this post was submitted on 12 Sep 2023
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DRS Your GME
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ΔΡΣ Central
Community to discuss the DRSGME.org project and resources, and how to spread DRS advocacy and information to GameStop investors around the world.
Have a great idea to spread the word? There are some resources here to get started!
https://www.drsgme.org/free-resources
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members of this Lemmy instance are investors of GameStop, and more specifically investors here advocate that all investors benefit from directly registering their shares. By directly registering shares of a company that you paid for, you get genuine share ownership. If shares that you paid for are not directly registered but instead held in a brokerage account, those shares are not actually owned by you, they are owned by Cede & Co, the central depository of the Depository Trust Company.
Due to the high stakes nature of the situation surrounding GameStop, investors of GME and advocates of DRS have faced and continue to face persistent antagonism and opposition from many directions, because investing in GME and directly registering shares is against the interests of certain incumbent institutions that have a vested financial interest in GameStop's demise.
For this reason, it is to the benefit of those that oppose GameStop's success that people would view GameStop investors as nothing but rabid cultists, and not as legitimate investors of a legitimate company. It is why they use words like "meme stock". It is why they say things like "Sell the stock first, ask questions later".
Members of this Lemmy instance have been facing issues on Reddit and so we are now here using Lemmy.
lmao gamestop hasn't been relevant for the last 2 years
i get you wanna dedicate your time & effort to something you feel is important but you're just throwing away money unless you're shorting the company
Only a fucking moron would think they would make money from shorting GameStop. You must be a Kenny bootlicker.
Actualy thats a fact that if you have shorted it in the last two years you'd be profitable. Lets stick to the facts. Plz don't bring the cult echo chamber here. For that there is already reddit. Yes I am long on GME, and yes I am deep on the red.
It's so weird that the only way people discuss credibility is based on the chart. That is post-hoc at best, and disingenuous at worst.
People should stick to talking about fundamentals, financials, future prospects, and how that relates to price action. If the fundamentals don't match the price action, ask why.
Right now our best theories involve flaws in market structure, Wall Street corruption, and moral hazard with regard to SROs. Hence the activism portion of our message.
It's stupid as hell to require that the stock price be up in order for us to be viewed as credible. That is putting the cart before a sideways cart while the horse is drunk at a bar.
Well said. Bravo.