this post was submitted on 16 Oct 2023
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DRS Your GME

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The price drop is because of market manipulation and the current price doesn't represent fundamentals. We all know GME is worth more.

But the price has been gradually decreasing ever since the January 2021 sneeze and this thread over at SS suggests the line reaches 0 around 1/1/2024.

https://www.reddit.com/r/Superstonk/comments/179hajz/wild_the_current_regression_fit_from_june_14th_of/

I don't think it will actually hit 0 but I know I'm going to be buying more in November and December.

Point is don't let this rattle you. I bought my first share at $448.30 so why wouldn't I buy more at $1?

The finish line isn't out of reach any more. We're going to lock the float, and we're going to do it fast. Buckle your seatbelts.

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[–] mindbleach@sh.itjust.works -2 points 10 months ago (9 children)

Politely stated nonsense.

"My life" does not involve stocks.

Greed and lying are not the same problem as delusion.

Normal stock-market greed works, unfortunately. However many asterisks you want to put on stocks being traded: real people make real money.

That's not what's happening here. This stock is going down, has gone done, and will continue to go down, to the surprise of absolutely nobody looking in from the outside. But you're all convinced that's not the case. You have staked some part of your psyche and your identity on denying a very explicable downward slope. There was a hot minute where things went sideways for some jerkoff millionaires - two entire years ago - and then, it stopped. What's happened since then is mostly a precipitous decline with no bottom in sight.

The actual business you proudly own a tiny sliver of is not doing much actual business. Their industry is kind of fucked. Like, the general concept of buying video games at a physical location, might end. I don't want that to happen - but what I want doesn't decide what's real. Not even if I poured umpteen hojillion dollars into a store that desperately relies on a particular outcome. Y'all did that for this company, and with all your money and attention, they're still going to wind up bankrupt and delisted in the foreseeable future. At which point your genuine notarized fraction of a real company will be worth literally nothing, instead of what it's worth right now, which is damn near nothing.

There is no reason to expect the next rise will be higher than the last. There is no reason to expect the next dip will be temporary. None of you have even tried to argue otherwise. You insist on your conviction - but the accusation is, you are acting in blind faith. Conviction is not a counterargument.

[–] jersan@lemmy.whynotdrs.org 5 points 10 months ago (3 children)

sounds like you've got it all figured out

[–] mindbleach@sh.itjust.works -5 points 10 months ago (2 children)
[–] RCisthename@lemmy.whynotdrs.org 4 points 10 months ago (1 children)
[–] mindbleach@sh.itjust.works -3 points 10 months ago

I don't think you know what that word means.

Goading people with smug nothing is an attempt to provoke a harsh response. I've been detailed and consistent, and I keep asking for literally any example of one specific thing you reeeally ought to have in abundance, and y'all just posture for one another.

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