What’s Going On With GME???

[Geek Nasty]

shyt I'm trying to retire and just keep up my current standard of living while having enough left over to offset inflation.

Same, I think all the athletes and celebrities have people thinking they need a lot more than they do to retire. You get $2 mill and you can work for one year to wait out the penalty period, you’ve got probably $80K/year after taxes for life adjusted for inflation, and that’s safe investments

 

[IsThatBrothaMouzone?]

Where the hell you live that 15M wouldn't be enough to easily retire on? I'm thinking with just 3-5 million I'd set lol.

I'd want to stunt a little, take some nice trips etc. Living the way I do now, $3M to $5M is more than enough but lifestyle creep is real. Gotta account for that. My job is easy and telecommute with good benefits, salary and PTO. Set up trusts as needed and diversify the portfolio before retiring.

 

[Black Mamba]

I just wanna buy an Apple Vision Pro first
Then I’ll go down from there with how I manage the money

 

[Solo_87]

Don't feel like I've got retirement numbers unless it hits $100k/share.

DRS = 60
Fidelity = 60
Schwab = 8

Honestly probably need $150k/share to actually feel comfortable retiring. That would shake out to $19.2M. Then doing some dirty math....if all the share are long term securities (held for 12 months or longer), the capital gains tax is 20%.

Not gonna calculate the difference between cost basis and share price when sold...but conservative estimate would be me taking home $15.4M. At that level, I'd be good with wifey retiring. I would work a bit longer and set myself up good before joining her.

$25M+ after taxes and I'm giving my 2 weeks notice ASAP.

$100k/share??? I was hoping for 5k

Thought that was wishful thinking

 

[Geek Nasty]

$100k/share??? I was hoping for 5k

Thought that was wishful thinking

$100k/share X about 425 millon shares is a $42.5 trillion market cap. I cant see it getting close to that. I was realistically expecting $500-1000, maybe $5-10K if it goes crazy. The feds would probably step in and force a settlement before it started running that high

Now in theory it should get that high i just dont think the feds will let it.

 

[419scam]

$100k/share??? I was hoping for 5k

Thought that was wishful thinking

that shyt will never hit 4 digit numbers, y'all try to fukk the fukkers, the market makers, the ultimate power players who ARE the market. They rather burn down the economy completely and live in their bomb shelters till eternity than to let a squeeze happen. That's how the world works and always will, the poor always get fukked by the rich - shout out to king from platoon

 

[IsThatBrothaMouzone?]

$100k/share??? I was hoping for 5k

Thought that was wishful thinking

Oh I don't expect $100k/share...I'm just saying that's what it would take for me to consider retiring.

$5k/share, I'd be happy as fukk but I'd still live mostly the same...just with more financial cushion.

 

[Geek Nasty]

that shyt will never hit 4 digit numbers, y'all try to fukk the fukkers, the market makers, the ultimate power players who ARE the market. They rather burn down the economy completely and live in their bomb shelters till eternity than to let a squeeze happen. That's how the world works and always will, the poor always get fukked by the rich - shout out to king from platoon

It already hit 4 figures in 2021

 

[Gloxina]

that shyt will never hit 4 digit numbers, y'all try to fukk the fukkers, the market makers, the ultimate power players who ARE the market. They rather burn down the economy completely and live in their bomb shelters till eternity than to let a squeeze happen. That's how the world works and always will, the poor always get fukked by the rich - shout out to king from platoon

Right. This gets to $1000 and I’m great. If it actually goes to $5000 I’m…yea F what I said I’m walking out of my office lol

But I don’t think they will truly let it run. They’ll stop it. But if we can get back to $491 or higher, that’s a win.

 

[cyndaquil]

How we get to talking bout 150k a share?

 

[Doomsday]

$100k/share??? I was hoping for 5k

Thought that was wishful thinking

Which proves my point once and for all homie is just going off "hope".

 

[Leavingtheecstasy]

$100k/share??? I was hoping for 5k

Thought that was wishful thinking

I'm not gonna go crazy with what the price could be given the moass. But if shorts were actually forced to buyback every share it could get pretty crazy.

However somewhat realistically, in 2021 on the market there were fractional shares legit being filled at 5k during the sneeze.

Think this was mostly on the dark exchange though.
But I don't see 5k being unrealistic if 2021 had them scrambling.

Of course I want the shyt to hit Berkshire prices, but this has never been done before so who knows.

 

[Ɀoᥱɣ]

I'm not gonna go crazy with what the price could be given the moass. But if shorts were actually forced to buyback every share it could get pretty crazy.

However somewhat realistically, in 2021 on the market there were fractional shares legit being filled at 5k during the sneeze.

Think this was mostly on the dark exchange though.
But I don't see 5k being unrealistic if 2021 had them scrambling.

Of course I want the shyt to hit Berkshire prices, but this has never been done before so who knows.

I honestly think $1k-$5k are actually realistic highs if/when this squeezes, not enough to change my life but def enough where I can get turnt in crypto

 

[Leavingtheecstasy]

Peterffy on gme squeeze nearly breaking the market

This helps me understand the impact that was happening.

They will do ANYTHING to never get to this point ever again.
It's almost a fairy tale that some retail stock can really break the entire system. They definitely do not want us to believe it. But experts understand what happened. Can it happen again? Idk. SEC is asleep at the wheel. RK seems to think so. Eventually someone has to call bullshyt or there has to be some loophole that fukks them.

The best thing you can do is buy, hold and drs those shares so they are no longer able to be borrowed. If you believe in moass.

 

[Leavingtheecstasy]

I honestly think $1k-$5k are actually realistic highs if/when this squeezes, not enough to change my life but def enough where I can get turnt in crypto

1k is absolutely realistic if it is allowed to run. It would've hit that in 2021 had the ultimate fukkery not occurred.