4 years ago today
4 years ago today I bought my first share... @ $352.
I first heard about GME prob in Dec or early Jan. Alot of chatter from alot of people, not really fully understanding the thesis, players, or timeliness. There was just a handful of DDs in those early days. Something about a kitty spewing wild tinfoil.
I first saw some nice upward moves the early weeks of January and paid attention, each day getting more and more convinced something would happen.
Crazy talks of short interest, days to cover, not enough shares. I was close to jumping in. My plan was to invest a little, make a few thousand in a couple days and then jump out. In my mind, I was convinced I could turn a quick $50k when all things were done. And I would have been happy with that.
Mid Jan and towards the end of Jan, things got crazier day by day. There were days I almost pulled the trigger. I was so on the fence. I even remember talking to the wife and letting her know about this stock that might do some crazy things, explaining to her about synthetic shares, and all the illegal activities happening with this stock. Somehow explaining things strengthened my conviction.
Then the last week of the month, Jan 25th changed things for everyone, forever. Go look up that week... the week prior the prices jumped but then settled. It's like the engines were being primed. We were relatively flat, but hell broke loose starting the weekend into the Monday of Jan 25th.
I was watching the stock all day, charts, yt, all the streamers at that time. The question to me was how much to invest? I moved $10k into my brokerage account. Imagine wanting to buy but having to wait for funds to settle. That was me that week. And we all played the calculator game. How many shares could I buy? How high the price could go l? When would I be satisfied with my gains to sell?
Well, I jumped in with $10,000 at $352 on Wednesday ($88 today). The rocket had launched and I wanted on.
Jan 4 - Jan 13th roughly abt $5 a share.
Jan 14 - Jan 22 roughly abt $10 a share. The price had doubled.
Jan 25 - Jan 29 the squeeze closed at $120.75 ($483) on Thursday. We all know what happened next...
No the price did not continue to rocket. The opposite happened. The Buy button was turned off, Close positions only, fcukery everywhere. Our rocket ship came back down to Earth the following week. It was sobering for all of us, and we were left holding heavy bags.
But did I learn my lesson? Fcuk no. Great DD came out like rapid fire in those early months after the squeeze. I went all in in April and have slowly bought since then averaging down. I'm now at x,xxx shares with a cost basis of abt $35.
I'm holding for generational wealth. I know you are too. This is our once in a lifetime. The greatest wealth transfer in history. My conviction hasn't changed in 4 years. What once was supposed to be a quick play with a few thousands in gains, now has completely changed. I've been in it for 4 years and I'm here for real change. I want real transparency. I want free and fair markets. No more blatant FTD, dark pool abuse, naked short selling, kicking the fcuking can down the road, buying more days to survive shit that hedgies and market makers have been doing these past many years.
There are many whales who have tons more shares than I do. I see posts daily. I also see new apes buying their first share or happy they finally have xx shares. We are all in this play together to change lives, expose all the fraud and corruption happening in our financial markets. We want a better world for our family and children.
When this is all over, I believe we will make meaningful change for the better in the places we live and lives we touch.
Until then, we Hodl. We hodl the line my brothers and sisters. Our day is soon coming.
🔥 💥 🍻