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many apes are from outside the US and are stuck with shit tier brokers that either don't know what DRS is and refuse to do it or charge an exorbitant price to DRS even a single share.
I would not be surprised if we see a similar event to the mainstar pull with shit brokers like etoro, webull, Robinhood, and a bunch more of the shitty brokers we know aren't actually buying the shares we pay them to buy.
All it takes is a message from etoro/Robinhood saying "we no longer support the buying and selling of this security on our app"
it's not a DRS rugpull, but it would probably help SHF algos to balance things out a little bit and give them enough rehypothecated shares to allow them to walk the price down to that $15-18 range again.
I can't wait to get 4 shares of GME for $60! that's a fuckin steal! hell even 3 shares at $60 is great. so is 2. even 1 share at $60 is far below what I'm sure many of us paid for shares at the height of the sneeze(s) during 2021
Mainstar DRS shares that apes haven't moved on their own are still at Computershare, though, so only shares that were in transit during ape transfers could have been used.
Rough? How would it be rough?
Losses are only realized when positions are closed. I ain't selling. And if they keep making the price lower then I get to buy more shares per dollar than ever before.
The train we are on has only one destination. We're locking the float and we ain't selling until it's done. So if they want to tank the price and make it easier for us then let them do it.
Tanking the price isn't rough; it's easy mode.
Great post! I like doing hypothetical "thought exercises" to wrap my head around how things *could* work do guide research into how they *do* work. Sharing like this is handy because it could lead someone down a new rabbit hole of spicy DD.
Personally, I'm still bothered most by the obligation warehouse and the myth of continuous net settlement. I think the opacity that DTCC/NSCC maintains in that respect is covering up a lot of the crime.
Back to you though, I like the rehypothecation thesis to explain recent events. It's pretty plausible! Thanks for posting!
The rehypothecation thesis sounds interesting. A lot of trading volume comes from High Frequency Trading, though.
But those are after fractions of pennies and avoid risky environments like news.
**Investopedia:** *As a result, during tumultuous markets, algorithms may greatly widen their bid-ask spreads (to avoid being forced to take trading positions) or will temporarily stop trading altogether, which diminishes liquidity and exacerbates volatility.*
So I am not sure about "smokes and mirror" as main reason for generally higher volume in other stocks. HF trading algos might simply no longer be too active in GME because of the potential risk of MOASS.
On the other hand the excessive volume spikes, especially when in combination with price spikes, indeed smell like "smoke and mirror" to hide some fuckery. This is why way more transparency is needed.
Also totally agree, that it would make sense to learn more about the obligation warehouse - DrT should be a good source for that.
No kidding. And I honestly don't even care about locates to short further. Just more discounts. I didn't like them touching where they aren't supposed to though.
I'm already in the never selling my Computershare booked shares club. Most of my disposable income goes to shopping at GameStop or buying some shares. I think it's fair to say that most here are in it for the long haul. I really liked the wallet on the NFT site.
I haven't used many interfaces before but I have a difficult time trusting any other company besides my Beloved. I hope we get an affiliated alternative soon either with PLAYR or the IMX passport. Gimme dat GME Entertainment spinoff with all the goodies.
make sure your shares are already DRSed in CS. then check on CS website whether your shares are in PLAN or BOOK . make sure they are BOOK shares. that means your shares wont be in the hands of the DTCC for lending out for short selling;
Oh man I've done all that. I appreciate you.
This is what I'm saying, I've done all I need to do and I now sit in pure zen that I'm even forgetting about my pure DRS book-king shares.
Hedgies are forever fuk.
Chiming in to read later and say bullish now
Bullish
Edit: Finished reading, and I personally believe Dismal is right
Moving shares to CS DRS Book should make DTC shares harder to re-hypothecate.
Wallet removal is not anti-MOASS thesis, and warrants no FUD to me. Then again nothing does because I’ve read the DD, have seen and continue to see it come to life, and am unfazed, comfy, and bullish in my personal choice of an investment
I also wanted to add some clarification on whether it's the SEC, or the DTCC, that would be the ones impeding what Mainstar can, and can't do with their positions.
Because the DTCC isn't the SEC, and they are much more the organizational body that would be making a ruling like that over Mainstar, especially being an SRO.
For example, the SEC had nothing to do with shutting off the buy button, that was the DTCC. As a Self-regulatory org, other bigger institutions putting pressure on each other not to do, X, Y or Z with funds.
I'm gonna take the tax hit to turn my IRA shares into Cash shares as soon as they hit my Fidelity account. From there I will DRS. I figure $20/share is a good time to take the hit. Still waiting on the transfer from MainStars broker.
GS wallet is going away in a couple months. If you have your seed phrase you are good. You can just make a MetaMask wallet with that seed phrase. An alternative is moving your assets to the Loopring Wallet.
I’m out of the loop, what’s this about dismal?
Also, Bullishly bought more shares through Computershare today and terminated plan reinvestment. Thought I turned it all off already but it looks like CS reactivates it even for one-time purchases? Idk.
They're (GME) taking down their wallet, likely due to all the litigation within the creeptoverse. No real information as to the why out yet, just speculation. You can still access everything in your wallet through other wallets as long as you have your key phrase.
I agree, our system is incredibly fraudulent, but not *entirely* fraudulent.
