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Old 06-27-2016, 11:23 AM  
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Old 02-25-2021, 06:02 PM   #7891
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the big boys pump and dump too huh
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Old 02-25-2021, 06:34 PM   #7892
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Nonsense. There could be 10,000 committed investors on Reddit that couldn't hold a candle to a small hedge fund.


There's more to this than numbers.
Its a LOT more than 10k.

During peak hours on big gain days there have been over 6 MILLION people online browsing/participating in the GME thread. And that's just Reddit, you still have Yahoo Finance, MooMoo and Twitter with absurd numbers as well.
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Old 02-25-2021, 06:41 PM   #7893
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There's more male fantasy in this thread than in the Gracie Hunt thread.
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Old 02-25-2021, 06:42 PM   #7894
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Originally Posted by MTG#10 View Post
Its a LOT more than 10k.

During peak hours on big gain days there have been over 6 MILLION people online browsing/participating in the GME thread. And that's just Reddit, you still have Yahoo Finance, MooMoo and Twitter with absurd numbers as well.
If CCIV does anything close to these numbers tomorrow or in the next week I'll take my profits and scram.
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Old 02-25-2021, 06:43 PM   #7895
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Thinking about this. If I were GME management, I'd issue new stock at these levels.

Why not? Lots of buyers out there. A million shares would bring in $100 million. Hell, $30 billion has been traded in two days. Money to reshape the company.

Just a thought.
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Old 02-25-2021, 06:49 PM   #7896
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I seriously see no way Gamestop has any form of a future. It's Blockbuster Video part 2. Unless they create a significantly unique and rich in-person experience that they can monetize, they're done. Even used games will dry up once the market goes full streaming. the developers have NO reason to support retail or disc-based games. They don't make money from resale so they are happy to watch it die.
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Old 02-25-2021, 06:54 PM   #7897
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Old 02-25-2021, 06:57 PM   #7898
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I seriously see no way Gamestop has any form of a future. It's Blockbuster Video part 2. Unless they create a significantly unique and rich in-person experience that they can monetize, they're done. Even used games will dry up once the market goes full streaming. the developers have NO reason to support retail or disc-based games. They don't make money from resale so they are happy to watch it die.
They fired the CFO yesterday because he thought like the scenario you just stated.

I think, and I'm no GME expert, but I think they want to go all in on online gaming, sales, etc.. No retail stores, used games, etc..
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Old 02-25-2021, 07:00 PM   #7899
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There's no reason for anyone to buy from an online Gamestop platform. Steam and Origin already dominate that market.

Gamestop is ****ed.
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Old 02-25-2021, 07:03 PM   #7900
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I seriously see no way Gamestop has any form of a future. It's Blockbuster Video part 2. Unless they create a significantly unique and rich in-person experience that they can monetize, they're done. Even used games will dry up once the market goes full streaming. the developers have NO reason to support retail or disc-based games. They don't make money from resale so they are happy to watch it die.
Ryan Cohen, founder of Chewy.com and e-commerce wizard turned a ****ing dog food reseller into a multi-billion dollar company. He now has a large ownership in Gamestop and has been brought on board to help revamp the company. Lots of speculation but a few insiders have revealed plans to turn stores into esport tournament hosting sites among other things. May work out, may not but I don't think they'll be going out of business anytime soon.
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Old 02-25-2021, 07:05 PM   #7901
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Old 02-25-2021, 07:07 PM   #7902
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There's no reason for anyone to buy from an online Gamestop platform. Steam and Origin already dominate that market.

Gamestop is ****ed.
So, you're short GME? Sounds like easy money.

Irrational markets will last longer than your money.

Can't wait to see how things work tomorrow.
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Old 02-25-2021, 07:07 PM   #7903
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Ryan Cohen, founder of Chewy.com and e-commerce wizard turned a ****ing dog food reseller into a multi-billion dollar company. He now has a large ownership in Gamestop and has been brought on board to help revamp the company. Lots of speculation but a few insiders have revealed plans to turn stores into esport tournament hosting sites among other things. May work out, may not but I don't think it'll be going out of business anytime soon.
I'm playing the GME game also, but let's be honest here. Not a single one of us is buying this stock because we think it's going to suddenly turn into a reliable and profitable company. Nobody cares about the management. It's all about the hype, squeeze potential, and quick price fluctuation. Anybody saying otherwise is lying.
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Old 02-25-2021, 07:10 PM   #7904
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Old 02-25-2021, 07:14 PM   #7905
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I'm playing the GME game also, but let's be honest here. Not a single one of us is buying this stock because we think it's going to suddenly turn into a reliable and profitable company. Nobody cares about the management. It's all about the hype, squeeze potential, and quick price fluctuation. Anybody saying otherwise is lying.
I agree to an extent, but the future outlook/possibilities make it a lot easier to diamond-hand these shares. Even if this goes back sub-50 I'll hold on to my 52 free shares long-term and see what magic Cohen can deliver.

Same goes for AMC...people dissing saying they're going to die/go bankrupt/etc. COVID isn't going to last forever, and as soon as the country opens back up 100% people are going to be tripping over themselves trying to get to the movies.
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