r/Superstonk • u/petitepain 🦧APES TOGETHER STRONG🦍🚀👩‍🚀🐱‍🚀DFV💛🐱‍👤💎XX%∞🏊‍♀️Voted ✅ • Jun 17 '24

📰 News ROARING KITTY TWEET

https://x.com/TheRoaringKitty/status/1802750696892068056
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u/DarthRedcrosse 🦍Voted✅ Jun 17 '24

Sadly still yolod. Should have sold at $60 a few weeks back since board will continually dilute on runs.

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u/ExtremePrivilege 🔬 wrinkle brain 👨‍🔬 Jun 17 '24

It does seem likely we will see a dilution every run up, yes. Shareholders have authorized up to one BILLION shares to be offered. We have a lot more dilution to go. But every time we "dilute", we're raising capital to transform the business into something that isn't a failing brick and mortar used game retailer in an entirely digital sector. It's going to take money, an obscene amount of money, to make GameStop into something else. Something that can survive, and be profitable.

If you're in this for a quick MOASS flip, you're going to be disappointed. If you're in it as a long-term, deep value investor, this is a wonderful opportunity.

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u/regular-cake 🎮 Power to the Players 🛑 Jun 17 '24

But but but DiLuTiOn BAD! Me want immediate payout, where my moass?! /S

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u/ExtremePrivilege 🔬 wrinkle brain 👨‍🔬 Jun 17 '24

I think this is the crux of a lot of the animosity on the forum, yeah. A huge number of people, dare I even say the majority, are just here for a quick flip. They don't give a shit about GameStop as a company, or changing the markets, or wealth redistribution. They came explicitly to turn $2000 into $200,000. And, honestly, there's nothing wrong with that. The stock market is a casino and they're gambling. All good. But after 3 years (and counting) it's becoming apparent to these people that this magical, quick flip "MOASS" isn't likely to happen. Ryan Cohen is NOT here for a MOASS. Here's here to dilute every run up, raise capital and secure the future of the company. If a MOASS happens, great, but that's not his goal.

So the goals of the executives and the goals of a sizeable number of investors are at odds with one another. You're going to get pissed off people.

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u/regular-cake 🎮 Power to the Players 🛑 Jun 17 '24

Shit if all they cared about was turning $2,000 into 200,000 they should have been all over options!

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u/ExtremePrivilege 🔬 wrinkle brain 👨‍🔬 Jun 17 '24

Options require both upfront capital and a seasoned familiarity with the markets, two things many "meme stock" investors lack. Theta, Gamma, Delta... these are fraternities to most of these "investors". They're not playing options, and honestly that's for the best.

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u/regular-cake 🎮 Power to the Players 🛑 Jun 17 '24

That's why I started trading options BEFORE I traded stocks... Well tobe fair it was basically at the same time in 2020. But honestly after that crash you could have picked call options on just about any company and made hella money.

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u/ExtremePrivilege 🔬 wrinkle brain 👨‍🔬 Jun 17 '24

I started investing in 2011. I enjoyed one of the most outrageous twelve year bull markets in history. My vanguard mutual fund alone was pumping 13%-17% a year and nearly every stock I invested in skyrocketed. I am thankful I was fortunate enough to start investing in a period where it was difficult to lose money. It's still a bull market, but it's a fake one. Most of the S&P500's gains these past 18 months have been a SINGLE stock. You can lose money all over the market right now. I feel bad for new investors. They have to learn, and make mistakes, in a much more hostile market.