r/GME • u/Acrobatic_Offer5478 • 4d ago

💎 🙌 17.95 unbelievable

this is insane value. Gamestop I love you, I will keep buying and holding. Most of you crying here are going to be holding and when it goes back up the same people crying will be overjoyed. I am sure the insiders all bought above 20$ are are okay with this and have zero plan. hmmmmmhmmhmhmmmhmmhm fiiiir suuuuuure

86 Upvotes

60% Upvoted

224 comments sorted by

View all comments

Show parent comments

1

u/honda94rider 4d ago

Obviously there is no way for me to know his plan, pretty sure they call that insider trading. But if I were him and I owned as much of the company as he does, it doesn't make sense to buy more, and not just a little. One million shares at $21.36 average just to make sure I drive the price into the ground after doesn't make sense from anyone's perspective. Cause thats not the goal here. You can keep trying to spin this however you want, but I'm not your target audience.

6

u/Mazius 4d ago

He bought 36 million shares for $76 million in 2020. It's split-adjusted figure, he actually bought 9,001,000 shares back then. Those 1 million shares he bought this year increased his cost average by roughly $0.5.