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While this is totally true, let's not forget Gamestop themselves announced that a bit more than 5.2M shares were registered with Computer share at the time of t
by magic123_ 5y ago
While this is totally true, let's not forget Gamestop themselves announced that a bit more than 5.2M shares were registered with Computer share at the time of their last earnings report, with the bot estimating something like 7 or 8M based on average shares per post * estimated holder, so not that far off
- AutumnCurtain 5y agoThat is hugely off, even if you assume 100% of the registered shares came from reddit, which would be a very silly assumption to make.
- magic123_ 5y agoI see your point. My personal opinion is that sure the bot can't be trusted, but that when GME will give the updated numbers of registered shares, there will at least be 2 official data points on this subject... Depending on how high it is (only a minority of outside-of-the-US holders had been able to DRS as of October 30th, not the case anymore), we'll either get an estimation on when a full lock-up of the float would happen, or a new cycle of trying to find the next catalyst ¯\_(ツ)_/¯