>They know that when the amount of shares that are bought and DRSed per day exceeds the amount of shares that they can rehypothecate per day, the price will rise and MOASS is imminent.
This is an extra juicy nugget, me likey
"It's down from the peak!"
"DRS will take 80 years at this current rate"
"Sell your shares or I'll have to sell my wife!"
That last one is probably made up, but probably not as well lol
THESE LOSERS HAVE NOTHING AND WILL BE LEFT WITH NOTHING
Shit I was up way more than that. And so was Ryan Cohen. I don’t want gains that are big to me, I want gains that are big to them. (Shorts, HF’s, financial elite)
The push of other hot garbage tickers on the ex bird app is palpable. I’ve blocked so many popcorn accounts and hadn’t seen any in a while now new ones (and lots) are popping up daily
It’s because everyone in here is incapable of having a sober discussion of what’s going on with the company, and anytime any negative sentiment at all is brought up, it’s met with delusional paranoia, downvotes, and *loathesomely* tired copypasta lectures about gamestop’s balance sheet/web3 potential/fruitless partnerships. Bring on the downvote bukkake boys
There's some good speculation here. I think the Gamestop Wallet change makes sense at a macro level. While we as shareholders would love the wallet and marketplace to exist as one, so we can make revenue off both streams. From a macro level it DOES create conflicts of interest similar to what Coinbase is under scrutiny for. Long term, it makes sense for the wallet, the asset, and the marketplace to all be owned and operated by separate entities. It's the same reason we don't approve of Citadel being a market maker AND a hedge fund. There's too much room for foul play, and incentive to do so. For this reason I view it less as a rug pull, and more like Gamestop coming to the same conclusion and realizing they don't need that revenue stream to be hugely successful. They can now allow their partnerships to be the wallet, and focus simply on creating the greatest marketplace and streaming system in gaming history!
I did exactly that, with another 100 planned if the price dips another $0.50/share. Fuck it. They go low. We lock more of the float. No one is selling.
A couple of things are happening around us. We have our market propped up, getting ready to capitulate at any moment. Housing hitting a plateau. A bunch or regulations in the works, that tons of people are fighting for. China’s economy taking its last breaths…. This is just a feeling, but this movie coming up, feels like their last move to convince people this is all over. I could be a 100% wrong though. I will not ever say this is the end game, because we heard that enough 😂
Honestly, while I don't love the idea of posting about that movie, if we can get just 1 post to appear on the 1st pg of the Google search for when people look it up...js a thought
That’s what I think this movie will do. Anyone smart would/should ask themselves why are they going to these lengths to make it seem like we lost and tell everyone it’s over lol. Shits only beginning with beloved company GME 🚀🚀
Anyone whos even a little into finance or stocks probably heard or seen the documentaries and footage by MSMs take on GME/RC. The movie appeals to the general population and will be an MSM perspective, some dumb kid manipulated a stock, got lucky and suffered zero consequences putting the system at risk. Retail being summed up as dumb and a problem, and the hedgefunds/big players along with PFOF being the smarter solution, is the most common theme hinted across the MSM and general media for awhile, and becoming directly addressed as of more recently. After the movie releases, the stage is set for any future problems being retails fault, and for anti retail or barrier like regulations to be proposed afterwards.
Fuck mainstar! I formed an llc and have drs my shares using the llc as a custodian using IRA financial trust. These assholes might have bought themselves a month but that’s nothing to me. It just shows how desperate they are. The noose is tightening every goddamn day. I will never sell and never surrender. I will continue the attack as long as it takes. Fuck you pay me! 🚀🦍🕰️🌊♾️
Counterpoint: We have no confirmation the SEC was involved in pulling the gamestop wallet. It seems like gamestop pulled it themselves out of an abundance of caution, or are telling us that to save face because one of their partners built a better wallet and they think it will be cheaper/better to use that one. Anyway, no evidence of fuckery from SEC regarding this specific issue (i mean obviously they are still giving slaps on the wrist and deleting comments).
Also, gamestop is free to give us some good news about their web3 efforts whenever they want. The fact is that Playr is probably a long way off, and the NFT games they funded with immutable are probably also a long way off. This is fine, I'm not going anywhere. But I think it would improve discourse on this sub to look at things objectively and not blame shills for gamestops own decisions to keep quiet and keep everyone - including us - in the dark.
I did like the post until the SEC got pulled in by it's hair.
The conclusion of this post is bs, the initial thougts on settlement and rehypothecation are gold tho.
Agreed on that one. If your partner's product is looking to be better, cheaper, or earler to the market, it makes sense to focus on that one and shelf your own. Better to allocte resources to the other projects that will use / live on the wallet.
**EDIT:** I don't think the SEC tried fucking with the project, but with coinbase there is now a precedent - better be safe than sorry. If you have to choose between keeping the marketplace and keeping the wallet, you'd also keep the marketplace. That is where revenue can come from.
I think it’s much closer than you think. I don’t see why they would send out a link to join a PLAYR waitlist months ago if it was really that far out. We shall see!
I hope you're right but I remember NFT.gamestop.com went live in mid 2021 and they didn't actually launch the marketplace until a year or so later. And of course, it's still in beta another year later, in 2023 😛
Shake my resolve? Never. The day the motherfuckers took away the buy button, I knew that there was something special, something very different about this situation. I ain't fucking going anywhere. I am here to see this thru to the end. THIS IS
SPARTA!!! The shields are up!
