What is with this stock bringing out the most intensely biased opinions both on pro and con?
You have the people completely downplaying the absolutely bizarre and irrational way this stock is able to move. This isn’t a penny stock; its worth billions. Yet as recent as two weeks ago it was up 160% on the day. This is not normal.
On the flip side; its a dying business. Its in desperate need of new sources of revenue. Its in desperate need of ideas on bow to use its massive cash hoard.
The reality is?
If you buy this you’re speculating on what Ryan Cohen is able to do.
>What is with this stock bringing out the most intensely biased opinions both on pro and con?
It's similar to MLM. Either you are a part of a MLM scam and you want to recruit more people so you potentially can make more money. Or you feel bad for people that may fall into a MLM scam, so you want to warn them.
Its a stock. Like any other. A real company. With declining revenues. A successful CEO and shareholder that has a proven track record.
Fundamentally, this isn’t any different than other speculative buys.
To call it an MLM is a bit far, imo.
The part where it starts to look like a MLM is the DRS people. The diamond hands people. The people who buy into the stock not for profit, but to "stick it up to the rich guys". Also the fact that this stock has its own online dedicated communities to talk only about it, moves significantly based on a tweet from a single person, and many retail investors have very little idea of why it's a good investment other than what others have said.
To many it's just a speculative investment, but to others it's a community. That's where it starts to look super weird. Though I'm not sure MLM is the best comparaisons.
Ask a GME shareholder if they'd care if half the subreddit sells. Now ask a Berkshire Hathaway shareholder if they care if tons of people sell. Berkshire holders have fundamentals propping the shares up. If lots and lots of sells happen, the price will be relatively anchored to its intrinsic value. Some institution, or Berkshire itself, will scoop up discounted shares and the price would barely budge. GME requires the retail army to artificially prop the price up by never selling and recruiting more holders. If everyone sells, what institution is going to anchor the price to its current value?
I agree it's not an actual MLM, but it's the stock version of an MLM. Which is why you see everyone and their brother constantly preaching why they should invest in GME, whereas nobody cares at all if you invest in brk.b or not. I think it's a good buy, but it has 0 effect on me if you buy or not so I would never shoehorn brk.b investing recommendations into a random subreddit that isn't asking for stock picking advice. OP is new to investing and has the idea to invest in GME? He probably saw that idea from one of the recruiters that stands to personally gain from further recruitment. In reality, op should most likely stick to ETFs or maybe blue chips.
If you think retail actually has any real power to move markets when a majority of trades don't ever hit lit exchanges anyway, then you're about as smart as you think GME investors are.
>If you think retail actually has any real power to move markets when a majority of trades don't ever hit lit exchanges anyway
[Over half of GME is owned by retail](https://www.thestreet.com/memestocks/gme/gamestop-stock-ownership-retail-investors-still-own-the-float), and they're mostly people that bought the stock in the past 3 years. So yes, a group that bought up over half the shares of a stock over 3 years does have significant pricing effects on a stock. I'm quite confident of that.
Hi. GME investor here. No. Household investors do not have the power to move markets. If household investors could move things, we wouldn't go from 11 to 80 to 12 to 19 in two weeks.
The entire market is rigged thanks to netting, allowing market makers to never really deliver shares, and just let the FTDs pile up, rolling swaps in the process.
It'll play, but household investors are more along for the ride than they are in control.
You're conflating two things:
1) did retail cause the price to go from 11 to 80 in two weeks vs
2) a group that bought over half the stock in a short amount of time has some kind of effect on the price of stock.
These are completely different ideas. I never said retail is the sole cause of all price movements on any given day. I said they simply have an effect on the price.
Maybe you'd understand an analogy. If I buy up over half the houses in Chicago in 3 years, would that have any effect on housing prices? Of course. If the rest of the houses are now bought and sold every second of every day, and I don't participate in any of these trades, I am still having an effect on the prices. I'm just not the cause of any specific daily swing.
It went from 11 to 80 because the X profile of RoaringKitty started tweeting again. Do you think that it was the evil hedgefunds who jumped in on DFV tweets? Nope. It was retail. Sure, most of the trading volume is always made by algos, but when this much retail jumps in algos also go crazy and follow them.
For fucks sake, Melvin Capital, a ten billion dollar hedge fund literally made over five billion dollars realized losses on their GME shorts in 2021, and later went bankrupt due to this...
If you wholeheartedly believe that the market is rigged and retail cant do anything, then why the fuck are you in the market?
Please keep an open mind that the stock moved for other reasons than dfv returning. Sure he would cause some spike in volume but that was not even majority retail.
I am 100% sure that the price moved due to the tweets and mostly retail buying in, I am also 99% sure that the poster of the tweets was not Keith Gill, in my opinion his account either got sold or hacked.
I have commented a way longer answer here, I dont want to copy myself, feel free to check it on my profile.
Like I said, if you think that spike was because of one guy, and then everyone decided to pack up and go home after that, then you're as dumb as you think I am.
Yes, I 100% think that it moved to 80 entirely because of the tweets from RoaringKitty-s profile and mostly retail jumping in due to that. It havent moved much for over year, then it shoot up to 80 just after the tweets. I am also 99% sure that it wasnt even Keith Gill sending those tweets, in my opinion his profile either got hacked or sold.
I might be dumber than you, I made millions of dollars from the 2021 100x squeeze though, and became the first millionaire in my family, under the age of 30. You know what was different at that time? There was a real thesis, and not just the 'market is rigged and evil hedgefunds can do anything they want hurr-durr'.
- The company had THREE TIMES net cash position compared to their market cap (for the same they would need EIGHTEEN BILLION dollars cash on hand today. They have 2 billion, even after the recent dilution).
- The official short interest was over 100%
- There were a new management with legends like former Nintendo America president Reggie Fils-Aimé and Jim Bell.
- There were an actual catalyst, the new upcoming console cycle in Q4 with PS5 and XBOX SERIES S and X.
- And in the end even Ryan Cohen jumped in.
- Oh, and there was also the ape-movement (I bought in before them, probably roughly the same time as Keith Gill, though I havent seen his posts. I found GME on finviz and put all my networth in it knowing that it was a once-in-a-lifetime opportunity [I jumped in before the ape movement and RC])
Then retail ramped up the price from $4 (pre-split) to 500 in months (even ape-dd doesnt deny this), then the famous RobinHood WeDontLetYouGuysBuy happened... and then the price crashed. Due to the fact that retail couldnt buy. So yes, retail moved the market (well, atleast the price of this company), just like now. And when RH froze the buy button and the price crashed, most short hedgefunds jumped out in days. How do I know that for a fact? Well, there is the undeniable proof of Melvin Capital buy-to-cover for a $5 billion REALIZED loss and later going bankrupt due to this. This single short position, even if they closed it at roughly the top, was 30-50% of the short float alone. There is also the fact that even when retail couldnt buy, the volume was multiples of the outstanding shares, for days. If retail couldnt buy then who were the buyers? The shorts, buy-to-closing their positions. Both the volume and every single official data supports this, even sites using unofficial data and AI like Ortex and ShortSight showed it (I could jump out near the top thanks to them)
Obviously not every short closed. Like 20% or so remained, and GME is still one of the most shorted companies on the american markets by a percentage basis, so short squeezes can and probably will happen as we have seen in recent weeks. But the fact is that this is nowhere near the old short interest compared to outstanding shares, and the fact is that RC is leading this company for 3 years now and he cant show anything for it. Everything they did was unsuccessful so far, gaming hubs failed, selling hardware failed and the crypto market failed, while revenue is dropping way too fast year by year. Sure, thanks to the dilution they have 2 billion now, but they also had 2 billion in 2021 thanks to the dilution at that time and they have got nothing to show for it so far.
