Roaring Kitty is doing his first livestream in 2 years today after he's been posting memes on twitter for the last two weeks. Stream starts at 11 central.

I own some GME, from two years ago, but I'm in the green. I'm mostly interested in the scandals and the conspiracy theories. This stuff is better than anything on TV.

I don't think there's any conspiracy theory left. Market elites have told the government to put it's thumb on the scale against retail investors; and very openly I might add. It's really interesting catching up on this market chicanery.

Kitty will likely end up pissing a lot of money away to make a point. You can't beat this market. You can do well, but the big wigs are protected. You start cutting in on their action or cause them to lose an exorbitant amount of money, they will crush you. Kitty has made himself a tall blade a grass. Still, it's interesting to watch what happens.

So put a minimum of $10k into GME before 11:00a then, is what your are saying?

I feel like the Reddit vs GME shorts was a one off. The mob can rule the day once or twice. GME can use the momentum to sell new shares and basement dwelling reddit dorks and gamers can pick them up.

But in the end Game Stop as a corporation no longer has a profitable model and the street knows it. Now I may be ignorant on all of the in's and out's of Game Stops business, but physical media and transferable games are over. Sure there will always be a market for old games but I don't think a dedicated and nation wide brick and mortar store will provide can be supported by that niche market.

The basement dwellers can throw money at this all day long and in the end they can't move the needle. Driving the stock higher only fuels another round of shorts and the short buyers have FAR deeper pockets than the Reddit mob. For every 10,000 redditors that might buy 2 or 3 shares there's a hedge fund that can short 100,000 shares.

392k people waiting for this livestream to start. wow

BucketofBalls99 said:

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So put a minimum of $10k into GME before 11:00a then, is what your are saying?

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I wouldn't. Hedgies have a massive bankroll and can and will suppress the price. There will probably be a drop. Maybe them a short spike, but I bet it settles back to the mid-20's in the long term. If you have a console account then you might be able to time it well. Those of us with retail accounts will always lose.

465k waiting now. still no kitty. watching the 1 minute chart on second monitor and it is hilarious at the moment.

Dude seems like he is on something.

BucketofBalls99 said:

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Dude seems like he is on something.

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He's high on being worth 80 million dollars.

He'll be worth half a billion if his puts go in the money.

Stock now down almost 40%, GME had their **** together this morning for a change.

Tim Weaver said:

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Ag CPA said:

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Stock now down almost 40%, GME had their **** together this morning for a change.

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Look at the volume and how many trading halts though. Seems real fishy......

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Doesn't it though? Did you read what was written on his glass of beer? Something tells me this is going to end up in court.

TTUArmy said:

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Tim Weaver said:

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Ag CPA said:

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Stock now down almost 40%, GME had their **** together this morning for a change.

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Look at the volume and how many trading halts though. Seems real fishy......

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Doesn't it though? Did you read what was written on his glass of beer? Something tells me this is going to end up in court.

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Hahaha. It very well could.

I have a theory.

Hedge funds are still short GME.
There's not enough free float for these shorts, so a bunch are synthetics
Gamestop issues 75m shares as "fundraising". Prive goes down
Hedge funds are defending, and driving price down because they are afraid of RK
Roaring Kitty starts a hype campaign and livestreams and says " buy and hold"
RK shows he has a bunch of puts at a $20 strike price.
Retail idiots will be buying this dip like never before. Retail Registers and books these shares
Price goes up, RK executes his Puts
Puts are un-fulfillable because there are literally not enough actual shares in circulation
Lending institutions and Hedge funds are exposed as to how many synthetics they have created

Fire, floods, suits crying in the streets. Much carnage ensues.


At least I hope this is where it goes. And hopefully it brings about real transparency in the market for normal folks.....

hedge funds can use their HFT models to front run anything that dumb redditers come up with.

this is Keith making himself rich by taking advantage of the stupid masses

who believe they are sticking it to the man when in reality the hedge funds are making millions every hour from this.

You are correct. I am terrified of options.

a bit surprised at the lack of volatility during and especially after the stream, flattest it's been since April would've at least expected a gradual melt

It seemed outside of big institutional sell offs that it mostly held strong. Interested to see how it plays out

Tim Weaver said:

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Ag CPA said:

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Stock now down almost 40%, GME had their **** together this morning for a change.

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Look at the volume and how many trading halts though. Seems real fishy......

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Read an article this morning about him purposefully using certain words and phrases to set off algos and trip the halts, did not watch enough of the the video to see if it made sense though.

Ag CPA said:

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Tim Weaver said:

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Ag CPA said:

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Stock now down almost 40%, GME had their **** together this morning for a change.

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Look at the volume and how many trading halts though. Seems real fishy......

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Read an article this morning about him purposefully using certain words and phrases to set off algos and trip the halts, did not watch enough of the the video to see if it made sense though.

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Its hard to prove, but he did seem to be able to say something and it triggered a halt. Real fishy.


Also this. Random lawsuit? Or a strategic move?

https://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-gamestop-corp---gme-301875730.html?fbclid=IwZXh0bgNhZW0CMTAAAR0yAWtgswWq4ml8UUWevh4Y2Uv3H7JJAWbwKRVyGLTofSdd7NzsEqxNmJw_aem_AU8WuHCezwcxjLXUNuFFRjrWdVkmTAs89aSgb_Omu-beGy-ik2Gm5IOyHmqk_auxJX0IcFI5IEtEHS9UiLc07oCu