Remember That SHORTS Are The PROBLEM, Not RC.
I bought GME at $9 a share pre-split. Nine dollars; and i've bought again at highs and lows since then with an average sitting below $20 now.
I want you to think back to what this stock looked like at that price, because I don't think some of you actually remember, or maybe you weren't here yet. It's extremely telling, especially the accounts i butted heads with today that have been deleted/banned since.
Now, to continue, at $9, the short interest on this company was obscene. There were more shares shorted than existed (STILL ARE BY POTENTIAL BILLIONS NOW). The people on the other side of this trade weren't betting GameStop would struggled and go bankrupt. These funds like CITADEL, SUSQUEHANNA, POINT 72, CREDIT SUISSE, UBS, AND SO FORTH, were betting it would disappear completely.
That was the thesis. Zero. They wanted it gone, even Mark Cuban said it loud and clear, and they had the infrastructure to make it happen.
So when you tell me the stock is down from its all-time high, yeah, thanks for pointing out the obvious there sherlock. You must work for cnbc with that level of investigation.
You know what the all-time high was? It was a sneeze when the opposing side lost control, and they're terrified of losing it again as you are currently witnessing.
It was retail grabbing these people by the throat for a moment and showing exactly what happens when you get caught over-short. So, that's not a price target, it never was and the only people using that are bad faith actors or well, not overly educating theirselves.
Comparing where we are now to January 2021 is a bad-faith argument and I think you know that.
To my point, the real comparison is where this stock was before RC walked in, before RK put it on the map, before people like me decided it was worth the fight. From that number (near bankruptcy may i remind you), we're up significantly by thousands of %. Again, that didn't happen by accident and it didn't happen in spite of Ryan Cohen or Roaring Kitty.
What I've watched RC actually do is walk into a burning building, cut everything that was hemorrhaging money, erase the debt that was supposed to be the kill shot, and stack enough cash that nobody gets to pull the plug on this company the way they planned to. You might not find that exciting, but don't confuse boring with failure.... that was survival, and survival was the whole point.
The reason you're frustrated right now, the chop, the sideways movement, the feeling like nothing is happening is not a management problem but rather shorts who never closed and are continuing to double down. They're still here using every tool available to them to keep the pressure on because the second they close, they eat a much bigger loss they've been actively bleeding out on for years. Not RC, but the shorts.
I understand why waiting this long is brutal for those who want instant gratification. Rome wasn't built in a fricken day.
*But your frustration has an address, and it's not Ryan Cohen. It's the people who shorted this company into the ground and have been running from accountability ever since.*
There's no version of this where they close because you asked nicely. Rather they come in here and try to sway sentiment making some of us apes who are on the fence, uncertain. Don't let the oppostion beat you down, you're better than that. YOUVE BEEN HERE FOR YEARS!! YOURE A TOUGH MF!!
They close when they don't have a choice. That means capital, time, pressure, and a consolidated enough position that continuing to fight starts costing more than walking away. That's the only play that's ever mattered here.
So before you write that post, before you go down that road, I need you to remember who started this and how capable you are as a person. It wasn't RC or you or me or our fellow apes. We showed up because the problem already existed. He showed up because the problem already existed.
The least we can do is aim our frustration at the right people.
Know what you own. Know why you're still here. And don't let them win by turning us against the people on our side. Stay zen and keep being the beautiful apes you are.
NFA, just pointing out what hasn't been clearly addressed.