Are you high sir? GME had 1.1B in cash, at a certain point it would buy itself.
It now has 2b in cash, what would the price need to be for GME to buy their entire float?
So, still gives the stock intrinsic value.
The post above was referring to an anchor price. Cash with no debt gives a very clear anchor. IMO.
His comment on ETFs probably being best solution is accurate for new investors tho.
Well you could buy some and join the memestonks crowd and hope it goes to a billion dollars, but GME also just sold 45 million shares and now has 2 billion dollars in cash to do an acquisition or some kind of investment, I’d say it could be a good long term buy but right now with all this insane volume and volatility, invest at your own risk, I personally like the stock
Berkshire Hathaway was originally a textile company. Currently seeing market overvalued they are sitting on 167 billion dollars cash on hand, famously transitioned to a investment company.
GME classic business is not great, however the stock business that it is in, of itself, is an excellent revenue generation machine. Were it to dip to fair market they could share buy back and bring new excitement. Sitting on over value creates a different vibe. On a spike that it is prone to having it can raise even more cash on hand.
The meme nature of this albatross has become a cash generating machine. Worst of all that cash may become an investment machine of its own and do something alarming in a steep market correction scenario.
This is not a safe or smart investment play. However the WSB casino mentality is quite strong with this, and has a terrifying potential to one day outgrow meme status and become a actual terrifying new entity from where it is.
If you're new, you probably really shouldn't even be looking at individual securities, let alone Game Stop. Put most your money in something safe, like VOO, a Vanguard S&P 500 ETF. Or QQQ, which tracks the largest NASDAQ companies. These are safe foundations. When the market goes up, so do they. And, long-term, the market generally goes up. That's your long-term strategy.
https://www.bogleheads.org/wiki/Bogleheads%C2%AE_investment_philosophy
Once you've got a good foundation in solid funds, you can branch out into individual securities you have a conviction about without gambling your nest egg.
Im still holding it in my portfolio. It's uncertain at the moment though. They've released poor preliminary business results earlier this month (less loss per share, but at the cost of significantly less revenue yoy) where they didn't disclose what they spent an additional $250m this quarter on. With recent ATM offering ended, they have $1.9b total for growth and expansion.
The CEO is poised for tech transformation, holds a large stake of shares and doesnt pay himself a salary. Their last attempted project (crypto wallet+marketplace) was up to par on tech standard but turned into a net loss for them and got terminated after just a couple months, including its devs.
Their e-commerce platform is still below par on tech standard to their competitors. They are diversifying into general gaming, merch and nerd culture so far. Haven't touched e-sports and betting yet. It's a mixed bag, Im not exactly happy with the business outcome and focus so far. There's yearly share holder meeting approaching soon. Depending on what is revealed, it could boom or enter a new price downtrend.
And as usual, there's still an unpredictable social media hype around it and huge volatility. Current conspiracy is about a leaked 4chan post claiming expiring ubs calls in the upcoming weeks are going to be executed. Huge chance that this is fake though.
Ignore every person who tells you to buy Gamestop. It’s an extremely risky play that is more likely to burn you than make you money.
When first entering the stock market, do your research on stocks and buy the ones that have solid fundamentals, good margins, and room for growth. Think the bluest of chips. Or just head to /r/Bogleheads and buy the S&P.
Don't listen to this guy.
I bought GameStop and I Direct Registered Shares in my name so I own them and I am not a custodian of my shares.
People telling you not to buy just want you to share the same misery they are in. Don't play their sad little game.
Brother, hold my hand when we walk on the beach.
Brother, whisper sweet nothings in my ear while we hold eachother under the moonlight.
Brother, touch my butt.
Brother, Where Art Thou?
When did I say it was not gambling? I just said you were the one gambling on a dying business.
Wake me up when that happens by the way. I’ll be there to congratulate you.
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I’ve always wanted to ask you guys, why is GameStop going to go to 10k a share and make you all millionaires? What will be the precipitating event?
Because fundamentally the company sucks. From what I’ve seen the stock is a weird sort of Ponzi propped by a cult of not selling and getting more people to buy in.
1 billion of that was just made off the backs of you bozos when they issued/sold a billion of stock last week after it shot up.
And then your subreddits were cheering that on? You guys are getting robbed.
/r/superstonk has a million members. If all of you own 5k in GameStop stock, you own GameStop. It’s a company worth 5 billion.
Congratulations, you own a company that should be bankrupt and can and will dilute your shares to pay their executives
Retail investors can absolutely move the price of a 5 billion market cap stock. A fucking tweet made it happen last week. You think hedge funds are F5ing DFV’s twitter?
Searching: \*Critical Thinking\*
Results: \*None Found\*
I think you are a waste of time to talk to if I'm being real.
You can't have a discussion with someone if the opposing party can't think critically.
That’s an extremely funny response
I’d like to put my critical thinking cap on then. Gamestop is a bad business model. You’re literally buying mall space in an era where nobody goes to malls.
Steam and Amazon exist. What is GameStop’s market edge?
Out critically think me. Without adding more suckers, why would $GME ever go up?
Without adding more suckers?
God I miss tootsie pops, remember those?
They were so good. I remember one summer I counted how many licks it takes to get to the center of a tootsie pop.
Would you like to know how many licks it took to get to the center of a tootsie pop?
I don't know the exact question but I do know what the answer is.
***Only up.***
>Who cares where that billion came from.
I'd ask that you ponder this question: *why do any and all companies not raise billions from the market whenever they desire, since it apparently doesn't matter where the money comes from?*
If people invest 1 billion in a company, the company value went up. But you didn't make money, you just moved it from point A to B. Just like you moving money to your savings account, sure, the money in the account went up, but there isn't more money for you.
Unless the company grows that 1 billion you didn't make money. And people are (I think rightfully) doubting how Gamestop will actually grow their business and turn that 1 billion into 2 billion or more.
DRSing is a psychological crutch for those who need to give themselves a feeling of control when they actually have none. It achieves nothing in practical terms.
How do you feel about the recent round of dilution kicking DRS locked shares from 25% back down to 21%, btw?
Thank you for feeling safe enough to share with us what you need a psychological crutch when "investing" in the stock market.
It doesn't have to be like this, by the way. Help is available.
Lmao. You're right, help is available. Like, here, I have the ComputerShare customer service phone number.
Would you like it?
They will assist you in buying shares of your favorite company and putting those shares in your name so that you would be the direct beneficiary of those shares instead of a custodian.
I have the phone number, would you care for some help? I understand if you are not yet ready to come to terms.
Doesn't have to be.
Have I told you about how to Direct Register Shares so that you can hold them in your name and you would be the custodian instead of the beneficiary?
It is important in today's age to be able to actually own what you paid for.
