OT: $GME
- Thread starter John_J_Rambo
- Start date
It’s a dangerous game of cat and mouse, some people are going to get really freaking rich, some are going to lose their asses.
I want to lose some of my ass AND get rich.
GameStop is going the way of Blockbuster
Not sure how they will survive in the new market
Majority of games are purchased in digital form, used game market dried up
Not sure how they will survive in the new market
Majority of games are purchased in digital form, used game market dried up
I guess I don't see what makes them special anymore in the retail space.
Amazon, wal-mart, bestbuy, etc have squeezed gamestop to the brink.
They've been on life-support for almost a decade.
If you're long their stock you've been given a gift.
Their current EPS is -$4.18 with nothing in sight to bring them back. If you're a short seller you're just getting in at a higher price.
Yeah especially with digital edition consoles, going to be tough for the brick and mortar gaming stores to stay alive.
Having been following Wallstreetbets on reddit without having any skin in the game, I find it funny af. GME rocket to the mooooon baby
What the wise do in the beginning the fool does in the end. There is no new revelation about GME's prospects to make money. CHWY itself can't make money during a pandemic, how is CHWY ever going to make a profit once this pandemic passes over? CHWY at it's best loses money. The founder of CHWY won't buy 1 single of share of it after he sold it. The dude bought GME on the cheap thinking he can help it, but there isn't a lot he can do differently. GME is massively overvalued.
However, I'd rather own GME than bitcoin, because GME's intrinsic value is > $0.00.
A dollar is currency, bitcoin is a computer program labeled as an asset, definitely not a currency. In addition, Bitcoin is a computer program that does no useful work, other than sucker in more credulous people thinking it's a real asset.
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You should copy the above and put it in your signature line so everyone can see it every time you post. A
Which will exist in 10 years: GME or BTC?
Short squeeze plus angry investors on wallstreetbets pooling their money together to try to strike it rich against Cintron.
I hit some good ones, at the start, lvgo,plug,tesla,nndm. the last 6 months you had to try, to lose money...which covered my mistakes
I throw losers away quick, like the other day I bought stock in a okie company that did oil, then biden signs something bout no federal oil, and it crash, so the next day I bough a freindly biden oil stock, fang..and it's went up enough to cover my loses on the okie stock
I throw losers away quick, like the other day I bought stock in a okie company that did oil, then biden signs something bout no federal oil, and it crash, so the next day I bough a freindly biden oil stock, fang..and it's went up enough to cover my loses on the okie stock
But in the very short term there is a massive wave due to people who shorted trying to hedge. Major buy bossting value. It will crash ala QS. Just get off the train in time.
Just discovered the GME story.... awesome! Will be taught in the future regardless of how it ends.
AMC is the next Reddit Cinderella story. Where will it peak?
It won't go nearly as high because the shorts see what happened here and are already hedging.
So they halted trading for g-stop? Anyone else consider that to be total bullshit? Something tells me if the little guy was getting nuked they wouldn't stop anything, but gawd forbid the large institutiins lose money, can't have that now can we?
Did it actually get halted?? Or are they just talking about it?
Did it actually get halted?? Or are they just talking about it?
Its still trading. 74 million transactions and counting vs 24 million average.
Market cap went from 155 million to 23 billion in 2 weeks. Looks like this might be a 25-30 billion dollar hit to the shorts, lol. The SEC is probably going to step in.
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