Fitzzzy: ⁓ happy birthday. ⁓ thank you very much. Thank you. Thank you very much for the happy birthday wishes. Cheers, y'all. I appreciate that. Thank you, thank you, thank you. Alright. Cheers, y'all. Early ⁓ is this is this an y yo GameStop. Was this an early birthday gift from y'all? You know, the early birthday gift of early early earnings announcements and an offering? I guess cheers. I guess. You wrap it up in a gift or some shit? ⁓ thank you, chat. Alright. Yo, I feel I can't let ⁓ that's very thank you. Thank thank y'all so much. ⁓ yeah, that's very nice of you. What's up everybody? This is Echo Chamber. ⁓ Happy birthday, Roaring Kitty. Whoa wah wah wah wah wah wah Yeah what I mean It's your birthday Happy birthday. Alright. That was fun. I guess. I don't know. There's another one of like there's some AI ones too. ⁓ What's up? This is Echo Chamber. ⁓ I got Reese Politics with me right now. How's it going, Reese? What's up, Fitzy? ⁓ not much. Happy birthday to the cat. can't wait to unpack what's going on. eBay, Form 425, almost a ten percent ownership. ⁓ but ⁓ good to be back with you. It's been a little bit. It has been a little bit. let me get my share screen started. Something went bad here. It's been Yeah, it's been a little bit like about a month or so. There we go. I got the screen up. No, more than a month, like probably about three or four months. So yeah. You've ⁓ you've been good though. I ⁓ I noticed. ⁓ well I've been trying to pay attention to your ex, but you got like subscription going on too. How's that going for ya? We're rocking and rolling. everything's been good, man. I mean, it's just ⁓ kind of groundhog day with GME price action. It's funny though, like the only thing that's different now is that the companies in a like five to ten X better value proposition than it was this time last year and you know when the cat was back in May and April 2024. So yeah, I mean everything's good, just the the stock price kind of stuck in the mud, which as you know it's not really ⁓ breaking news. No. No. It's been it's been rough. Even the news that we got last week ⁓ didn't do much. Gave us like a little 13% move, but we we sold off pretty much the rest of the way. So it is ⁓ noon on Monday, so we are live. ⁓ this is gonna be part of the podcast episode. I think it's episode 82. We did a Q ⁓ Q1 earnings recap last night. I went over that with Bartuk. It was it was pretty awesome. What do you think about the earnings, man? What how are you feeling? ⁓ I mean, it was one, it was a great surprise. And I thought the top line numbers looked excellent, obviously. I'm excited to see the 10 Q. I think we're gonna get that. I think there's like 11, 10 or 11 days ⁓ you between when they do a surprise drop and that. So excited to comb through that too, see if there's anything we kind of glossed over or missed ⁓ from what GME put on the investor relations site. But I thought it was really good. You know, the collectibles growth is highly intriguing in that the revenue I think was you know, I'll I'll be honest. I think Earnings per share and being profitable is no longer a surprise because it's been seven quarters in a row. And when you're collecting covered call premium and you're generating four to five percent roughly in a money market, you're gonna be profitable. But the revenue being a nice surprise, almost net north of a hundred million dollars. I mean, it's incredible. And thanks to collectibles. So I'm really I'm really intrigued ⁓ to see if that keeps growing and I'm just really impressed overall by by what Ryan Cohen has done. I know we're here to, you know, it's Roy and Kitty's birthday day, this that and the other, but it's really Ryan Cohen that that deserves the the credit here. Yeah, no, you're a hundred percent right. We haven't seen ⁓ kitty in two years now. Well ⁓ well, the hack. I mean Yeah. Which I'm he I'm excited to hear what you think, but it really kind of left a bad taste in my mouth. It's just and I don't I'm not saying it was his fault. I have no idea. I'm just saying it's like a it was very odd. You know, that whole thing was just s slightly strange. ⁓ with the after hours activity too. So, you know, kind of a kind of a weird twist in the the latest the latest timeline. Yeah, it sure was. I'm sorry, I'm looking at the stream here. I feel like ⁓ okay. I'm behind on my end, but I'm not sharing this the screen. Struggling with this sharing today. Trying to get. Getting older, Fitzy. The the technology is leaving you in the dust. Bro, I've done so good up until this point. I struggled immediately. Let me see. twice now it's stopped sharing for me. So Okay, there we go. Sorry guys. Just looking at a picture of nothing and and talking. So ⁓ I was trying I was trying to find your four twenty five, but ⁓ twenty one ninety three by the way, GameStop is trading right now. We're up six tenths of a percent. Spy is up seven point seven five. So like I guess the news is the war's over again. I don't know. Dude it's so hard for me to keep up on that stuff nowadays, but I'm pretty well there was there was, you know, I thought last night it was gonna get Hot, but now it's it's not again. So it's just it's funny to me how like everyone's like a geopolitical expert now, you know. ⁓ it's like, yeah, if ask me tomorrow, right? It's gonna be totally something different. But ⁓ yeah, dude I I wanted to ask you what you thought about the Roaring Kitty hack and the after hours five, six, seven, eight percent run and then slam down and that