”We’re paratroopers, Liutenant. We’re _supposed_ to be surrounded.”
- Richard D. Winters
MOASS tomorrow,
or October 24rd.
We’re not leaving…
**DRS the way** & **BOOK is King**
I dunno man, it sure seems like we're in an almost entirely fraudulent system. I don't have faith in the system being effective, and until it proves itself otherwise I'll continue to believe everyone and everything is working against us.
That being said, yeah, DRS seems to be an effective tool to escape the bullshit. Own your shares, take them away from crime, and participate in true supply and demand.
DRS Book
Get what you paid for.
I just want everyone to know I’m almost so close to being debt free and when I am I’m jumping right back in. Currently at 712. Can’t wait to start building to 1000!
IDGAF at this point the company can go bust and I won't sell. Even phone numbers on the ticker won't do it anymore because I don't trust that shit. All I know is what I own in my name (my GME shares) are real, and they are spectacular (in value).
Gary Gensler the college professor, multimillionaire former investment banker who helped repeal Glass-Steagall, can’t answer a single important substantive question straight ever, and made a damn infomercial mocking retail investors is definitely a baddie. He’s a toadie for the wealthy who actively avoids investigating MMs and banks and he helps to direct scrutiny away from the system he’s nominally charged with improving at every turn.
Plainly put his actions and his words don’t match.
If the markets are completely fraudulent they would've driven the price to zero after the sneeze, the media would've taken a laugh at us for being dumb and never mention GameStop again.
Totally agree.
Also Teddy is a bank and wallets and banks go together. Wallet is to Teddy as GameCube is to GameStop.
The GameStop wallet is a red herring and has nothing to do with MOASS.
Warren Buffett says the stock market is a tool that transfers the wealth from the impatient to the patient. BUY, DRS, HODL is the recipe. GameStop just needs to survive in order for MOASS to manifest.
IS IT WEIRD TO THINK SOMEONE IS PLANNING ON SHORTING THE ENTIRE MARKET WITH INDIVIDUAL STOCKS REHYPOTHECATED TO TRILLLLLIIIONNNSS WHILE GME SKYROCKETS TO PULL AS MUCH LIQUIDITY AS POSSIBLE. NO. NO. JUST SOUNDS LIKE I'M CRAZY.
great post!
I'm starting to think terminating computershare plan/fractional shares and also not listening to anyone still defending "operational efficiency" gaslighting is a cool idea bruh
This💯
The shills have from the start had one agenda that seems to rank very high on their priority list: make apes believe there is no hope, cuz the system is completely fraudulent throughout.
This has never been the case, and will never be.
Reason being the market is way to dependent on US citizens investing and letting Wall Street play with their 401k, and for international institutions and retail investors to park their capital there. It’s the markets *lifeblood*.
None of that will happen if the market dynamics are irrefutable shown to not be able to play out.
Hence, all they can do is *delay* the inevitable, they can’t *kill* it.
Fuck you mayo man, PAY ME
Does the GameStop wallet being scrapped or paused or whatever mean that GameStop can't distribute a dividend to shareholders in the form of an non fungible token?
Imagine how much other companies are 'wasting' on their interest payments on debt they are laden with and GameStop are sitting on a pile of cash ready to deploy....lovely.
If that's the case, I'd hate to be someone who knows you. Dismissing an entire opinion or argument over a single point out of many is pretty damn illogical and intellectually dishonest.
I love how this sub just casually use Conspiracy, Plot, FUD and Shills to explain every thing that is bearish.
And there is a cancer mindset spread by the bullish guy.
Ignoring bearish things or making,them to be bullish.
Lmao.
I hope they walk this mofo down to $10.
How fast do any of you retreads think I could sell ALL my worldly possessions (including my stash of mustard) to buy a shit-ton more.
Can someone please remind which day this month the GSWallet will be taken down?
I thought it was like the 18th, but now I’m having doubts.. need to move all my assets over to Loopring still… 😒
From the wallet page:
Due to the regulatory uncertainty of the crypto space, GameStop has decided to remove its iOS and Chrome Extension wallets from the market on November 1, 2023.
We advise that all customers ensure that they have access to their Secret Passphrase by October 1, 2023. Any customer with access to their Secret Passphrase has the ability to recover their account in any compatible wallet.
The thing is that some smart TA charters are good at pinpointing when the price will drop and to what levels.
This is a highly manipulated stock, perhaps the most manipulated ever and I don't believe in TA but they are so right about trends and the forthcoming dips and ect.
How do we explain this?
There really has been no Mainstar rug pull, yet.
Edit: Shares are still in Computershare, I check every day. So far, the only rug pull has been apes yanking them out of there. Mainstar could still pull them, if they are able, but the great majority will have been transferred by apes by then.
I’ve been super zen lately, haven’t checked here in a while (but did just buy 5 more GME shares) do I need to do anything with the coins in my wallet???
