On Game Stop, yours is the perceived wisdom. Except the company IS making the transition from pure bricks & mortar to e-commerce in all sorts of ways. Perversely, even Amazon has realised it needs some bricks n mortar footprint....
Game Stop has attracted over one hundred new hires from the FAMANG tier. Not a single insider has sold stock (some were recruited away from cushy jobs on the premise of stock access) except for reasons like directorship resignation, tax or similar. Game Stop holds $20 per share in cash. No debt. The current NFT craze is a joke, but NFTs will be big as an electronic barcode on another item. The clue is in the name non fungible. NFTs should have zero intrinsic value and the present market in them is an abomination. Game Stop realises the difference.
Lastly, $GME was illegally naked short sold with management cronies destroying the company until Ryan Cohen came along. They have never closed. Game Stop is the asymmetric play of a life time.
Well said, Wall Street Bets was right that $GME was worth more than the street believed, but once it rose so much... well there is no point in buying an over valued stock.
GME Soars 20% After Announcing Stock Split
Gotta love $GME!
Why I Believe GameStops's Intrinsic Value Is $0
While you make a very good case for the problems $GME faces, saying its stock is worth $0 is just unfair.
I Kid You Not Crazy
On Game Stop, yours is the perceived wisdom. Except the company IS making the transition from pure bricks & mortar to e-commerce in all sorts of ways. Perversely, even Amazon has realised it needs some bricks n mortar footprint....
Game Stop has attracted over one hundred new hires from the FAMANG tier. Not a single insider has sold stock (some were recruited away from cushy jobs on the premise of stock access) except for reasons like directorship resignation, tax or similar. Game Stop holds $20 per share in cash. No debt. The current NFT craze is a joke, but NFTs will be big as an electronic barcode on another item. The clue is in the name non fungible. NFTs should have zero intrinsic value and the present market in them is an abomination. Game Stop realises the difference.
Lastly, $GME was illegally naked short sold with management cronies destroying the company until Ryan Cohen came along. They have never closed. Game Stop is the asymmetric play of a life time.
GameStop COO Hits The Exit Button After Being In Office For Under A Year: What You Need to Know
Don't care. Still Diamond Hands on $GME!
Robinhood Soars After Becoming Latest Meme Stock Darling, AMC & GameStop Tumble
$AMC and $GME aren't the only plays that diamond hands hold.
GameStop Corp. Sinks As Banks Tighten Restrictions On Shorting Meme Stocks
I was thinking the same thing, I don't know why there is so much disdain for $GME among all the experts.
AMC Insiders are Selling: Should You?
Insiders selling at $GME but it’s still 300 bucks a share.
GameStop Corp. Sinks As Banks Tighten Restrictions On Shorting Meme Stocks
What are you talking about? GameStop is up up up! $GME
How (And Why) Investors Should Play GameStop
Well said, Wall Street Bets was right that $GME was worth more than the street believed, but once it rose so much... well there is no point in buying an over valued stock.
Wedbush Downgrades GameStop To Sell With $29 Price Target
HFS shorted the entire Russell 2000, or in other words, every single ETF with $GME in it!
See: charts.stocktwits.com/.../original_307686362.png