down ever since. I just it's just odd. ⁓ I think it was fucking wild. I think the timing of it was wild. I think I I know what it was, I was putting it on my YouTube, I was trying to go to Ron Kitty. I think that the fact that the the company put out that info at the same exact time was pretty fucking crazy too. ⁓ the the one point five billion shares happening at that moment, I don't know. That was that was all really weird to me. ⁓ the fact that he didn't change his profile picture back. I don't know. So do you think you think he has the account back now? I I would assume so. I would assume so. But you know, it was I I said this on a video I made this morning. Like it it would have maybe been nice just to have a follow up post being like everything's cool, you know, little hack there, you know, moving on. Didn't need to comment on the stock or anything like that. I just you know, it was very, very weird. Very, very weird timing. ⁓ So you think it was him? No, ⁓ my gosh, no. No, okay. No. I just mean like, ⁓ my heavens no. I just mean like, you know, it would have been nice kinda if he did get the account back and it was a hack just to be like, you know, disregard was hacked. Move on. Move on. Wait another five years, you know, wait another decade and century. Yeah. Yeah, I don't th I mean he I think he's got a very specific plan. I think anything he does, if he talks at all but you saw what happened. The hack shot us up to like twenty seven or something like that. It made every single key like shit coin out or meme coin out there like ⁓ go bonkers. That arc ⁓ the Royan Kitty RKC, I think is the name of it. That thing got that dude, whoever launched that thing made millions of dollars. All just off of so sad, man. Yeah. Yeah, it is. All off of just like ⁓ you know a a a little quick hack. So like if he comes back and starts talking, I think that I feel like this about with the barking puppy stuff too is like a lot of people were saying like, well, ⁓ it's gotta be legit because he hasn't come back to tell us that it It's not legit with with his brother. And like that, I think that's not like Dude, I can't even go down that road. I mean that's that's so so far out in left field and it's gotten wild. ⁓ that whole shit got wild. He yeah, he's out he's out on his shit now too. He had a rough weekend. He got taken away again last night. Yeah, I know I don't keep up with that. I be I I'm not gonna comment on that stuff. You're all right. So I mean, ⁓ back you know, back to the kitty stuff though, that's ⁓ I think that's kinda like Whatever his plan is, because I fully believe he has a plan on on what he wants to do. he can't No, or like he's just waiting, maybe like everybody else. You know, maybe he truly is just waiting. Yeah, I think that's maybe the plan. I mean, it it's it's hard to be displeased with anything that Ryan Cohen's done over the past couple years. I guess since Ryan Kiddy's came back, there was one capital raise that was a little odd. I think September twenty twenty four, but ⁓ That one was weird, bro. It was j I mean, not that it you know, it now in hindsight it looks fine, but that at the time I think that one was a little strange. But everything since that and and really in totality has been really good, I think, for the company to even put them in a position where we're talking about acquiring a fifty billion dollar market cap company in eBay. I mean, it's it's you know, I'm not gonna speak for Rory K or pretend to. I just me myself, like I'm very satisfied with with how these events have transpired in this kind of period of of waiting, so to speak. Yeah, it's been awesome. Like it's been so so from from when we were at nine ninety five in in April twenty twenty four, Kitty comes back. From that point on, I mean honestly you can probably trace it back to when RC in twenty twenty three took over as a CEO not for long. We had we had the big sell off. but from from when Kitty came back at that bottom It's been a it's just been amazing. Like he's done it's only two years. Like this company was on the way to bankruptcy and like not looking great. And even in in at in April 2024, we had a billion dollars, but we're at nine dollars and ninety-five cents and there was nothing getting us out of that. Like they were they have they were having their way with us, kinda like they are now, but you know, up at twenty five instead. ⁓ and from that point we've raised, we're up to nine billion dollars. The company is is crazy profitable. like we made ⁓ almost three hundred million on our eBay trade just in the quarter. That's fucking wild. Like setting setting records for profitability. ⁓ in two years, three years as a CEO. You know, there's a lot of people out there talking about how ⁓ do something, I'm tired of this. And yeah, I understand. Trading at twenty five for basically a year, probably more now, huh? A little bit more than a year since the last bond. I get Well, I mean, I get I get that because it's been like how short lived is time over 25 with this ticker, you know. It's never. It's never like it mean we were talking maybe five, ten trading days, you know, like and then that and then that's it. And then it doesn't come again for like three months. And so that drive I I mean, I get why people get frustrated, but ⁓ yeah, it's hard. I'm just guessing maybe something more along the lines of May of 2024 or January of 2021, which is fine, but I think like when you're looking at fundamentals, like this company is extremely, extremely attractive now compared to 2021 when it truly was like at risk of going out of business. ⁓ if they would have had bad actors running that thing, they could have easily driven that ship into the into the ocean. So Yeah. Yeah. ⁓ Yeah, you know, those are they're the Yeah, they're they probably are playing calls, like the ones that are frustrated. 