this post was submitted on 07 Jun 2024
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DRS Your GME

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Help me understand (lemmy.dbzer0.com)
submitted 5 months ago by UnrefinedChihuahua@lemmy.dbzer0.com to c/drs_your_gme@lemmy.whynotdrs.org
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Not a shill, I'm a Jan 21 ape that is mostly DRS'd and still holding.

When AA and AMC were selling shares we were vilifying them.

How is another 75 mil share offering by GME any better? I feel like they're giving the shorts a chance to unwind.

Help me understand, I'm smooth af.

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[–] PrecisePangolin@lemmy.ml 2 points 5 months ago

I’m smooth too so take this with a grain of salt. This is long term bullish. They aren’t going to let the price go too low, they’re just slowly stacking cash for future plans. Shorts didn’t even begin to close on this run up. It was simply a gamma ramp and those long dated swaps that all stacked up around June. This allows GME to take advantage of the temporary price volatility. Not financial advice.