DRS Your GME

1228 readers

2 users here now

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

founded 1 year ago

MODERATORS

[email protected]

GME is likely to drop below $10 before 2024 (lemmy.whynotdrs.org)

submitted 1 year ago by [email protected] to c/[email protected]

132 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 34 points 1 year ago (2 children)

at $1 per share, the market cap would be about $300 million, far less than the amount of cash on hand that GameStop currently has, not to even speak of RC's personal warchest and the ~ 200,000 DRS'd investors that would be scooping them up at that price.

Personally I don't see how it would be possible for the price to go that low, but if it did I would be buying as many as I could.

[–] [email protected] 25 points 1 year ago

We would lock the float very quickly.

I think Q3 is going to be profitable but I don't think the price will rise after the earnings call. Instead I expect more BS from the MSM and the price will plummet in an attempt to break the ape's hold on the stock.

They're just digging their own grave. This trajectory isn't sustainable. The rate of DRS is just going to skyrocket.

[–] [email protected] 11 points 1 year ago

Why GameStop won’t buy back shares anywhere near these prices.

tldr: a share buyback is not needed and if the price of shares is inevitably going down then let the price get as low as possible, and only then a buyback would be a good move