This is an automated archive made by the Lemmit Bot.

The original was posted on /r/gmecanada by /u/SDJSP on 2023-10-18 23:32:23.

I see more and more people getting (understandably) frustrated by the recent price action, as the price drops from new low to ever lower new lows. It is easy to tell yourself that ‘the price is fake’, but seeing how the SHF can still control the price in spite of all the hard facts (nearly locked float, very large short interest, positive financial results in recent quarters) and soft facts (positive financial outlook, Ryan Cohen CEO, insiders diamond handing and buying, activist investor base) is tough. It is easy to get angry at hedgies bending the rules and gaming the system and probably doing all kinds of illegal shit without (so far) any consequences just to survive another day. It is easy to be really, really angry and upset right now, and that is a human reaction. Yes, investing 101 says don’t let emotion guide your financial decisions, but we’re no robots – we’re real people who are playing this game against some of the most powerful and ruthless people in the world who have designed the playing field and all the rules massively in their favour.

So if you’re annoyed, disappointed, sad, angry, pissed off right now: good. We can’t all be ‘zen’ all the time - we’re no robots. I get very angry at watching the current price action and as a EU ape, the state of the US stock market is frankly depressing me right now. But in times like this you just have to remember one thing:

Nothing. Has. Changed.

The entire bull thesis behind GME still stands much like DFV outlined it back in 2020. It has been shown time and again that shorts have not closed their positions and will in fact have dug their hole deeper and deeper since early 2021. We have several independent lines of evidence, both empirical and based on statistical models, indicating that apes own the float multiple times over. We have hard evidence (via GameStop’s filings) that apes have DRS’ed around a quarter of the outstanding (!) shares or if you prefer half (!) of the freely tradable float. All that are just numbers, but add to this the generally positive financial outlook of the company, the large chunk of cash on which GameStop is sitting, the fact that 100M are set aside for a possible stock buy back that will become very attractive should the price drop much further. Add to this also the idea that Ryan Cohen himself has tons of cash and I’d personally expect that he will significantly increase his own stake as well should the price fall further.

So the mother of all short squeezes really is inevitable. Whenever you’re annoyed or down looking at current prices and FUDdy posts on the Sstonk, remember the above. But do more: take your anger and sadness and annoyance and bottle it. Nurse it. Simmer it down. Because vengeance is best served cold – when the stock finally pops

Don’t. Show. Mercy.

When the price soars past 100$, picture all those TV show hosts and ‘experts’ smugly trash talking GME. When we pass 1000$, go back and reread all those Motley Fool and InvestorPlace articles you bookmarked at the time. When we pulverize the 10,000$ mark, remember the Archegos and FTX bullshit we’ve been served. When we see 100,000$ in the rear mirror, think of Vlad’s ‘boy from Bulgaria’ speech. When we crack a million $ and billionaires start crying on TV again, lavish their tears and revel in their desperation. When the stock hits 10M just stare at a picture of Kenneth Griffin. When we pass 100M, take out that bottled anger and remember the current price action. Remember how they tried to mess with us and shake us off. Remember how they cheated and tried to crush us like the dumb money vermin they consider us to be.

And then picture your floor price where you’ll be prepared to maybe sell a single share. And make that floor depend on how you’ve felt treated by them throughout this saga. Show no mercy.