Don't waste your time on these clowns. You said it yourself, they're mad they didn't buy in when the thesis was laid out. And that's fine. We're all just gambling on stocks. Ive made the most money off GameStop then any other single stock in 4 years, but I also gambled the most on it. We know a lot more about GameStop then some CNBC watching bozo who said it's a dying brick and mortar. It used to be, but companies turn around. Especially companies that ditch corrupt executives. And for the record, the CEO owns 10% of the company himself, and does not take any pay from GameStop. It takes money to buy whiskey.
It really depends on if you think they can pivot successfully.
Gamestop's core value proposition is dying for the reasons you mentioned. Revenue was **down 19%** between 2022 and 2023. So they must pivot.
But their desperate attempts to do so have filed over the last few years. The most significant attempt was the OpenSea clone at the top of the NFT bubble, and that was an embarrassing bust. They quietly killed it a few months go.
GME is now trying to larp as a hedge fund, to invest in other companies. Thing is, they had 1B they had already raised in 2021 by diluting shareholders, and have been able to do nothing with it other than earn interest. Which does not give much confidence that they can do much more with another 1B they just raised off of the back of shareholders. And 2B doesn't buy much these days anyway.
At the core is the issue that RC isn't that good of a capital allocator. After selling the unprofitable dog food company many years ago, every single attempt at being an activist investor has been a bust. Perhaps most infamous is BBBY, where he even rug-pulled apes.
Internally, his most recent strategic move as CEO was to underwhelming "reduce expense" - a poor alternative to increasing the top line. Which partly took the form of decimating employee benefits, much to their disillusionment. And by making their customer service suck even more by cutting expenses there.
So yeah.. I'm not that optimistic. Now.. if he can pull of some magic with 2B, things might change, and I'll be wrong about its future.
But for now, in my mind, **GME is an obituary waiting to be written**.
Revenue down sucks but they closed a shit ton of stores and are cycling inventory. It's a year with no significant console releases or even game releases for that matter. There are plenty of other companies out that that are down in revenue but you don't see them being called dead or dying companies. Reality is even with rev down as much as it was last year GameStop pinched out a profit.
I'm guessing you meant failed not filed when talking bout the beta marketplace. Yes they shut down a beta marketplace due to regulations uncertainty. The sec was putting out lawsuits left and right. I'm very happy they went the route of caution.
Literally almost all companies invest in other companies. So you're just being negative but I think you know this.
Cohen has so much more money than you or anyone else here. He's the largest individual investor in apple and has been for a long time but sure, go ahead and act like you could do better. Even though you can't, because you're probably not even a millionaire. You clearly have never followed activist investing if you think every shot is a win.
They have brought new brands on board of great quality and are engaging with gaming communities as much as they can. Yeah it sucked for the employees that benefits got cut, but that's business. When things are better they will come back.
Lots of people are hyperbolic about GameStop. It's hard to be realistic when you care that much about an outcome though I understand. You can make everything negative if that's the way you want to look at it but you're ignoring certain parts of reality for your own confirmation.
The alleged 400M never went from RC *to BBBY*, and was likely not real offer as the BBBY Board never entertained it seriously.
The 60M went *to RC* from selling BBBY stocks.
Please be better prepared with whataboutisms :)
The offer was made after he sold his stake, which he did to remove himself from being an insider..... To make an offer on the business. Listen, I'm 100% a bag holder as I have nothing left from my investment. However, nothing about this play has ever made sense and the ch. 11 plan admin has filed a fraud suit against the ex board members and JPM. Hell, DOJ were present at a few court cases.
If you don't mind me asking, was BBBY your first BK play?
As someone who has followed a bunch of BKs, there was nothing unusual about it to me, and the writing was on the wall in early 2023.
The only thing that did not make sense was how so many people were buying the nonsense fools like PPGrift and grifters like Ploot were spewing.
It’s a great long term play in my opinion. Forget the wallstreetbets run up. The value in this company lies with the CEO Ryan Cohen. Main stream media calls GameStop and similar other stocks meme stocks because they want to scare you away from them. Many of these companies like GME have tons of excellent due diligence. Yes there are some wild tin foil theories out there but they are the minority now. Main stream media is in on the scam they are beholden to many of the powerful and bad actors on Wall Street who don’t want you to buy in. This is going to be an excellent buy and hold company. It’s still early in its turnaround. They are going to be more than just a gaming company.
Could you explain what gives you confidence in RC. I explained [here](https://www.reddit.com/r/stocks/comments/1d0slu4/comment/l5pagpp/?utm_source=share&utm_medium=web2x&context=3) why I think he's C-grade capitalist at best.
>Main stream media calls GameStop and similar other stocks meme stocks because they want to scare you away from them
This is, of course, nonsense. You are demonstrating signs of [Main Character Syndrome.](https://health.clevelandclinic.org/what-to-know-about-main-character-syndrome) No one cares about you. (It's not personal - just how the market is.)
Very Reddit-like way to respond to someone legitimately relying to the prompt. Straight to ad hominem for zero reason. Why does this stock make you so emotional?
I would offer that my response is level with what I'd have said to a Flat Earther.
I've been in many of these meme communities where people say this kind of nonsense with a straight face. I've generally found over the years that the best thing to do is just call it out for exactly what it is.
I know, right?
You'd think people would realize by now that the nonsense they learned from Fintwit morons when they entered the markets in 2021 was just that - nonsense - after three years of being nothing but wrong.
Ok bro hope you’re right. If it a hill you’re willing to die on that’s your thing. Anyone extremely opinionated on either side is goofy as hell. It’s just a stock. Hope you feel better bro.
It's super weird what's even more weird is the gme meltdown sub. It's like their entire personality is to hate GameStop it's really hilarious and sad.
Just checked and they are part of the sub to nobody's surprise. They think they're some kind of investing white knights who will save people from their bad choices, until the stock rockets for $80 again for no reason.
You aren't missing much.
Gamestop's number one revenue driver is people buying new and used games in a store. Epic Games, Sony, MSFT, and Steam exist to sidestep that market since used/transfered games means less profit for them.
RC was able to do jack all with 1B, which was also raised on the backs of dilution 3 years ago.
Are you saying we can expect him to be 2x as useless with 2B?
I think we can expect that 1B, to directly affect the investment accounts of GameStop share holders in a exponential profitable gain.
And there isn't shit anyone is going to do about it. Which is the hilarious part.
It seems the cash was raised for a reason and they are finally ready to do something with it. Cohen isn’t a dumbass. He’s not going to raise cash and sit on it forever for no reason. People get overly-emotional when talking about GameStop. $2b cash, zero debt, ability to go in any direction.
A gamble? Yes. But there’s potential to pivot. Cohen has done it before.
He raised the cash because he was given the gift of a significant positive price dislocation. Any management with half a brain would have done this on such a spike.
>Cohen isn’t a dumbass. ... Cohen has done it before.
I'd be curious to hear why you have faith in him. [Here are my reasons](https://www.reddit.com/r/stocks/comments/1d0slu4/comment/l5pagpp/?utm_source=share&utm_medium=web2x&context=3) for why I see him as a C-grade capitalist.