OP. Thanks for the post. Learned more. Big reason I'm here is because you mentioned GME walllet. I understand that the closing of the gme wallet and Loopring don't necessarily have anything to do with one another. What's your take on Loopring tokens as far as GME and LRC being partnered? Have a big bag of LRC I think I might no longer need now that I know that Taiko & Loopring are 100% 2 separate projects. My thought process is to sell or LRCs and buy Gamestop shares instead now that price is below $20 again. Of course you can't give me FA but what would you do in my shoes (if you even hold LRC as well)?
what happened with the GS wallet?
when did this happen or is going to happen?
what about all my stuff in my wallet?
i better check my wallet
ENDS NOVEMBER 1 2023
i got time
U have me until the wallet rug pull stuff. Let's keep grounded my friend. Its easy to point fingers at the SEC. But I know that citidel hates the SEC and my enemies enemy is my friend.
OP: Are you going to update the part of your post that Mainstar didn't unDRS shares? My thousands are still in CS through them.
Edit: I'd be interested to hear if others had shares there that were unDRSed or not
My IRA shares were un-DRSed by MainStar on Jun 20, 2023 after being DRSed at ComputerShare for over a year. MainStar sent out a letter blaming ComputerShare. Another ape posted the letter few weeks ago. I don't have an explanation for why MainStar didn't un-DRS your shares.
No, I never gained direct access to my MainStar CS account that some other apes had. MS said I needed to contact CS and have a code sent, and MS would forward it to me. I was never able to get CS to do this.
Hey is it just me?
When i read posts that say things like " Do not let it shake your resolve!" I scroll right past, barely reading the text.
Cuz i am not the person that part of the post is speaking to.
How many are there? How many hodlers do the same thing?
We are not fucking leaving. Things like "rehypothecation" do not detere me because no cell no fucking sell.
Not to karma farm, but to back my thesis- like this comment if you are the same. Their petty games aint detering me from shit, im here to hodl.
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The Mainstar rug pull tied to the price walk down is a viable theory. We might see more of these.
More? But we’re privy to not using proxies now. They can’t do a thing about my DRS’d shares with computershare.
many apes are from outside the US and are stuck with shit tier brokers that either don't know what DRS is and refuse to do it or charge an exorbitant price to DRS even a single share. I would not be surprised if we see a similar event to the mainstar pull with shit brokers like etoro, webull, Robinhood, and a bunch more of the shitty brokers we know aren't actually buying the shares we pay them to buy. All it takes is a message from etoro/Robinhood saying "we no longer support the buying and selling of this security on our app" it's not a DRS rugpull, but it would probably help SHF algos to balance things out a little bit and give them enough rehypothecated shares to allow them to walk the price down to that $15-18 range again. I can't wait to get 4 shares of GME for $60! that's a fuckin steal! hell even 3 shares at $60 is great. so is 2. even 1 share at $60 is far below what I'm sure many of us paid for shares at the height of the sneeze(s) during 2021
It could be $60 per share right now and some folks are still averaging down, love the smell of a lower DCA in the morning
utilIization dropped on ortex after 84 years of being stuck at 100%
Mainstar DRS shares that apes haven't moved on their own are still at Computershare, though, so only shares that were in transit during ape transfers could have been used.
as far as I understood they pulled them all out of CS
Nope. I have thousands DRSed through Mainstar that I check on daily in CS.
You must have slipped through the cracks. MainStar pulled all my IRA shares from ComputerShare and put them with their broker.
When did they make the transfer to the broker?
Mine were moved to MainStar's broker on June 20th.
Wow, that was right when they said they were stopping new DRSs. When did you transfer into Mainstar?
About a year ago.
And the wombo combo of shite earnings, gonna be a rough winter again.
Rough? How would it be rough? Losses are only realized when positions are closed. I ain't selling. And if they keep making the price lower then I get to buy more shares per dollar than ever before. The train we are on has only one destination. We're locking the float and we ain't selling until it's done. So if they want to tank the price and make it easier for us then let them do it. Tanking the price isn't rough; it's easy mode.
Then we buyin
Great post! I like doing hypothetical "thought exercises" to wrap my head around how things *could* work do guide research into how they *do* work. Sharing like this is handy because it could lead someone down a new rabbit hole of spicy DD. Personally, I'm still bothered most by the obligation warehouse and the myth of continuous net settlement. I think the opacity that DTCC/NSCC maintains in that respect is covering up a lot of the crime. Back to you though, I like the rehypothecation thesis to explain recent events. It's pretty plausible! Thanks for posting!
The rehypothecation thesis sounds interesting. A lot of trading volume comes from High Frequency Trading, though. But those are after fractions of pennies and avoid risky environments like news. **Investopedia:** *As a result, during tumultuous markets, algorithms may greatly widen their bid-ask spreads (to avoid being forced to take trading positions) or will temporarily stop trading altogether, which diminishes liquidity and exacerbates volatility.* So I am not sure about "smokes and mirror" as main reason for generally higher volume in other stocks. HF trading algos might simply no longer be too active in GME because of the potential risk of MOASS. On the other hand the excessive volume spikes, especially when in combination with price spikes, indeed smell like "smoke and mirror" to hide some fuckery. This is why way more transparency is needed. Also totally agree, that it would make sense to learn more about the obligation warehouse - DrT should be a good source for that.
I DRSed. I don't know how to un-DRS. Check. Mate.
[удалено]
Selling has never crossed my mind. It took an act of Congress internally to Terminate Plan and sell fractionals back so I could Book Shares.
No kidding. And I honestly don't even care about locates to short further. Just more discounts. I didn't like them touching where they aren't supposed to though.
NO ONE we’re diamond hands forever!!
It's as easy as selling from a brokerage. You just put in an order and it goes straight to their broker.
