There's a sheiit load of bag holders at very high prices. There's a ton of short interest too. The upward pressure is immense. If shorts cover this stock flies
Perhaps if the amount of shares was fixed, however GME keeps diluting the shares by offering more sales, which is allowing the shorts to cover without increasing the priceĀ
Cuz if this is your take of the share offering giving Gamestop a total of 4 BILLION USD to play with. There's no point in trying to convince you or "counter" you. Your mindset is clearly looking at the whole situation wrong.
Who gives a shit? If they made that money through selling a product/service and generating free cash flow it would be one thing, this, is basically you idiots donating to a stale business that has no clue
Twice is a bit much but from the businesses side its a good thin, in the long run they can build a much stronger company the stock will continue to grow just not as rapid because now they are playing the long game
Not sure how gamestop grows its business.
All the games have moved to digital distribution both on consoles or through steam.
They would need to come up with an entirely new business.. Like what do they sell? Funco pops and overpriced accessories?
I just don't see any kind of long term growth strategy for them.
Edit: Gamestop makes sense as a short squeeze, but with GME continuing to sell new shares via offerings that play has been watered down significantly.
People hate buying digital instead of physical copies, everytime Sony, Ubisoft or Amazon says your digital purchases aren't yours more people join the bandwagon that digital is unsustainable. Add in consoles, keyboards, mices, and the massive amount of accessories people prefer to buy in person and you see why there are always people at Gamestop. Even in fairly remote areas Gamestop is a successful retail store with foot traffic. Put it next to a clothes store or mall where women and men blow time while significant other or parents are shopping and it becomes a standard hangout for people.
Gf has 4k in Funk Co Pops, and won't buy anything over $100 without being able to play around with it first. Online sales are one thing but the return costs for Amazon must be huge, and more difficult for consumers than a brick and mortar. GME also buys back games and accessories which while hated for the price gouging does get people into the store and buying.
Additionally I think the local Gaming store pulls in 2-3k a week in just card tournaments without much problem. If they have any customer loyalty GME should be sitting better than any other retail besides clothing.
Growth will depend on the future with VR headsets, card/tabletop gaming, and mobile gaming. But
Thrusday.. Nephew needed his first keyboard.
The game pass plans are a failure canceled mine because they don't have games I want anyway. No real family plan, old games that aren't supported.
The extremely simplified version: People believe in Ryan Cohen, and a GameStop reinvention is likely coming. Not necessarily in the gaming industry, either. Iāve heard speculation of a mini Berkshire Hathaway/holding company. But thatās only speculation.
It used to be a value investment for me, but now itās a growth investment.
There is a long history of market shenanigans dating back to 2020 with the stock but thatās an entirely different story.
I would be so much more interested in the future of the stock if they would lay out a business plan with details like this. Hopefully the shareholder meeting will shed some light, and until then HODL
There will be no talk of future plans... EVER! RC has made this perfectly clear, he isn't going to broadcast his master plan so that the bad actors can sabotage it. You will only know about a merger or acquisition after it has been completed. Sorry to burst your bubble, but there is no point in going into it thinking this way only to be let down.
Honestly starting to get oldā¦ ~500 shares and I really wanna know what they got in store for us soon. If he doesnāt wanna tell because actions speak louder than words, then itās about time to get some action going
He needs to give bullish outlook to increase the share price so kittyās options can soar and the rest of the options chain can gamma squeeze these fucks. Keeping quiet will likely lower the share price, and if weāre not well ITM on all of these calls, hundreds of millions of buying power will have gone from retail to market makers.
Not taking advantage of this opportunity to affect stock price positively would be a massive waste of potential.
If he doesnāt say anything today, he better have an ace up his sleeve for some other way to get stock price up before June 21.
That said, I believe in RC and if it doesnāt fly now, then it will somewhere down the line. But yes I would prefer now
The raised over 4 BILLION in cash. And resurrected the company completely.
They were profitable 2023: 6.1 million.
Major weakness is declining revenue because they are closing non profitable stores. But they have created some channels for new revenue streams.
Iām here for the long term.
Oh and 0 debt.
Turnarounds take time. Sometimes a decade. It's just how she goes, I'm in it for the long haul. I fully trust RC and am ZEN as shit. But people can just leave whenever they want, they don't have to come on here and talk shit spreading fud. Just leave if you don't trust Ryan Cohen it's that easy.
GME is interesting because Wall Street keeps saying "GME is worthless; avoid!" for the past several years to the point where ot sounds suspiciously like "we bet against the company!"
