@elonmusk
@EvaFoxU
@SECGov
Ser, most of us have lost count how many securities law violations you've achieved in the last two months. Clearly no one there is home.
The part of the Melvin Capital story that bugs me the most is the ceaseless gaslighting by media that 'rabbid Redditors took him down'.
Clearly there was an embedded risk management issue.
In their GameStop trade (which was up ~80-90% at various times from initial short 1/x
@ryancohen
You may remember this one from when we got
#WeWantCohen
trending back in December 2020 after management lost shareholder support :kekl: :alwayshasbeen:
GameStop closed at $3.76 on my birthday last year. What a year it has been. Congratulations to the OGs, 🦔s, and all investors that put in the work. Cheers all!
I still have to laugh at the fact the company diluted shareholders by <5% and simultaneously raised more than twice what the company was worth before
@ryancohen
disclosed his first 13D.
#NotSoEfficientMarkets
One year ago today, Sophos purportedly closed their ~8M share $GME short, helping send the price surging over 100% intraday as Ryan Cohen’s bloodless coup Sunday board settlement claimed its first victim.
One year ago,
@TheRoaringKitty
revealed himself to be u/DeepFuckingValue … what transpired over the next ~30 days would change the world forever. Cheers, my friend.
GameStop isn’t like Dogecoin because one remains a deeply misunderstood player whose business prospects are bright led by a dream team of e-commerce & customer obsessed execs...and the other is a shitcoin
Ken Griffin on Clubhouse tonight said he downloaded a game on his Xbox and that is why GameStop will see the same fate as Blockbuster.
I guess he and Gabe still are unhappy about how wrong they're being proven while ignoring the transformation. Gotta get some better dd, gents.
@ryancohen
Well at least this makes it clear, mostly you’re stirring the pot.
Btw the customer service in the stores & appearances have been much better the past year, good stuff.
People don’t realize... GameStop analysis & research was a second job.
This is why the OGs who put the work in are so worn out & frustrated by the media’s shallow portrayal.
I’ve done my best to set the record straight w pods/interviews.
There will never be another GME.
Jim Swartwout, Robinhood’s President and COO, is both trading on MNPI and tipping. This isn’t a gray area. This is black and white.
If this doesn’t matter, nothing matters.
#BITFD
I joke around on here a lot, but I'm dead serious when I say if you have money you cannot afford to lose 'invested' in $AMC, please take a serious look at what the CEO is doing () and reconsider the choice of where you allocate your hard earned dollars.
Finished the "Game Stopped" documentary... kind of blows my mind they failed to mention
@ryancohen
even ONCE.
I hope follow-ups do a better job digging into WHY the market began rapidly re-pricing GameStop over 2H20 and not just shilling a David vs. Goliath facade.
#WeGotCohen
Seriously,
@Twitter
, why is
@GMEdd
shadowbanned?
The fact that the handle generates as much engagement and active participation even being banned from top search results and various ways in feeds speaks to the fact that real people value our work. Do your own due diligence.
GameStop closed at $254.13 today, up ~100x from a $2.57 all-time low last year.
It's unfortunate the deep pocketed parties that were incorrect in their fair market value assessment refuse to acknowledge their poor analysis and risk management practices.
What a clown. I was happy to explain the actual fundamental based bull thesis for GameStop to this guy months and months ago—like when he called up management begging them to issue shares at ~1/5th the current price.
Jimmy Shill needs to stop.
WSB, keep your fire power for $AMC and $GME. There is too much money being lost on your other names. You might not be able to keep buying AMC or GME up here if you keep this up. Just sayin.
If the price of $HOOD were to rise too high, too fast, and Robinhood lacked clearinghouse collateral… it would be hilarious if they removed the buy button from their own stonk
It's so sad that the
@Twitter
shadowban of
@GMEdd
is so extreme that they've rendered the account nearly inaccessible for people that want to follow along with our research that has been published in multiple analyst reports & media outlets. Shame on you for weakening discourse.
GMEdd․com Co-Proprietor
@RodAlzmann
spoke with Bloomberg Quicktake to discuss GameStop's plans to launch an NFT Marketplace later this year.
“GameStop has millions of PowerUp Rewards members, if they can onboard any percent into the marketplace, that’s a competitive edge.”
In January, the officially reported short interest in AMC rose by 13.8%, from 94.8 million short shares on Dec 31 to 107.8 million shares on Jan 31. I still have an interest in 2.3 million AMC shares. So, I hope those short sellers are wrong, wrong, wrong. Only time will tell.
Millennial activist strikes again:
Cohen's $BBBY letter:
Love: "....we do not place significant emphasis on any one quarter or any one year when evaluating a business...To the contrary, we are maniacally focused on the long-term.
Heard my boy
@TheRoaringKitty
told Congress he likes the stock, and bought more of the stock. Legend.
I'm really liking what I've seen from a personnel perspective the past few weeks.
GameStop is poaching talent from the best — Amazon, Chewy, Facebook, Google, & more.
LinkedIn indicates over 30 new hires from high growth e-commerce stars.
GMEdd discovered the motivations as to what would compel someone to make such a career move.
The GameStop Wallet (L2) grants users significantly lower fees than leading competitor MetaMask (L1).
An $11 transaction on MetaMask can cost the user between $10 and $19 in gas fees.
That same transaction on GameStop Wallet?
22 cents.