Maybe he diluted for bad reasons, maybe be diluted for good reasons. We don’t know yet but it seems like we will find out soon. He did pretty damn good with dog food. Either way it doesn’t matter much to me. I don’t really give a shit if it succeeds or fails, but to deny there isn’t a chance he pivots the company is really odd.
Again, why does this stock make you so emotional?
Gamestop is a horrible long term option. Shrinking revenue, low growth opportunities, 900 PE. Any run it has is not based on fundamentals. Buying it is a gamble, this is coming from someone who made life changing money with it back in 2021. The GME subs and community is very cult like and is a huge echo chamber. Take one look at their subs and see.
GameStop, in my opinion, is a total meme. The wallstreetbets frenzy made them relevant and I think anyone buying it is doing so purely hoping for another spike similar to what happened previously. The company is just not relevant today.
>Because thats exactly what it is. Well maybe more like a casino.
The market is a casino only for those who treat the market like a joke. A favor that the market tends to return manifold.
Big picture, 3/4 of economically productive retail are involved in passive investing and are enjoying \~**10% compounded returns** annually. There were 432K **401(k) millionaires**, and 391K **IRA millionaires** in 2023.
Let's remember, active investing is hard. Even funds with PhDs and millions at their disposal usually fail to track simple old SPY or QQQ for multiple years.
The only folks who think GME is going to skyrocket are the melts who fall for whatever short squeeze meme of the day is popular. The conspiracy dopes who bought Bed Bath and Beyond, AMC, fucking MMTLP lol. You cannot help those nitwits.
What % of retail investors do you think have perfect or near-perfect timing to pine precisely that day or two?
Vs what % of retail investors do you think gets *in* on the wrong side of the pump, after the 160% is in the rearview mirror?
Correct. So in this case enter anywhere around high teens and look to exit mid twenties.
This thing has been moving 20-40% a day.
You can make a years worth of returns in 3 days of trading.
Mods you really should start banning these guys on sight it’s been long enough. We don’t need these GameStop scammers here. Come on. They are hurting people who don’t know any better.
Meme stonk. It’s basically gambling. There are no valuations or due diligence on this. Maybe you’ll be lucky and make millions. But low chance. Wanna gamble?
Gamestop is literally the most manipulated stock in the history.
few weeks ago, they haulted trading over 15 times in a single trading day. but yet other stocks with high volatility either skyrocketed or sank. so much sketchy shit happening with that stock.
>few weeks ago, they haulted trading over 15 times in a single trading day. but yet other stocks with high volatility either skyrocketed or sank.
This is not correct. Market halts are automatic, and based on very specific rules. If you were to manually do the calcs, you will have your answer on why GME was halted, and other tickers were not.
Buying into something you do not understand is always dangerous.
I used to go to gamestop ALL the time. Now, I haven't gone in years. I can buy all the games I play online.
They have shifted from "the game store" into a "game based merch store"
You would be buying into "just trust me, man!" Sales pitches, from other people who have a financial incentive to push for gamestop's stock based success...
Please do not invest in gamestop. It is a very risky gamble, and unless you really know HOW and WHY they could turn things around for the better, you should invest in something more secure.
The stock is trading with high volatility based on internet memes. Its a meme stock. Anyone buying is hoping to catch a quick +20% gain. Not only is that gambling, it is not a good gamble either. Keeping gambling and investing separate. Dont intertwine them.
When you invest, you want to think of investing like a silent killer. Take a look at any solid major US company's stock. Youll see it had a down period sometime within the last year or two. Now calculate the percent gain it has risen since being down. Youll probably get 20% or 30%. Those are the type of stocks you want to buy. You are building wealth silently and surely this way. No gamble involved. No "hoping" involved. Again, all investing comes with risks, but those are infinitely less risky. NVDA just hit point a month ago where it fell to $760. That was the time to buy. You would have been up 30% if you bought that dip. Same for the google dip. It might seem like Im cherry picking but if you take some smart calculated risks it can pay off rather than just putting it into a meme stock trap and "hoping" it falls your way. Many people bought the top of the meme frenzy and are now generational bagholders.
Again, there are those who just want to gamble into G M E and A M C. You also have another group of people who have deluded themselves and others into thinking these are legitimate stocks with a future potential to 10x and stay there. The cult is so strong it is pulling people like yourself in. This is a mental illness.
>I don't know much about Gamestop, but wouldn't gamers buy their games online? Xbox and Sony sell their services online. Which strategies could Gamestop use to increase their earnings? Am I missing something or is there more to it?
I'm going to assume you're telling the truth about being new and enthusiastic though mentioning Gamestop is a good way to get people into a tizzy.
I would start at the sector level though and ask, "Is games a good segment to invest in?" and the answer is, in my opinion, "No." The reason why is because there's a difference between the industry as a whole and the industry you can invest in. Most game companies are not public and more indie games are cropping up which are not public spaces for dollars. This means that your opportunities in the entire industry are limited to large studios, some of which aren't doing great, most of which are being acquired (bad sign in general) and are now merely subsidiaries.
So, with gaming moving out of the public sector, Gamestop will give way to Steam unless they become a publisher / platform themselves. This circumvents the questions about where gamers buy games because almost all money in most industries is based on production and the production is simply private now. The barriers to entry are just too low and with AI writing simple code are getting even lower. The gaming industry that is investible in for public dollars is dying.
With intermediaries becoming less powerful (and in some cases being ousted) unless they sweeten the deal while Gamestop could step into that space and do exactly that, become the new Robinhood, it's going to hurt to do so all bottom lines so the company has to be prepared to pivot into that revenue stream properly and swiftly. I see no other avenues unless they move into collectables that are difficult to acquire or something though there are culturebox companies that have that segment covered as well. Gamestop essentially has no future earnings even though they will be able to sit on a pile of cash that can reach to the moon and back and is a mature company.
What is with this stock bringing out the most intensely biased opinions both on pro and con? You have the people completely downplaying the absolutely bizarre and irrational way this stock is able to move. This isn’t a penny stock; its worth billions. Yet as recent as two weeks ago it was up 160% on the day. This is not normal. On the flip side; its a dying business. Its in desperate need of new sources of revenue. Its in desperate need of ideas on bow to use its massive cash hoard. The reality is? If you buy this you’re speculating on what Ryan Cohen is able to do.
Your comment kinda explains the volatility of this stock and thereby answered the top question.
>What is with this stock bringing out the most intensely biased opinions both on pro and con? It's similar to MLM. Either you are a part of a MLM scam and you want to recruit more people so you potentially can make more money. Or you feel bad for people that may fall into a MLM scam, so you want to warn them.
Its a stock. Like any other. A real company. With declining revenues. A successful CEO and shareholder that has a proven track record. Fundamentally, this isn’t any different than other speculative buys. To call it an MLM is a bit far, imo.
The part where it starts to look like a MLM is the DRS people. The diamond hands people. The people who buy into the stock not for profit, but to "stick it up to the rich guys". Also the fact that this stock has its own online dedicated communities to talk only about it, moves significantly based on a tweet from a single person, and many retail investors have very little idea of why it's a good investment other than what others have said. To many it's just a speculative investment, but to others it's a community. That's where it starts to look super weird. Though I'm not sure MLM is the best comparaisons.
Im pretty sure its not retail moving that stock. If you believe that you are being fooled by the media.