'Cause you can't really you can't really play for a squeeze anymore. If you're playing GameStop for a squeeze at this point, like you where where have you been the last, you know, five, six years? I mean, we get our quarterly runs, but you know, you you're basically playing for Kitty to come back and he's not you gotta c at some point you gotta move on from that. So ⁓ I I still want him to come back, don't get me wrong, but like it like on my list of catalysts, like Kitty's In the complete and absolute hopium, right? Like we got I mean, Michael Burry will probably be back again. Guy can't can't seem to get enough here of ⁓ buying and exiting early. So he he's probably gonna come back again for a third time ⁓ before the cap. But yeah, it's I mean, that's definitely an intrigue of mine, or at least, you know, maybe finding out a little bit more of of the story or his timeline, if that emoji timeline's even still accurate. You know, I know people still like on Super Stomp reference it and stuff, but It's really just RC's show at this point. And the thing I'm the actually the thing I'm most intrigued by now that and I don't want to say the company's on autopilot because it takes incredible effort and work to get the business to where they got it. ⁓ and not just Ryan Cohen too. Like ⁓ obviously other leadership at GameStop has been working tremendously hard, but the authorized share buyback. is kind of like this wrench in the gears. I wasn't really expecting that. Like maybe if the stock was trading at like 10 bucks, I would have thought, okay, yeah, sure, go for it. But I this is another wild card I think at GameStop, you know, can really keep ⁓ in their cap, like a feather in their cap. It's just kind of use it at any moment. And that to me is like another just great, great, great tool to feel good as a shareholder. That was awesome. That was completely unexpected. ⁓ I feel like that was the headline news. I mean the amazing earnings was the headline news. But ⁓ the buyback, I I not only was like I'm not expecting it, I was I was like talking it down because there's a lot that was that's a big conversation topic. Like that was something Bury was big on back in like ⁓ twenty nineteen. It's something Bury's talked about with other companies a lot. ⁓ and then there's been a lot of conversation about buybacks in the game stuff community. A lot of it. And I every single time I was like, he's not gonna do that. We're adding shares. We're selling shares right now. We're trying to we're not taking ⁓ off. but like I think how like we were talking about a little bit last night. So the the average ⁓ the average sale from twenty twenty four, even that ⁓ weird twenty million one, ⁓ was about like twenty four seventy five. So anything and and you know, honestly, if if it'll propel us over thirty two, anything under that will be ⁓ beneficial because then we'll start making our money at thirty-two dollars. But under twenty four seventy five, I think it's very much considered a win just from those raises if we're if we if we can buy shares back cheaper than that, I think. So Well and you mentioned earlier like the nine dollar ish price range that GameStop was bottoming in before Roaring Kitty came back publicly. Like it's funny because now and I I would never be like, ⁓ this is the bottom. This is the bottom. You know, tomorrow it could be 15 bucks. I mean, who knows? But like it it really is interesting how we are kind of we keep coming back to the high twenties, low twenty-ones, twenty-two-ish. And I don't know if the company even factors that in their mind at all, but it like, is this kind of the nine dollars of twenty twenty four? And if it is, then the company's in tremendous shape, you know, ⁓ compared to back then even. And that's not that long ago. If you're just looking at an equity, like that's not it's not a very long time frame. So like that that's ultimately really good news. And super intriguing too to see if they do press that button. Yeah, it's like nineteen ninety five now, right? Like what did we get down to? The low of sorry I put up the the option chain right now. Call selling again today, by the way. I think it's like two it's only two hundred thousand, not too bad. Not too bad on the call selling, but ⁓ but the IV is just like I mean it they they siphon it out so quick. Bro, it's yeah, it's down against you know, it's not that like, ⁓ you know, calls this and that, but it's it's more like it's not even emblematic of of what the company's doing. It's so decoupled. It's like I get the frustration. ⁓ the call selling drives me nuts. Especially because it's like it's their move now. Like we don't really I mean, we see some shares being borrowed. ⁓ but like if they if it goes to our land pool, that's like a last ditch effort. But, you know, even since we had the warrants in ⁓ in October, once we got those issues, that was the same shit that we dealt with all the way to January. It was just call selling, call selling, call selling the whole way. ⁓ it's it's definitely how they manipulate us. That and and whatever the fuck's going on with XRT and then, you know, Bury futting us at the top in May. That was hilarious. I