Almost 2 Years Ago
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Love em or hate em, here's what /r/Wallstreetbets is chattering about this morning
SPY is overshadowing the conversation on /r/Wallstreetbets this morning. The traders on /r/Wallstreetbets are all about SPY today, while over on /r/investing they are bombinating about GME. Meanwhile, over at /r/valueinvesting, GME is the current buzz.
Overall, /r/Wallstreetbets sentiment is slightly bearish same as yesterday and the previous week. Moving along, the top ranked comments today are:
WulfyJJ - 2395 upvotes
The idiosyncratic risk, shorts never adjusted to the buyback back then, and still have not. Neighter have they adjusted to the massive buy in. This is the risk regulators have worked their ass off for 1.5years to understand.
Savik519 - 1634 upvotes
The Cramer bottom signal is in.
firefighter26s - 1506 upvotes
I figured that these Hedgies are hiding stuff all over the place and manipulating the public numbers to do so. Hiding shorts in Brazil; swaps; reverse repo; cooking the books with pump and dumps stay ahead of margin calls. I wouldn't be surprised if they bribe the guy who types in the numbers with a case of scotch. But every once in a while they slip up and some of the true data floats into the open. "just a glitch" was a great excuse until a few hundred thousand sets of eyes are scanning said data trying to make sense of a needlessly complicated system and putting pieces together.
deputy_dog - 1364 upvotes
From the 8-k filing: "On March 31, 2022, GameStop Corp. (the “Company” or “GameStop”) announced its plan to request stockholder approval at the upcoming 2022 Annual Meeting of Stockholders (the “Annual Meeting”) for an increase in the number of authorized shares of Class A common stock from 300,000,000 to 1,000,000,000 through an amendment to the Company’s Third Amended and Restated Certificate of Incorporation (the “Charter Amendment”) in order to implement a stock split of the Company’s Class A common stock in the form of a stock dividend and provide flexibility for future corporate needs." Seems like they identified the reason for the vote on the split. If they change that reason, and don't issue the split dividend, and use those shares for other things, wouldn't that be a bait and switch type scenario?
PlasmaTune - 1144 upvotes
The same should apply for companies who continuously break laws, pay back 100% of profits made in addition to a fine on top of it.
Puzzleheaded-Oil6717 - 1030 upvotes
When they ban Russian gold, we just call it African gold
Mauser44 - 1010 upvotes
Licence to Print
mko710 - 902 upvotes
Dude Reddit has been super weird lately. Glitches everywhere. You’re on to something here
Overall, /r/Wallstreetbets sentiment is slightly bearish same as yesterday and the previous week. Moving along, the top ranked comments today are:
WulfyJJ - 2395 upvotes
The idiosyncratic risk, shorts never adjusted to the buyback back then, and still have not. Neighter have they adjusted to the massive buy in. This is the risk regulators have worked their ass off for 1.5years to understand.
Savik519 - 1634 upvotes
The Cramer bottom signal is in.
firefighter26s - 1506 upvotes
I figured that these Hedgies are hiding stuff all over the place and manipulating the public numbers to do so. Hiding shorts in Brazil; swaps; reverse repo; cooking the books with pump and dumps stay ahead of margin calls. I wouldn't be surprised if they bribe the guy who types in the numbers with a case of scotch. But every once in a while they slip up and some of the true data floats into the open. "just a glitch" was a great excuse until a few hundred thousand sets of eyes are scanning said data trying to make sense of a needlessly complicated system and putting pieces together.
deputy_dog - 1364 upvotes
From the 8-k filing: "On March 31, 2022, GameStop Corp. (the “Company” or “GameStop”) announced its plan to request stockholder approval at the upcoming 2022 Annual Meeting of Stockholders (the “Annual Meeting”) for an increase in the number of authorized shares of Class A common stock from 300,000,000 to 1,000,000,000 through an amendment to the Company’s Third Amended and Restated Certificate of Incorporation (the “Charter Amendment”) in order to implement a stock split of the Company’s Class A common stock in the form of a stock dividend and provide flexibility for future corporate needs." Seems like they identified the reason for the vote on the split. If they change that reason, and don't issue the split dividend, and use those shares for other things, wouldn't that be a bait and switch type scenario?
PlasmaTune - 1144 upvotes
The same should apply for companies who continuously break laws, pay back 100% of profits made in addition to a fine on top of it.
Puzzleheaded-Oil6717 - 1030 upvotes
When they ban Russian gold, we just call it African gold
Mauser44 - 1010 upvotes
Licence to Print
mko710 - 902 upvotes
Dude Reddit has been super weird lately. Glitches everywhere. You’re on to something here
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