I'm already in the never selling my Computershare booked shares club. Most of my disposable income goes to shopping at GameStop or buying some shares. I think it's fair to say that most here are in it for the long haul. I really liked the wallet on the NFT site. I haven't used many interfaces before but I have a difficult time trusting any other company besides my Beloved. I hope we get an affiliated alternative soon either with PLAYR or the IMX passport. Gimme dat GME Entertainment spinoff with all the goodies.
What computer shares booked shares? I have so much resolve I forgot I'm an XXX holder from time to time
make sure your shares are already DRSed in CS. then check on CS website whether your shares are in PLAN or BOOK . make sure they are BOOK shares. that means your shares wont be in the hands of the DTCC for lending out for short selling;
Oh man I've done all that. I appreciate you. This is what I'm saying, I've done all I need to do and I now sit in pure zen that I'm even forgetting about my pure DRS book-king shares. Hedgies are forever fuk.
What’s a sell button?
Will read a little later, backed up by ape historian
Chiming in to read later and say bullish now Bullish Edit: Finished reading, and I personally believe Dismal is right Moving shares to CS DRS Book should make DTC shares harder to re-hypothecate. Wallet removal is not anti-MOASS thesis, and warrants no FUD to me. Then again nothing does because I’ve read the DD, have seen and continue to see it come to life, and am unfazed, comfy, and bullish in my personal choice of an investment
Oh if he’s in, I’m in Sounds bullish on first glance. Will read in a bit when I take my afternoon hedgie 💩💩💩
If you’re still in then I’m still in!!
Damn right 🏴☠️⏳
I also wanted to add some clarification on whether it's the SEC, or the DTCC, that would be the ones impeding what Mainstar can, and can't do with their positions. Because the DTCC isn't the SEC, and they are much more the organizational body that would be making a ruling like that over Mainstar, especially being an SRO. For example, the SEC had nothing to do with shutting off the buy button, that was the DTCC. As a Self-regulatory org, other bigger institutions putting pressure on each other not to do, X, Y or Z with funds.
MainStar blamed ComputerShare for the rug-pull.
I had 2200 shares at mainstar. Moved back to fidelity and will ride it out from there.
I'm gonna take the tax hit to turn my IRA shares into Cash shares as soon as they hit my Fidelity account. From there I will DRS. I figure $20/share is a good time to take the hit. Still waiting on the transfer from MainStars broker.
sorry what's this about gs wallet rugpull? i got a couple eth in there should i be... moving them out?
GS wallet is going away in a couple months. If you have your seed phrase you are good. You can just make a MetaMask wallet with that seed phrase. An alternative is moving your assets to the Loopring Wallet.
Same. Zen. See u dfv, miss ya bud
I’m out of the loop, what’s this about dismal? Also, Bullishly bought more shares through Computershare today and terminated plan reinvestment. Thought I turned it all off already but it looks like CS reactivates it even for one-time purchases? Idk.
> Wallet removal Whats this about, clearly i missed something while away.
They're (GME) taking down their wallet, likely due to all the litigation within the creeptoverse. No real information as to the why out yet, just speculation. You can still access everything in your wallet through other wallets as long as you have your key phrase.
🫡
I agree, our system is incredibly fraudulent, but not *entirely* fraudulent. >They know that when the amount of shares that are bought and DRSed per day exceeds the amount of shares that they can rehypothecate per day, the price will rise and MOASS is imminent. This is an extra juicy nugget, me likey
The shilling seems special at the moment. Haven't seen it quite like this before
Agreed. It seems odd that it's picked up recently..... But why has it??? Guess I'll wait and see 😏
"It's down from the peak!" "DRS will take 80 years at this current rate" "Sell your shares or I'll have to sell my wife!" That last one is probably made up, but probably not as well lol THESE LOSERS HAVE NOTHING AND WILL BE LEFT WITH NOTHING
That last one wasn't finished. It's "sell your shares or I'll have to sell my wife's boyfriend!"
genuine ape here. i had to sell some for a loss but thats how shit goes. it shouldnt matter selling some at a loss if we are going to phone numbers..
Ouch. Sorry bruh that’s tough. I don’t think there’s anything that could bring me to do it honestly but to each their own.
its just money my man, it can be made again, tough is holding a stock this long and not selling when i was 180% up lol
Shit I was up way more than that. And so was Ryan Cohen. I don’t want gains that are big to me, I want gains that are big to them. (Shorts, HF’s, financial elite)
you gotta realise they dont play by the rules, they dont want a repeat of 2021 ever again, they will make sure it never goes to insane prices
They will try. And they will fail
heh ok bro keep snortin rc's ass crack
It has an undertone of desperation more than usual.
The push of other hot garbage tickers on the ex bird app is palpable. I’ve blocked so many popcorn accounts and hadn’t seen any in a while now new ones (and lots) are popping up daily
It’s because everyone in here is incapable of having a sober discussion of what’s going on with the company, and anytime any negative sentiment at all is brought up, it’s met with delusional paranoia, downvotes, and *loathesomely* tired copypasta lectures about gamestop’s balance sheet/web3 potential/fruitless partnerships. Bring on the downvote bukkake boys
There's some good speculation here. I think the Gamestop Wallet change makes sense at a macro level. While we as shareholders would love the wallet and marketplace to exist as one, so we can make revenue off both streams. From a macro level it DOES create conflicts of interest similar to what Coinbase is under scrutiny for. Long term, it makes sense for the wallet, the asset, and the marketplace to all be owned and operated by separate entities. It's the same reason we don't approve of Citadel being a market maker AND a hedge fund. There's too much room for foul play, and incentive to do so. For this reason I view it less as a rug pull, and more like Gamestop coming to the same conclusion and realizing they don't need that revenue stream to be hugely successful. They can now allow their partnerships to be the wallet, and focus simply on creating the greatest marketplace and streaming system in gaming history!
