GME back on the menu?

[PrivateTechquity 🚀GME🚀]

It's way overvalued. There is no play in GME--long term or short term. You stupid virgins need to let the stock die.

inexperiencedcollegeguy

Is there another potential squeeze play in GME? With the NFT Marketplace coming out, potential stock dividend, and the cost to borrow rate at a level of 104.8% (higher than January 2021) at the time of writing this, could we see a massive increase in price similar to January 2021?

Current position: July 15 $350c

Edit to make points clearer

That call position is kind of naïve if it's your only exposure, too near-term and deep OTM. I've got a couple of July $150s but most of my stuff is sub 150 strike calls for Jan 2023. 

GME was never off the menu and anyone who says otherwise hasn't done any research whatsoever, they're just parroting Cramer and the other idiots on tv.

Just a few positive points from the past couple of months. 

• Paid off their debt with the equity raises in 2021 so it's impossible to go bankrupt (this is old news obviously, but I've seen too many mouth-breathers saying it's A sOoN tO bE bAnKrUpT bRiCk AnD mOrTaR).
• They just launched their wallet on chrome and have iOS app in the works, gas fees are less than a 10th of their next largest competitor (MetaMask).
• NFT marketplace confirmed to be launching before the end of Q2 - even if they only converted a fraction of their PowerUp members they would instantly dwarf OpenSea in terms of users in addition to having lower gas fees for minting (latest valuation $13.3b, even after today's run GME is $9b MC).
• Share split vote via a share dividend (just like what Tesla did) + increasing the share limit from 300m to 1b is on the docket for the annual meeting in less than 2 weeks.
• Renaissance Technologies (best quant HF in the world) just boosted their long position over 11,700% to 300k+ shares last quarter, along with tons of other institutional investors hopping deeper in such as Ray Dalio/Bridgewater.
• The official % sold short (which is wrong, way lower than actual due to positions masked by TR swaps) has nearly eclipsed the free float (total outstanding - institutional + insiders + DRS trimmed average) so that door to close out is shrinking rapidly - check out the /r/superstonk DRS tracker which measures just the users of the sub (it almost exactly predicted the previous DRS #s for the last 10Q)
  • 
• Utilization of 100% approaching the same # of consecutive days that led up to the Jan'21 sneeze with the borrow rates similarly skyrocketing over the past 2 weeks across every major broker. Liquidity is officially dryer than Ben Shapiro's wife's vag.

We are in business boys. MOASS is inevitable.

Positions: XXXXX shares and XX-XXX calls with expirations mostly ranging from Oct'22 to Jan'23, strikes from $100 to $950