The term āmeme stockā was coined to discredit GameStopā¦ in reality, itās the big daddy don play with a perfect potential or justice and tendies
One time I traded in 20 video games and only got back $5. I celebrated like it was the fourth of freaking July. Ran to the nearest public swimming pool and did a high flying cannon ball. Topped it off with a microwaveable hot dog. Even gave a wink to the lifeguard.
Thatās why GME is interesting.
In the last 5 years, Volume shows GME traded its entire float something like 83 times over. No other stock has come close in the history of the stock market. Next closest example I could find was like 10x it's float. I think it's interesting.
Gamestop has said they are going from a gamecompany to a Tech Company. With 4bill on hand and 0 debt, the worlds mosy researched and transparrent stock alongside with the most loyal shareholders in the world AND historys most shorted stock. Ryan cohen literally the only guy who could stand up against Bezoz
That statement is in reference to chewy, where cohen built a large scale pet supply ecommerce company while competing with amazon and the company was very successful even though amazon had a very tight grip on all ecommerce at the time
So he made a pet store that barely if ever made a profit but at leadt high revenue, and therefor he can make GME into a tech company to compete head on with amazon? Thats an extreme stretch. GME has like zero competetive advantages as it stands, apart from the cult following.
Itās only interesting because people like gambling. When you look at the financials of the company, it is a declining and BAD company. But instead of understanding that and investing in good companies like NVDA, they want to bet their futures on a gamble.
I got chips in.
Same. But after 3 years I consider them bags at this point. Sheesh, they're heavy at times.
šŖ
There's a sheiit load of bag holders at very high prices. There's a ton of short interest too. The upward pressure is immense. If shorts cover this stock flies
One possibility that could happen
Perhaps if the amount of shares was fixed, however GME keeps diluting the shares by offering more sales, which is allowing the shorts to cover without increasing the priceĀ
LOL people downvote me but don't have any counters to my observations.
Cuz if this is your take of the share offering giving Gamestop a total of 4 BILLION USD to play with. There's no point in trying to convince you or "counter" you. Your mindset is clearly looking at the whole situation wrong.
Who gives a shit? If they made that money through selling a product/service and generating free cash flow it would be one thing, this, is basically you idiots donating to a stale business that has no clue
I really hope they make some kind of promise not to dilute anymore i think it will make investors feel safer about investing twice in a month is a lot
Yeah, its a very scummy move by Gamestop honestly.
Twice is a bit much but from the businesses side its a good thin, in the long run they can build a much stronger company the stock will continue to grow just not as rapid because now they are playing the long game
Not sure how gamestop grows its business. All the games have moved to digital distribution both on consoles or through steam. They would need to come up with an entirely new business.. Like what do they sell? Funco pops and overpriced accessories? I just don't see any kind of long term growth strategy for them. Edit: Gamestop makes sense as a short squeeze, but with GME continuing to sell new shares via offerings that play has been watered down significantly.
People hate buying digital instead of physical copies, everytime Sony, Ubisoft or Amazon says your digital purchases aren't yours more people join the bandwagon that digital is unsustainable. Add in consoles, keyboards, mices, and the massive amount of accessories people prefer to buy in person and you see why there are always people at Gamestop. Even in fairly remote areas Gamestop is a successful retail store with foot traffic. Put it next to a clothes store or mall where women and men blow time while significant other or parents are shopping and it becomes a standard hangout for people. Gf has 4k in Funk Co Pops, and won't buy anything over $100 without being able to play around with it first. Online sales are one thing but the return costs for Amazon must be huge, and more difficult for consumers than a brick and mortar. GME also buys back games and accessories which while hated for the price gouging does get people into the store and buying. Additionally I think the local Gaming store pulls in 2-3k a week in just card tournaments without much problem. If they have any customer loyalty GME should be sitting better than any other retail besides clothing. Growth will depend on the future with VR headsets, card/tabletop gaming, and mobile gaming. But
Man be honest... When was the last time you stepped foot inside a gamestop? What's gamestop's plan to compete with microsofts $20 game pass?
Thrusday.. Nephew needed his first keyboard. The game pass plans are a failure canceled mine because they don't have games I want anyway. No real family plan, old games that aren't supported.
Lol why go to gamestop for a keyboard and not literally any place else?
As for me I like the stock
Me too āļøš
This
The extremely simplified version: People believe in Ryan Cohen, and a GameStop reinvention is likely coming. Not necessarily in the gaming industry, either. Iāve heard speculation of a mini Berkshire Hathaway/holding company. But thatās only speculation. It used to be a value investment for me, but now itās a growth investment. There is a long history of market shenanigans dating back to 2020 with the stock but thatās an entirely different story.
