re: So I bought some Gamestop(GME)

quote:

---

How we feeling boys

---

Feeling like I don’t even know what calm is anymore. I’ve been on an adrenaline rush for a week now. I’d love some mooning right now!

And feeling like this shite is very fricked up, making me want to buy more Crypto.

quote:

---

I got close

---

Lol. You think this is over?

Yes. But I would laugh if it hit 1000. Pulling for it actually. We may see a DCB to push it over 500, though.

I just hope we can get leo dicaprio in this future movie

quote:

---

That is because the real conflict in this country is class, not race.

---

Ding! Ding! Ding!

quote:

---

Some of these assholes on CNBC keep positioning this as a bad idea because fundamentals, people are going to lose their money, etc as if they give a frick about John Q Public losing $1k, when it's clear as fricking day they don't like the rules getting used against them.

---

I dunno, to me it seems like a miniature, very abbreviated version of the dotcom bubble, except with memes and Reddit posts. I have no idea why RH would think it's a good idea to halt buying the stock though, and there certainly doesn't seem to be any reason for the government to regulate it. If people want to gamble on this, to me, it's no different than going to Vegas and blowing money there.

quote:

---

I dunno, to me it seems like a miniature, very abbreviated version of the dotcom bubble, except with memes and Reddit posts. I have no idea why RH would think it's a good idea to halt buying the stock though, and there certainly doesn't seem to be any reason for the government to regulate it. If people want to gamble on this, to me, it's no different than going to Vegas and blowing money there.

---

Just look up Citadel and their relationship with robinyahood and the Melvin Company and their shorts on GME. Also look up what a market maker is and what they should do and then see that Citadel is a market maker. The fix is in.

RH went full on Streisand Effect. Huge mistake - tomorrow and Monday are going to be batshit as this picks up mass global attention.

As I have said for days this could all end if melvin and the like just capitulated and admitted they made a bad trade.




Their pride won’t let them.

quote:

---

GameStop is my largest holding

The bull case is real. A turnaround is going to happen in the company very shortly, it’s already well within the process. Switching to primarily online, reducing retail to high value locations, paying down debt, changing their model to be a specialty retailer for gamers the same way as Chewy beat Amazon in pet supply. Those things are all currently happening. Now include that GameStop’s new deal with Microsoft gives them a share of all current and future revenue from every Xbox sold (including games downloaded from the Microsoft Store). GameStop is also generating a ton of cash flow, its cash value is worth a share price of $15 alone. It paid off $125M in debt last month before it was required to.

Now consider that Ryan Cohen, founder of Chewy, is a 10% owner in an activist position and is holding their feet to the fire to do a turn around quickly while the new console cycle is fresh. He’s already made a stake that he could force his way in more if the current management doesn’t speed things up. Other large investors include Michael Burry, the Big Short guy.

Adding to the bull case is the massive short interest. Short shares exceed total shares. Short shares are 3x the current float. A short squeeze is possible with the rest of the bull case. A Ryan Cohen attempted takeover of the company would result in a stockholder vote, which requires short shares to be returned. That in itself would trigger a massive short squeeze. There’s no comparison to the way that the short interest exceeds the total shares. And there are very few comparisons where the short shares have exceeded the float by so much, but in those few cases squeezes have been massive. That crook guy Martin Shkrelli started one and I believe the stock price 20x

There’s also a guy whos figured out how to project GME earnings based on their order numbers being sequential throughout the company, and his projections put the 4Q earnings as staggeringly larger than current estimates, about 2.5-3x

The bear case is also dead. GameStop is paying down debt rapidly, it’s heavily increasing its online presence, it’s getting long term revenue through Microsoft partnership, and it has some other high value revenue generators like its collectible toys that are crazy popular. The 55 million Power Up subscribers are a huge asset. Ryan Cohen’s activist stake and threats have also given legitimacy to GameStop competing with Amazon long term, since his company Chewy bested Amazon in pet supplies. Chewy is a good comparison to GameStop in a number of ways, similar revenue, similar client base. If GME traded at Chewy’s valuation it’d be $50 share price

I think I hit most of it but yea. GME has been nice to my account so far and I’m holding on

Edit: GameStop is also moving into PC and accessories sales, TV sales, etc. Plus brick and mortar is more successful in hardware sales for gaming. And I’m not saying GameStop is Amazon. I’m saying GameStop has the potential to beat Amazon in video game and accessories sales

Yes a turnaround of a company like this is crazy, but that’s the risk you take here. But everything I’m telling you is the evidence why the turnaround looks to be happening and could be successful

---

Behold! This dude is a modern-day stock, Nostradamus! Did you call this shite, or what??!!!!