How is GME at its current, relatively minuscule market cap compared to these other two, lumped in as one of three companies that are โthe entire stock marketโ? Especially with less than 30% institutional ownership?
Can anyone explain how that is possible other than a metric fuckton of unrealized/unreported shorts/swaps/derivatives? Or did someone just say the quiet part out loudโฆagain.
GME big. Apparently as big as Apple & NVIDIA with itsโฆ ~$10B market cap? Itโs a wild statement that can be one of two things: a wild statement detached from reality, or a Freudian slip that GameStop actually is important and something actually is going on with the stock.
At $28.70, GME has a market cap of $12.2B. it would need to jump by a factor of 246x to be worth $3T+. That equates to a GME share price of $7031.50...
While we here in superstonk firmly believe gme is a major player in the stock market and could lead to a collapse of the financial system due to repeated naked shorting and doubling down on bad bets by certain large players... I would take anything from zerohedge with a grain of salt.
Well he isnt in the top five because they are reported and the 4th and 5th only hold .03%, so it is safe to say he doesnt have a significant stake in nvdia
Bit not a significant part of the company. Dude said significant shareholder.
Looks like RV Ventures is worth about $1 billion as of June 13th. So I guess there is no point in arguing.
Looks like RC is worth $4.2 billion. Estimated by Forbes 4 days ago. So he definitely doesnt own a significant portion of NVDIA.
~$1.03 billion is in GME
~$328 million in apple
So around $3.7 billion that I could find information on. So yea, I guess he could have about that amount in NVDIA? I guess I dont understand the other guys point though. We already knew he was a billionaire. His net worth is going to be fluctuating a hell of a lot since he is in gme with a hardon. So if he doesnt own a significant stake (as in portion of) in NVIDIA, what does it matter if he owns some? He cant change the course of the stock with that small of an amount, not politically like changing the board, or by him selling his stake, like you said, a $3.2 trillion dollar market cap is huge so a couple billion would be drops in the ocean and wouldnt move the stock at all.
So yea, if he owns any NVDA, it is an insignificant detail.
Let's just assume, for fun, there really are 2billion shares shorted. 2 billion short shares at $30/share is $60 billion plus the actual market cap or roughly 11B gets us $71B. No where close to NVDA and AAPL's market caps. If we assume there are enough naked shorts to bring GME's market cap to the likes of NVDA and AAPL, then we are looking at 100 billion naked short sharess.
I'll broker a deal... investors receive $10,000/share in exchange for wiping the short positions, but investors get to maintain their shares. This is contingent on reform for shorting (such as eliminating swaps), and key players going to jail for market manipulation and intentionally abusing the market.
Iโd sell my shares for $10,000 a pop if all the motherfuckers went to jail. But that includes the likes of Chumbawumba, Cramer, Gasparino, and other clowns of that ilk. Iโm talking 30-40 guilty bastards locked up- then you can have my xxxx shares
Yep. That would be a win, and satisfy the reason us apes are holding to begin withโฆa huge middle finger to the market manipulators and institutional criminal behavior
Found the article to read it... they don't even really explain how GS fits in their argument. They just want to complain about it as "bad financial investing by retail" :eyeroll:
Think it's more figurative than anything. The market is just pure hype, speculation, and "meme stocks". Which by all means, minus the meme stocks part, is true. The market is overly bullish for no reason. It's fucking crazy that its still going up even with no rate cuts. That's probably why it's "dangerous". It's looking an awful lot like a huge bubble about to burst.
I remember that account being called out as a mouthpiece for some hedge funds. I don't know what they are planning, but they tend to just say things that this subreddit already knows, adding nothing new.
I read the article.ย It's just another hit piece shitting on what a terrible buy GameStop is "aside from its pile of cash" and how "unsophisticated" investors are yoloing in with their last bits of cash hoping for a miracle.ย ย
Alright so I actually read the article and the headline is misleading. Author absolutely does not claim GME is important like the other two in its own right. He just treats it as a canary in the coalmine for "unsophisticated" household investors. Basically "when" (he seems to think) GME crashes it'll be because us dumb money have run out money and retail buying pressure marketwide will dry up. That's it. He just thinks we're dumb and running low on cash. Not really an article worth reading and definitely not anything to get excited about.
If only there were some sort of, oh I don't know... rules or... regulations in place that could weed out bad actors and ensure transparency in the markets for all...
This 0hedge back on this sub again? I haven't seen this account referenced in 84 years. This account hasn't had anything of value to say for awhile, All the the sudden this X account get 1.5k upvotes. FUCK OFF as Logan Roy would say.
Honestly it makes me think like I know itโs horribly corrupt but like how has no one found the meteoric rise of nvidia unnatural. That company has exploded and without it radically changing. It has a monopolistic market share of its industry but still it feels like a rug pull and not the next Apple.
I agree. I'm a Nvidia card enjoyer but its valuation is just insane. It's one of Citadel's largest positions, so no doubt they're using it to pad their books against their GME short position.
I think what he is saying is all the money that the hedge funds and market makers owe us for our stocks, are tied up in collateral positions that they hold in Nvidia and Apple.
Once they pay us, those two will likely have a price dump.
Powerful photo...I met with a friend for lunch the other day and let's just say he's a banker in China that's a little bit curious on how the S&P is not weighted. Aka total share count / market cap is overwhelmingly represented in spy because of nvda
This isn't what you think it is, let me quote the article:
And GameStop...well, what better weathervane could their be for the unsophisticated money in the market? As it swings wildly,ย so swing the last few desperate dollars of retail traders, many of whom are trying for one last "YOLO" in the market with whatever little cash they have left. In the meantime, the company remains a loss-making nightmare with nearly zero fundamental case as its foundation, but for the hoarde of cash it now has and may use to acquire bolt-on acquisitions of companies who aren't one step from death's door.ย
Indeed for a company with only a market cap of 8b to have as much of an effect on the market as the other two who has a market cap of 3t, yes that is dangerous.
Perhaps they should stop trying to bankrupt an unbankruptable company and go play golf or something.
Forget about GameStopโฆplease! Iโm sick and tired of yall fucking apes! Please forget about GameStop! Please! Jesus fucking Christ forget about GameStop! /s
Hey OP, thanks for the Social Media post.
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