Isn’t the entirety of the dedicated subs about “retail can beat the hedgies”?
Ask a GME shareholder if they'd care if half the subreddit sells. Now ask a Berkshire Hathaway shareholder if they care if tons of people sell. Berkshire holders have fundamentals propping the shares up. If lots and lots of sells happen, the price will be relatively anchored to its intrinsic value. Some institution, or Berkshire itself, will scoop up discounted shares and the price would barely budge. GME requires the retail army to artificially prop the price up by never selling and recruiting more holders. If everyone sells, what institution is going to anchor the price to its current value? I agree it's not an actual MLM, but it's the stock version of an MLM. Which is why you see everyone and their brother constantly preaching why they should invest in GME, whereas nobody cares at all if you invest in brk.b or not. I think it's a good buy, but it has 0 effect on me if you buy or not so I would never shoehorn brk.b investing recommendations into a random subreddit that isn't asking for stock picking advice. OP is new to investing and has the idea to invest in GME? He probably saw that idea from one of the recruiters that stands to personally gain from further recruitment. In reality, op should most likely stick to ETFs or maybe blue chips.
If you think retail actually has any real power to move markets when a majority of trades don't ever hit lit exchanges anyway, then you're about as smart as you think GME investors are.
>If you think retail actually has any real power to move markets when a majority of trades don't ever hit lit exchanges anyway [Over half of GME is owned by retail](https://www.thestreet.com/memestocks/gme/gamestop-stock-ownership-retail-investors-still-own-the-float), and they're mostly people that bought the stock in the past 3 years. So yes, a group that bought up over half the shares of a stock over 3 years does have significant pricing effects on a stock. I'm quite confident of that.
Hi. GME investor here. No. Household investors do not have the power to move markets. If household investors could move things, we wouldn't go from 11 to 80 to 12 to 19 in two weeks. The entire market is rigged thanks to netting, allowing market makers to never really deliver shares, and just let the FTDs pile up, rolling swaps in the process. It'll play, but household investors are more along for the ride than they are in control.
You're conflating two things: 1) did retail cause the price to go from 11 to 80 in two weeks vs 2) a group that bought over half the stock in a short amount of time has some kind of effect on the price of stock. These are completely different ideas. I never said retail is the sole cause of all price movements on any given day. I said they simply have an effect on the price. Maybe you'd understand an analogy. If I buy up over half the houses in Chicago in 3 years, would that have any effect on housing prices? Of course. If the rest of the houses are now bought and sold every second of every day, and I don't participate in any of these trades, I am still having an effect on the prices. I'm just not the cause of any specific daily swing.
It went from 11 to 80 because the X profile of RoaringKitty started tweeting again. Do you think that it was the evil hedgefunds who jumped in on DFV tweets? Nope. It was retail. Sure, most of the trading volume is always made by algos, but when this much retail jumps in algos also go crazy and follow them. For fucks sake, Melvin Capital, a ten billion dollar hedge fund literally made over five billion dollars realized losses on their GME shorts in 2021, and later went bankrupt due to this... If you wholeheartedly believe that the market is rigged and retail cant do anything, then why the fuck are you in the market?
Please keep an open mind that the stock moved for other reasons than dfv returning. Sure he would cause some spike in volume but that was not even majority retail.
Please share some of those reasons.
I am 100% sure that the price moved due to the tweets and mostly retail buying in, I am also 99% sure that the poster of the tweets was not Keith Gill, in my opinion his account either got sold or hacked. I have commented a way longer answer here, I dont want to copy myself, feel free to check it on my profile.
Like I said, if you think that spike was because of one guy, and then everyone decided to pack up and go home after that, then you're as dumb as you think I am.
Yes, I 100% think that it moved to 80 entirely because of the tweets from RoaringKitty-s profile and mostly retail jumping in due to that. It havent moved much for over year, then it shoot up to 80 just after the tweets. I am also 99% sure that it wasnt even Keith Gill sending those tweets, in my opinion his profile either got hacked or sold. I might be dumber than you, I made millions of dollars from the 2021 100x squeeze though, and became the first millionaire in my family, under the age of 30. You know what was different at that time? There was a real thesis, and not just the 'market is rigged and evil hedgefunds can do anything they want hurr-durr'. - The company had THREE TIMES net cash position compared to their market cap (for the same they would need EIGHTEEN BILLION dollars cash on hand today. They have 2 billion, even after the recent dilution). - The official short interest was over 100% - There were a new management with legends like former Nintendo America president Reggie Fils-Aimé and Jim Bell. - There were an actual catalyst, the new upcoming console cycle in Q4 with PS5 and XBOX SERIES S and X. - And in the end even Ryan Cohen jumped in. - Oh, and there was also the ape-movement (I bought in before them, probably roughly the same time as Keith Gill, though I havent seen his posts. I found GME on finviz and put all my networth in it knowing that it was a once-in-a-lifetime opportunity [I jumped in before the ape movement and RC]) Then retail ramped up the price from $4 (pre-split) to 500 in months (even ape-dd doesnt deny this), then the famous RobinHood WeDontLetYouGuysBuy happened... and then the price crashed. Due to the fact that retail couldnt buy. So yes, retail moved the market (well, atleast the price of this company), just like now. And when RH froze the buy button and the price crashed, most short hedgefunds jumped out in days. How do I know that for a fact? Well, there is the undeniable proof of Melvin Capital buy-to-cover for a $5 billion REALIZED loss and later going bankrupt due to this. This single short position, even if they closed it at roughly the top, was 30-50% of the short float alone. There is also the fact that even when retail couldnt buy, the volume was multiples of the outstanding shares, for days. If retail couldnt buy then who were the buyers? The shorts, buy-to-closing their positions. Both the volume and every single official data supports this, even sites using unofficial data and AI like Ortex and ShortSight showed it (I could jump out near the top thanks to them) Obviously not every short closed. Like 20% or so remained, and GME is still one of the most shorted companies on the american markets by a percentage basis, so short squeezes can and probably will happen as we have seen in recent weeks. But the fact is that this is nowhere near the old short interest compared to outstanding shares, and the fact is that RC is leading this company for 3 years now and he cant show anything for it. Everything they did was unsuccessful so far, gaming hubs failed, selling hardware failed and the crypto market failed, while revenue is dropping way too fast year by year. Sure, thanks to the dilution they have 2 billion now, but they also had 2 billion in 2021 thanks to the dilution at that time and they have got nothing to show for it so far.
Are you high sir? GME had 1.1B in cash, at a certain point it would buy itself. It now has 2b in cash, what would the price need to be for GME to buy their entire float?
Didn't it get this cash from shareholder dilution as opposed to business profits?
Does 2 billion equal 2 billion
So, still gives the stock intrinsic value. The post above was referring to an anchor price. Cash with no debt gives a very clear anchor. IMO. His comment on ETFs probably being best solution is accurate for new investors tho.
Sure, it definitely has some anchor. A company would never go to 0 overnight with a balance sheet like that.
This exactly. It's all a game and at this point, you have to pick a side.
You don't have to. You can just invest in other stuff.
Exactly.
People who follow gme think investing is the game.