mean, that guy, like, he is completely tarnished his what was left of his reputation. I now granted, he's been yelling the sky's falling for, you know, the past fifteen years and it it hasn't fallen. So it yeah, he looks like a total buffoon here in this saga. Yeah, that was that was fucking annoying. It almost felt like manipulation to me. Like what's he do well, yeah. That's a definitely. Yeah, I mean, I don't want to like say for sure, but I mean you have to question it, right? Like the timing of all that. Really odd. Really odd. Yeah, really fucking frustrating too. Cause like we were that was probably the most hype we've had I in a year, maybe. I mean And and his initial write up of like what happened in twenty twenty one. Well by the way, when he was sitting on the sideline watching 'cause he had sold early again then, but it was total fan fiction. He was like, ⁓ you know, people bought calls. It's like, no kidding, dude. Like you're you're charging three hundred and ninety-five dollars a year for that. Yeah, that's ⁓ yeah. Is that how much it is now? It was fucking like Yeah, he he made a bunch of money. And he's like I don't know, he's like all over the place. ⁓ we talked about it a couple of weeks ago, but he's like, you know, first off, shitting on the f the short thesis. I don't know. If you just look at the chart and and even kitty's move, like maybe it's not like in short interest now, but it's there's something going on there with the kitty squeeze, every quarterly run we have. So just come out and be like, there's no weird hidden short position. Or he also is like, don't worry about the swaps and you know, all that. Yeah. Like you're basically then just saying like retail's too stupid to try and dig into any of this, which is like incredibly offensive. Yeah, it yeah, it was weird too, because like it's I mean, he's not stupid, ⁓ I would as assume. So you look at the chart you can see, but yeah, he saw he funded us at at our high that we've gotten Pri only other time was in October when they did it to us too was with the Warrens. But that was it. He stepped in. Same exact fucking situation, man. Sold off, sold off, sold off, sold off. I hope we're done selling off. Yeah, we'll have to see. I mean, the there are like I'm excited for the shareholders meeting, obviously. I know in the past they've kind of been nothing burgers, so it's not like I'm like, ⁓ dude, I can't wait. Like I can't wait, you know. Like not like that, but I am excited because there's actually a lot going on now. And Ryan Cohen's been extremely ⁓ media friendly the last like five months. He's done a ton of interviews. So I'm yeah, I'm I'm looking forward just to learning more, seeing what's going on, if they really mean they keep buying eBay, so I don't know why that would stop. ⁓ No, that's gonna keep going. ⁓ real quick, what's up, Magnificent? Good to see you, bro. Thanks for stopping in. Hakuna, your Tata's. ⁓ It's a good, it's a good username. ⁓ good to see you, bro. Thanks for coming by. ⁓ yeah, eBay. eBay is ⁓ pretty awesome. You're you you're fired up about it. I think we're all fired up about it, but ⁓ I don't know. I don't I don't think I've heard how you like how do you feel about it? Like what's what are you what are your thoughts on the eBay trade? I mean there's there's definitely bull and bear. It's not like, ⁓ dude sweam out you know, you know, like stock go up. It's not not necessarily like that. I think to to acquire a company with leverage and debt is not a perfect science, but GameStop also is a ten billion dollar market cap company that's trying to acquire a fifty billion dollar market cap company. Like fifty billion like so it doesn't You have to do it if you want to do it. So I can get past that. And ultimately, it just for me it comes down to Ryan Cohen. Do I believe that he is better positioned as an e-commerce savant than someone else to take eBay and make it more along the lines of an Amazon competitor? Yeah, I would, I would bet on that, you know, and I have bet on that, right? Before they were even in talks to acquire eBay. So definitely bullish. I think that. There's gonna be potential growing pains if there are more shares issued. But, you know, the this this whole cycle that GME has been in the past however many years now. ⁓ i if you want that to come to an end or you think that there's a better chance it will by going after eBay, you know, a company like that that can really even further grow, I mean, I'm all for it. Yeah. I I think it's gonna be I think it's a perfect match. Like eBay, PSA, PowerPacks, collecting, I think it was like forty one percent of the of the revenue this year. There's I mean, I don't know, i I I was gonna bring up the revenue part of it, but like i because I was we made like a hundred and some a hundred million more than twenty twenty five, which is just fucking wild with us shutting down all those stores. Yeah, the synergy the synergy exists obviously with collectibles, but I think that Even the kind of tin foilers over the last however many years too, like they've all been kind of saying like with the Teddy thing or whatever it was. I never got too far into it, but like that Ryan Cohen basically wanted to build an Amazon competitor. And that's what his initial idea was with ⁓ the bath towel ticker, right? Like that's what they were speculating. It's so funny because that's basically potentially what's happening right now with him going after eBay. And eBay could be an Amazon competitor. Like I made a