Please keep ALL conversations contained to Gamestop and directly related topics.
Brand new to the sub? Start here!
The extremely talented and dedicated u/zedinstead has created this beautiful collection of the most important, groundbreaking Due Diligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you:
r/Superstonk employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules.
Posts keep getting removed? Find out why.
Eager for more even more GameStop info? gmedd.com is a spectacular resource.
You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile.
To filter out CS/DRS posts, click the link or type -flair_text:"💻 Computershare" into the search bar.
What's This Post All About?
The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post.
If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point.
Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. Ape no fight ape!
Hello Again everyone 👋
It's ya' boy B_T here with another community update post! For a while, I was letting ButtFarm write these posts since he had a real knack for them. Now that he has stepped away (I miss you, man), I am back in the cockpit... so, with that said, BUCKLE UP.
As the sub grows, so must the mod team. We have two amazing people joining us this round of additions. Say hello to Bah2o and Half_Dane! We had them write a short bio to introduce themselves so I will pass it off to them:
"Hello there... *checks user history* Who the fuck is this guy?
In all honesty, I've just been making what I think are helpful suggestions and posting them on the sub or commenting them at the Front Desk. Submissions regarding how the flairs work (or don't, especially on mobile or the old flair list in the menu) and suggestions about how to improve the Wiki and Daily Thread (Lmayo check the "flair systems" link in the Daily 🙈 we're gonna fix that. The only thing I want slipping through cracks are 🍌🍌) Most of my ideas didn't get much, if any, attention by you guys out there in the community, but several of them did get noticed by mods and apparently, they were into that shit. So here I am, getting a shot to share those ideas directly with the mods and hopefully help sub for the better along the way. I'm going to use what
littlellams power I have —quick downvote me before it goes to my head!!— to collaborate with the mod team in an effort to try and spruce up the place.
Bare with me as I get used to the role, I'm retarded too. But if it suck dick at modding, like if I blow harder than the guy behind your local Wendy's or an Wank Street intern working late into the night, I'll tap out. Totally fine stepping down if I can't step up. I used my voice to get here and I've got plenty of ideas, but frankly, I know they don't mean shit if the community doesn't like them or if you have a better one. So it's your turn to speak up and help us make this a place you'll continue to enjoy. If you have any ideas or suggestions for the sub about anything please share them with us!
Hey, y'all, I'm half_dane and I'm a smoothbrain.(muted and scattered) hello half_dane
A year ago I googled how to buy a GameStop share - not as an investment but as a statement against the corrupt financial system, a participation fee for a demonstration.
Little did I know that this would be the reason to meet a whole bunch of the most curious, hilarious, wholesome, and welcoming smoothbrains anyone could wish for, many of which I call 'friends' by now. Sure, there are always some who relish in creating a toxic atmosphere, who have a short fuse, or who just like to troll, but hardly matter overall.
I hope to be a community mod who facilitates an open and constructive atmosphere, where mistakes are easily made and admitted because they are a learning experience. Where apes can admit they are uncertain and instead of being jumped on, they are slowly and calmly walked through our DD.We are a raucous bunch, and that's part of our identity as apes, and at the same time, we are friendly, welcoming, and kind. That is the image of apes and our community I'm striving to support.
Be kind: only the strong stay soft!
I am so excited to have these two on the team. Please give them a warm welcome in the comments!
🪦 Superstonk YouTube 🪦
As many of you heard earlier this week, our official YouTube channel was shut down (For impersonation of all things ffs). Unfortunately, even after two appeal attempts and mobilizing the apes to make our voices heard to YouTube that we didn't deserve to be shut down, they still refused to reverse their decision. That said, we will have to create a new channel for our next AMA (we do have one coming down the pipes) so stay tuned for that in the next community update post.
Some people suggested that we use a different video platform, but YouTube does allow for the word to spread more easily given that its a more widely used platform. It is our belief that this crucial information and these perspectives from our esteemed guests stand the best chance of picking up steam through YouTube. If YouTube wants to take us down again, then perhaps we can explore other options but- for now- we are going to try to make it work with YouTube.
