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They don't think they'll become billionaires because GameStop is a great company. They think they will become billionaires because they expect failures to deli

They don't think they'll become billionaires because GameStop is a great company. They think they will become billionaires because they expect failures to deliver on naked shorts of shares they've directly registered

rschneid 3y ago
Thanks for this crucial point of both clarification and further confusion. The 'true believers' in this stock's idiosyncratic risk are expecting a short squeeze due to a confluence of relatively unknown market mechanisms such as FTD, CNS, reg SHO, and the formation of a short-busting coalition between Carl Icahn via BBBYQ and others... It's a rabbit hole, for sure. But the fact is that the DTCC, FINRA, and other SROs controlling the markets are inscrutable black boxes that don't provide enough data for anyone to know the extent of the fraud they may or may not be perpetuating by systematically creating 'synthetic' shares in the publicly companies regardless of the officially authorized outstanding shares according to the companies' charters. Look at the ongoing BBBY CH11 bankruptcy proceedings for an example of how difficult it is to get an idea of 'TSO' or (Total Shares Outstanding) for a public company. The claim is that more shares have been created within the DTCC than the company has authorized, and the right corporate maneuvering could force these 'extra' shares to close or cover which would drive demand exceptionally high. Disclaimer: I own GME because the number of FTDs is in the high millions some days, and the notional values in the 10s of millions. Something is (still, 2 years later) up with this security in particular, and even if I don't become a billionaire from this investment I hope to shine some light on a corrupt corner of the market that has become 'business as usual' while I strongly disagree that it should be tolerated at all. (FTDs and Synthetic Shares)
- rschneid 3y ago
  Since I've gotten an upvote or two, anyone interested in learning more may find this video a good place to start understanding 1) How the market 'truly' operates and 2) how this operation is being abused https://youtu.be/nLnw2_q5iMk https://youtu.be/nLnw2_q5iMk
- foobiekr 3y ago
  I highly recommend that people go check out the bbby subreddit. It is readily apparent why there are investors who think this way, starting with a conspiracy theory about secret messages in a children’s book.
bbor 3y ago
I definitely believe some people think like that about their GameStop investment, but I am confident that the majority (/vocal minority) of /r/superstonk members honestly believe that GameStop is a good company that’s turning around, and that part of being invested is believing in the company. A sibling comment of yours summarized it best - I just understand their vision as an amalgamation of growing the online store considerably, replacing Steam, selling NFTs that in some way relate to in game functionality, and making GameStop stores “community centers” or smtn. All of this is backed up by mantras like “debt-free”, “based Ryan Cohen”, “warehouses full of product”, “corporate vision” etc etc etc. I really despise finance so I have very little to criticize you on there, and wish you the best, but from your reasonable tone I’m assuming you’re doing this as a considered risk, not going all-in with 100% confidence that a short squeeze is coming any day now. I oscillate between enjoying that whole part of the internet because it’s fun and interesting, and thinking of all the children who have their college savings tied up in the stock of a clearly dead-in-the-water legacy retailer :(

rschneid 3y ago

Thanks for this crucial point of both clarification and further confusion. The 'true believers' in this stock's idiosyncratic risk are expecting a short squeeze due to a confluence of relatively unknown market mechanisms such as FTD, CNS, reg SHO, and the formation of a short-busting coalition between Carl Icahn via BBBYQ and others... It's a rabbit hole, for sure. But the fact is that the DTCC, FINRA, and other SROs controlling the markets are inscrutable black boxes that don't provide enough data for anyone to know the extent of the fraud they may or may not be perpetuating by systematically creating 'synthetic' shares in the publicly companies regardless of the officially authorized outstanding shares according to the companies' charters. Look at the ongoing BBBY CH11 bankruptcy proceedings for an example of how difficult it is to get an idea of 'TSO' or (Total Shares Outstanding) for a public company. The claim is that more shares have been created within the DTCC than the company has authorized, and the right corporate maneuvering could force these 'extra' shares to close or cover which would drive demand exceptionally high. Disclaimer: I own GME because the number of FTDs is in the high millions some days, and the notional values in the 10s of millions. Something is (still, 2 years later) up with this security in particular, and even if I don't become a billionaire from this investment I hope to shine some light on a corrupt corner of the market that has become 'business as usual' while I strongly disagree that it should be tolerated at all. (FTDs and Synthetic Shares)

rschneid 3y ago
Since I've gotten an upvote or two, anyone interested in learning more may find this video a good place to start understanding 1) How the market 'truly' operates and 2) how this operation is being abused https://youtu.be/nLnw2_q5iMk https://youtu.be/nLnw2_q5iMk
foobiekr 3y ago
I highly recommend that people go check out the bbby subreddit. It is readily apparent why there are investors who think this way, starting with a conspiracy theory about secret messages in a children’s book.

bbor 3y ago

I definitely believe some people think like that about their GameStop investment, but I am confident that the majority (/vocal minority) of /r/superstonk members honestly believe that GameStop is a good company that’s turning around, and that part of being invested is believing in the company. A sibling comment of yours summarized it best - I just understand their vision as an amalgamation of growing the online store considerably, replacing Steam, selling NFTs that in some way relate to in game functionality, and making GameStop stores “community centers” or smtn. All of this is backed up by mantras like “debt-free”, “based Ryan Cohen”, “warehouses full of product”, “corporate vision” etc etc etc. I really despise finance so I have very little to criticize you on there, and wish you the best, but from your reasonable tone I’m assuming you’re doing this as a considered risk, not going all-in with 100% confidence that a short squeeze is coming any day now. I oscillate between enjoying that whole part of the internet because it’s fun and interesting, and thinking of all the children who have their college savings tied up in the stock of a clearly dead-in-the-water legacy retailer :(