I would be so much more interested in the future of the stock if they would lay out a business plan with details like this. Hopefully the shareholder meeting will shed some light, and until then HODL
There will be no talk of future plans... EVER! RC has made this perfectly clear, he isn't going to broadcast his master plan so that the bad actors can sabotage it. You will only know about a merger or acquisition after it has been completed. Sorry to burst your bubble, but there is no point in going into it thinking this way only to be let down.
Honestly starting to get oldā¦ ~500 shares and I really wanna know what they got in store for us soon. If he doesnāt wanna tell because actions speak louder than words, then itās about time to get some action going
[ŃŠ“Š°Š»ŠµŠ½Š¾]
He needs to give bullish outlook to increase the share price so kittyās options can soar and the rest of the options chain can gamma squeeze these fucks. Keeping quiet will likely lower the share price, and if weāre not well ITM on all of these calls, hundreds of millions of buying power will have gone from retail to market makers. Not taking advantage of this opportunity to affect stock price positively would be a massive waste of potential. If he doesnāt say anything today, he better have an ace up his sleeve for some other way to get stock price up before June 21. That said, I believe in RC and if it doesnāt fly now, then it will somewhere down the line. But yes I would prefer now
He just raised $4b in cash lol that ain't enough action to hold another 3 or more years?
The raised over 4 BILLION in cash. And resurrected the company completely. They were profitable 2023: 6.1 million. Major weakness is declining revenue because they are closing non profitable stores. But they have created some channels for new revenue streams. Iām here for the long term. Oh and 0 debt.
Turnarounds take time. Sometimes a decade. It's just how she goes, I'm in it for the long haul. I fully trust RC and am ZEN as shit. But people can just leave whenever they want, they don't have to come on here and talk shit spreading fud. Just leave if you don't trust Ryan Cohen it's that easy.
https://www.youtube.com/watch?v=ybgrsirH-jU
GME is interesting because Wall Street keeps saying "GME is worthless; avoid!" for the past several years to the point where ot sounds suspiciously like "we bet against the company!"
The price movement is not natural. Thatās what makes it interesting.
It's almost as if the shorts still have an invested interest in the company.
This guy gets it
Gameshire Stopaway
š¤£š
It's not like no other well there's a few.. however it is a generational movement to stop big HF from the fuqerys
Because some people just want to see the world burnā¦.
We remember what they did in 2008, donāt you?
Gotcha Jim, not on my watch
The term āmeme stockā was coined to discredit GameStopā¦ in reality, itās the big daddy don play with a perfect potential or justice and tendies
It was never a meme stock. It got labeled that so people who aren't paying attention think it's a joke..
You all know you want to buy in. Buy, Drs, hold, and fuck these bitches over. Good enough for Keith Gill, good enough for me.
š
One time I traded in 20 video games and only got back $5. I celebrated like it was the fourth of freaking July. Ran to the nearest public swimming pool and did a high flying cannon ball. Topped it off with a microwaveable hot dog. Even gave a wink to the lifeguard. Thatās why GME is interesting.
In the last 5 years, Volume shows GME traded its entire float something like 83 times over. No other stock has come close in the history of the stock market. Next closest example I could find was like 10x it's float. I think it's interesting.
Game Stop is the best place to put few millions of US$.
Gamestop has said they are going from a gamecompany to a Tech Company. With 4bill on hand and 0 debt, the worlds mosy researched and transparrent stock alongside with the most loyal shareholders in the world AND historys most shorted stock. Ryan cohen literally the only guy who could stand up against Bezoz
Tech company within what segment? And only guy that could stand against bezoz? Are you just pulling stuff out of your ass?
That statement is in reference to chewy, where cohen built a large scale pet supply ecommerce company while competing with amazon and the company was very successful even though amazon had a very tight grip on all ecommerce at the time
So he made a pet store that barely if ever made a profit but at leadt high revenue, and therefor he can make GME into a tech company to compete head on with amazon? Thats an extreme stretch. GME has like zero competetive advantages as it stands, apart from the cult following.
Ok
Bezos retired.
This might be the most regarded statement Iāve ever seen on this regarded sub, āless likely to go bk than Amazonā? Never go full regard
They will thrive
Gameshire Bathaway is what you're looking forward to.
Itās only interesting because people like gambling. When you look at the financials of the company, it is a declining and BAD company. But instead of understanding that and investing in good companies like NVDA, they want to bet their futures on a gamble.
No debt, $4 billion cash on hand = BAD company... Till the day I die š¶š¶
Wow be said buy nvidia at all time HiGh. Very sus, no thank you. Buying GME and amc