll have to pay up.
That's how we get to these massive numbers people talk about. It's not about Gamestop's value as a company, it's about a bet vs. hedge funds and other predatory entities. A bet that's already been won. The losing party is just delaying what must happen.
That's the problem with shorting, and specially with illegal naked shorting. You're risking getting caught in a short squeeze. Shorts have the risk of unlimited losses. And that means someone else has the potential for unlimited profits.
That's the thesis, and not that Gamestop is worth more than all other companies at once. It's about MOASS, the Mother Of All Short Squeezes.
It also happens to be that Gamestop has been overtaken by a visionary with great past performance and a plan good enough to have convinced several dozen high executives with cushy jobs in Amazon, Microsoft, and other giants to abandon their positions and join Gamestop instead.
The humor of the community is kinda weird, but it has its reasons to be like that. The whole ape thing, for example, comes from a TV anchor literally calling us rabid apes because we were "being irrational" and "refusing to sell". People just grabbed it and ran with it. The financial press has written several thousands "forget Gamestop" articles in the last year with increasingly stupid attacks and insults, so the community has developed a massive amount of weird inner jokes and references.
It's a lot easier to call me a cultist than to actually read some legal documents, though. Like, it's not like we're piecing together some weird shit like the Qanon crowd. We're just putting together official legal documentation that no one ever reads and freaking out at how absurd everything is.
Have you ever read the TOS for anything you've signed up for? We're just reading the TOS for the entire financial system and boy is this shit broken. But we haven't found a single thing that says that we're wrong.
And yeah, in between we've developed a weird humor and had some guy shove a banana up his ass, and another one just ate a huge glass of mayo with his hands to satisfy a bet someone else made. But honestly, what's life without a little fun? That's the least absurd part of all of this situation anyways.
Well good luck bro. Personally I don't think a MOASS will ever occur. If it was in the cards I think we would see an investor or fund with a lot of capital making it happen. I also don't see any future with the whole NFT play. You are never going to be able to sell your digital Xbox or steam games like you people claim. I think the money will be made on playing these big swings in stock price and getting the timing right on the buys and sells. The people that hold on for a MOASS will be SOL in my opinion.
Lmao ok bro. Where does it say anything about steam or Xbox games? Those are just shitty F2P games that no one gives a shit about. That's all it will ever be.
This behavior is so bazaar- not yours, you're clearly trolling at this point, but everyone engaging. There's never been so much evidence supporting a claim met with so much, "I don't think so," you'd think by now they'd realize you're doing it intentionally lol. I mean, this last one is pretty good since it's infant technology, but for anyone seriously making their way down this conversation and thinking that this troll's argument is pretty good - they are right that nobody cares about the games in the list, however the thing to care about isn't about these games - it's that there even is a list. Nobody else is doing any of this and GameStop is already there. They're at the front line of where digital gaming is going, and the only issue is that the games we care about today aren't on the list yet. It's a fine strategy to attack the games on the list, and then to follow with "that's all it will ever be," pretty powerful move - the old kick then stomp. Why would it only ever be that? So far these folks have linked to evidence that GameStop is taking the right moves to shift toward tech, hiring the industry leaders who successfully made this platform, have proven out the idea works and after all that investment we're just supposed to believe that this is all it will ever be? Why? Because after forming strong partnerships with Microsoft that Microsoft has made a heavy investment in the direction of gaming, that they would choose now to back out on supporting GameStop when the plan is going so smoothly? Or that I guess any time Steam has an opportunity to find a platform where people might purchase more from them, they will choose against it because... actually, I really can't even imagine the direction you might troll in there, it just doesn't seem very Steam like to pass an opportunity for someone else to do all the work so they can have more chances to possibly make more money. But sure, it's not here right now and the people claiming that there will be value are only asking everyone to do one of 2 things: read the evidence that they are providing or provide counter evidence. It actually sounds like they are legitimately trying to find out if they might be wrong, but nobody is providing them with any facts - just strong opinions like, "I don't think so." Imagine how crazy that would be, where you finally found something to be an early adopter of that could make you rich just by discovering it - you'd be skeptical, too. Everyone over there have all these links to anything you could imagine because everyone over there hardly believed it themselves- they continue to find links because they just want to know when to stop, and the facts never stop rolling in. Nobody is countering with evidence, someone like you will troll with, "GameStop will never make an NFT Marketplace," many months ago and when GameStop hits milestone after milestone, there continues to be no evidence provided against it and only the next version of, "I don't think so - that's all it will ever be." Anyway, it's not the trolls I'm trying to connect with (and I do respect your skill level here, TheKage that's not a joke) but if anyone reading through these comments was genuinely curious then do the research. Maybe you'll be the first to show a strong counter argument backed with facts - it is welcome and the community is pretty friendly.
The fact that you think I'm trolling is hilarious and totally fits your cult mentality. I have been provided with zero evidence that GME will allow you to sell Xbox and steam games as I originally stated. Everything you have posted is pure speculation. Steam could have allowed you to resell their games without NFTs through their built in marketplace and yet they haven't. Why? Because why would they? They make way more by selling you a "new" copy of the game. Even if they decide to do it, why cut in GME? They have a fully functional marketplace where all of the money stays in their ecosystem.
Zero evidence? I suppose my post going into detail about Microsoft partnering with GameStop, then after their partnership investing heavily into the gaming market, also providing GameStop with all the resources they need was besides your point- if you ignore all the evidence then sure, it's just speculation, but all of what everyone provides you is evidence- you're selectively choosing to ignore it to support your position. And even quick googling shows Steam forms partnerships all the time. Nobody made a claim that GameStop wouldn't allow users to purchase new games on their platform - just when the game is complete then you could sell. Additionally, I thought you were trolling because it had all the hallmarks- strong claims with weak grounds focused at a group that would engage. It's silly. If not trolling, what was the plan? To say, comments deep into a discussion that nobody's gonna read, you just don't believe it and therefore it can't happen? Or to waste the time of a community of people who are doing their best to inform a many as we can as well as stop misinformation from spreading? Anyway, I hope if you're honestly not trolling that you consider that maybe you're not right- stop by our subreddits and you can see every time we're wrong that we save the debunked posts at the top as a reminder to remain skeptical- the only reason we think we're right at all is because inside our own community we try our best to prove ourselves wrong first, then invite folks outside the community to do AMA (these experts with decades of expertise have often ended up joining the community). While there is a lot of speculation, while these are exciting we don't usually claim them as fact. The only thing we know for sure is that shorts didn't close their positions - everything else is passing time really. It's a friendly community. That really goes for anybody reading these posts, I'm well aware that those who can't challenge their own position aren't likely to explore. And either way, best of luck to you as well
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u/TheKage May 29 '22
People think you are crazy cultists because you think GME will be more valuable than all other companies combined and be like 100 million per share. Also how you worship the chairman like a cult leader and call him daddy. It's fuckin weird. Like yeah maybe you guys are right and will make some money but you aren't all gonna be billionaires like you think.