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4·2 months agoIf it weren’t for DFV’s comeback perfectly coinciding with the warm-up & run, I’d also be 100% of the opinion this is the prophesied “fake squeeze”. How the absolute fuck did he foresee this run? The movement, volume and speed of this burst is FAR beyond the capabilities retail, even considering DFV.
- Our buys don’t hit lit exchanges
- Options do force buys via hedging, but this has rocketed past 90% of all call positions.
- Gamestop corporate is authorized to buy back 100m worth of stock, and at these prices they’re not getting less bang for their buck at these prices.
- Larry Cheng bought just a few weeks ago and is on the GME board & “investment committee”, so why would he risk insider trading charges?
- Even if so, how would DFV have known Gamestop corporate were buying back stock?
First thought is this is UBS closing out CS’ toxic Archegos bags containing GME shorts, but they’d be foolish to do so with such speed - why not draw it out over time to temper the price & close it out cheaper? Maybe they chose to go first & fast before others with massive short positions have a chance to react & follow suit to survive? But if so, how did DFV have recon on this happening?
Second thought was Icahn - whether finally closing short positions and/or taking a new long position, IEP just dropped an 8K showing they borrowed 500m… presumably for a big move. Like UBS, though IEP would be foolish to do so this quickly - Carl’s MO is stealth, and this run is the opposite. Perhaps his health is in sudden decline and he wants to see the system burn before he departs?
Third, and I think the most likely option, is RC. He is (was?) the largest private shareholder of APPL stock which recently did a buy-back. Did they purchase directly from RC so as not to impact their stock price, leaving RC with billions in cash? What if RC then brought DFV into RC Ventures, or coordinated his move with DFV? I’m convinced RC’s GME journey began with DFV, making this a poetic move.
I think DFV is the new CIO of RCV. Whether the protagonists of this story are attempting a rug-pull or not, the event has finally begun.
All plans use mm exclusively. Airport blueprints, for example, are in mm. At first blush it seems excessive, but it makes sense from a consistency & accuracy POV - 6.096m takes up 2 more characters than 6096 - they don’t even need to specify the units “mm”, because it is assumed, and anything else introduces room for error.
Woodworker in US here, and I prefer metric. Also consider the thickness of plywood is actually in metric now - “3/4” is actually 18 mm but they have to market it as 23/32.
I’ve chosen to join the other 8 billion people on earth.
For anything construction-scale, all supplies sold in the US are based on 4x8’ sheet goods and 16-24" on-center framing. I also concede that king George the 74th’s foot length is more human-scale when dealing with large measurements: 20 feet vs 6096 mm. I still use metric when possible, however - I find it easier and more accurate.
For EVERYTHING else I’ve switched to using metric.
Context: I grew up in the US using imperial units and only pivoted to the metric system in 2020. If I grew up thinking in metric and building supplies/standards used it, it’d be superior in every way.
TL;DR I like my imperial/metric combo tape measure.
Bravo. Simply amazing.
Exactly, I hope he is doing well, both physically & mentally. If this is the result of CEO stress (in addition to his other endeavors & family) I’d rather see him hand the grind to a capable successor, allowing him to focus on bigger-picture plays.
Agreed, with an addendum. We must simultaneously work to reform the existing system AND build a new system. One incentivizes the other, thereby ensuring the outcome & its expediency. There’s growing public awareness, community participation, and current (& future) activist whales with good intentions to kick-start the journey to a better future on both fronts. Needless to say I’m 100% convinced we need non-fungible securities ownership via NFTs or some equivalent system.
The “hard to build things, easy to destroy” truth resonates - Markets should be (financially) incentivized to create rather than destroy, which is why I’m against short selling at all - legit or naked/counterfeit. It is simply too easy to destroy a company & profit from its destruction, either forced via massive short positions or plants/sellouts within a board/C-suite.
You apparently didn’t read what I wrote or comprehend any of its sentiment: “…with Bitcoin possibly being the antagonist to Gamestop’s investment story”. I thought you were simply pumping BTC before, but it appears you’re just new to this game. Put down the megaphone and educate yourself about the subjects you’re espousing before you pick up a megaphone & preach to the choir. I’d also recommend improving your capacity for critical feedback & reading comprehension… although it does appear you’ve arrived at the anti-BTC understanding though, so that’s great.
Bitcoin & Litecoin were the only players in 2012, but Bitcoin wasn’t in the general public’s vernacular yet. My point was that someone (RC et al) likely didn’t edit the PKC wikipedia page to highlight Bitcoin. Bitcoin’s inclusion in that page’s 2012 edit, and no others, was an artifact of its time, and no additional crypto tokens/coins/chains were added (and removed) since, reinforcing the case against someone highlighting bitcoin as a clue to trace back to Jacques Tits.
I was chastising you for highlighting (promoting?) Bitcoin despite every other use of PKC.
As I said, it is an interesting find that Dr. Tit contributed the “Tits Group” concept within the broader “Group Theory” branch of mathematics used in PKC - so good catch. However, PKC’s utilization in e-commerce, NFTs, or even Ethereum (utilized for GME’s NFTs) is far more applicable to Gamestop, with Bitcoin possibly being the antagonist to Gamestop’s investment story, considering evidence suggesting it is being used by financial players as a manipulatable asset (to cover margin?), possibly since 2017 when the price suddenly skyrocketed.
Someone(s) spent a lot of time making a quality Wikipedia page about PKC. Then, per the page’s revision history, someone dropped the word “Bitcoin” to the “examples” list in 2012 - although a seemingly lazy edit at first blush, Bitcoin was just gaining broader awareness in 2012. No other crypto token I searched for was found in the page’s history, meaning nothing else was present but deliberately removed to highlight Bitcoin specifically.
And it’s also possible RC simply included Dr. Jacques’ tit tag as a subtle nod to this community’s “jacked tits” reference from “The Big Short”.
Public key cryptography is absolutely not exclusive to Bitcoin, and appending your title with “Bitcoin” is quite the blunder. PKC is the basis of (almost) all encryption of server-client communication, such as web traffic. That HTTPS in front of https://lemmy.world? That’s PKC. Bitcoin too, sure, but also every other cryptocurrency/token out there as well - including NFTs. It is quite interesting that we can partially thank Dr. Tits for an element of what has become a foundational component of so much modern tech, but in the context of this community I’d say its more relevant to attribute Jacque to the former Gamestop NFT Marketplace & Playr… OR whatever comes after.
This book was published after the planned cancellation of the NFT marketplace. One of the primary questions in my mind is why has GME seemingly abandoned all NFT & crypto-related endeavors? NFTs are the perfect solution for the ability to resell digital games, which is Gamestop’s legacy bread & butter. With Microsoft’s recent reveal of a disc-less Xbox future (and Sony rumored as well), something has to be brewing - with or without Microsoft or Sony.
Yes, I copy & pasted the same comment from the PPShow community, because you posted this there too.
These are direct quotes from DFV in his livestream. He never says where his mountain of money came from - only that it was his.
I’m not sure about the “legality” of lying about these things on a Youtube livestream while trolling with buffoonery, but it’s a possibility. I personally think he was being truthful, albeit very selective with his words.
I absolutely doubt he was able to scrape together 200+ million (after taxes!?) by himself. We were all shocked he had the financial means to double down in February 2021, and I assumed he tapped a massive line of credit when he quadrupled his position just a few months later. Hundreds of millions, however, is waaayy beyond a 3rd mortgage. Note he did NOT say how he came up with his mountain of money, only that it was “his”.
Possibilities: