No market skills needed. They(wall st /bankers/cabal) shorted gme to oblivion to bankrupt the company. We all caught on before GME died(a la blockbuster, toysrus). They fucked with the wrong gamers. GME is where their game stops.
I find that it's easier to understand people when they utilize the logical side of their brain, setting aside the emotions for proper discourse that others could potentially learn from.
Emotions running one's mouth will shift a possibly smart discussion topic into weird directions.
Slinging insults at people to get a point across while also failing to discuss the matter with people of differing opinions is asinine. Generalizing people into a group for an opinion because of a disagreement with that opinion is an emotional discharge at best and fails to bring any meaningful insight to the table.
People sometimes need a nudge to use logic more often around here.
While I am biased (GME/AMC) investor I can tell you one thing for sure that is wrong with @rageous statement;
He claims we need others to invest so that we can ‘pull out’. The current stock price is what others are currently valuing the stock at and we can sell at anytime we wish at the current price. We don’t need others to ‘replace’ our investment if that makes sense. If there are no willing buyers at today’s GME price around $89 then the price keeps falling (supply/demand).
The real question you have to ask yourself is why are we having this conversation about a video game new/used retail store chain with a stock value of anywhere near $89 and market cap of 6.8B (that’s billion with a B).? If we simply look at the profit/loss and asset valuation this is roughly 7-8 times what the company and stock should probably be worth 9-13$/share. Why have the New Jersey and California public union pension fund managers and other institutional investors recently begun taking large positions in GME.? The reason is that there is far more going on here than meets the eye and standard company performance doesn’t explain the stock value.
In fact, GME has posted losses in each of the last 4 quarters with an ever widening failure between expected/actual earnings (fact). Yet here we sit with an average stock price at 10X it’s value 18 months ago, but yes down 80% from its high of $483. Something very very strange is definitely going on here with this stock.
Do your own research and come to your own conclusions about why all of these anomalies are occurring with this particular stock and then buy or don’t buy - the choice is always yours to make. But nobody here can tell you with 100% certainty what the future will bring and what the outcome will be. Investing is like fishing or gambling - you do your research and do whatever you can to increase your odds, and that’s the best you can do.
Flat day on the markets overall and both AMC and GME are up 10-25%. Nothing to see here folks - nothing is going on whatsoever - this is completely normal when there have been no spectacular earnings results, mergers/acquisitions etc....!
Just don’t tell me that nothing is going on here with these stocks
There are probably some well-intentioned people in this thread, and they hope to make money, while shafting the hedge funds, and "blow up the system" while they're at it.
If they want to throw $100 at it for fun, I see no big deal.
But those who might put a lot of their money into this stupid stock manipulation scheme should consider what other people have to say, other than the stock pumpers.
I've been around the markets long enough to see this fake story before. This one has a new twist, but it is still nothing more than hype on stock manipulation.
GME is a dogshit company. Professional shorts figured that out, and shorted it.
Somebody naked shorted it, too. That allowed the conmen on Reddit to pump their story.
But those shorts covered long ago.
As far as the crypto angle, I guess selling computer games is not such a great business, so they are now selling something totally different.
I hope some crypto (and PRIVATE) alternatives do well, but most of them have gone to shit, and the wallets won't be anything worth having if the cryptos aren't being used because people lost their ass the last time.
Melvin may have closed/covered some their shorts - that’s why they have posted nothing but losses and closed the doors. How much do want to bet Citadel and others have neither closed nor covered....?
Hey Mag - did you see the GME trend for today? Yeah that’s normal for companies with shitty earnings and nothing good to report suddenly surging 25% in a day from $87 to $112 and still going. Please tell us again that everything here is normal. (Edit 3:00pm now up 30%)
What’s happening now is that the market makers have decided that they can buy long otm calls and just stop naked shorting and make more money just letting the price go where it wants to go, it needs to go, it is going to go ‘naturally’.
And from your previous question yesterday how’s my 4K doing? It’s $4400 now (edit: $4570 now 20 minutes later) thank you for asking. Yesterday it was only $3500.
Edit $4660 and $116/share bout 3:00PM; that’s +30% today alone in a brutal bear market Mags! Please explain this price volatility to the rest here since you are the expert LOlOLOLoL
28% and $114/share now with an hour of trading left for the day hmmmmmm.? Is the whole market up 28-30% today.? My my my, what on Earth could be causing this MAGA? Yes, this is normal for shitty meme stocks with negative earnings and 0 good news on the horizon.
Please explain this type of activity to the rest of the people here you have been preaching to that this is a PONZI SCHEME.
Just admit you don’t know shit, this proves you don’t know shit, and that this isn’t normal activity, and therefore just MAYBE we
Could be onto something here.
Ok I take it you Work for Kenny boy?
Can we get someone with market skills in this thread to debate?
While people may agree/disagree with @rageous statement, I think a well thought out discussion about it is appropriate.
No market skills needed. They(wall st /bankers/cabal) shorted gme to oblivion to bankrupt the company. We all caught on before GME died(a la blockbuster, toysrus). They fucked with the wrong gamers. GME is where their game stops.
Generally, this statement is true. This time, MSM is telling everyone to sell GME. I am buying, I'll buy some more for you.