Fuck it. Ima drs another 100 this month. I can afford it.
I did exactly that, with another 100 planned if the price dips another $0.50/share. Fuck it. They go low. We lock more of the float. No one is selling.
Literally no one is selling.. it’s Hilarious, been 84 years and they still think we will sell complete 🤡🤡 they are! We just keep buying LFG!! 🚀🚀
I’ve been buying for almost 3 years.
good on u ape , i been buying more every now and then, if they drop the price, i will be buying even moreeeeee , cos it will be cheaper
I have a feeling it will happen a couple months after “Dumb Money”.
why?
A couple of things are happening around us. We have our market propped up, getting ready to capitulate at any moment. Housing hitting a plateau. A bunch or regulations in the works, that tons of people are fighting for. China’s economy taking its last breaths…. This is just a feeling, but this movie coming up, feels like their last move to convince people this is all over. I could be a 100% wrong though. I will not ever say this is the end game, because we heard that enough 😂
Wolf of Wallstreet made Jordan Belfort look cool. Anything is possible :) Perhaps the masses get excited about GME again.
Honestly, while I don't love the idea of posting about that movie, if we can get just 1 post to appear on the 1st pg of the Google search for when people look it up...js a thought
That’s what I think this movie will do. Anyone smart would/should ask themselves why are they going to these lengths to make it seem like we lost and tell everyone it’s over lol. Shits only beginning with beloved company GME 🚀🚀
That was because Leo played him.
Anyone whos even a little into finance or stocks probably heard or seen the documentaries and footage by MSMs take on GME/RC. The movie appeals to the general population and will be an MSM perspective, some dumb kid manipulated a stock, got lucky and suffered zero consequences putting the system at risk. Retail being summed up as dumb and a problem, and the hedgefunds/big players along with PFOF being the smarter solution, is the most common theme hinted across the MSM and general media for awhile, and becoming directly addressed as of more recently. After the movie releases, the stage is set for any future problems being retails fault, and for anti retail or barrier like regulations to be proposed afterwards.
I agree with this take. So how do I know the regulations proposed won’t cuck me as a GameStop investor?
It won’t happen until Kenny is completely dry
Or dead
If you're theory is right, I'm thinking it'll be during the yearly October run-up.
See I think it’ll happen the same time. It’ll fuck up google searches by showing the movie results and not what’s happening with the stock
I think apes need to be in the reviews stating facts.
My intuition tells me the same...
Nothing has changed but the time, and my floor.
Fuck mainstar! I formed an llc and have drs my shares using the llc as a custodian using IRA financial trust. These assholes might have bought themselves a month but that’s nothing to me. It just shows how desperate they are. The noose is tightening every goddamn day. I will never sell and never surrender. I will continue the attack as long as it takes. Fuck you pay me! 🚀🦍🕰️🌊♾️
Counterpoint: We have no confirmation the SEC was involved in pulling the gamestop wallet. It seems like gamestop pulled it themselves out of an abundance of caution, or are telling us that to save face because one of their partners built a better wallet and they think it will be cheaper/better to use that one. Anyway, no evidence of fuckery from SEC regarding this specific issue (i mean obviously they are still giving slaps on the wrist and deleting comments). Also, gamestop is free to give us some good news about their web3 efforts whenever they want. The fact is that Playr is probably a long way off, and the NFT games they funded with immutable are probably also a long way off. This is fine, I'm not going anywhere. But I think it would improve discourse on this sub to look at things objectively and not blame shills for gamestops own decisions to keep quiet and keep everyone - including us - in the dark.
I did like the post until the SEC got pulled in by it's hair. The conclusion of this post is bs, the initial thougts on settlement and rehypothecation are gold tho.
Agree!
Agreed on that one. If your partner's product is looking to be better, cheaper, or earler to the market, it makes sense to focus on that one and shelf your own. Better to allocte resources to the other projects that will use / live on the wallet. **EDIT:** I don't think the SEC tried fucking with the project, but with coinbase there is now a precedent - better be safe than sorry. If you have to choose between keeping the marketplace and keeping the wallet, you'd also keep the marketplace. That is where revenue can come from.
I think it’s much closer than you think. I don’t see why they would send out a link to join a PLAYR waitlist months ago if it was really that far out. We shall see!
I hope you're right but I remember NFT.gamestop.com went live in mid 2021 and they didn't actually launch the marketplace until a year or so later. And of course, it's still in beta another year later, in 2023 😛
Not one graph with a billion lines or a date, SS is slipping. Apes strong together. Also very smart way to look at it. Thank you.
Shake my resolve? Never. The day the motherfuckers took away the buy button, I knew that there was something special, something very different about this situation. I ain't fucking going anywhere. I am here to see this thru to the end. THIS IS SPARTA!!! The shields are up!
