I think the funny thing in all this is how many levels there are to it.
➤ You got the shit for brains hedge fund who foolishly believed they were gonna make a killing.
➤ You got the the brain dead group. They invested in the stock simply because it was rising. They believe it's going to be a nice stock to hold onto long term because "everyones doing it". They don't know about the short squeeze or the hedge fund shorts. Admittedly there aren't very many of these people but the media would like you to believe there are so they can push their whole "we're protecting you from you" narrative.
➤ You have the I don't give a fuck group, who know a bit of what's going on, they invest a bit into it and if they make money that's cool. If they lose money at least it isn't that much and at least they were able to "stick it to the man".
➤ Then you have the pump and dump squad aka the fake 💎🙌🏻, who invested a decent amount of money into it. These people are trying to squeeze a good chunk of change from all of this. They believe they're the deepest level of the groups and know someones gonna be left holding the bag so they're encouraging people to buy in, in the hopes that they can get out before them.
➤ Then you have the 200 IQ group aka the actual 💎🙌🏻 aka the self proclaimed retards who've done their due diligence. These people invested a shit ton, some sold off half of what they put in when the stock hit peak and are leaving the rest in for the real bet. They're wagering that GameStop is gonna blow up. About a year ago they realized GameStop was going to be backed by billion dollar co-founder of Chewy, Ryan Cohen who bought a large portion of available $GME stock. He installed some of his team into GameStops board of directors and they believe GameStop is going to make a move into the digital market with Ryan Cohen spear heading the whole thing. They orchestrated the team that initiated the short squeeze, got some highly funded investors to hop on board and memed it all into existence. This group and the brain dead group are riding the same boat but for different reasons.
If you look through DFV's comment history you can find quite a few mentions of it. I sifted through his profile when WSB went private and this caused his profile to filter out any posts under WSB, and that's how I found it. He spoke of rumors over Ryan Cohen buying up Gamestop stock and appointing some of his staff to the team way before it was on anyones radar. Now that the subreddit is no longer privated it's quite a lot to sift through and I'm having trouble finding it, but you can easily find gilded comments like this ----
or this that can help you. As you would expect he was mocked for his investment.
At the end of December this was published and it vindicated his theory. (Edit: Seems as if the article is now behind a paywall (Also to correct myself, he bought up a large portion of the available stock not half).
I really wish I would've saved every piece of info I was able to digest at the time but I wasn't fully aware of what was happening. I was in the tail end of the thick of it, some time before Elons "Gamestonk" tweet, and only then had I realized what was happening. A bit after that I was able to gather that this is much more than the short squeeze. The short squeeze definitely over shadows it all and rightfully so, but people are behaving as if GameStop is going back to being a near penny stock after it's all over. If GameStop plays its cards right, leverages its current popularity and combines it with whatever Ryan has in store then I don't believe that will be the case.
I think the funny thing in all this is how many levels there are to it.
➤ You got the shit for brains hedge fund who foolishly believed they were gonna make a killing.
➤ You got the the brain dead group. They invested in the stock simply because it was rising. They believe it's going to be a nice stock to hold onto long term because "everyones doing it". They don't know about the short squeeze or the hedge fund shorts. Admittedly there aren't very many of these people but the media would like you to believe there are so they can push their whole "we're protecting you from you" narrative.
➤ You have the I don't give a fuck group, who know a bit of what's going on, they invest a bit into it and if they make money that's cool. If they lose money at least it isn't that much and at least they were able to "stick it to the man".
➤ Then you have the pump and dump squad aka the fake 💎🙌🏻, who invested a decent amount of money into it. These people are trying to squeeze a good chunk of change from all of this. They believe they're the deepest level of the groups and know someones gonna be left holding the bag so they're encouraging people to buy in, in the hopes that they can get out before them.
➤ Then you have the 200 IQ group aka the actual 💎🙌🏻 aka the self proclaimed retards who've done their due diligence. These people invested a shit ton, some sold off half of what they put in when the stock hit peak and are leaving the rest in for the real bet. They're wagering that GameStop is gonna blow up. About a year ago they realized GameStop was going to be backed by billion dollar co-founder of Chewy, Ryan Cohen who bought a large portion of available $GME stock. He installed some of his team into GameStops board of directors and they believe GameStop is going to make a move into the digital market with Ryan Cohen spear heading the whole thing. They orchestrated the team that initiated the short squeeze, got some highly funded investors to hop on board and memed it all into existence. This group and the brain dead group are riding the same boat but for different reasons.
Got any good links to backup that last bullet point?
If you look through DFV's comment history you can find quite a few mentions of it. I sifted through his profile when WSB went private and this caused his profile to filter out any posts under WSB, and that's how I found it. He spoke of rumors over Ryan Cohen buying up Gamestop stock and appointing some of his staff to the team way before it was on anyones radar. Now that the subreddit is no longer privated it's quite a lot to sift through and I'm having trouble finding it, but you can easily find gilded comments like this ---- or this that can help you. As you would expect he was mocked for his investment.
At the end of December this was published and it vindicated his theory. (Edit: Seems as if the article is now behind a paywall (Also to correct myself, he bought up a large portion of the available stock not half).
I really wish I would've saved every piece of info I was able to digest at the time but I wasn't fully aware of what was happening. I was in the tail end of the thick of it, some time before Elons "Gamestonk" tweet, and only then had I realized what was happening. A bit after that I was able to gather that this is much more than the short squeeze. The short squeeze definitely over shadows it all and rightfully so, but people are behaving as if GameStop is going back to being a near penny stock after it's all over. If GameStop plays its cards right, leverages its current popularity and combines it with whatever Ryan has in store then I don't believe that will be the case.