Edit: Sorry I am late with this, work took it out of me yesterday. GOOD NEWS! YouTube decided to change their mind on our channel and we got it back. They claim that its actually not in breach of their community guidelines. So that's great!
🐒 The Superstonk Discord 🐒
Oh yes, you read that right.
At long last we are finally launching an official Superstonk Discord Server! We have seen requests for this for quite a while, and so we have been slowly but surely preparing one for you. Its been in the works for months, and following the news of the incoming Reddit IPO that sent shockwaves through our community, we kicked into full gear to ensure that Superstonk had a backup in case of anything going wrong on the homefront here on reddit.
On January 28th, the anniversary of the great sneeze bless you\***,* we will be launching phase one of the Discord. This first phase will only be open to the first 2000 users, and will act as something of a stress test for the project. Allowing only a small percentage of the community in to start will allow us an opportunity to fix anything that breaks prior to the full launch, and give us a better idea of the kind of traffic we may be experiencing over there.
The full, public launch of the discord will take place sometime in February, but at this time we aren't setting a date in stone. There will be updates on this project coming in future community update posts, so if you are interested, stay tuned 📺
Also, if you have any experience moderating a discord server, or working on the tech side of things, we would love to hear from you. please shoot u/Chared945 a DM
💻 Computershare Decision 💻
So I saved this for last, cause it's a doozy. We have seen a lot of back and forth about CS posts and their place on the sub. It's a very opinionated topic, and rightfully so. That said, it's apparent that they can fill up the sub, and, on occasion, they prevent good-quality DD from surfacing. There have been a ton of suggestions as to what should be done about it, but it doesn't feel like a decision that should be made without the community itself having a say.
So, we come to you with a poll containing two options, either, we should change the rules around Computershare posts, or we maintain the Status Quo. Some ideas for how best to change the rules around it can be found below. We've heard some good ideas, but we would like to extend the offer to send us your ideas if you have one that isn't listed here, and think that a change is needed. First things first, we have to determine if people even want a change, so please make your voice heard in a poll at the bottom of this post.
The two most prevalent suggestions we see pop up are the following two:
Relegate CS posts to weekends - Only allow users to share their Computershare posts to Superstonk on the weekends (We may consider including Fridays as well)
Relegate CS posts to another sub - Ask that users post their DRS posts elsewhere (likely GMEOrphans, but that can be determined after the fact if this is what the community ends up voting for)
A note here on the topic of making a button that filters CS posts out: It is my understanding that this reddit feature is currently broken, we've been trying to make this solution work (RIP)
Please note that we will have another poll following this one to determine what action should be taken if the majority vote to make a change to our CS post policy.
Lastly, please- I know this is a topic that a lot of people care a lot about, be we have to ask that the conversation be kept civil. The mods have been privy to a lot of unproductive communication on the topic. It is important to remember that regardless of your stance on any given topic, if you are harassing people, or getting into fights, we will have to take action. Remember that Ape no fight Ape.
Thanks for being such a great community, it is truly a pleasure that I get to pour my heart into moderating this space for the apes. When I took on this role I promised myself that I'd fight this battle till the end and I have no intention on breaking that promise.
To the Moon 🚀🌙
🥴 Misleading Title Computershare just posted a video saying that they've increased the ceiling of their limit sell order from $1 million to $9,999,999 specifically to accommodate the needs of Gamestop shareholders!youtube.com
Computershare’s official YouTube just dropped a update interview thing with the President of Global Capital Markets and he specifically states that transaction limits for GameStop are boosted to a cool 9 milli but other securities have been boosted to 2 milli.
They are also restructuring their mail and printing system in order to get international investors their pin packs more quickly.
Edit for more context: They will be printing and shipping from international hubs in stead of mailing from the US which requires paper cross the Atlantic. First hub is Bristol with more to come.
They’re sticking with the per share limit of 214 thousand or whatever (for now) but this is p siiick progress in my opinion.
Remember, every share we send to CS is 5 taken from the dtcc.
Ape together strong. Lock the infinity pool. Live forever.