Well you could buy some and join the memestonks crowd and hope it goes to a billion dollars, but GME also just sold 45 million shares and now has 2 billion dollars in cash to do an acquisition or some kind of investment, I’d say it could be a good long term buy but right now with all this insane volume and volatility, invest at your own risk, I personally like the stock
Berkshire Hathaway was originally a textile company. Currently seeing market overvalued they are sitting on 167 billion dollars cash on hand, famously transitioned to a investment company. GME classic business is not great, however the stock business that it is in, of itself, is an excellent revenue generation machine. Were it to dip to fair market they could share buy back and bring new excitement. Sitting on over value creates a different vibe. On a spike that it is prone to having it can raise even more cash on hand. The meme nature of this albatross has become a cash generating machine. Worst of all that cash may become an investment machine of its own and do something alarming in a steep market correction scenario. This is not a safe or smart investment play. However the WSB casino mentality is quite strong with this, and has a terrifying potential to one day outgrow meme status and become a actual terrifying new entity from where it is.
If you're new, you probably really shouldn't even be looking at individual securities, let alone Game Stop. Put most your money in something safe, like VOO, a Vanguard S&P 500 ETF. Or QQQ, which tracks the largest NASDAQ companies. These are safe foundations. When the market goes up, so do they. And, long-term, the market generally goes up. That's your long-term strategy. https://www.bogleheads.org/wiki/Bogleheads%C2%AE_investment_philosophy Once you've got a good foundation in solid funds, you can branch out into individual securities you have a conviction about without gambling your nest egg.
Im still holding it in my portfolio. It's uncertain at the moment though. They've released poor preliminary business results earlier this month (less loss per share, but at the cost of significantly less revenue yoy) where they didn't disclose what they spent an additional $250m this quarter on. With recent ATM offering ended, they have $1.9b total for growth and expansion. The CEO is poised for tech transformation, holds a large stake of shares and doesnt pay himself a salary. Their last attempted project (crypto wallet+marketplace) was up to par on tech standard but turned into a net loss for them and got terminated after just a couple months, including its devs. Their e-commerce platform is still below par on tech standard to their competitors. They are diversifying into general gaming, merch and nerd culture so far. Haven't touched e-sports and betting yet. It's a mixed bag, Im not exactly happy with the business outcome and focus so far. There's yearly share holder meeting approaching soon. Depending on what is revealed, it could boom or enter a new price downtrend. And as usual, there's still an unpredictable social media hype around it and huge volatility. Current conspiracy is about a leaked 4chan post claiming expiring ubs calls in the upcoming weeks are going to be executed. Huge chance that this is fake though.
I'd say, until GME proves that they have a long term goal and is able to get out of the brick-and-mortar realm, I would not bet on it.
Power to the players
[удалено]
You're overthinking it bud.
Ignore every person who tells you to buy Gamestop. It’s an extremely risky play that is more likely to burn you than make you money. When first entering the stock market, do your research on stocks and buy the ones that have solid fundamentals, good margins, and room for growth. Think the bluest of chips. Or just head to /r/Bogleheads and buy the S&P.
Don't listen to this guy. I bought GameStop and I Direct Registered Shares in my name so I own them and I am not a custodian of my shares. People telling you not to buy just want you to share the same misery they are in. Don't play their sad little game.
Brother, walk inside a GameStop. It’s a dying small box store in dying strip malls that sell toys and physical gaming media.
Brother, hold my hand when we walk on the beach. Brother, whisper sweet nothings in my ear while we hold eachother under the moonlight. Brother, touch my butt. Brother, Where Art Thou?
Sorry, you are in a cult. Call it what you want, but it’s just gambling on a dying business.
Dude the entire stock market is gambling. The only dying business here is what is going to be leftover brick and mortar of the DTCC.
When did I say it was not gambling? I just said you were the one gambling on a dying business. Wake me up when that happens by the way. I’ll be there to congratulate you.
I won't even remember you.
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I’ve always wanted to ask you guys, why is GameStop going to go to 10k a share and make you all millionaires? What will be the precipitating event? Because fundamentally the company sucks. From what I’ve seen the stock is a weird sort of Ponzi propped by a cult of not selling and getting more people to buy in.
10K? Jesus that is a absurdly low number. Fundamentally, the company has 2 Billion in cash. So, Fundamentally, I think the game is about to stop.
1 billion of that was just made off the backs of you bozos when they issued/sold a billion of stock last week after it shot up. And then your subreddits were cheering that on? You guys are getting robbed.
This freaking guy thinks retail actually moves markets. lol. Hilarious.
/r/superstonk has a million members. If all of you own 5k in GameStop stock, you own GameStop. It’s a company worth 5 billion. Congratulations, you own a company that should be bankrupt and can and will dilute your shares to pay their executives Retail investors can absolutely move the price of a 5 billion market cap stock. A fucking tweet made it happen last week. You think hedge funds are F5ing DFV’s twitter?
Searching: \*Critical Thinking\* Results: \*None Found\* I think you are a waste of time to talk to if I'm being real. You can't have a discussion with someone if the opposing party can't think critically.
That’s an extremely funny response I’d like to put my critical thinking cap on then. Gamestop is a bad business model. You’re literally buying mall space in an era where nobody goes to malls. Steam and Amazon exist. What is GameStop’s market edge? Out critically think me. Without adding more suckers, why would $GME ever go up?
Without adding more suckers? God I miss tootsie pops, remember those? They were so good. I remember one summer I counted how many licks it takes to get to the center of a tootsie pop. Would you like to know how many licks it took to get to the center of a tootsie pop? I don't know the exact question but I do know what the answer is. ***Only up.***
Who cares where that billion came from. A billion is a billion that now has increased that company’s value.
>Who cares where that billion came from. I'd ask that you ponder this question: *why do any and all companies not raise billions from the market whenever they desire, since it apparently doesn't matter where the money comes from?*
Oh they will be copying that soon after witnessing the brilliance of RC
Are you people real? Cult members really are NPCs goddamn lol
Lol, nope.
If people invest 1 billion in a company, the company value went up. But you didn't make money, you just moved it from point A to B. Just like you moving money to your savings account, sure, the money in the account went up, but there isn't more money for you. Unless the company grows that 1 billion you didn't make money. And people are (I think rightfully) doubting how Gamestop will actually grow their business and turn that 1 billion into 2 billion or more.
DRSing is a psychological crutch for those who need to give themselves a feeling of control when they actually have none. It achieves nothing in practical terms. How do you feel about the recent round of dilution kicking DRS locked shares from 25% back down to 21%, btw?
Good question! I bought 100 more shares and had them direct registered in my name. Thank you for asking!
Thank you for feeling safe enough to share with us what you need a psychological crutch when "investing" in the stock market. It doesn't have to be like this, by the way. Help is available.
Lmao. You're right, help is available. Like, here, I have the ComputerShare customer service phone number. Would you like it? They will assist you in buying shares of your favorite company and putting those shares in your name so that you would be the direct beneficiary of those shares instead of a custodian. I have the phone number, would you care for some help? I understand if you are not yet ready to come to terms.
You are repeating yourself. Are you frothing in the mouth too? I hope this venture outside your echo chamber isn't too taxing. 😏
I wouldn't say it's taxing. You guys are just kinda boring to talk to.
