GameStop stock soars after 'Roaring Kitty' reveals $175M bet

Post by vmladenov » Wed, Jun 05, 2024, 3:54 AM UTC

reducesuffering wrote: post #23

mmh0000 wrote: post #20

Earlier quoted context omitted.

I believe you haven't missed anything. The research on GME going up by thousands of dollars is compelling. You can wade through the cesspool that is the r/GME subreddit and read it all. I've come away believing the apes are right. As of now, GME has 2 billion USD cash on hand. They wouldn't go bankrupt for over 350 months even if they didn't make a single penny. And they are making pennies! Lots of them! And they're…

During this entire GME scam stock saga, the company has lost over $1b, is still not a profitable company, and has no foreseeable future being a profitable company selling physical game copies in a digital world. Their stores are closing left and right. If you've never looked at their balance sheet and don't even know how to read a balance sheet, then you don't know what you're doing. The fundamentals are garbage and…

Post by 1oooqooq » Wed, Jun 05, 2024, 7:02 AM UTC

thorncorona wrote: post #14

1oooqooq wrote: post #9

economists, educate me please. people buy shares, the company sells shares, pay the ceo and skeleton staff, and then what? how anyone make money on that besides pump and dump?

we're trended towards being able to monetize attention and popularity in the last couple years. memestocks are just a manifestation of this. you buy because you have faith in x. you sell because you lost faith.