Just wanted to share my Superstonk permaban and their reasoning for it lol. It was inevitable, surprised they let me stay till td tbh lol. I’m sure everyone knows how corrupt they are but for any still doubting:
Encountering shills means we’re headed in the right direction … WAGMI 🦍🦍🦍🦍🦍🚀🌔🏴☠️
has GME become a legit cult or are yall just being super ironic or something?
members of this Lemmy instance are investors of GameStop, and more specifically investors here advocate that all investors benefit from directly registering their shares. By directly registering shares of a company that you paid for, you get genuine share ownership. If shares that you paid for are not directly registered but instead held in a brokerage account, those shares are not actually owned by you, they are owned by Cede & Co, the central depository of the Depository Trust Company.
Due to the high stakes nature of the situation surrounding GameStop, investors of GME and advocates of DRS have faced and continue to face persistent antagonism and opposition from many directions, because investing in GME and directly registering shares is against the interests of certain incumbent institutions that have a vested financial interest in GameStop’s demise.
For this reason, it is to the benefit of those that oppose GameStop’s success that people would view GameStop investors as nothing but rabid cultists, and not as legitimate investors of a legitimate company. It is why they use words like “meme stock”. It is why they say things like “Sell the stock first, ask questions later”.
Members of this Lemmy instance have been facing issues on Reddit and so we are now here using Lemmy.
The facts of the matter are:
If you own stocks with a brokerage (Robinhood, Fidelity, TD Ameritrade, etc…) and/or have a 401k, you - unequivocally - do NOT own that stock . (see here and here and here)
The non-ownership of stocks by “retail” / household investors equates to major, current (i.e. happening right now) fraud and manipulation in the stock market - which itself equates to theft of middle-class and lower-class wealth - and to a large degree, nationality instability and international instability (to put it lightly). (see here and here)
Corporate voting mechanisms (i.e. “vote on company policy changes with shares”) have been rendered completely fraudulent and a sham due to larger Wall Street’s ability to create counterfeit shares and vote with those shares through convoluted loopholes and confidence trickery - equating to Wall Street psychopaths creating policy for the largest companies and one major HOW to “corporations having too much power.” (see here)
Never, in all of human history, has there been more power, money, and influence concentrated in one place as there is on Wall Street right now - and help is needed to bring to light their crimes.
lmao gamestop hasn’t been relevant for the last 2 years
i get you wanna dedicate your time & effort to something you feel is important but you’re just throwing away money unless you’re shorting the company
Only a fucking moron would think they would make money from shorting GameStop. You must be a Kenny bootlicker.
Actualy thats a fact that if you have shorted it in the last two years you’d be profitable. Lets stick to the facts. Plz don’t bring the cult echo chamber here. For that there is already reddit. Yes I am long on GME, and yes I am deep on the red.
It’s so weird that the only way people discuss credibility is based on the chart. That is post-hoc at best, and disingenuous at worst.
People should stick to talking about fundamentals, financials, future prospects, and how that relates to price action. If the fundamentals don’t match the price action, ask why.
Right now our best theories involve flaws in market structure, Wall Street corruption, and moral hazard with regard to SROs. Hence the activism portion of our message.
It’s stupid as hell to require that the stock price be up in order for us to be viewed as credible. That is putting the cart before a sideways cart while the horse is drunk at a bar.
Well said. Bravo.
thanks for your incredibly insightful investment advice. I am very sure that you know more about it than myself or anyone else here.
Why you here then dingus?
cus it was on hot
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Would you mind explain better why do you think ppl is throwing away money?
I must agree that stock performance hasnt been any good in the last two years and doesn’t look promissing.
Yes shorting would have been profitable. But hey after the fact it’s easy to look back state that. Just for curiosity, what stocks/sectors would you say are a good investment right now?
Honestly, the idea of buying GameStop stock isn’t inherently a foolish one. Video games aren’t going to go away anytime soon and so the stock will always appreciate in value over time regardless of Blackrock’s shenanigans and whether there’s a massive short squeeze eventually or not.
If people still think MOASS is gonna be a thing though, well… 🤷