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re: GME is going wild because Roaring Kitty posted a photo on X after 3 years of silence

Posted on 5/20/24 at 8:38 am to
Posted by GhostOfFreedom
Member since Jan 2021
11845 posts
Posted on 5/20/24 at 8:38 am to
In late night (24 hour trading) it is a lot.

Posted by GhostOfFreedom
Member since Jan 2021
11845 posts
Posted on 5/20/24 at 8:42 am to
quote:

They are prepared to increase their outstanding shares. It is the opposite of a share buy back. It dilutes current shareholders.


I didn't say it wasn't. If it goes up, they can take advantage of it and strengthen the company. They already have a billion+ in cash reserves.

I don't understand why so many of you hate GameStop so much. It is funny, in an odd way.
Posted by TJG210
New Orleans
Member since Aug 2006
28366 posts
Posted on 5/20/24 at 9:29 am to
quote:

I don't understand why so many of you hate GameStop so much. It is funny, in an odd way.


Because it’s a zombie company. It has zero path forward as a going concern.
Posted by TJG210
New Orleans
Member since Aug 2006
28366 posts
Posted on 5/20/24 at 9:30 am to
quote:

In late night (24 hour trading) it is a lot.


By open it was red, so that really meant nothing.
Posted by FreddieMac
Baton Rouge
Member since Jun 2010
21130 posts
Posted on 5/20/24 at 10:09 am to
Looks like the meme stock has lost money over the last week. Like 13 billion or something .
LINK
Posted by kc8876
Member since May 2012
2960 posts
Posted on 5/20/24 at 10:13 am to
quote:

If it goes up, they can take advantage of it and strengthen the company


You're the definition of dumb money

quote:

I don't understand why so many of you hate GameStop so much. It is funny, in an odd way.


We don’t hate it, you loving it is what’s odd
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35578 posts
Posted on 5/20/24 at 10:16 am to
quote:

We don’t hate it, you loving it is what’s odd



He's sticking it to the hedgies bro. Sure those guys are now richer than ever, but any day now they are going down!!!!
Posted by KamaCausey_LSU
Member since Apr 2013
14629 posts
Posted on 5/20/24 at 12:03 pm to
I'm completely on the sidelines for this one but holy crap. Really hate to see people falling for a blatant pump and dump. This is brutal.



The premium must have been insane but puts must have printed money at any strike price.
Posted by TJG210
New Orleans
Member since Aug 2006
28366 posts
Posted on 5/20/24 at 1:16 pm to
quote:

The premium must have been insane but puts must have printed money at any strike price.



They weren’t too bad
Posted by slackster
Houston
Member since Mar 2009
85329 posts
Posted on 5/20/24 at 3:01 pm to
quote:

I don't understand why so many of you hate GameStop so much. It is funny, in an odd way.


I don’t have any feelings toward GME or you, I just think it’s important to stick to the facts.
Posted by GhostOfFreedom
Member since Jan 2021
11845 posts
Posted on 5/20/24 at 3:43 pm to
How did the day end?

Not that it mattes. I actually would not have been surprised if the shorter had pushed it down to 12 or below.

This is the most heavily manipulated stock in existence. It is entertaining, although sometimes frustrating.

Posted by GhostOfFreedom
Member since Jan 2021
11845 posts
Posted on 5/20/24 at 3:45 pm to
quote:

By open it was red, so that really meant nothing.


True. It is one seriously crazy stock.
Posted by SmackoverHawg
Member since Oct 2011
27382 posts
Posted on 5/20/24 at 4:07 pm to
Hopefully the company is selling some stock every time this thing runs up and accumulation cash. Someone should be able to parlay this into a real business with that capital.

I got in and out for a $4000 gain. Sounds good, but my greedy arse was up over $50k at one point. A win is a win I guess. Lesson learned.
Posted by GhostOfFreedom
Member since Jan 2021
11845 posts
Posted on 5/20/24 at 4:34 pm to
I believe the price right now is still a bargain. Besides not being in debt (minus a small low interest French Covid loan), a billion in cash, the first profitable year in 5 (continual improvement since Cohen took over), they have some really cool new product lines.



https://www.gamestop.com/candycon


The faceplates are magnetically detachable and switchable the controllers and pad are interchangeable. The controllers are High quality Hall effect. Currently, these are Switch/PC compatible and it is expected to soon have XBOX/PC and maybe Sony ones. Super great quality for the price and the cool thing is that people are collecting the different plates (they can stack together) and controllers and just switching out as they want. The solid color ones are getting mod with stickers and people painting them. If you jack it up, get another $10 dollar plate.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35578 posts
Posted on 5/20/24 at 4:38 pm to
This is really embarrassing
Posted by GhostOfFreedom
Member since Jan 2021
11845 posts
Posted on 5/20/24 at 4:59 pm to
quote:

This is really embarrassing


You shouldn't be embarrassed. Just stand up, suck your gut in and chest out.
Posted by BuckyCheese
Member since Jan 2015
50097 posts
Posted on 5/20/24 at 9:56 pm to
GME bagholders
Posted by saint tiger225
San Diego
Member since Jan 2011
37422 posts
Posted on 5/20/24 at 10:02 pm to
When you post things like that I just have to assume you're trolling everyone because I don't like to believe there are people who share this world with me that are that dumb.

But then again, we're heading for a Biden v Trump 2, so the stupidity shouldn't surprise me any more.
Posted by GhostOfFreedom
Member since Jan 2021
11845 posts
Posted on 5/21/24 at 9:01 am to
quote:

GME bagholders


Maybe you are right. We will see. It is a battle of patience, no doubt.

Posted by StonewallJack
Member since Apr 2008
701 posts
Posted on 5/21/24 at 9:37 am to
quote:

Maybe you are right. We will see. It is a battle of patience, no doubt.



Why did you not sell when it reached around $60?
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