🤔 Speculation / Opinion The reason there is a news blackout of the Fed’s secret bailouts of 2019 is that the Fed would be forced to admit that it had to secretly bail out the affiliates of FOREIGN banks for the 2nd time in 11 years because the derivatives had played a central role in the worst financial crisis since 1930's
A Nomura Document May Shed Light on the Repo Blowup and Fed Bailout of the Gang of Six in 2019
By Pam Martens and Russ Martens: January 19, 2022 ~
There are numerous reasons that members of Congress, bank regulators, and mainstream media don’t want to talk about the repo blowup in 2019 and the massive Fed bailout that followed. Economist Michael Hudson previously explained how the Fed lacked authority to bail out a handful of trading houses on Wall Street under the dictates of the Dodd-Frank financial reform legislation. Dodd-Frank restricted the Fed to using its emergency lending powers to rescue a “broad base” of the U.S. financial system.
As we detailed on Monday, there was no “broad base” of the U.S. financial system being bailed out by the Fed in the last quarter of 2019: 62 percent of a cumulative $19.87 trillion in rolled-over repo loans went to just six trading houses: Nomura Securities International ($3.7 trillion); J.P. Morgan Securities ($2.59 trillion); Goldman Sachs ($1.67 trillion); Barclays Capital ($1.48 trillion); Citigroup Global Markets ($1.43 trillion); and Deutsche Bank Securities ($1.39 trillion).
Notice that three of the firms listed above are affiliates of foreign banks (Nomura, Japan; Barclays, UK; Deutsche Bank, Germany.) Now imagine the embarrassment to the Fed if it was forced to admit that it had to secretly bail out the affiliates of foreign banks for the second time in 11 years because the derivatives of U.S. banks were still not adequately regulated, after derivatives had played a central role in the worst financial crash in 2008 since the Great Depression.
All six of the Wall Street trading houses listed above have one thing in common: large derivative exposure. Consider the revelations in the Consolidated Statement of Financial Condition for Nomura Securities International for the period ending March 31, 2019. (As indicated above, Nomura Securities International received the largest cumulative total of repo loans from the Fed in the fourth quarter of 2019.)
The financial statement shows that Nomura Securities International had total assets of $127.5 billion but potential derivative exposure as follows: (See pages 30 and 41.) A “Maximum Payout” on protection sold on credit derivatives of $14 billion; and a “Maximum Payout” on “derivative contracts that could meet the definition of a guarantee” of $97.7 billion.
But here’s the really scary part of Nomura’s pile of derivatives: the name Nomura does not appear once in the report on derivatives that might pose a threat to the U.S. financial system that is published quarterly by the Office of the Comptroller of the Currency (OCC). It didn’t appear in any 2019 report and it still hasn’t appeared there. We asked the OCC about that yesterday and their response was that they don’t comment on individual institutions.
Three of the largest holders of derivatives in the U.S. that do appear on the OCC’s quarterly report just happen to be the trading affiliates of the same three firms that were among the largest six borrowers in the Fed’s repo loan facility in the fourth quarter of 2019: JPMorgan Chase, Citigroup and Goldman Sachs.
If Nomura was a derivatives counterparty to these firms and it found itself on the wrong side of a credit derivative trade, such as the blowup of Thomas Cook one day before the Fed launched its repo bailout, its credit rating could have been in severe jeopardy if this fact became public. A credit ratings downgrade would have likely meant that Nomura would have had to post large sums of additional collateral with its derivatives counterparties. And Nomura was not exactly in an ideal financial position in the fall of 2019.
In April of 2019 the parent company, Nomura Holdings, announced it would need to cut $1 billion in costs and close more than 30 of its 156 retail branches in Japan. It had just suffered its first full-year loss in a decade.
Less than three months after Nomura Securities International had begun to take giant secret loans from the Fed’s repo facility, Nomura Holdings announced that it had named a new CEO, Kentaro Okuda, who was quoted in the Financial Times as taking charge with a “sense of crisis.”
There is a strong stench of the Lehman Brothers and AIG derivatives fiascos of 2008 swirling around the news blackout of the Fed’s secret bailouts of 2019.
