Thoughts on GME

Friday we closed at $21.99. It seems the manipulation is still going on. Market makers don't want options to be in the money and be liable for buying shares.

It was also mentioned this week that Steve Cohen picked up 606,000 shares of GME; I haven't verified. It's interesting that he did so. One can only speculate:

  1. Is he feuding with Ken Griffin now? Or another fund that is short the stock?
  2. Is he planning a rug pull because cycle times are up and GME needs to run?

Whatever the case, it doesn't change the strategy. Buy, Hold, DRS. We will DRS the entire float sooner or later and then we move on to the next level, which will most likely involve the Company and Board taking more drastic legal measures. I am confident that Ryan Cohen has a plan.