Over 1 Year Ago
2 Min Read
Morning low-down on /r/Wallstreetbets featuring GME, SPY, and QQQ
GME, SPY, and QQQ that's the topic of conversation this morning on /r/Wallstreetbets.
The chatter is all about GME this morning on /r/Wallstreetbets while GME is the apple of /r/investing's eye. Meanwhile, over at /r/valueinvesting, GME is apple of their eye.
Overall, /r/Wallstreetbets sentiment is bearish compared to bearish yesterday and bearish the previous week.
Meanwhile, the top ranked comments today are:
Infenix13 - 7921 upvotes - source
QUARTER | SHARES DRS (SPLIT ADJ) | Change % ---|---|--- Q3/2021 | 20.8 MILLION | Q4/2021 | 35.6 MILLION |71.15 Q1/2022 | 50.8 MILLION |42.70 Q2/2022 | 71.3 MILLION |40.35
godisawoman420 - 5080 upvotes - source
THIS GOES OUT TO ALL THE SMALL APES WHO DON’T THINK DRS’ING 5-10 SHARES MATTERS. TOGETHER WE’RE STRONGER.
zedinstead - 4005 upvotes - source
HOLY MOLY! THAT IS 5 MILLION MORE THAN THE ESTIMATE
x2ndCitySaint - 3270 upvotes - source
Wow
Truefaith1990 - 2913 upvotes - source
All Hail to the guy who suggested „Let‘s put DRS numbers in our quarterly reports“ in a GameStop board meeting. 🙏🍾🎉
catbulliesdog - 2660 upvotes - source
Doesn't really matter. They still need a seller to close the position. In other words, they can say "we can close our short at X price" but without someone to sell back that share, there is no transaction to complete. Someone still needs to be willing to sell. A naked short doesn't have a borrower to return it to, but it does have a buyer hodling it. Think of it like the EU putting a price cap on Russian gas. It's meaningless.
super_pablo_ - 2639 upvotes - source
No growth in net sales, but a reduction in costs, compared to q2 2021. 900 million n cash and zero debt. I’ll take it.
twentythree12 - 2454 upvotes - source
Damn seems like people really like this company and want to own a piece of it!
thefr3shprince - 2301 upvotes - source
GAMESTOP NOT GOING OUT OF BUSINESS WITH 900mm in cash! That should be enough to tell you that SHORTS ARE FUCKED. DRS MFERS
ISayBullish - 2031 upvotes - source
Bullish wow indeed
Chriss016 - 1809 upvotes - source
They don’t, op doesn’t know anything and half of those graphs are cryptocurrencies
RothIRAGambler - 1730 upvotes - source
They just hired the former VP of Warner Bros gaming after he left that job right after they released a DC universe NFT/Physical card hybrid CCG, akin to Finestone leaving Loopring and joining GameStop. I believe they are going heavy into NFT gaming and using DC as one of the big IP’s. Btw they’re a crypto exchange and GameStop will sell ftx gift cards now. No more bank declining payments for crypto or your state not supporting, just go cash -> crypto with ftx gift cards at GameStop
The chatter is all about GME this morning on /r/Wallstreetbets while GME is the apple of /r/investing's eye. Meanwhile, over at /r/valueinvesting, GME is apple of their eye.
Overall, /r/Wallstreetbets sentiment is bearish compared to bearish yesterday and bearish the previous week.
Meanwhile, the top ranked comments today are:
Infenix13 - 7921 upvotes - source
QUARTER | SHARES DRS (SPLIT ADJ) | Change % ---|---|--- Q3/2021 | 20.8 MILLION | Q4/2021 | 35.6 MILLION |71.15 Q1/2022 | 50.8 MILLION |42.70 Q2/2022 | 71.3 MILLION |40.35
godisawoman420 - 5080 upvotes - source
THIS GOES OUT TO ALL THE SMALL APES WHO DON’T THINK DRS’ING 5-10 SHARES MATTERS. TOGETHER WE’RE STRONGER.
zedinstead - 4005 upvotes - source
HOLY MOLY! THAT IS 5 MILLION MORE THAN THE ESTIMATE
x2ndCitySaint - 3270 upvotes - source
Wow
Truefaith1990 - 2913 upvotes - source
All Hail to the guy who suggested „Let‘s put DRS numbers in our quarterly reports“ in a GameStop board meeting. 🙏🍾🎉
catbulliesdog - 2660 upvotes - source
Doesn't really matter. They still need a seller to close the position. In other words, they can say "we can close our short at X price" but without someone to sell back that share, there is no transaction to complete. Someone still needs to be willing to sell. A naked short doesn't have a borrower to return it to, but it does have a buyer hodling it. Think of it like the EU putting a price cap on Russian gas. It's meaningless.
super_pablo_ - 2639 upvotes - source
No growth in net sales, but a reduction in costs, compared to q2 2021. 900 million n cash and zero debt. I’ll take it.
twentythree12 - 2454 upvotes - source
Damn seems like people really like this company and want to own a piece of it!
thefr3shprince - 2301 upvotes - source
GAMESTOP NOT GOING OUT OF BUSINESS WITH 900mm in cash! That should be enough to tell you that SHORTS ARE FUCKED. DRS MFERS
ISayBullish - 2031 upvotes - source
Bullish wow indeed
Chriss016 - 1809 upvotes - source
They don’t, op doesn’t know anything and half of those graphs are cryptocurrencies
RothIRAGambler - 1730 upvotes - source
They just hired the former VP of Warner Bros gaming after he left that job right after they released a DC universe NFT/Physical card hybrid CCG, akin to Finestone leaving Loopring and joining GameStop. I believe they are going heavy into NFT gaming and using DC as one of the big IP’s. Btw they’re a crypto exchange and GameStop will sell ftx gift cards now. No more bank declining payments for crypto or your state not supporting, just go cash -> crypto with ftx gift cards at GameStop
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