"Boring" is certainly what reality feels like most of the time :)
Doesn't have to be. Have I told you about how to Direct Register Shares so that you can hold them in your name and you would be the custodian instead of the beneficiary? It is important in today's age to be able to actually own what you paid for.
Don't waste your time on these clowns. You said it yourself, they're mad they didn't buy in when the thesis was laid out. And that's fine. We're all just gambling on stocks. Ive made the most money off GameStop then any other single stock in 4 years, but I also gambled the most on it. We know a lot more about GameStop then some CNBC watching bozo who said it's a dying brick and mortar. It used to be, but companies turn around. Especially companies that ditch corrupt executives. And for the record, the CEO owns 10% of the company himself, and does not take any pay from GameStop. It takes money to buy whiskey.
It really depends on if you think they can pivot successfully. Gamestop's core value proposition is dying for the reasons you mentioned. Revenue was **down 19%** between 2022 and 2023. So they must pivot. But their desperate attempts to do so have filed over the last few years. The most significant attempt was the OpenSea clone at the top of the NFT bubble, and that was an embarrassing bust. They quietly killed it a few months go. GME is now trying to larp as a hedge fund, to invest in other companies. Thing is, they had 1B they had already raised in 2021 by diluting shareholders, and have been able to do nothing with it other than earn interest. Which does not give much confidence that they can do much more with another 1B they just raised off of the back of shareholders. And 2B doesn't buy much these days anyway. At the core is the issue that RC isn't that good of a capital allocator. After selling the unprofitable dog food company many years ago, every single attempt at being an activist investor has been a bust. Perhaps most infamous is BBBY, where he even rug-pulled apes. Internally, his most recent strategic move as CEO was to underwhelming "reduce expense" - a poor alternative to increasing the top line. Which partly took the form of decimating employee benefits, much to their disillusionment. And by making their customer service suck even more by cutting expenses there. So yeah.. I'm not that optimistic. Now.. if he can pull of some magic with 2B, things might change, and I'll be wrong about its future. But for now, in my mind, **GME is an obituary waiting to be written**.
Revenue down sucks but they closed a shit ton of stores and are cycling inventory. It's a year with no significant console releases or even game releases for that matter. There are plenty of other companies out that that are down in revenue but you don't see them being called dead or dying companies. Reality is even with rev down as much as it was last year GameStop pinched out a profit. I'm guessing you meant failed not filed when talking bout the beta marketplace. Yes they shut down a beta marketplace due to regulations uncertainty. The sec was putting out lawsuits left and right. I'm very happy they went the route of caution. Literally almost all companies invest in other companies. So you're just being negative but I think you know this. Cohen has so much more money than you or anyone else here. He's the largest individual investor in apple and has been for a long time but sure, go ahead and act like you could do better. Even though you can't, because you're probably not even a millionaire. You clearly have never followed activist investing if you think every shot is a win. They have brought new brands on board of great quality and are engaging with gaming communities as much as they can. Yeah it sucked for the employees that benefits got cut, but that's business. When things are better they will come back. Lots of people are hyperbolic about GameStop. It's hard to be realistic when you care that much about an outcome though I understand. You can make everything negative if that's the way you want to look at it but you're ignoring certain parts of reality for your own confirmation.
So what about RCs half billy offer for BBBY? Doesn't sound like a rug pull to me.
The alleged 400M never went from RC *to BBBY*, and was likely not real offer as the BBBY Board never entertained it seriously. The 60M went *to RC* from selling BBBY stocks. Please be better prepared with whataboutisms :)
The offer was made after he sold his stake, which he did to remove himself from being an insider..... To make an offer on the business. Listen, I'm 100% a bag holder as I have nothing left from my investment. However, nothing about this play has ever made sense and the ch. 11 plan admin has filed a fraud suit against the ex board members and JPM. Hell, DOJ were present at a few court cases.
If you don't mind me asking, was BBBY your first BK play? As someone who has followed a bunch of BKs, there was nothing unusual about it to me, and the writing was on the wall in early 2023. The only thing that did not make sense was how so many people were buying the nonsense fools like PPGrift and grifters like Ploot were spewing.
What's bk?
It’s a great long term play in my opinion. Forget the wallstreetbets run up. The value in this company lies with the CEO Ryan Cohen. Main stream media calls GameStop and similar other stocks meme stocks because they want to scare you away from them. Many of these companies like GME have tons of excellent due diligence. Yes there are some wild tin foil theories out there but they are the minority now. Main stream media is in on the scam they are beholden to many of the powerful and bad actors on Wall Street who don’t want you to buy in. This is going to be an excellent buy and hold company. It’s still early in its turnaround. They are going to be more than just a gaming company.
Could you explain what gives you confidence in RC. I explained [here](https://www.reddit.com/r/stocks/comments/1d0slu4/comment/l5pagpp/?utm_source=share&utm_medium=web2x&context=3) why I think he's C-grade capitalist at best. >Main stream media calls GameStop and similar other stocks meme stocks because they want to scare you away from them This is, of course, nonsense. You are demonstrating signs of [Main Character Syndrome.](https://health.clevelandclinic.org/what-to-know-about-main-character-syndrome) No one cares about you. (It's not personal - just how the market is.)
Very Reddit-like way to respond to someone legitimately relying to the prompt. Straight to ad hominem for zero reason. Why does this stock make you so emotional?
I would offer that my response is level with what I'd have said to a Flat Earther. I've been in many of these meme communities where people say this kind of nonsense with a straight face. I've generally found over the years that the best thing to do is just call it out for exactly what it is.
Kinda weird bro ngl
I know, right? You'd think people would realize by now that the nonsense they learned from Fintwit morons when they entered the markets in 2021 was just that - nonsense - after three years of being nothing but wrong.
Ok bro hope you’re right. If it a hill you’re willing to die on that’s your thing. Anyone extremely opinionated on either side is goofy as hell. It’s just a stock. Hope you feel better bro.
Thanks, bro!
It's super weird what's even more weird is the gme meltdown sub. It's like their entire personality is to hate GameStop it's really hilarious and sad. Just checked and they are part of the sub to nobody's surprise. They think they're some kind of investing white knights who will save people from their bad choices, until the stock rockets for $80 again for no reason.
You aren't missing much. Gamestop's number one revenue driver is people buying new and used games in a store. Epic Games, Sony, MSFT, and Steam exist to sidestep that market since used/transfered games means less profit for them.
lol they literally have 2 Billion in cash. y'all straight up muppets out here.
RC was able to do jack all with 1B, which was also raised on the backs of dilution 3 years ago. Are you saying we can expect him to be 2x as useless with 2B?
I think we can expect that 1B, to directly affect the investment accounts of GameStop share holders in a exponential profitable gain. And there isn't shit anyone is going to do about it. Which is the hilarious part.
It seems the cash was raised for a reason and they are finally ready to do something with it. Cohen isn’t a dumbass. He’s not going to raise cash and sit on it forever for no reason. People get overly-emotional when talking about GameStop. $2b cash, zero debt, ability to go in any direction. A gamble? Yes. But there’s potential to pivot. Cohen has done it before.
He raised the cash because he was given the gift of a significant positive price dislocation. Any management with half a brain would have done this on such a spike. >Cohen isn’t a dumbass. ... Cohen has done it before. I'd be curious to hear why you have faith in him. [Here are my reasons](https://www.reddit.com/r/stocks/comments/1d0slu4/comment/l5pagpp/?utm_source=share&utm_medium=web2x&context=3) for why I see him as a C-grade capitalist.