point this morning on on my show that like you buy your paper towels if you get them on Amazon, like who's to say that eBay couldn't expand into like those, you know, subscription payment services too? And like products like that. Like it could truly be that. And ⁓ it's kind of fun, not that those people have been like right on the the the nose this whole time, but certainly like you if they could see it coming, like other people could too. The only people that can't or people obviously like institutions that the stock is just stuck in the mud and there's no influence on it anymore. Yeah. Yeah. The Teddy stuff, I mean, so there's things you gotta know is that like RC wrote those books. ⁓ the site is his, the Teddy dot com site. By the way, which went down? and then they took it off Shop. Yeah, I saw that. It was like login, credential and then yeah. So they took it off Shopify too. ⁓ it's a it's it got ⁓ co-opted, it be it became a centerpiece of the ⁓ Butterfly Tin, ⁓ their whole theory, and how they can reemerge. So, so like it f the rest of us kind of don't really touch it so much anymore, but you know, it's legit. He wrote those books. I would definitely like to go through those things with like a a tinfoil eye because you c you can't look at his Twitter and and think he doesn't try to communicate one way or another with us. Like there's no way. Like even just his shit tweet, the poop tweet that we got. Like he told us that we were about to get dumped on, like right before it happened too. So I mean, I think even with him selling stuff on eBay or the stapler last year, I mean he kinda telegraphed that one in advance. Yeah, you're right. Yeah, yeah, yeah. It's just you know, but I again you can't like I think there's a difference between like thinking that and then like putting all your stock and or putting all your eggs in that basket like, dude, like he's talking to us, you know. Yeah, no. Well, I mean he did it he did it with Sailor too. That's true. You're right. You're right. That's another good one. I just I I get I I'm very cautious with that stuff because I think that's you know, ⁓ the the influence on this stock is obviously far greater than than even even a company performing well, which is like head scratching. So Yeah, don't play tinfoil, that's like for sure. ⁓ I almost want to make like a an intro for that because like It's all fun and games, but if you start making like trades based on tinfoil, you're gonna get smoked because i none of it's come true. Like, I mean, we knew, so like we knew the NFT marketplace was coming ahead of time. Like we know these things are coming, but you're not gonna be able to trade that because you're not gonna be able to time it at all. ⁓ really though, it seems like pop he times it seems like for the cycles. And I mean, in addition to that, you get a surprise earnings drop a week. And The stock ends up going down. So, you know, it's like, okay, whatever. And it's like the best it's literally their best quarter one ever. Yeah. So Yeah, exactly. So so there's no no rhyme or reason. ⁓ we're definitely not in control of the price. The price is is definitely fake. ⁓ but yeah, no, the Teddy Tin's good. ⁓ I don't know if he has. I don't know. Maybe not. G America, you know, like ⁓ that all kind of fits into that thing too, which is That it's kinda like a marketplace type of thing. And eBay would fall right into that. so yeah, I don't know. It I Yeah, I think it's like that's that's why I kind of tip my hat to that crowd because like they really were following what he wanted to do and it's come true. I mean, I don't think anything hap is happening with that other ticker, obviously I never have, but you know, the the idea is there and it's it's an insane value proposition for GME shareholders because Ryan Cohen's already unlocked value from a retailer in which he never really had experience doing. Now you're talking about e commerce getting back into e-commerce, which he literally that's his bread and butter. I it's extremely intriguing. Extremely intriguing. Yeah, you're right. Those interviews kind of laid it out too. ⁓ he's gonna do he he's done really well with GameStop, and that's not his forte. So by the way, GME high of day, let's fucking go. I see it's almost it's getting close to this little trend line. Yeah. At least on my I've got the fifteen minute on. It looks it looks like it could go. It just needs volume, man. Needs volume. Yeah, my trend line I just move around. It's my it's my little fucking top and bottom trends. I I'm always looking for the falling wedge, you know? Like that's my shit right there. But ⁓ so I'll force one of those in. But yeah, hi a day, twenty two ⁓ five. Fuck twenty one. I see you magnificent magnificent, but like you really can't fuck twenty one until you're like at twenty two seventy five. Well it's so funny how inconsequential this range is up until like twenty three fifty. Like it's just it doesn't re like I don't want to say it doesn't matter, but it's it's very inconsequential. Yeah. Yeah. And that's another eight percent, seven percent up from where we are now. And like it that that really is not is not a a a price that even really matters in the grand scheme of it. Yeah, so like ⁓ there's some news that could come out this week. So I think so the 10 Q ⁓ the ten the ten Q I think we can get by the eleventh at the latest. That'd be forty days after earning or after the end of the quarter, which was May 2nd. So I think that's the eleventh is the the latest we can get