Well, Gamestop is pumping out a ton of news lately... They JUST announced and launched their NFT Marketplace... https://nft.gamestop.com And they are doing a 4:1 stock split as a stock dividend. I do believe shit is about to get spicy up in here.
Believe it or not.... Dip. But yeah. I'm along for the ride as well. I read it took months for the stock values to maximize after the Tesla and overstock split and squeezes. I'm in no rush to sell. Hodl.
There seems to be some SERIOUS pressure by the hedgies to keep the price below $130... even now, after hours, there is a TON of upward movement that is immediately being pushed down, or trying to be. Again... this is going to get spicy. The best part is that Ryan Cohen is also allowed and able to buy almost 10 million more shares if he wanted to... so if he came in and did that, on a lit exchange, like he did last time, the price would skyrocket, and that should trigger a shit-ton of margin calls.
The next 2 weeks is going to be pretty exciting... the record date for the spit is the 18th, and it happens on the 22nd. Now this... ACTUAL news for a change, that should naturally drive the price up, if it wasn't so controlled.
This saga has so many pressure points. I am ready to see fireworks. I am curious if Gamestop really will be revolutionizing digital ownership like some speculate. They seem to be collaborating with some big players.
It only matters if the game devs adopt it. Look at Ubisoft pulling paid for games out of Steam. They give zero fucks. They will not care if you have some digital token in your wallet that says you paid for something, if they want to ignore it, they can, and there’s fuck all anyone can do about it. I really think the big changes will happen with Indie devs, because it gives them so much of that financial infrastructure pre-built and maintained by others on a pay-per-use model.
I think the killer app is public investment. Blockchain based stock market. Fully auditable, no hidden fuckery like we’re seeing currently.
It’s pretty interesting. They are doing the stock split as a dividend. They are providing Computershare with the stock, CS then gives the stock to those that are direct registered, then the rest go to the DTCC to divvy up to the market makers and brokers. The dividend is in stock, not cash in lieu of, because that is a taxation event. The stock is not. We will see if the shorts have indeed covered or not soon.
I know, it’s also a sly way to get “dividend” and “stock split” into the same headline. Ryan Howard seems like he knows what he’s doing. For the most part. Edit: “Cohen” not “Howard.” (I’ve been binging The Office this week.)
That's a dream. The current system is a nightmare. Free market my dimply ass. The stuff market makers and HFs do, all the exceptions to all the rules and deadlines that they almost seem to make up as they go along. It's a casino and retail exists to be fleeced.
The ODX, Osaka Digital Exchange, just launched a couple of weeks ago. It is just that… a fully regulated digital asset (including stocks) exchange. https://www.odx.co.jp/en/
That is amazing, I had not read about that yet. I read that Japan was getting involved in NFTs but did not know that they had a full-blown exchange designed. This just shows that it can be done.
Don't worry about the ODX, exchanges for real stock markets is about the one thing my company hasn't fucked up on lol
Anybody looked at Archer, Joby, Lilium, Beta Technologies? It seems like only one of them is going to be preferred dominate the market, but which one. I know UPS is already using Beta for trials and medical deliveries, and Archer and Joby are likely a different target sector for replacing helicopters and taxis. But, it seems like investing in one of those now would be good. I know that the interstate system is a clogged mess of truck traffic that's just getting worse, and there has to be a different solution. I think we've reached max return, so the goal has to be reducing the traffic on the lanes instead of just adding more lanes. Bullet trains are not the answer.
That is hilarious... because most of retail can't trade right now, while the split gets finalized (T+2 days) , so what you are seeing is the AI trying to cause panic. And I'd hardly call a 6% drop a "tumble". A ton of MSM outlets are reporting "GME down 75%!" Yeah, no shit, fuckwads... we all got awarded 4 times the shares, and the price was adjusted to be 1/4 of what it was.