I have no idea if anyone will see this tweet. It seems like any interactions with the exiled G M E D D handle are being shadow banned to the nth degree.
@matt_kohrs
@Benzinga
@business
No, it’s a reminder that you all are relentlessly focused on the nearly insolvent movie theater company and not the video game purveyor amid a legitimate digital transformation. 🤤
lol that movie token place never even had a huge short interest. Craziest psy-op ever. I genuinely feel bad for those suckered in losing money they couldn’t afford to.
The revised
@GMEdd
bull case price target is comparable, $1,069. Execution has to happen, but too many clowns keep thinking this is the GameStop of yesteryear...
Did I just hear
@HedgeyeRetailJM
say that a bull case on $GME from here is pushing $1,000?
Not the call we're making rn, but be careful if you're one of the many institutions calling us saying that it's time to short it on 'valuation'.
GME Black Book TODAY
We have to thank
@CitronResearch
for this. Without their foil the
@GMEdd
team wouldn’t have built our report & model. Newton’s third law on squeezeroids.
Honestly in the entire $GME saga the most confounding part (to me) remains what happened in late February...unfortunately this falls outside the scope of the report :
You know, as the sitting CEO of an NYSE-listed company, I could never say publicly what is in NorCal’s tweet, not in a million years. But, hey, I can’t stop you from saying it.
#HaHa
. What I can say to those who doubted AMC’s investment in HYMC….
#CHOKEonTHAT
While is currently overrun by a zergling rush of interested readers, I will share with you that the revised $GME bull case price target does yield an $80B market cap.
“We were able to buy back less than 1% of our outstanding debt (not including lease liabilities!) using capital we raised from rampant dilution. This helps me spin a yarn to maintain a grossly inflated share price before I dilute you more next year, progress!”
We were able to buy back at par $35 million of
@AMCTheatres
’ most expensive debt, with its 15% interest rate. That saves us more than $5 million of interest cost annually. Progress is made when you take big steps or small steps. The important thing is that you are moving forward.
the end of Melvin Capital was not a purely unfair turn of events for a leveraged trader that leaned hard on his shorts & bet hard on high duration tech/HF hotel favs. It was a self inflicted failure to manage risk prudently that build up over years. 6/x
How mad is Anthony Chukumba going to be when GameStop's NFT marketplace opens up over the next few weeks 🤣
"To liken this to an Internet startup is an insult to Internet startups..." - Mr. Nonsensical
First there was u/DeepFuckingValue… revealed to be
@TheRoaringKitty
on Christmas 2020. Now we have BiG Fucking Value: $BGFV the ubiquitous Reddit YOLO play of u/Sir_Jack_A_Lot & his pursuit of $10M. What a time to be alive:
I’m a blockchain noob, but so far I’ve been impressed by the ongoing influx of talent throughout their organization. Seems like a major product launch is any day now. There’s so much more to this ‘meme’ than one week in January.
GameStop has posted a job listing for a Blockchain Mobile Product Manager, stating, “At GameStop we value ideas over status quo and innovation over structure.”
The listing goes on to state that the blockchain team is growing quickly to empower users in the world of web3.
George Sherman has resigned from GameStop's board, effective immediately.
Matt Furlong has been granted Sherman's seat.
Furlong, a former Amazon executive, was hired as CEO as part of Ryan Cohen’s plan to expand e-commerce initiatives.
GameStop now trades at a ~3x price to next twelve month forecasted sales...
Remember when Melvin Capital didn’t close out their winning short when the P/S was <0.05x?
#NeverForget
We’ve been working for years to be able to make this announcement. Next week, we introduce at most of our AMC-brand theatres Impossible™ Nuggets! With crispy breading on the outside, and a tender juicy bite on the inside, it’s hard to believe they are made solely from plants.
Instead of trying so hard tarnish an innocent man (
@TheRoaringKitty
) like most of the media has done since January, maybe… just maybe, we’ll see some truth shed from the Gensler report.
Not holding my breath. Those that know the truth were vindicated long ago.
SEC report basically concludes that GameStop rapidly re-rated in January after experiencing one of the fastest shifts in sentiment in modern market history on the tail of the RC Ventures settlement. Price remains above our bull case many months later. You're welcome. CC:
@GMEdd
Dipped my toes back in Loopring this afternoon, ~55% below my exit in early January. Speculating there's some news coming 2/22/22, perhaps even tweet
#69
...
“Now it is obvious the negative thesis was incorrect in all respects. GameStop turned out to be solvent, the streaming threat was overblown and the lease obligations for its retail stores were manageable.” -
@firstadopter
Just as degenerate gamblers like Bill Hwang shouldn't have been able to accumulate insanely sized ownership positions in companies w/ no disclosure via TRS, shorts like Melvin Capital should've never been able to short a plurality of a company's shares w/o disclosure. Wen fix?
Pretty incredible seeing people still defending Melvin Capital as the ‘victim’ (& not their abhorrent risk management practices) when they simply never updated their GME thesis.
They were right until the market realized they were wrong. Then came FUD & bot campaigns. Then -54%.
It's really strange signing off a work computer for the final time. Two multiyear stints at Fortune 500 companies down, time for something a bit more intimate...
Sleek page that'll yield solid GameStop Wallet conversion for $GME. Eager to hear more about early metrics from the company come 2Q remarks!
Congratulations to everyone on the team at
@GameStop
&
@GameStopNFT
on the launch, doesn't appear DOA to me 😉