the 10 Q. But I also think that ⁓ RC cannot buy until that 10Q comes out. We're talking about that a little bit last night too. So ⁓ but we do have some stuff they could send us this week. Mainly like that ten Q coming out and them there being like some really nice power pack numbers for two weeks. Do you think Ryan Cohen would buy? Yeah, that's the other thing I was gonna say. Is like once the ten Q comes I do think he would buy. I think right now he's gonna I think it's perfect. Buy to influ influence the shareholder vote. I think he yeah. I think he wants to do that. I think I think I think he wants the price to pump. I think he wants his his packages to pass. You know what I mean? Like he wants all that shit. So ⁓ and I think he wants thirty two dollars so we can make another one point nine billion. So I think I think and maybe he wants all that by July seventh. That that's the good stuff right there. Like, if he I mean stranger things have happened than that for sure. Yeah, yeah. And so if he if if he goes on a tear, a real one, like you know, you saw what happened in January. He pumped it then, and we had let's see, it was a pretty good move January too. Yeah, just that was Bury was in on that shit too. All that stuff, man. Like fucking but we had like a twenty five percent move almost in January. Probably more than that, because the low was the first of the year. Twenty seven twenty eight percent from the low to February seventh. I mean, I'm looking at the June OpEx right now, and there is twenty seven thousand calls at twenty five. And there's sixty three thousand, sixty-four thousand calls at thirty and thirty-two thousand at fifty, which is, you know, a pipe dream that, you know, wouldn't hang my hat on that one. But that, you know, that we'll have to see the next couple of weeks because the the the weird one to me was April OpEx when Bury was, you know, ⁓ this is the bet he he's the next buffet, you know, before he sells the bank. ⁓ But that even getting over like twenty four dollars was super significant with the Bondi legend, which I believe is slated another around July two to eleven, I think, roughly. So that that's another thing to keep an eye on. ⁓ but man, I p point being on June OpEx, like w that that seems like a A situation they'd probably like to avoid. Bro, yeah. So like I hate OPEX, right? Like I fucking hate OPEX. That's the the worst week I feel like always. So every week I go into you know, the what third week of the of the month, I'll I'll usually be like, ⁓ it's probably gonna be flat. We're probably gonna hit max pain. Usually shit on that week. And April proved me way wrong. but you know you know what was significant about that? You I I feel like you might know. What caused that run? What I think caused that run? The Bondi legend? No, XRT coming off a reg show, man. ⁓ yeah, no yes, but this is old this is old news. This is the XRT T three. This is not an old this is not a new phenomenon. I think I think the the Bondy legend as well is is a fascinating fascinating timing where where the shareholder meeting is. And the fact that they pushed it back too is is s is also of of note to me. Yeah, what the meeting? Okay. So you're I I hear you. I hear you. ⁓ I I mean I'm not the XRT, the the problem with this, and I share your sentiment when it comes off yippee, but they've had it on for hundreds of trading days consecutively before. So yeah, you can't just wanna be wanna be cautious. What you play is when it comes off. Like that's the only thing you can count on. So when XRT comes off reg show, because it's on there now, ⁓ when it comes off a reg show, that T3, like a hundred percent of the time is gonna catch a bid. ⁓ I have ⁓ marked off too. It's like forty two percent. Well, it's just fourteen, thirty percent, ⁓ it was nineteen percent in April. I think maybe like probably a little better. ⁓ and then in February we had one too. We had it in September, like before the right when that one was pretty obvious. I mean, they literally cleaned it all up and then earnings was a week later and then just gone. ⁓ it's you know, for us twenty percent nowadays is like fucking banger. So dude, the the definition of like a move is so different now. Yeah. Yeah. If we get a twenty percent. If we had like a four percent day, it would be crazy. Yeah, you make money too. Well, I, you know, I viso though. I'm still going down too, by the way. You're just saying something about that. ⁓ yeah, so ⁓ you know, that's a catalyst that I'm watching. We'll get it we'll get a head no heads up on that one. But ⁓ I know you watch the XRT stuff pretty closely, so wanted to Yeah, I'm intrigued. I mean, definitely hopeful of that. ⁓ it's funny though because the the the fundamentals are so much better. So it's like I I jump just it's like so much easier to h to hold on to that now than being obsessed, hyper obsessed about the mechanics, which I obviously am and I'm never gonna stop, but Yeah, it's hard not to. It's a good position to be in, you know, it's a better position to be in. Yeah. Yeah, for sure. No, I'm a I still I still like the mechanics, the the cycles. ⁓ what's going on with the option chain because it's all it's all manipulation, you know, like all that shit they're doing just to keep ⁓ keep us in line for whatever reason. I don't know though. I mean there's a lot of Bond shit happening nowadays that Well if you just told me that IV would be near record lows shortly after andor before GME posts its best quarter one in history and is in