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GME tumbled after uneventful annual meeting: Is the hype fading?
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$GameStop (GME.US)$ I had several people ask me so I just wa...

$GameStop(GME.US)$ I had several people ask me so I just want to clear this up.
the 75 million shares that GameStop offered for sale are class a common shares. there are free trading there's no restriction. they are not a preferred stock they are not a convertible there's no warrants associated with them it's not a new series of stock it is class a common stock they are selling so it is available to trade immediately.
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  • The Only Way is Up : means shares dilution ?

  • 10baggerbamm OP The Only Way is Up : correct. so this is the second offering that Ryan Cohen has done recently which is dilutive to shareholders and what it also does it provides the hedge funds or the individual (s)  that are short that potentially would have to go back into the open market and buy stock to cover shorts or cover somebody who's converting an option that's deep in the money, the ability to cover and close out these positions without going into the open market and buying and pushing the stock high therefore no squeeze.
    of course the potential upside if you're ever The optimist looking through Rose colored glasses is he has a war chest of cash available to him to do something with of course it's been 3 years since the first major surge and he's not divested imagine if he bought Bitcoin with all of the cash holdings like microstrategy and the Bitcoin became its primary asset like micro strategy mstr. or diversified and acquired a company outside of selling used video games but he didn't do anything in 3 years so what is the probability he's going to do something now with this cash.?????
    if at some point he were to make an announcement the stock will have another search he being Ryan Cohen depending upon what it is it will have a push..

  • 104983812 : so Mon can buy will it shoot back up?

  • 10baggerbamm OP 104983812 : I really don't understand your post you're asking me if Monday it's going to skyrocket the stock if it's going to shoot back up I have no idea if I mean honestly I have no idea I mean this is moving on purely emotion and purely momentum of cash flow in and out. I think in my opinion roaring Kitty did it an extreme disservice to his followers he acted like a fucking drunk drug addict loser I mean maybe that's his impression maybe that's how he always has been but in my opinion if I was an employer looking to hire somebody he wouldn't even make it the first round of interviews. again in my opinion I think the individuals that are hedge funds that are shorting the stock are going to have the last laugh at this point because they have stock available to cover their short position from the two offerings from gamestop that's number one number two they look at this guy as like the b team he has nothing on the hedge funds at this point he's lost all credibility. and so everybody knows I think what roaring Kitty has done the little man making a ton of money is awesome and me like everybody else I wish 3 years ago I had the balls to step up and buy it I did buy it this time I made it a little over 150,000 the first push but all said and done he doesn't really impress me . and to sum it up I think he did a huge disservice by acting the way he did by clearly being under the influence and the end result is a stock tanked

  • shamwow 10baggerbamm OP : his stream wasn't for you.

  • 10baggerbamm OP shamwow : his stream was to try to cover his ass it was for no other reason he's all lawyered up he's probably been served papers.

  • shamwow 10baggerbamm OP : if that's how I felt I would probably be bearish

  • DingoTrader : somebody give this guy some milk. lol

  • 10baggerbamm OP DingoTrader : my milk

35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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