By popular demand, here's my take on the GameStop/Reddit/Robinhood stock market debacle. In this episode, we take a look at the strange and deeply funny spec...
For what its worth. GameStop now has no debt, $1Bil in cash reserves, an insanely dedicated customer base, is successfully pivoting into web3 gaming (not the scam kind), had positive earnings Q1 and continues to improve its earnings YoY. Insiders have bought 10’s of thousands of shares recently (insiders only buy for one reason: they think value will increase).
So basically. GameStop isnt going to die. Shorts still have to close. Not to mention all those “dumb” investors got educated and discovered that Directly Registering your shares pulls those shares out of the rigged system. So if all the shares can be pulled out, those covered (hidden) shorts can be exposed— and theyre pretty close.
For what its worth. GameStop now has no debt, $1Bil in cash reserves, an insanely dedicated customer base, is successfully pivoting into web3 gaming (not the scam kind), had positive earnings Q1 and continues to improve its earnings YoY. Insiders have bought 10’s of thousands of shares recently (insiders only buy for one reason: they think value will increase).
So basically. GameStop isnt going to die. Shorts still have to close. Not to mention all those “dumb” investors got educated and discovered that Directly Registering your shares pulls those shares out of the rigged system. So if all the shares can be pulled out, those covered (hidden) shorts can be exposed— and theyre pretty close.