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.
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.