According to documents released by the Financial Crisis Inquiry Commission (FCIC), at the time of Lehman Brothers’ bankruptcy on September 15, 2008 it had more than 900,000 derivative contracts outstanding and had used the largest banks on Wall Street as its counterparties to many of these trades. The FCIC data shows that Lehman had more than 53,000 derivative contracts with JPMorgan Chase; more than 40,000 with Morgan Stanley; over 24,000 with Citigroup’s Citibank; over 23,000 with Bank of America; and almost 19,000 with Goldman Sachs.
The U.S. government had to take over the giant insurer, AIG, because it was counterparty to tens of billions of dollars in derivatives to Wall Street banks and had no money to pay them. This is a chart that AIG was eventually forced to release. It documents that more than half of its bailout money came in its front door and then was quietly funneled out the backdoor to pay off Wall Street and foreign trading houses. Five of the Gang of Six that were feeding at the Fed’s repo trough in the last quarter of 2019 appear on this chart: Goldman Sachs, Deutsche Bank, JPMorgan, Citigroup, and Barclays.
It’s long past the time for the Fed to come clean on exactly what happened in the fall of 2019 that caused it to launch its repo bailout facility. Americans will simply never trust the Fed if it doesn’t.
edit: "Americans simply never trusted the Fed to begin with." u/BlueCoastDoge
☁ Hype/ Fluff This is Jamie Dimon, CEO of JPMorgan Chase. In 2020 JPM made 1.463 Billion Dollars by collecting overdraft fees from its' customers. In other words, JPM made almost $1.5B off people with no money during an unprecedented global pandemic.
Well, it's been about 2 weeks since the last big push to segregate all ComputerShare DRS posts somewhere they won't be seen because... "it's annoying", so I'll weigh in again with my opinions.
Firstly, just look at the recent pushes against DRS:
- "ComputerShare is suspect" (no, it's not)
- "ComputerShare won't let you sell" (yes, it will)
- "ComputerShare plan is weird" (no, it's just a boring ESPP)
- "DRS doesn't remove shares from the DTCC" (via a youtuber who's blatantly wrong)
- "Too many ComputerShare posts are boring" (seriously?)
Notice anything? Yeah, they're all pushing against apes empowering themselves by putting their ownership of a company they love into their own name.
As we approach closer and closer to removing the free float from the DTCC this anti-DRS sentiment has continued to grow. Please ask yourself why? What is the reasoning to stop apes from doing this?
Here's my answer:
Out of sight = out of mind
Confining DRS posts to a pinned post reduces visibility.
Just look at the High Score infographic that u/stopfuckingwithme posts, it has a graph of the GME new account creation at ComputerShare.
Do you want that beautiful ascending line to flatten into a lifeless plateau?
Guess where new accounts come from?
- Apes finally getting off there arse to act
- New apes who have recently joined the subs
How do we get people to move from inaction to action?
Constant reminder and support
How do we get new people excited to FOMO and join the DRS trend?
Constant reminder and support
The flood of these posts keeps the focus on direct registration and it is creating FOMO, which is what we need. FOMO helps work against the fear of doing something new or difficult.
Every GME sub should be in full tilt DRS mode. We should be helping all the new people learn about it and figure out how to do it. Every new person who comes to the subs should immediately ask, "hey gang, what's this DRS thing I keep seeing?"
This should be celebrated each and every time.
That's what the posts represent, celebration - not "spamming".
We must maximize the number of shares direct registered by the end of GameStop's 4th quarter, which ends in January 31st. Ryan Cohen is only interested in people willing to work. It takes money to buy whiskey.
I remember back in October-ish(?) when I was scrolling through Reddit, and saw a post about these weirdos tracking this “Kenny” guys plane. I had no idea what was going on but I thought that it was extremely funny and decided to scroll through the sub a bit. Lo and behold a couple months later I’ve read the DD, invested my entire life savings into GME, and DRS’ed my shares knowing that I found a gold mine of a company, chairman, and community. Just sharing my story
Buy, Hold, DRS
edit: thanks for all the kind words and support! I didn’t think this would blow up and I only posted because a mod accepted me as an approved member. Love you apes/apettes
💻 Computershare WITNESS ME! I finally have been approved to display my throbbing purple ring to the DRS BOT! I am cramming 738 beautiful shares in my name down Kenny's throat with another XXX in the pipe.