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.

https://www.reddit.com/r/Superstonk/comments/179hajz/wild_the_current_regression_fit_from_june_14th_of/

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.

  • MozooZ@lemmy.whynotdrs.orgEnglish
    11·
    1 year ago

    What’s often misunderstood is that this isn’t about money for a lot of people. It’s about exposing widespread fraud, corruption, deception, manipulation, and the destruction of the livelihoods of countless people & families.

    If my investment of $20 in one share of the stock that is DRSed equates to being one drop in the ocean that turns the tide, then that’s well-worth it to me, my progeny, and species - not to mention all other species on the planet. Even if the odds are against me/us, the odds/benefits far outweigh the drawbacks. I waste $20 on all sorts of bullshit and stuff - this may be another “waste,” but not necessarily for naught.

    The vast, vast, vast, vaaaaaast majority of stocks not being truly owned by the people who think they own them (being held in brokerages andor 401ks; see: here, here, and here) equates to a “system” that is ripe and rife in fraud, deception, and manipulation.

    The more people who understand that, the better chance there is we see a more equitable future for everyone and everything on the planet.

    Edit: Don’t forget to forget GameStop, fellow kids!

    • Krauerking@lemy.lolEnglish
      2·
      1 year ago

      Oh my God what?

      So yeah obviously you guys are all flower power and bragging about how this is for the merits and not the money while also your community brags about how much money they are super gonna make when this over. So I’m done believing the altruism on one hand and greedy on the other you guys have going.

      But also wow if you really think this is gonna do something for the fraud inherent in the system. Thats not what is gonna happen and I’m sorry if I am the one that has to tell you that. This is a pyramid scheme where the only people winning are the ones that sell when the price goes up and GameStop which has a group of sycophants to help provide padding for their stock.

      Maybe just maybe they use this to pivot and turn back into a profitable company and your stock purchases at least creep back up in value but that’s pretty much best case scenario.

      Even if you manage to break the system and show the fraud and lay it bare… which You won’t… You won’t win this in a way that helps anyone. In fact you guys are just huffing on so much copium for any dopamine in a broken world. I can’t even be mad that you guys are hopeful because the world is a depressing place, but this will not be what solves that. And it won’t be for naught but help those you are upset at.

      I wish you luck in realizing that and hope that no one else here is wasting more than they should.

      • MozooZ@lemmy.whynotdrs.orgEnglish
        8·
        1 year ago

        Wow. Really laid bare here your know-it-all, future soothsaying, crystal ball, emotional, egotistical - biased and conditioned - nonsense.

        clap Well done.

        Edit: for anyone who’s been watching, the entire debacle has already brought about some major reform, while there is more on the table and being discussed now. Furthermore, more people than every are educated on some of the inner-workings and deception within the larger “stock market.” Additionally, there is a DoJ investigation into many of the associated hedge funds and organizations related to the issues.

        • Krauerking@lemy.lolEnglish
          2·
          1 year ago

          And apparently I struck a nerve because now you aren’t bragging about all the good you are doing but getting defensive and just using insults. So, whatever. It doesn’t matter. And I hate that I care even at all what happens to other people.

          If someone else is reading this and haven’t yet fully committed to this cult please understand that the system is a mess, and likely there is no simple way out of it, least of all buying a retailer store stock. It’s ok to be aware and it’s hard to optimistic after you are. But hiding away from reality and only accepting what is confirming to your idea of reality is not be brave and not going to be beneficial to anyone other than people that can take advantage of you.

          • MozooZ@lemmy.whynotdrs.orgEnglish
            9·
            1 year ago

            Huh? You’re the only one here ranting and raving about what the future holds.

            For anyone else reading who’s intellectually honest:

            There are more directly registered shares of Gamestop (GME) than any other company in the entire history of the stock market - more than Amazon, Apple, and Microsoft combined.

            That equates to more than $2 Billion / ~1/3 of the company safely locked away in investors’ own names, out of brokerage, market-maker, & hedge fund collaboration, safe from potential brokerage bankruptcy, while disrupting off-exchange & dark pool abuse, mitigating Failure-to-Deliver abuse, and other similar confidence tricks, deception, derivative-based backstabbing, and basic short selling.

            As such, it’s created a once-in-market-history dynamic around the phantom-counterfeit-shares-hedge-fund-abuse-household-investor ecosystem.

            We’re talking about a company that is cash flow positive (Free Cash Flow; FCF), no long term debt, ~$1B in cash/treasuries and another ~$1B inventory, moving into the “digital property rights” space, which has been missing from the internet since it was invented – all lead by a team assembled via a 30-something billionaire entrepreneur who took Amazon to the cleaners with Chewy. A company trading at less than 2X assets alone, while currently undervalued by Morningstar where insiders are buying far, far, far more than selling.