My kid (25) voted for Qidan. I respected his right to choose. Then he bought GME after following “DeepFuckingValue” on Reddit. He panicked when it dipped and sold 90 of his 100 shares and (only) doubled his investment in a month. He was bummed. He was angered when the powers that be stopped people from buying. First we talked about protecting your capital is the #1 rule. Then we talked about the forces at work and the battle for hearts and minds. He took a few red pills. I explained my red pill was 911. Who bought millions of dollars in puts on the airline stocks the week before? They made billions! Plus the free falling twin towers not to mention the 3rd building (hardened for a nuclear strike) going down several days later. I lost friends over that. They could not stomach the red pill. I asked him if he saw the irony in someone named DeepFuckingValue buying a junk company like GME. The only deep value is knowing a huge short squeeze is coming. Then, I really baked his noodle when I asked him, “who do you threw the billions at GME to force that short squeeze?” That was a killer whale taking out the apex predator sharks (hedge funds). Do the math. No way millions of little guys outgunned the hedge funds. He said wow Dad that’s a lot to think about. Then he said, do you always notice stuff like this? I said, my job is to leave the world a better place then I found it for you and all those I love. So yes, I do.
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It's GME not GMX
Fixed. Thanks.
Your entire thesis makes no sense unfortunately but I like the free thinking attitude! Your assumptions have flaws, game spot was deep value, it was prematurely left for dead as being "another blockbuster" when actually it was still doing lots of business with new age consoles. Even Michael bury of Big Short fame was buying the stock and talking about its death being premature.
They did catch hedge funds shorting it to death, and the amount of eyeballs on this is insane. There isn't always a conspiracy behind the conspiracy, naked short selling is sinister on its face and makes these guys billions of dollars. They have destroyed countless companies doing this. What would be interesting to see is if good guys helped expose the naked short selling for what it is because now the game is exposed.
This event is a major positive, and the worst people are losing billions.
I see the hand of the White Hats all over this.
Just 'cause WSBets' mascot looks like lil' Don Trump? Naaaahhhh...
I don’t pretend to be a valuation expert on GME. I do know that in the market, bulls make money, bears make money and pigs get slaughtered.
https://www.zerohedge.com/markets/so-you-just-raided-your-first-company-letter-non-professional-traders?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone
This was just stickied.
Bunch of BS and correctly called out in the comments. They like the stock!
The DeepValue guy is a Wii Fit trainer looking dude, probably a bit older than your son.
He was wearing a "Game Over" shirt for what it''s worth.