Do some DD on shorts and my above statement and you will become a believer.
They already covered their shorts long ago.
You guys are just circle jerking each other at this point.
Cramer is that you?
yep sure is!
At least, you are rational. One of the few in this thread.
now kith.
I find that it's easier to understand people when they utilize the logical side of their brain, setting aside the emotions for proper discourse that others could potentially learn from.
Emotions running one's mouth will shift a possibly smart discussion topic into weird directions.
Slinging insults at people to get a point across while also failing to discuss the matter with people of differing opinions is asinine. Generalizing people into a group for an opinion because of a disagreement with that opinion is an emotional discharge at best and fails to bring any meaningful insight to the table.
People sometimes need a nudge to use logic more often around here.
While I am biased (GME/AMC) investor I can tell you one thing for sure that is wrong with @rageous statement;
He claims we need others to invest so that we can ‘pull out’. The current stock price is what others are currently valuing the stock at and we can sell at anytime we wish at the current price. We don’t need others to ‘replace’ our investment if that makes sense. If there are no willing buyers at today’s GME price around $89 then the price keeps falling (supply/demand).
The real question you have to ask yourself is why are we having this conversation about a video game new/used retail store chain with a stock value of anywhere near $89 and market cap of 6.8B (that’s billion with a B).? If we simply look at the profit/loss and asset valuation this is roughly 7-8 times what the company and stock should probably be worth 9-13$/share. Why have the New Jersey and California public union pension fund managers and other institutional investors recently begun taking large positions in GME.? The reason is that there is far more going on here than meets the eye and standard company performance doesn’t explain the stock value.
In fact, GME has posted losses in each of the last 4 quarters with an ever widening failure between expected/actual earnings (fact). Yet here we sit with an average stock price at 10X it’s value 18 months ago, but yes down 80% from its high of $483. Something very very strange is definitely going on here with this stock.
Do your own research and come to your own conclusions about why all of these anomalies are occurring with this particular stock and then buy or don’t buy - the choice is always yours to make. But nobody here can tell you with 100% certainty what the future will bring and what the outcome will be. Investing is like fishing or gambling - you do your research and do whatever you can to increase your odds, and that’s the best you can do.
Flat day on the markets overall and both AMC and GME are up 10-25%. Nothing to see here folks - nothing is going on whatsoever - this is completely normal when there have been no spectacular earnings results, mergers/acquisitions etc....!
Just don’t tell me that nothing is going on here with these stocks
Can we say shill?
mayo shill
Than short it.
You sound like the one who's butthurt lol. You losers come in here fudding with no sauce just feel feels.
Greeting Mr. Newbie with 3 posts - all negative on GME. You (and all the "real" Pedes) might want to look into what's really going on. - Here's a good place to start: https://old.reddit.com/r/Superstonk/comments/tw641b/gamestops_bull_thesis_gamestops_history_due/
Just one little bitty problem: Superstonk is full of shit.
I agree with you.
There are probably some well-intentioned people in this thread, and they hope to make money, while shafting the hedge funds, and "blow up the system" while they're at it.
If they want to throw $100 at it for fun, I see no big deal.
But those who might put a lot of their money into this stupid stock manipulation scheme should consider what other people have to say, other than the stock pumpers.
I've been around the markets long enough to see this fake story before. This one has a new twist, but it is still nothing more than hype on stock manipulation.
GME is a dogshit company. Professional shorts figured that out, and shorted it.
Somebody naked shorted it, too. That allowed the conmen on Reddit to pump their story.
But those shorts covered long ago.
As far as the crypto angle, I guess selling computer games is not such a great business, so they are now selling something totally different.
I hope some crypto (and PRIVATE) alternatives do well, but most of them have gone to shit, and the wallets won't be anything worth having if the cryptos aren't being used because people lost their ass the last time.
Melvin may have closed/covered some their shorts - that’s why they have posted nothing but losses and closed the doors. How much do want to bet Citadel and others have neither closed nor covered....?
Correct.
Hey Mag - did you see the GME trend for today? Yeah that’s normal for companies with shitty earnings and nothing good to report suddenly surging 25% in a day from $87 to $112 and still going. Please tell us again that everything here is normal. (Edit 3:00pm now up 30%)
What’s happening now is that the market makers have decided that they can buy long otm calls and just stop naked shorting and make more money just letting the price go where it wants to go, it needs to go, it is going to go ‘naturally’.
And from your previous question yesterday how’s my 4K doing? It’s $4400 now (edit: $4570 now 20 minutes later) thank you for asking. Yesterday it was only $3500.
Edit $4660 and $116/share bout 3:00PM; that’s +30% today alone in a brutal bear market Mags! Please explain this price volatility to the rest here since you are the expert LOlOLOLoL
28% and $114/share now with an hour of trading left for the day hmmmmmm.? Is the whole market up 28-30% today.? My my my, what on Earth could be causing this MAGA? Yes, this is normal for shitty meme stocks with negative earnings and 0 good news on the horizon.
Please explain this type of activity to the rest of the people here you have been preaching to that this is a PONZI SCHEME.
Just admit you don’t know shit, this proves you don’t know shit, and that this isn’t normal activity, and therefore just MAYBE we Could be onto something here.