Author: Joe Fonicello

Digital marketer and value investor -- Known as @Toast on Twitter

Burry: This is Unnatural, Insane, and Dangerous

Posted on by Joe Fonicello

Michael Burry has shared his thoughts on GameStop’s recent price action

Michael J. Burry of the ‘The Big Short’, and former GameStop investor, has put out a tweet seemingly condoning the price action on GameStop Corp. shares.

If I put $GME on your radar, and you did well, I’m genuinely happy for you. However, what is going on now — there should be legal and regulatory repercussions. This is unnatural, insane, and dangerous.

Burry’s tweet from January 26th 2021

While an investor in GameStop, Dr. Burry wrote to the board of directors in late July calling on them to buy back $238 million of their stock to complete the $300 million worth of repurchases they authorized earlier that year.

By reducing the amount of shares available on the market to this magnitude, Burry effectively loaded the gun that shot the shorts in the face. 

While Burry is said to have sold his remaining GME position long ago, we appreciate what he accomplished for us shareholders.

Source: Burry Archive on Twitter

Back on Benzinga

Posted on by Joe Fonicello

Benzinga’s new fan favorite Rod Alzmann is back on the air.

In this clip from Zingernation Power Hour on January 26, 2021 leading GameStop analyst and GMEdd contributor Rod Alzmann discusses his his choice to buy back his covered calls as GameStop’s market cap continues to rise. 

Elon Musk: Gamestonk!!

Posted on by Joe Fonicello

Elon Musk may be the most famous degenerate of us all.

We’re living in an alternate reality folks.

Elon Musk has shared a link via Twitter to the infamous subreddit Wallstreetbets titled, “Gamestonk!!,” sending GameStop Corp. stock into orbit as if Elon himself strapped us all to a SpaceX missile. 

Elon’s tweet after-hours on January 26th 

Welcome aboard Elon, we’re happy to have you.

Source: Elon Musk on Twitter

Chamath Buys GME Calls

Posted on by Joe Fonicello

Lots of $GME talk soooooo….

Early Senior Executive at Facebook and renowned tech venture capitalist Chamath Palihapitiya has disclosed his purchase of Feb $115 calls on $GME this morning on Twitter.

Chamath placed his bet after widespread encouragement from his Twitter followers, in response to a tweet asking what he should “throw a few 100 k’s at.”

We’re hoping that Chamath’s bid of confidence in GameStop catches the eye of other Silicon Valley giants, who may begin to research the fundamentals behind the GameStop e-commerce play thesis.

Source: Chamath on Twitter

RC Ventures Agreement Reached

Posted on by Joe Fonicello

The agreement provides for the immediate appointment of three new directors – Alan Attal, Ryan Cohen and Jim Grube

The three new directors collectively bring deep expertise in e-commerce, online marketing, finance and strategic planning to GameStop. These skillsets will support the Company’s continued focus on optimizing core operations and creating a powerful and exciting ecosystem for games and entertainment.

Read the entire GameStop News Release here

It’s Going To Be a Fun Ride

Posted on by Joe Fonicello

Founder of Chewy and GameStop saviour Ryan Cohen has dropped another cryptic tweet on us.

What could a “fun ride,” entail? We can’t help but think that it’s intentional that the man appears to be fucking someone. Could that someone be the shorts? 

All that I know is that if I was Gabe Plotkin of Melvin Capital right now I would be terrified. Good thing we know they don’t do their due diligence.

Source