91–100 of 199 posts
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It's a public community. Did you open it even once? People (yes, people other than the one guy who started it) post screenshots from their investment accounts.
I wonder how many are authentic and not just inspect element
I'm curious if the HFs that shorted Gamestop, are also profiting off of the wild swings by Redditors who have now lost hundreds of thousands of dollars. They could easily swing-trade this stock all the way down, using massive buy/sell orders to drive the price. If Melvin Capital isn't bankrupt after all of this, there might just be A LOT of broke redditors who cashed in their lifesavings on this gamble.
ditto this. And the motivation for organizing "buy gamestop" isn't altruistic as it seems.. 1. buy gamestop stocks 2. call in SJWs to 'fight against the bad guys (hedge funds)' by buying gamestop stocks - they relay this message to others 3. watch price go up, thanks to campaigns from SJWs 4. sell off when the price is right (feels highest) 5. watch the price go back to normal valuation - you can't expect this high p…
How so? I may be ignorant, but isn't that just the way the stock market works. Sad, yes. Crime though?
What is GameStop going to be five years from now when digital distribution is the only way video games are sold? I can't imagine selling game-related tchotchkes is a very good business. What else is there?
The guy that's arguably the impetus behind this whole GME thing gives a compelling story in a 5 minute youtube video: https://www.youtube.com/watch?v=alntJzg0Um4 * I don't own GME or have an interest in this whole thing one way or the other, nor do I have an opinion on Roaring Kitty's research. I just find this all very interesting to follow.
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Rebuilding into a place for gamers to congregate in person rather than shout at anonymous trolls on the internet? They've got the space, and after 18 months of limited social contact it could be an opportunity
That sounds like the LAN Cafes (AKA "PC Bangs" in Korean) of old. They were at their peak pre-broadband, but as far as I can tell, have long since fallen out of favor. Every now and then I see a new one pop up - usually focused more on consoles rather than PC games, but they seem to inevitably go out of business.
It's not going to be an easy option, but it's pretty much the only option other than winding up the company.
I'm curious if the HFs that shorted Gamestop, are also profiting off of the wild swings by Redditors who have now lost hundreds of thousands of dollars. They could easily swing-trade this stock all the way down, using massive buy/sell orders to drive the price. If Melvin Capital isn't bankrupt after all of this, there might just be A LOT of broke redditors who cashed in their lifesavings on this gamble.
> They could easily swing-trade this stock all the way down, using massive buy/sell orders to drive the price. I call BS. Selling a huge amount of shares and then buying them again will not generate a profit.
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ditto this. And the motivation for organizing "buy gamestop" isn't altruistic as it seems.. 1. buy gamestop stocks 2. call in SJWs to 'fight against the bad guys (hedge funds)' by buying gamestop stocks - they relay this message to others 3. watch price go up, thanks to campaigns from SJWs 4. sell off when the price is right (feels highest) 5. watch the price go back to normal valuation - you can't expect this high p…
> this is a financial crime How so? I may be ignorant, but isn't that just the way the stock market works. Sad, yes. Crime though?
but this time, there's no 'fradulent' element, so I guess no.
If there were promises of earnings, it might have been.
Earlier quoted context omitted.
ditto this. And the motivation for organizing "buy gamestop" isn't altruistic as it seems.. 1. buy gamestop stocks 2. call in SJWs to 'fight against the bad guys (hedge funds)' by buying gamestop stocks - they relay this message to others 3. watch price go up, thanks to campaigns from SJWs 4. sell off when the price is right (feels highest) 5. watch the price go back to normal valuation - you can't expect this high p…
> this is a financial crime How so? I may be ignorant, but isn't that just the way the stock market works. Sad, yes. Crime though?
First order of business for their new CTO - fix the website: Access Denied You don't have permission to access "http://www.gamestop.com/" on this server. Reference #18.8ba72917.1612368077.10f974bd
I'm curious if the HFs that shorted Gamestop, are also profiting off of the wild swings by Redditors who have now lost hundreds of thousands of dollars. They could easily swing-trade this stock all the way down, using massive buy/sell orders to drive the price. If Melvin Capital isn't bankrupt after all of this, there might just be A LOT of broke redditors who cashed in their lifesavings on this gamble.
I see often stated as a fact that "a lot of retail investors from WSB bough a lot of GME shares", but I never see any proof about any of this. What's the proof that any retail investor actually bought GME? How many retail investors actually bought GME? How much money did they win or loose?
Citadel says you were right to ask these questions:
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i9SnRzR8AM1...
https://www.bloomberg.com/opinion/articles/2021-01-29/reddit...
I was thinking recently about how GameStop might pivot. They have retail locations, which a lot of companies don't, so they should take advantage of that. Some examples I have thought of include: * put 3D printers in the stores and sell custom objects based off of your gamer profile. * convert the stores into a gamer bar and show eSports tournaments. * host LAN parties or move into tabletop games
If they can capitalize on the goodwill and build products that people like and not over-monetize them I think they are in a position to do well over the long term as, hopefully, a lot of these stock holders are actually long term holders.