the process of attempting to acquire a behemoth company, I would laugh in your face and say you're crazy, you know. From when like that's where we are. That's literally what's happening. If you would have told me that in like any point before twenty twenty four. Well I don't know. I was pretty deep on like so twenty twenty one, I I anything was possible. Even twenty twenty two because of the marketplace, but you know, twenty twenty three to twenty twenty four is real sobering. So from June of twenty twenty two was interesting. June of twenty two? Yeah. Why what's that? Well, we I mean there was just you're talking like that that was extreme volatility as well. ⁓ yeah. Twenty two was great. Both okay, yeah. Well that was so June, July, and August was ⁓ the bed, bath and beyond stuff for RC. But there was some major swings like quickly. Yeah, that's where my rocket is. 'Cause that's what I thought was. And like I remember May it started to really pop and then a deep retracement and then it kind of coiled up and then just like by the end of summer it just shot up. I mean Bro, twenty twenty two was great. It was the NFT marketplace. RC pumped that March run, that March Q, you know, twenty or the, you know, year end earnings hard and like he announced the split. Like that was the only time you ever pumped it and it ran like fucking Gangbusters. I mean, not the only time. I think he pumped us in January too. This most recent one. 164% in March 2022. That was the NFT news. Pretty good earnings. RC bought. RC announced the splivy, and then they sold us all the way back down May and June, like you're saying. Yeah, it's another it's like I'm in on cycles at this point in my like they're just consistent as fuck. You can get rugged if you don't, if you don't time it right. But ⁓ Well, this one, okay. If you want to like, if you fast forward to present day. This one to me in June is hilarious because it looks the exact same. If you start about like May four, right, like right around when XRT goes on reg show, just straight slam down, brief blip, straight slam down. Then you have a surprise earnings. You get that big pop over the moving averages and you slam right back down. It's the same exact thing as ⁓ spring of twenty twenty five. The same exact pattern, same XRT on Reg Show. You get the brief earnings blip. Back then they did a bond offering, but I guarantee ya. No bond offering, that thing slams down, regardless. So it's like Yeah. History rhymes. Does it repeat? Maybe not, but this is eerily similar to that point in last year. Eerily similar. Yeah, just not the ⁓ Yeah, that bond offering. It was the Bitcoin announcement rug, still the first company, I think. Well the the Bitcoin announcement rug was hilarious because the stock was already up at like $37 in pre-market. They sold it off before any of that. And then when they announced it, it was a dump, like another massive, massive dump right before that second bond offering. So, you know, just like the the timing of these things is really funny. Yeah, that was a that was an ⁓ OPEC settlement run ⁓ in for that May. I got rugged pretty hard then. I did well, but that was probably our last real good. Real good fucking move. Agree. And that was nice because like even when XRT was on Reg Show, the price from April one ish to the end of April, like that was still a thirty percent run, you know, wick to wick. And then they pull it off reg show and then GME goes another forty percent. So like that was nice. Like that was a nice extension. And that's kind of when, you know, it's like earnings per share started really getting nice and green. But mechanically it's different now. Like there's a lot, you know, and I know shares authorized, whatever, but ⁓ there's a lot more ⁓ parts moving around now. There's a whole lot than there were back then. Yeah. You just see like even with the bond stuff, like you'll see these trades come through. ⁓ and dark pool trades will show up. I think I I don't know, we see And with the warrants too. I mean, that whole options chain, dude, is just a mess. It's a mess. And I don't I can't say that I know enough mechanically about that, but I'm sure if I had to guess, I'm sure that's not helping things at strategic times either. No. Well, you could see. I put up the thirty last 30 days on the on the screen right now. You can see when the Bury FUD happened. That was our peak. That was our last, like until just like the earnings stuff. That was our last positive day of of net call premium. It is horrifying, isn't it? And then look it just was fucking so bad, bro. Three million, like and it was the whole month of May. And then it's they're doing it again. I mean, we're back negative again today. It's the move now. Like fucking it's it's a mixture of that we have a whole bunch of retail shareholders out there that that have seen us top at twenty five over and over again. ⁓ I feel like we got we started to see we got a whole bunch of people calling seventeen or whatever it is. So like ⁓ Retail they've been here. Those people have been around for a while too. Yeah, you're right. I mean, ⁓ my gosh. It's like, dude, you know, it's and it's so funny. It's like as soon as GME touches like twenty dollars or so quick, seventeen, seventeen. Next day GM's at like twenty three fifty and you know, you don't hear from those people again for another three months. So Yeah, I know. Yeah. It's not gonna happen. Like I I well I mean it could it could be like if you want to talk about macro if you want to talk