ΔΡΣ Central
Community to discuss the DRSGME.org project and resources, and how to spread DRS advocacy and information to GameStop investors around the world.
Have a great idea to spread the word? There are some resources here to get started!
https://www.drsgme.org/free-resources
at $1 per share, the market cap would be about $300 million, far less than the amount of cash on hand that GameStop currently has, not to even speak of RC's personal warchest and the ~ 200,000 DRS'd investors that would be scooping them up at that price.
Personally I don't see how it would be possible for the price to go that low, but if it did I would be buying as many as I could.
We would lock the float very quickly.
I think Q3 is going to be profitable but I don't think the price will rise after the earnings call. Instead I expect more BS from the MSM and the price will plummet in an attempt to break the ape's hold on the stock.
They're just digging their own grave. This trajectory isn't sustainable. The rate of DRS is just going to skyrocket.
Why GameStop won’t buy back shares anywhere near these prices.
tldr: a share buyback is not needed and if the price of shares is inevitably going down then let the price get as low as possible, and only then a buyback would be a good move
If they drop it too low gamestop can simply buy the float themselves with cash on hand. Short sellers are screwed no matter what they do.
I'm 100% DRS'd. Had some very pressing financial stuff - landlord evicted me after I had the audacity to request basic maintenance, and agreeing an egregious rent hike, but guess he realised he could just not renew and get more with a new tenant. I can't afford to live where I've been for ~20 years on my own anymore unless I move into a bedsit somewhere grim. So, I also have all the expenses of a move across country; and am in the final stages of (hopefully) buying a house, with a mortgage of course.
My rambling point (I am getting there, promise) is, I'd probably have sold some of my shares by now if it weren't for the fact the short & distort team has managed to drag the price down to what I feel is a massively-undervalued area. Money is going to be very tight for me moving forward, I've not bought more shares for a while, but damn I will be loading up as much as possible if they drop the price anywhere near 0.
They cannot beat us. They cannot cellarbox us. All they can do are pathetic misleading stories in their controlled outlets and the whole 'buys to dark pool, sells to market' game. If the price drops to $10 or below, there will be an absolute surge of buying.
Evicted but still hodling. 💎🖐️
I have somewhere to go, fortunately.... some aren't so lucky. Investing is never risk-free but I believe in the fundamentals of GME as a business, and prepared to hodl for as long as it takes.
I think the short-sellers greatly underestimated our collective resolve!
Some great engagement on this post. And it seems to have pulled in some outsiders. And spurred uncensored debate. I'm bullish on Lemmy.
If it drops below a certain level will it be removed from the Russell 100 ?
This is really beyond frustrating. If Q3 posts a profit then what do shorts do?