131–140 of 199 posts
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/u/deepfuckingvalue? he also posted screenshots iirc.
You do know how easy it is to go into developer mode, inspect element, and make things say whatever you want to say, right? How do you prove that was not done?
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> 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.
https://marketrealist.com/p/short-ladder-attacks-explained/ When you have millions reading a forum saying "BUY THE DIP" and you can create a dip, then you probably stand to make a lot of money.
https://www.reddit.com/r/investing/comments/lbib0x/the_myth_...
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I guess that is how the term is defined by people who dislike them, but I think the core motivation is social progressivism and generally left leaning politics. SJWs are unlikely to favorably compare themselves to 4chan or use the n-word and r-word. I don't think the heart of WSB is particularly political, but it certainly gives off vibes that are closer to the alt-right than SJWs.
ok, I didn't know it's left or right term... wtf the word seems to be like 'feel-good-fool' but seems there's more to it
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Your argument is already questionable since you imagine a subred that makes retard/dick/cuck jokes has any SJWs in it. I just find it amazing how so few people actually go on WSB, but have a garbage pail of opinions. Seriously, less then 5 min on WSB shows how incredibly wrong the media has been regarding that community or their motives. Mark Cuban, Kevin Oleary and a few others are backing what wsb are saying due to…
I'm sorry, but you seems to be void of any refutation of my logic. you iterated some famous people who are supportive of WSB, but... so what? Are they 'the wise ones of the stock market'? Are they financially supporting financial damage-takers? They're just famous people, and that's all. I agree that making a more level playing field is good. But that should be done by congress and law makers, not by burning gullible…
Part 2, again, you've never been on WSB for even 1 minute. At every part of this venture, everyone says this is a terrible profit venture. Everyone on wsb shows off their losses and calls it "loss porn". The only gullible folks are the ones listening to the media. Namely CNBC. Theyre the ones pushing the profit narrative, not wsb. This was more to screw over predatory short sellers and to help a few struggling companies people like. AMC for example, got to leverage their boost in stocks to have a fighting chance to survive through 2021. Effectively holding off bankruptcy for now. Gamestop is now able to position themselves to fight through the next few years.
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You do know how easy it is to go into developer mode, inspect element, and make things say whatever you want to say, right? How do you prove that was not done?
Occam's razor: that dude started back in May to provide data and screenshots, I don't see feasible that somebody faked data for so long hoping to achieve what?
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
Footer still shows 2020 as a copyright date, too. Not that it really matters - but i've always thought it was kinda funny when people just don't use a static start year with a dynamic {{ now.year }} so it is always up-to-date.
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 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
It's a tough spot.
(1) 3D Printing -- really good idea; I'm rehabbing my 3D printer for my kids, this evening, so they can print Among Us characters. If I didn't have a 3D printer, I might consider that sort of option, but I'd probably go online first. And that's kind of the problem they need to find a way to pivot away from.
(2) Gamer Bar -- I think a few have panned this idea. I love it, but not for GameStop. Their locations are unlikely to be ideal for restaurant style-businesses. And while it's a different kind of business, they'd still fall under the same regulations which would require substantial reworking of their retail outlets. Assuming "bar" means "alcohol", that's going to knock out many of the retail locations -- any where getting a liquor license/landlord approval isn't possible/practical/affordable. I have no idea if this would be popular, or if it would fall victim to "teen dance club" problems[0] ... often the way I imagine things "should be" aren't they way they turn out :).
(3) Tabletop/LAN Parties -- Not sure LAN parties are all that useful these days, but maybe? Moving into other forms of games seems really logical. Most hardcore gamers that I know are also into a variety of adult board games and all have disposable income.
Assuming the idea is "stay retail and keep many of the retail locations open", I think the biggest problem is finding a product that they can actually sell. I know people still buy games in physical formats, but that's ending at some point. All of my game/software purchases are digital. All of my console purchases are online and all of my used/pre-owned purchases are craigslist/marketplaces.
I stopped using GameStop to recoup the value of obsolete games/consoles because the prices they offered for my used stuff was never competitive and the cost to purchase (often beat-up) used items from the store were similarly not competitive. Granted, it's been years. Offering to sell used products on consignment or with a firm, low, commission would change my mind. Offering both options would cover everyone.
Maybe going back to 3D printing -- perhaps providing customizable accessories to a variety of console components (i.e. grips for controllers, knobs with icons on them, etc) in-store might be an option. I don't know if that's going to be the end-all, but the cost is reasonable considering it offers a huge inventory on-demand. Focus on covering accessories that are niche but popular and offer customization since they're print-on-demand.
[0] Where I live, there were a few notorious "Teen Dance Clubs" that charged cover, didn't serve alcohol, and were pretty much the most popular place for the police to visit any night they were operating for all kinds of minor crime.
DFV himself said that GME might be worth $50 a share if, and only if, the Cohen turnaround eventually takes.
Ok, maybe you're in it for the long run, but it clearly wasn't worth $300. Cash out, buy back in a month when things settle down. Then again, he's been so public with this that if he were to sell and ghost WSB and Youtube, he might legitimately fear for his life for the next decade. Maybe there's something to be said for traders not telegraphing every trade.
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Like Radio Shack seamlessly turned into makerspaces, as the maker movement came out, where people could 3d print, design things together, and whatnot? Turning businesses around is HARD. I hope they do something, but I'm not optimistic.
> Turning businesses around is HARD. Not turning them round is harder.
* CEO gets a golden parachute and finds a new job. A competent CEO will always find a job. A turn-around is risky, and a failed turn-around will have exposes and will ruin a career. Easier to stay-the-course.
* Workforce is laid off, struggles for a few weeks, and usually finds new jobs. The layoff sucks, but turn-arounds involve equal layoffs (and indeed can be harder to find jobs after; my employer went out-of-business is a mighty good reason to leave a company). Employees also hate change; in many cases, finding new jobs like old jobs is easier than re-qualifying.
* Shareholders lose a little bit of money, but are pretty diversified, and from a 50 trillion market, GME even at its inflated valuation is around 1/20th of a percent.
... and new ventures come in and fill the gap.
Capitalism is built on survival-of-the-fittest. If a company is not fit, it's sometimes more humane to kill it and replace it with a fitter company than to keep it straggling along. Companies aren't people; they're abstractions. There's no moral remorse to replacing a company with a better one. If you're running DBCorp which has a mediocre, buggy product, and a mismanaged workforce, and I run DBInc which takes your customers, hires your workforce, and has a high-quality product and well-managed workforce, in the end, everyone often ends up happier.