about macro and being geopolitical. I mean that could flip even worse and whatever. So I don't want to say that couldn't happen. It's just I I think that crowd is is similar to the crowd that is like, RC hasn't done anything for the company. Like, you know, I'm not voting for that. So, you know, it's ⁓ kind of run in the same group there. Yeah. Same people. Just looking at the chain. Not much, not much happening. There's nothing, dude. I mean they're like It's so it's so interesting. Premium is gone. And when you think about like the timing of all this, or like it's GME has never looked better. And yet people don't want to touch options with a 10 foot pole. Well, yeah, because they can like for me even, like, you know, right now it would feel like a leap would be an amazing idea. It's super cheap. IV is ⁓ thirty-eight point nine right now. We're down three points of the day. ⁓ we got Ivy, we're still, I guess, getting Ivy crush from earnings, the surprise earnings that Ivy didn't run on. I mean, it could be, but at the same time, then they could issue a ton of stock to do a deal, which like is probably pro-positive long term for shareholders, but you know, could just destroy what's left of Ivy too, you know. So I get I I get it. I get it. But it's definitely now I feel it's more of like a bit of a I don't want to say a psyop. But like after that report, man, like, you know, the fact that Ivy's still the slow is hilarious. I agree. ⁓ I'm trying to see what's up with those. We had some pretty cool trades. Ivy is is hilarious. It's fucking anyways. Yeah, what I was trying to say is like you would think a call a a leap would be a good play. You know, we got all this cool shit happening. We have all these potential catalysts, not even named Roaring Kitty. and ⁓ I still don't I'm I'm just gonna wait. Like that's where I am. Like It's yeah so it's interesting. So October sixteenth, twenty twenty six, thirty-two strike calls are selling for seventy eight cents a contract right now. ⁓ wow. That's yeah, it's and and so think about warrants. Think about warrants that are three dollars and twenty eight cents. I mean, talk about a total mispricing and granted okay you get another two weeks there from from the warrants but is two weeks worth three dollars on GME absolutely not ⁓ no that's crazy ⁓ I didn't that nuts I didn't realize it was that different I knew I knew it was getting pretty far apart but but that just shows how much they've killed this chain. Wow there's there's a way there's gotta be a way to like play that I'm not saying I I wouldn't I I wouldn't I it's that's extreme high risk I just thought that that price discrepancy was really drastic. Hmm. Like I and you know, it's it's interesting. Like if we're we kind of talked about Keith Gill earlier and this and that, but like if someone with extreme knowledge of options and deep pockets, like this is a very dangerous game, I think, to play. And I'm not saying anyone's playing a game, but it's a very dangerous price. for for them to even like that chain in particular, someone could blow that up easily. Easily. Yes. But there's just not an appetite, I guess, for anyone to do that. No. No, I guess not. I mean those those were trading at this is crazy. It on May first, that same strike in X Free was trading at two dollars and forty four cents a contract. They're at seventy nine cents today. Yeah. Yeah. I mean that is terrifying. It is terrifying. GME had a twenty two a and and what's happened, seriously, ask yourself what's happened to GME in that span. It's if anything, like we are reassured that this business is like tremendous, you know, and and growing. Yeah, you're right. Yeah. So I think I we're coming up on your time. Anything before you gotta get you wanna get out of here? No, just good to catch up. and you know I think I'm really trying not to use the phrase decades and centuries again. ⁓ Yeah. But it like in these moments it feels that way. And then two weeks later, you know, when you're above twenty eight dollars, you know, it's it feels a lot different. So I think I've just ⁓ not that I think that's gonna happen, but just how quickly things can change, you know. Yeah. Yeah. Thanks for coming on, bro. I appreciate it. It's been it's been a while. We'll have to Yeah, you do catch up, Fitzy. Yeah, you're you're a busy dude, but I've been doing these streams on Mondays, so we'll have to have you pop in another time. ⁓ definitely. Looking forward to it, man. All right. Well, I appreciate it. ⁓ I'm gonna I think I'm gonna go to ⁓ twenty two ⁓ nine guys. Looking pretty good. up one point three three percent. One point seven million, let's call it one point seven four million on the day. Let's fucking go. All right. All right, everyone. I appreciate you coming out. I'm gonna ⁓ so the show will be published probably in the next two days. Probably on Wednesday, I got the next couple days off. My wife's out of town, I'm gonna be hanging out with the the girls here because they're on summer vacation too. So I'm pretty excited about that. ⁓ but I'm gonna get the episode out. I'll put last night's with Bartuk, which was really awesome, together with with today's and Reese, and we'll have a nice little episode. It'll be out on Spotify. Charts looking good, y'all. Fucking twenty two ⁓ nine. fucking go. What's the option chain? didn't happen. Alright. All right. That's good. All right, y'all. I appreciate it. Have a good one. Thank you very much. Let's fucking go, GameStop. Bye. Can't stop what's coming.