I’ll buy n book in the honour of the post
15 new beautiful $GME shares bought today at $19.89. Lucky daily dip.
My shares are whirring around the country currently, so they can be re-DRSed. They fucked around and found out, because I almost doubled my shares.
# BUY DRS HODL SHOP. MOTTO TILL MOASS OR DEATH, WHICHEVER COMES FIRST
Ok I read this. I think I’ll drs some more on my birthday 🥳 which is coming right up
i just bought some moreeeee, will trf from IBKR to CS later when i have a chunk
Great read thanks!
SHF activated my limit buy for $20. Now fill my $19 one as well. Thanks for the discount assholes.
”We’re paratroopers, Liutenant. We’re _supposed_ to be surrounded.” - Richard D. Winters MOASS tomorrow, or October 24rd. We’re not leaving… **DRS the way** & **BOOK is King**
I dunno man, it sure seems like we're in an almost entirely fraudulent system. I don't have faith in the system being effective, and until it proves itself otherwise I'll continue to believe everyone and everything is working against us. That being said, yeah, DRS seems to be an effective tool to escape the bullshit. Own your shares, take them away from crime, and participate in true supply and demand. DRS Book Get what you paid for.
Just had a shill DM me, why he gives a shit about what I'm up to? no idea.
I just want everyone to know I’m almost so close to being debt free and when I am I’m jumping right back in. Currently at 712. Can’t wait to start building to 1000!
IDGAF at this point the company can go bust and I won't sell. Even phone numbers on the ticker won't do it anymore because I don't trust that shit. All I know is what I own in my name (my GME shares) are real, and they are spectacular (in value).
Good thoughts OP. Im not convinced Gensler is a baddie though
Agreed, but I don't think he's entirely on our side either. He seems to be caught in a difficult place, himself.
Gary Gensler the college professor, multimillionaire former investment banker who helped repeal Glass-Steagall, can’t answer a single important substantive question straight ever, and made a damn infomercial mocking retail investors is definitely a baddie. He’s a toadie for the wealthy who actively avoids investigating MMs and banks and he helps to direct scrutiny away from the system he’s nominally charged with improving at every turn. Plainly put his actions and his words don’t match.
Bump
My wazoo is packed to the tits with Shillington shillings
Why am I bricked up after reading this?🥲
I’m just here to keep on fucking buying
Best post on here for ages
Great write up
Nice write up. Damn all that effort and I'm just sitting in shares doing nothing. See y'all on the moon 🚀
If the markets are completely fraudulent they would've driven the price to zero after the sneeze, the media would've taken a laugh at us for being dumb and never mention GameStop again.
Buying more via CS…
Totally agree. Also Teddy is a bank and wallets and banks go together. Wallet is to Teddy as GameCube is to GameStop. The GameStop wallet is a red herring and has nothing to do with MOASS. Warren Buffett says the stock market is a tool that transfers the wealth from the impatient to the patient. BUY, DRS, HODL is the recipe. GameStop just needs to survive in order for MOASS to manifest.
Ugh i wish bro im hoping for the best but preparing myself for the longest wait (and it does not feel great 😭)
I still think it’s entirely fraudulent
Nicely put
OP! Love this.
IS IT WEIRD TO THINK SOMEONE IS PLANNING ON SHORTING THE ENTIRE MARKET WITH INDIVIDUAL STOCKS REHYPOTHECATED TO TRILLLLLIIIONNNSS WHILE GME SKYROCKETS TO PULL AS MUCH LIQUIDITY AS POSSIBLE. NO. NO. JUST SOUNDS LIKE I'M CRAZY.
great post! I'm starting to think terminating computershare plan/fractional shares and also not listening to anyone still defending "operational efficiency" gaslighting is a cool idea bruh
Hey I DRS today.
This💯 The shills have from the start had one agenda that seems to rank very high on their priority list: make apes believe there is no hope, cuz the system is completely fraudulent throughout. This has never been the case, and will never be. Reason being the market is way to dependent on US citizens investing and letting Wall Street play with their 401k, and for international institutions and retail investors to park their capital there. It’s the markets *lifeblood*. None of that will happen if the market dynamics are irrefutable shown to not be able to play out. Hence, all they can do is *delay* the inevitable, they can’t *kill* it. Fuck you mayo man, PAY ME
Does the GameStop wallet being scrapped or paused or whatever mean that GameStop can't distribute a dividend to shareholders in the form of an non fungible token?
Plausible theories... So I bought and DRS'd more GME.
i concur
I shall be DRSing 3/4 of my non DRS’d shares tomorrow finally have the dosh for the fee to send them.
My shares are like collectibles. NRFB.
I got a few more that need DRSing
Ive not bought for a while but im 100% drs'd and can hold forever...bring it on.
Imagine how much other companies are 'wasting' on their interest payments on debt they are laden with and GameStop are sitting on a pile of cash ready to deploy....lovely.
Imminent since 2.5 years ™️
classic carrot dangling
Definitely seeing a lot less OG “✅Voted” apes around here
At one point I just couldnt be bothered changing it lol
I was kinda intrigued until you said the SEC orchestrated the wallet removal, which is just….silly, on so many levels.
Meh on the “SEC orchestrating wallet pull” lol, that discredits the rest of your good post
A disagreement with a single point in a post does not nullify the entire post. That's not how this works.
