GameStop Extends Rout on Plan to Sell Up to 45 Million Shares

    https://finance.yahoo.com/news/gamestop-amc-shares-rise-two-100723939.html

    Posted by mycomputerisbroken7

    26 Comments

    1. Dan_inKuwait on

      It’s ok, folks can easily sell their shares… No one would be silly enough to lock them up, would they?

    2. Through Jefferies LLC, at any price, anytime, without notifying the SEC. Not saying good or bad, just…. Interesting

    3. InflationMadeMeDoIt on

      IDC my TA is that gaps are always filled so that’s my base case

    4. I bought 10 shares at $67… now I have 50 shares at $48… 🙂‍↕️🙂‍↕️🙂‍↕️ at least I was smart enough to know I’m dumb enough to venture in, so I didn’t get crazy

    5. It will never not be funny watching Rug Pull Ryan fleece these regarded apes over and over.

    6. itsnotshade on

      Pulling an AMC.

      The people who are brainwashed on this stock will delude themselves that it’s bullish because it means more cash on the balance sheet without realizing they’re the ones who donated to it.

      How this company ever came to symbolize the fight against big money and fat execs still confuses me. Employs minimum wage workers and forces them to do tiktok dances for OT hours.

    7. Fun_Entrepreneur_254 on

      RC told apes to get out of Bobby. Why does everyone think he did a “rug pull”? But most apes are idiots and misunderstood his message. Although… how filing to say he’s selling his entire stake of Bobby could mean anything but get out to someone, is beyond me.

    8. JordanDavidx on

      Can someone ELI5 this for me? Have been watching from the sidelines but curious to understand and explain if I am wrong:

      There’s short interest, people buy up shares to make shorts out of the money so they have to buy shares to close their positions before getting burned worse which drives up the price because retail whales aren’t selling.

      Company experiencing the short squeeze is in actual financial trouble and so they decide to allegedly collude with the funds that were shorting them by issuing new shares at prices at trading value so that shorts can exit their position cheaper and the struggling company can profit off the money of the issued shares, more shares flood the market, and anyone without a stop loss who bought near top will hold bag as the shorts and retail whales exit their positions?

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