Hey! I’ll admit I’ve slept a bit on the status of DRS estimates between the quarterly report numbers… thank your for taking up the mantle of providing this data!

Maybe if you have a fever, and the only prescription is more DRS

(sorry, couldn’t resist)

I’ve been going with Liquidate Wall Street personally

Thanks Miller!

As if the implosion of untethered corruption weren’t reward enough!

In more words: there are a spectrum of possible outcomes, but I do think there is a significant possibility that in attempting to deliver the underlying securities and thus closing out net short positions, the market price would go astronomically high, and that some of that could be paid for by liquidation of other institutional assets. I don’t have enough confidence in capitalist financial institutions to assign high probability to “full” payouts at MOASS market prices, but even “merely” the destruction of exploitative wealth hoarding necessary for a partial payout would result in more financial equality and less financially-driven social dysfunction, which is motivation enough for me. (Also worth keeping in mind that the exposure is not limited to individual short parties, but also to all members of the relevant clearing/depository organizations, pursuant to the rules of those organizations and their own individual self interests.)

Disclaimer: I have not watched “This is Financial Advice”, so if I miss something that’s covered there, my bad. Maybe I’ll have time to watch it someday, but that day is not today.

Your skepticism is understandable. However, my expectations around future GME (the security) prices are not fundamentally about expectations around GameStop (the company). All GameStop needs to do is not go bankrupt (which they are doing quite well based on their cash on hand), and any future business success / profitability is just icing on the cake.

Rather than betting on some unimaginably successful 1,000x business transformation, I am betting against Wall Street. Fundamentally, valuation of securities works on the assumption that shares are fixed in quantity (or only created/destroyed by equity-preserving events by the issuer). With the ubiquitous rise of online brokerages, security entitlements, high speed trading, and a derivatives market that far eclipses the value of the underlying assets, that assumption is flawed and regularly abused by Wall Street to extract huge sums of wealth from investors and issuers. At the same time, Wall Street is laxly regulated and hugely greedy, and has no qualms about putting itself in risky situations for short term profit with the assumption that problems will be fixed down the road. Unfortunately for them, that situation has been threatened since the events of January 2021. Since then, all the evidence I’ve seen suggests that the financial institutions, many of them mutually liable for each others failures under the DTC or other organizations and settlement agreements, are regularly engaged in kicking the can down the road and perpetuating net short positions. However, since 2021 investors in GME have started removing their shares from Wall Street, meaning that eventually accountability will be required for naked short positions and then true price discovery can occur. Until then, price fluctuations only matter to help me understand how many more shares I can acquire.

Ah, my home state!

Here here

The whole NFT thing was dead on arrival

I think that’s a bit premature.

While I’m sad that they shut down all the shareholder requests for an NFT dividend (for now), I still think the need filled by NFTs in gaming is undeniable in the long term, so I’m not ready to call the NFT marketplace dead yet. I imagine it would be pretty awesome if you were browsing in your local physical GS and could see and buy in-game assets right there in-store!

Who knows, I’m not sure if it would even get on his radar

Whoa, this one is pretty unique with both of the numbers worked in there! Super cool :)

Fidelity posting and then taking down meme stock guy with the purple circle was such a tell. Thanks for another great timeline post!!

DWACing shares? What a mad lad

who is either a freaking genius or absolutely insane

I technically agree with this statement, and not the genius part

Thank you for being a consistent contributor to the community!

Copy paste works for me in the web UI from chrome

Dunno about the wefwef client, but you can just go on the desktop web UI and it has the stats in the sidebar. The instance has 624 users, 130 monthly active users, and this community has 715

Edit: also, we have guides here: https://lemmy.whynotdrs.org/post/33703 . Would you say they need more detail anywhere, or just to be posted on the website?

It really is that simple, isn’t it?

(I guess 401(k) becoming actually promoted by law helped too)

Location: suburbs of Chicago, IL

While I usually live in NC, I am visiting family. In this particular brand of suburbia, every single day the streets are alive with the sound of gas powered lawn mowers and leaf blowers. While I watch the news drone on about petty celebrity drama, the graph breaking upward trend of ocean temperatures elicits barely a word from any news source, and people carry on paying to burn gasoline to make already short grass shorter and move the cuttings around.

Hey! Little setback recently for the ~600 apes who had their IRA’s with Mainstar trust. Other than that, I see many apes continuing to slowly build DRS positions while 160-year old investment banks fold and are force sold over the course of a weekend. When US student debt stuff resumes in October, I think some shit is going to start hitting the fan…