Hate to be the guy,, but Gamestop is a dying business model. Everything they sell in store can either be bought online or a Walmart. They scam their customers into selling their phone numbers and email addresses, and scam them into buying Game Informer, etc. My local stores have cut their store hours to noon - 5p. Their primary shareholders are typical wall street fund holders. Fuck them. I get the idea, but fuck Gamestop and their masters.
yah. check out who their primary share holders are. They benefit the most. I am happy if yall made some money on quick trades on Gamestop. I'm trying to be real here.
starting a digital pivot, and actually executing it, is a different thing. Everyone has a digital pivot. I shop at Gamestop, and I don't hate them, but every time I shop there I feel like they are trying to sell my information.
Yup, nothing about the fundamentals of the stock changed at all, its still a bad position to hold long. The only market action that drove the price up was the short squeeze, and once those positions were covered, its a rocket outta fuel in atmosphere.
GameStop is actually doing a lot with online business. Maybe brick and mortar will go away, or maybe be reimagined, but their online stuff is successful.
You are stupid go do literally any research about the whole gme thing before talking. You clearly don't get the point if you are talking about gmes business model being shitty.
maybe I am stupid. But you have no argument in your post. Obviously I have 14 downvotes and no upvotes, I upset some people. Maybe enlighten me, Since I am a gamer and investor. I don't trust what CNBC and Fox Business tell me, they are shills, as well as most other investing industry related sources. I am only basing my judgement on first hand experience. Sorry to upset you.
I'm not upset. It takes no time at all to research what you are talking about before posting. Basically retail traders (regular people) were all buying gme stock because the hedge funds kept piling on gme and shorting it even when it was a like 4 bucks a share. They are scumbag vultures trying to put thousands of regular people out of work faster during fake ass covid lockdowns. Eventually the short float was like 140% so people all ran to buy to drive it up to fuck the hedge funds over.
You can go watch a youtube video that'll probably sum it all up and go over terms if you don't know anything about trading. I'm trying not to use terms people who don't know anything about trading. Without massive interface and market manipulation the hedge funds would have gone under and the retail traders would have made a shit load of money. We all know the funds would have gotten bailed out anyway but yeah that was a grossly oversimplified summation. Something similar happened to VW back in like 08. Short squeeze are nothing new and aren't illegal at all but xiden got bought by wall st so...
I understand everything that you have said. Other than the $4 per share.. When the buy in on GME started the stock was at ~$20, which seems a fair price for that stock.
Hate to be the guy,, but Gamestop is a dying business model. Everything they sell in store can either be bought online or a Walmart. They scam their customers into selling their phone numbers and email addresses, and scam them into buying Game Informer, etc. My local stores have cut their store hours to noon - 5p. Their primary shareholders are typical wall street fund holders. Fuck them. I get the idea, but fuck Gamestop and their masters.
That wasn’t the idea of buying GameStop.
It was to bankrupt hedge funds. Who shorted GME 140%. Everyone knows GameStop is a dying business
It was shorted at 226.4% per FINRA going into the initial spike, and there wasn't enough volume for them to cover that much.
yah. check out who their primary share holders are. They benefit the most. I am happy if yall made some money on quick trades on Gamestop. I'm trying to be real here.
You may want to read the testimony for Roaring Kitty/DeepFuckingValue, because he mentions there that they have already started a digital pivot.
starting a digital pivot, and actually executing it, is a different thing. Everyone has a digital pivot. I shop at Gamestop, and I don't hate them, but every time I shop there I feel like they are trying to sell my information.
Yup, nothing about the fundamentals of the stock changed at all, its still a bad position to hold long. The only market action that drove the price up was the short squeeze, and once those positions were covered, its a rocket outta fuel in atmosphere.
GameStop is actually doing a lot with online business. Maybe brick and mortar will go away, or maybe be reimagined, but their online stuff is successful.
You are stupid go do literally any research about the whole gme thing before talking. You clearly don't get the point if you are talking about gmes business model being shitty.
maybe I am stupid. But you have no argument in your post. Obviously I have 14 downvotes and no upvotes, I upset some people. Maybe enlighten me, Since I am a gamer and investor. I don't trust what CNBC and Fox Business tell me, they are shills, as well as most other investing industry related sources. I am only basing my judgement on first hand experience. Sorry to upset you.
I'm not upset. It takes no time at all to research what you are talking about before posting. Basically retail traders (regular people) were all buying gme stock because the hedge funds kept piling on gme and shorting it even when it was a like 4 bucks a share. They are scumbag vultures trying to put thousands of regular people out of work faster during fake ass covid lockdowns. Eventually the short float was like 140% so people all ran to buy to drive it up to fuck the hedge funds over.
You can go watch a youtube video that'll probably sum it all up and go over terms if you don't know anything about trading. I'm trying not to use terms people who don't know anything about trading. Without massive interface and market manipulation the hedge funds would have gone under and the retail traders would have made a shit load of money. We all know the funds would have gotten bailed out anyway but yeah that was a grossly oversimplified summation. Something similar happened to VW back in like 08. Short squeeze are nothing new and aren't illegal at all but xiden got bought by wall st so...
I understand everything that you have said. Other than the $4 per share.. When the buy in on GME started the stock was at ~$20, which seems a fair price for that stock.