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Hertz, the original meme stock, is turning out to be worthless

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Re: Hertz, the original meme stock, is turning out to be worthless

#11

Post by Judgmentality »

tacheiordache wrote: post #6
VHRanger wrote: post #3

Obviously? The company was bankrupt. People who bought HRTZ after bankruptcy had to have known it was a game of financial musical chairs, much like GME, TSLA or BTC.

GME is not bankrupt yet (it is indeed overpriced and comparable to HRTZ), but TSLA and BTC? They don't belong to the same categories. TSLA and BTC will see a lot of gains to come. Eventually without a definite date what goes up comes down but it'd be silly to not take a piece of the pie yourself and keep your savings in cash...

At the end of the day, people are betting on what they believe (or throwing away their money for the lulz).

I genuinely, no bullshit, think TSLA is more irrational than GME, and has been for years. I put my money where my mouth is and I'm up 5x in 2 weeks. I know it won't last, but hey TSLA is crashing too. Nothing lasts forever.

Re: Hertz, the original meme stock, is turning out to be worthless

#12

Post by Dirlewanger »

airstrike wrote: post #9
tacheiordache wrote: post #6

Earlier quoted context omitted.

GME is not bankrupt yet (it is indeed overpriced and comparable to HRTZ), but TSLA and BTC? They don't belong to the same categories. TSLA and BTC will see a lot of gains to come. Eventually without a definite date what goes up comes down but it'd be silly to not take a piece of the pie yourself and keep your savings in cash...

BTC is not a stock so I really don't follow why people keep treating it like it has some underlying value

It has value because, again, other people think it has value. Otherwise it wouldn't be trading at ~$54k.

Re: Hertz, the original meme stock, is turning out to be worthless

#13

Post by eloff »

dgellow wrote: post #8
VHRanger wrote: post #3

Obviously? The company was bankrupt. People who bought HRTZ after bankruptcy had to have known it was a game of financial musical chairs, much like GME, TSLA or BTC.

[deleted]

No, GME has a failing business. They were losing money on their physical stores before the pandemic.

They basically have to pivot into ecommerce and somehow compete effectively with Sony, Microsoft, and Valve. I don't give them good odds of success there, even with Ryan Cohen.

Re: Hertz, the original meme stock, is turning out to be worthless

#14

Post by [deleted] »

Judgmentality wrote: post #11
tacheiordache wrote: post #6

Earlier quoted context omitted.

GME is not bankrupt yet (it is indeed overpriced and comparable to HRTZ), but TSLA and BTC? They don't belong to the same categories. TSLA and BTC will see a lot of gains to come. Eventually without a definite date what goes up comes down but it'd be silly to not take a piece of the pie yourself and keep your savings in cash...

At the end of the day, people are betting on what they believe (or throwing away their money for the lulz). I genuinely, no bullshit, think TSLA is more irrational than GME, and has been for years. I put my money where my mouth is and I'm up 5x in 2 weeks. I know it won't last, but hey TSLA is crashing too. Nothing lasts forever.

[deleted]

Re: Hertz, the original meme stock, is turning out to be worthless

#15

Post by tacheiordache »

Judgmentality wrote: post #11
tacheiordache wrote: post #6

Earlier quoted context omitted.

GME is not bankrupt yet (it is indeed overpriced and comparable to HRTZ), but TSLA and BTC? They don't belong to the same categories. TSLA and BTC will see a lot of gains to come. Eventually without a definite date what goes up comes down but it'd be silly to not take a piece of the pie yourself and keep your savings in cash...

At the end of the day, people are betting on what they believe (or throwing away their money for the lulz). I genuinely, no bullshit, think TSLA is more irrational than GME, and has been for years. I put my money where my mouth is and I'm up 5x in 2 weeks. I know it won't last, but hey TSLA is crashing too. Nothing lasts forever.

Indeed nothing lasts forever but TSLA at least has something to show while GME's business is passé. TSLA is overpriced but at the moment it crashed and will jump back to new heights. Why not take advantage of the notoriety and make a gain yourself?

Re: Hertz, the original meme stock, is turning out to be worthless

#16

Post by [deleted] »

eloff wrote: post #13
dgellow wrote: post #8

Earlier quoted context omitted.

[deleted]

No, GME has a failing business. They were losing money on their physical stores before the pandemic. They basically have to pivot into ecommerce and somehow compete effectively with Sony, Microsoft, and Valve. I don't give them good odds of success there, even with Ryan Cohen.

[deleted]

Re: Hertz, the original meme stock, is turning out to be worthless

#17

Post by [deleted] »

unethical_ban wrote: post #7
llampx wrote: post #2

I think TSLA and AMD were the original meme stocks.

AMD isn't a meme stock - I knew it was going to be a safe bet when it was at 5, but didn't have money to do anything with it. It is guaranteed to exist, as it is the only x86 competitor to Intel, and IIRC their x86 license is non-transferable. It is nvidia's only main competitor. It does its job pretty well. Is it a blue chip in terms of stability? Clearly it is a bit more volatile. But it isn't dying anytime soon.

[deleted]

Re: Hertz, the original meme stock, is turning out to be worthless

#18

Post by ex3ndr »

VHRanger wrote: post #5
llampx wrote: post #2

I think TSLA and AMD were the original meme stocks.

Those at least had a growth story. HRTZ and GME are pure plays on the other hand.

Where did you get this about GME? It literally skyrocketed once Chewy team started to take over and transform company.

Re: Hertz, the original meme stock, is turning out to be worthless

#19

Post by Judgmentality »

tacheiordache wrote: post #15
Judgmentality wrote: post #11

Earlier quoted context omitted.

At the end of the day, people are betting on what they believe (or throwing away their money for the lulz). I genuinely, no bullshit, think TSLA is more irrational than GME, and has been for years. I put my money where my mouth is and I'm up 5x in 2 weeks. I know it won't last, but hey TSLA is crashing too. Nothing lasts forever.

Indeed nothing lasts forever but TSLA at least has something to show while GME's business is passé. TSLA is overpriced but at the moment it crashed and will jump back to new heights. Why not take advantage of the notoriety and make a gain yourself?

I think it's obvious that I am holding a substantial amount of GME right now, and I think I should disclose that.

Ryan Cohen, the guy who founded Chewy, is on the board for GME and leading an initiative to transform Gamestop into an e-commerce store. In other words he wants to compete directly with Steam, and while many don't realize it yet, Amazon. And this is one of the only people in history who has successfully beat Amazon in a product category before. Chewy absolutely dominated the pet market for e-commerce.

What I think Gamestop should do is compete directly with twitch, and set up an online game store on top of that. Basically do what twitch is doing but better, because twitch is shockingly bad for an Amazon acquisition. Then Gamestop could host online game tournaments, and they could even draw attention at local brick-and-mortar stores. They've got the real estate, they've got the brand recognition, and they've got the goodwill of the public right now (which is something you can't even buy, Amazon doesn't have that even with a trillion dollar market cap).

I don't think this will happen. But if it did, GME would be ridiculously undervalued right now.

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