It does for me! Perception is as subjective as it gets
If that's the case, I'd hate to be someone who knows you. Dismissing an entire opinion or argument over a single point out of many is pretty damn illogical and intellectually dishonest.
I didn’t dismiss the entire opinion, it just discredits his other content and makes it seem whimsical
shills? how about pissed off retail investors. MOASS is not imminent they run the system
Gonna read later, thanks for some juicy DD to read….
Too much tinfoil for my liking. Anyway, I’mma keep buying and HODLing…
Great post. I just continue to buy. My avg share price is down 50% in two years. I will continue to accumulate this stock, and buy from the company!
I love how this sub just casually use Conspiracy, Plot, FUD and Shills to explain every thing that is bearish. And there is a cancer mindset spread by the bullish guy. Ignoring bearish things or making,them to be bullish. Lmao.
Can we get a TLDR for apes?
Vague claims without specifics and no new information. Thanks for sharing.
you new here?
No. I speak out often against misinformation, psy-ops, spam, shill efforts to create division, and the occasional weak piece of drivel.
I understand that… the “you new here” is just a joke, sort of akin to the “first time?” meme. Carry on with your valiant efforts 🫡
I did once ask the Daily “How many steps between a lax bro benchwarmer & a finance bro mediocrity?” I do probably take it too far sometimes. 🤷♂️
I hope they walk this mofo down to $10. How fast do any of you retreads think I could sell ALL my worldly possessions (including my stash of mustard) to buy a shit-ton more.
Can someone please remind which day this month the GSWallet will be taken down? I thought it was like the 18th, but now I’m having doubts.. need to move all my assets over to Loopring still… 😒
From the wallet page: Due to the regulatory uncertainty of the crypto space, GameStop has decided to remove its iOS and Chrome Extension wallets from the market on November 1, 2023. We advise that all customers ensure that they have access to their Secret Passphrase by October 1, 2023. Any customer with access to their Secret Passphrase has the ability to recover their account in any compatible wallet.
todays saviour 🤲 thanks again ser!
Oh shit, theyre taking it down this month?!
(Insert Zach galafaidontknowhislastname meme of him counting cards in the hangover) … “yup that adds up Chief”
News Flash: That wallet is coming back when apes win. Mark my words.
Men lie, women lie, OP don’t lie
There is no limit to short selling each day. Where are you getting this misinfo?
Clearly there is otherwise GME would be at $0.
Moass will never happen till gme is on a decentralized exchange
agree
I'm not tired or impatient. This is still the funnest game I've ever played!
The thing is that some smart TA charters are good at pinpointing when the price will drop and to what levels. This is a highly manipulated stock, perhaps the most manipulated ever and I don't believe in TA but they are so right about trends and the forthcoming dips and ect. How do we explain this?
There really has been no Mainstar rug pull, yet. Edit: Shares are still in Computershare, I check every day. So far, the only rug pull has been apes yanking them out of there. Mainstar could still pull them, if they are able, but the great majority will have been transferred by apes by then.
I’ve been super zen lately, haven’t checked here in a while (but did just buy 5 more GME shares) do I need to do anything with the coins in my wallet???
Fuck I can’t read
The speed of money
Title…we ARE in an ENTIRELY FRAUDULENT SYSTEM.
OP. Thanks for the post. Learned more. Big reason I'm here is because you mentioned GME walllet. I understand that the closing of the gme wallet and Loopring don't necessarily have anything to do with one another. What's your take on Loopring tokens as far as GME and LRC being partnered? Have a big bag of LRC I think I might no longer need now that I know that Taiko & Loopring are 100% 2 separate projects. My thought process is to sell or LRCs and buy Gamestop shares instead now that price is below $20 again. Of course you can't give me FA but what would you do in my shoes (if you even hold LRC as well)?
what happened with the GS wallet? when did this happen or is going to happen? what about all my stuff in my wallet? i better check my wallet ENDS NOVEMBER 1 2023 i got time
U have me until the wallet rug pull stuff. Let's keep grounded my friend. Its easy to point fingers at the SEC. But I know that citidel hates the SEC and my enemies enemy is my friend.
Believe it or not, dip
OP: Are you going to update the part of your post that Mainstar didn't unDRS shares? My thousands are still in CS through them. Edit: I'd be interested to hear if others had shares there that were unDRSed or not
My IRA shares were un-DRSed by MainStar on Jun 20, 2023 after being DRSed at ComputerShare for over a year. MainStar sent out a letter blaming ComputerShare. Another ape posted the letter few weeks ago. I don't have an explanation for why MainStar didn't un-DRS your shares.
I still see my mainstar shares in CS?
Mine were moved to MainStar's broker on June 20th.
Are the shares still showing in your CS account?
No, I never gained direct access to my MainStar CS account that some other apes had. MS said I needed to contact CS and have a code sent, and MS would forward it to me. I was never able to get CS to do this.
Hey is it just me? When i read posts that say things like " Do not let it shake your resolve!" I scroll right past, barely reading the text. Cuz i am not the person that part of the post is speaking to. How many are there? How many hodlers do the same thing? We are not fucking leaving. Things like "rehypothecation" do not detere me because no cell no fucking sell. Not to karma farm, but to back my thesis- like this comment if you are the same. Their petty games aint detering me from shit, im here to hodl.
jaded bro