The price drop is because of market manipulation and the current price doesn’t represent fundamentals. We all know GME is worth more.
But the price has been gradually decreasing ever since the January 2021 sneeze and this thread over at SS suggests the line reaches 0 around 1/1/2024.
I don’t think it will actually hit 0 but I know I’m going to be buying more in November and December.
Point is don’t let this rattle you. I bought my first share at $448.30 so why wouldn’t I buy more at $1?
The finish line isn’t out of reach any more. We’re going to lock the float, and we’re going to do it fast. Buckle your seatbelts.
Numerous sources have been cited from what I’ve seen.
Here are a few of the most pertinent:
“When you place a market order - 90-95% do not go to the ‘lit’ exchanges - do not go to NASDAQ or NYSE, they go to wholesalers and they don’t have order by order competition and part of that is because of what you just said; Payment-for-Order-Flow which is, yes, banned in the U.K., in Canada, and Australia and the European Union…” -Gary Gensler, 33rd Chair of the Securities and Exchange Commission (SEC)
“…stocks that have a high level of retail participation, the vast majority of order flow can trade off of exchanges, which is problematic. That price formation is not really reflective of what supply and demand is.” -Stacey Cunningham, President of New York Stock Exchange (NYSE)
(source)
Lucy Komisar’s expose here directly related to the entire issue/s. Ms. Komisar is a lauded and awarded financial journalist.
“We’ve seen problems which came really to the fore, particularly with Procter and Gamble’s proxy fight, which nobody really knows what the outcome was. There were enough “hanging-chads,” so-to-speak, that that was never really resolved.” (source)
Primary research related to all of the above: “The New Vote Buying: Empty Voting and Hidden (Morphable) Ownership”
Edit: if you can’t see how this relates to the larger thesis and market around not only GameStop, but countless other companies, then I’m not sure what to tell you.
‘There’s no evidence Gamestock is a good investment.’
‘Here’s a bunch of evidence about DRS!’
Brain worms.
All of those citations have little to nothing to do, directly, with DRS.
Again, all of those citations have little to nothing to do, directly, with DRS. Though, they do directly relate to the conditions and thesis around GameStop and multiple other companies on which people are investing and operating.
Your comment here makes it clear you’re not being intellectually honest andor out for a good-faith discussion.
You are obviously conditioned and biased via the larger Wall Street network’s media arm. This comment here makes it totally, 100% obvious. It really, truly, does.
‘I bet you love Wall Street!,’ says totally not a cult member, ignoring how I’ve done literally nothing to defend Wall Street, called them vultures, hinted at far worse than this Gamestop shit, and–
Jesus fuck. Can you really not imagine dissent unless it’s from a unified persecutorial outgroup? Like nobody’s ever just on the sidelines, literally uninvested, and saying it looks like you’re full of shit?
And all six of your links were about who owns which shares. The question in this thread was - why Gamestop?
You’re putting words in my mouth. Damn, dude. I didn’t say anything like “you love Wall Street.” I said you’ve been conditioned and are biased by the most powerful, wealthy, and influential network of people and organizations in the history of humankind. That’s, uh, two wildly different issues on the spectrum there, dude. For being such a super-smart and brilliant person you’re coming across as argumentatively dishonest and ignorant of the larger context.
‘I didn’t say you love them, I said you’re brainwashed.’
I’m not wasting further time on this accusation.
I’ll waste a bit more on this one, though: I’ve never claimed to be a suuuper geeenius. You lot just equate criticism with superiority, as if someone has to be smarter, overall, for you to be mistaken. Hence the dingus namedropping Steve Jobs and wondering what Richard Feynman would say if he was on your side. It’s the sort of hierarchical crank bullshit’s endemic to a hierarchical worldview… like in a cult. As if arguing whether someone is an expert is what makes them right or wrong.
Meanwhile, the stock is going down.
You keep putting words in my mouth - dishonestly. The fact of the matter is the larger Wall Street network and regime can and does “brainwash” people, to put it simplistically. More importantly, I didn’t say you were “brainwashed.” The words “conditioned” and “biased” were used which don’t equate to “brainwashed” - in my opinion. I have noticed a pattern in your replies that you are very binary - black & white - in your thinking.
With that said, it’s really not all that unreasonable to think you’ve taken the bait hook, line & sinker when it comes to this particular larger issue around market criminality and fraud - much of it rooted in a lack of transparency and ownership - both of which are greatly affected, positively (for household/“retail” investors), by people being aware of and using the Direct Registration System - along with and in addition to understanding of the market mechanics that surround not only GameStop, but all companies in the U.S. “stock market.” Those “market mechanics” have been previously linked.
‘How dare you paraphrase me. Yes I mean brainwashing. I didn’t say brainwashing. But it’s not unreasonable to say you’re brainwashed.’
Shut up.
I mean, words have definitions. “Conditioned” and “biased” aren’t “brainwashing” unless in extreme degree, I suppose. Sounds more like you’re angry at the possibility - the potential - that you are, in fact, ahem conditioned and biased to such a degree as to reeeeeeeeeee all over this post and thread.
The most powerful network of money and influence on the planet… in all of human history…
Don’t forget to forget GameStop, kiddos!
You’re ignoring numerous comments. One would be reasonable in thinking you’re not intellectually honest.
I replied to you before:
I’m replying to your scattershot comments where you left them. If you want it all in one place, put them all in one place.
There are multiple reasons listed above as to why the company is not dying or dead - two statements you’ve made as matter of fact. You’re - simply - 100% wrong on both accounts.
“Literally”, as the kids say…no figuratively… dead fucking wrong, dude. Dead. Wrong.