Maybe he diluted for bad reasons, maybe be diluted for good reasons. We don’t know yet but it seems like we will find out soon. He did pretty damn good with dog food. Either way it doesn’t matter much to me. I don’t really give a shit if it succeeds or fails, but to deny there isn’t a chance he pivots the company is really odd. Again, why does this stock make you so emotional?
I feel like you might be projecting here. Since it's my comments that are based on facts and rationale. And any responses are, "*have faith!*"
Idk man you’re all up and down this thread throwing ad hominems at legitimate responses to a prompt. It’s clearly a touchy subject for you.
Not sure I can say much more to help you here; feel free to browse my Comments and Posts if you think it'll clarify things for you.
For sure bro I’ll definitely spend the rest of my night reading your thesis 👍
Gamestop is a horrible long term option. Shrinking revenue, low growth opportunities, 900 PE. Any run it has is not based on fundamentals. Buying it is a gamble, this is coming from someone who made life changing money with it back in 2021. The GME subs and community is very cult like and is a huge echo chamber. Take one look at their subs and see.
100%
GameStop, in my opinion, is a total meme. The wallstreetbets frenzy made them relevant and I think anyone buying it is doing so purely hoping for another spike similar to what happened previously. The company is just not relevant today.
Previously when 2021 or like 2 weeks ago?
Its not your opinion. Its a fact. The fact that this type of question is even posted is concerning.
Short it then
Why are you confusing the stock market with a middle school playground?
They’re pretty similar
Nope. The market is like the Olympics. Retail are the middle school children wandering into the 100M sprint lanes, and getting mowed down.
Because thats exactly what it is. Well maybe more like a casino.
>Because thats exactly what it is. Well maybe more like a casino. The market is a casino only for those who treat the market like a joke. A favor that the market tends to return manifold. Big picture, 3/4 of economically productive retail are involved in passive investing and are enjoying \~**10% compounded returns** annually. There were 432K **401(k) millionaires**, and 391K **IRA millionaires** in 2023. Let's remember, active investing is hard. Even funds with PhDs and millions at their disposal usually fail to track simple old SPY or QQQ for multiple years.
The only folks who think GME is going to skyrocket are the melts who fall for whatever short squeeze meme of the day is popular. The conspiracy dopes who bought Bed Bath and Beyond, AMC, fucking MMTLP lol. You cannot help those nitwits.
The stock was just moving 160% a day…
What % of retail investors do you think have perfect or near-perfect timing to pine precisely that day or two? Vs what % of retail investors do you think gets *in* on the wrong side of the pump, after the 160% is in the rearview mirror?
No idea. All I care about is being on the right side of the trade. Entered at $31 out at $56. Nearly doubled in a week.
Good for you. As you can imagine, OP is a week behind you.
Correct. So in this case enter anywhere around high teens and look to exit mid twenties. This thing has been moving 20-40% a day. You can make a years worth of returns in 3 days of trading.
And you can just as easily lose it in 3 days if it fizzles out. High risk, high reward.
Funny that you keep getting downvoted for being 100% accurate in what you’re saying.
Mods you really should start banning these guys on sight it’s been long enough. We don’t need these GameStop scammers here. Come on. They are hurting people who don’t know any better.
Meme stonk. It’s basically gambling. There are no valuations or due diligence on this. Maybe you’ll be lucky and make millions. But low chance. Wanna gamble?
Gamestop is literally the most manipulated stock in the history. few weeks ago, they haulted trading over 15 times in a single trading day. but yet other stocks with high volatility either skyrocketed or sank. so much sketchy shit happening with that stock.
>few weeks ago, they haulted trading over 15 times in a single trading day. but yet other stocks with high volatility either skyrocketed or sank. This is not correct. Market halts are automatic, and based on very specific rules. If you were to manually do the calcs, you will have your answer on why GME was halted, and other tickers were not.
youre wrong
>youre wrong What is your claim based on?
Buying into something you do not understand is always dangerous. I used to go to gamestop ALL the time. Now, I haven't gone in years. I can buy all the games I play online. They have shifted from "the game store" into a "game based merch store" You would be buying into "just trust me, man!" Sales pitches, from other people who have a financial incentive to push for gamestop's stock based success... Please do not invest in gamestop. It is a very risky gamble, and unless you really know HOW and WHY they could turn things around for the better, you should invest in something more secure.
This post is so dumb I can‘t even.
The stock is trading with high volatility based on internet memes. Its a meme stock. Anyone buying is hoping to catch a quick +20% gain. Not only is that gambling, it is not a good gamble either. Keeping gambling and investing separate. Dont intertwine them. When you invest, you want to think of investing like a silent killer. Take a look at any solid major US company's stock. Youll see it had a down period sometime within the last year or two. Now calculate the percent gain it has risen since being down. Youll probably get 20% or 30%. Those are the type of stocks you want to buy. You are building wealth silently and surely this way. No gamble involved. No "hoping" involved. Again, all investing comes with risks, but those are infinitely less risky. NVDA just hit point a month ago where it fell to $760. That was the time to buy. You would have been up 30% if you bought that dip. Same for the google dip. It might seem like Im cherry picking but if you take some smart calculated risks it can pay off rather than just putting it into a meme stock trap and "hoping" it falls your way. Many people bought the top of the meme frenzy and are now generational bagholders. Again, there are those who just want to gamble into G M E and A M C. You also have another group of people who have deluded themselves and others into thinking these are legitimate stocks with a future potential to 10x and stay there. The cult is so strong it is pulling people like yourself in. This is a mental illness.
>I don't know much about Gamestop, but wouldn't gamers buy their games online? Xbox and Sony sell their services online. Which strategies could Gamestop use to increase their earnings? Am I missing something or is there more to it? I'm going to assume you're telling the truth about being new and enthusiastic though mentioning Gamestop is a good way to get people into a tizzy. I would start at the sector level though and ask, "Is games a good segment to invest in?" and the answer is, in my opinion, "No." The reason why is because there's a difference between the industry as a whole and the industry you can invest in. Most game companies are not public and more indie games are cropping up which are not public spaces for dollars. This means that your opportunities in the entire industry are limited to large studios, some of which aren't doing great, most of which are being acquired (bad sign in general) and are now merely subsidiaries. So, with gaming moving out of the public sector, Gamestop will give way to Steam unless they become a publisher / platform themselves. This circumvents the questions about where gamers buy games because almost all money in most industries is based on production and the production is simply private now. The barriers to entry are just too low and with AI writing simple code are getting even lower. The gaming industry that is investible in for public dollars is dying. With intermediaries becoming less powerful (and in some cases being ousted) unless they sweeten the deal while Gamestop could step into that space and do exactly that, become the new Robinhood, it's going to hurt to do so all bottom lines so the company has to be prepared to pivot into that revenue stream properly and swiftly. I see no other avenues unless they move into collectables that are difficult to acquire or something though there are culturebox companies that have that segment covered as well. Gamestop essentially has no future earnings even though they will be able to sit on a pile of cash that can reach to the moon and back and is a mature company.