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TulaneLSU
TBD Fan
Member since Aug 2003
Member since Dec 2007
12332 posts

re: So I bought some Gamestop(GME)
Friend,

Amazing! I wish I had read your December post before today. What a blessing for you and your family and your church! Well done, good sir!

Yours,
TulaneLSU
This post was edited on 1/13 at 4:23 pm


Upperdecker
US Space Force Fan
St. George, LA
Member since Nov 2014
23630 posts

re: So I bought some Gamestop(GME)
TulaneLSU,

Thank you friend
In all seriousness, I do plan to make an increase in my tithings as well as a % of my profits to St Jude Children’s Hospital once it’s all settled. I’m going to try to request that it fittingly go towards video games for the inpatients.

Yours in Christ,
Upperdecker


lynxcat
Rutgers Fan
Member since Jan 2008
21667 posts

re: So I bought some Gamestop(GME)
Is this popping solely on the RC news? Is this financial engineering or sustainable change to the business model driving these hyper gains?


MusclesofBrussels
Member since Dec 2015
3305 posts

re: So I bought some Gamestop(GME)
quote:

financial engineering


The fricking chewy guy is apparently the new Elon


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11
go ta hell ole miss
New York Yankees Fan
Member since Jan 2007
9158 posts

re: So I bought some Gamestop(GME)
quote:

investing in physical media in a digital media world?

nah, you made the right decision.


Laugh all you want. Up 1100% since April. Squeeze is on.
This post was edited on 1/14 at 12:03 am


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10
oklahogjr
Arizona State Fan
Gold Membership
Member since Jan 2010
30866 posts

re: So I bought some Gamestop(GME)
quote:

Is this popping solely on the RC news? Is this financial engineering or sustainable change to the business model driving these hyper gains?

Value play with some financial tomfoolery. Gamestop is slowly adapting, cohen is gonna force the issue though and faster than current management seemed to previously want. Theyre pretty healthy financially other than declining sales. Good news has been tremendous e-commerce growth and large amount of customer data plus early debt paybacks.

If they're smart they leverage this short squeeze to release some of the 100k shares they shelved. Bring in some capital to push faster like cohen wants


Upperdecker
US Space Force Fan
St. George, LA
Member since Nov 2014
23630 posts

re: So I bought some Gamestop(GME)
Cohen has insisted he wants to protect shareholder value. Which I interpret partly as not allowing GameStop to dilute its shareholders (including himself). And he has the board votes to do that


Triple Bogey
LSU Fan
19th Green
Member since May 2017
3718 posts

re: So I bought some Gamestop(GME)
Up another $5 pre market! This is wild. I’ve been trading for about 10 years now, gambled on penny stocks, small cap biotechs and have never been in on something like this before where just actual shares are up this much %


Upperdecker
US Space Force Fan
St. George, LA
Member since Nov 2014
23630 posts

re: So I bought some Gamestop(GME)


This is what I’m looking for. Overstock had an elongated short squeeze this year and went from $2 to $120. Think this lasted a month or so. Looks like 5M short shares were covered yesterday. Only 70M to go
This post was edited on 1/14 at 6:48 am


el Gaucho
Southern Fan
bawcomville
Member since Dec 2010
43125 posts

re: So I bought some Gamestop(GME)
I had kind of given up on the short squeeze dream and was looking at selling any day

The good news is that the squeeze is so hyped on the retail side that there should be pretty good hold pressure

I bet we get 40-45 today


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Upperdecker
US Space Force Fan
St. George, LA
Member since Nov 2014
23630 posts

re: So I bought some Gamestop(GME)
I think $45 is possible. I bought some 40c expiring tomorrow before close so I’m betting on it


Triple Bogey
LSU Fan
19th Green
Member since May 2017
3718 posts

re: So I bought some Gamestop(GME)
quote:

I think $45 is possible. I bought some 40c expiring tomorrow before close so I’m betting on it


Gonna be ITM by the time the market opens.

What were your premiums on those?


oklahogjr
Arizona State Fan
Gold Membership
Member since Jan 2010
30866 posts

re: So I bought some Gamestop(GME)
quote:

Cohen has insisted he wants to protect shareholder value. Which I interpret partly as not allowing GameStop to dilute its shareholders (including himself). And he has the board votes to do that

Long run though it's better for shareholders if the company sells some stock at a premium now and pays down debt. I don't think he wants a ton of dilution but this is their best chance at a capital raise with minimal dilution


Upperdecker
US Space Force Fan
St. George, LA
Member since Nov 2014
23630 posts

re: So I bought some Gamestop(GME)
quote:

What were your premiums on those?

Averaged 1.20

Obv not ITM right now but I’m green on them and holding based on the potential, willing to risk my investment there based on the possible reward


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02
Upperdecker
US Space Force Fan
St. George, LA
Member since Nov 2014
23630 posts

re: So I bought some Gamestop(GME)
I agree it’s their best chance to raise capital. I think they’ll monitor the short squeeze and time the offering to go along with when the short squeeze has really taken off. But I don’t think Cohen will allow it to happen before the squeeze really occurs


44tiger
LSU Fan
Member since Aug 2013
827 posts

re: So I bought some Gamestop(GME)
Bought GME at $4 knowing it'd have a spike with new system sales. Sold at $17.

Kicking myself today


MrJimBeam
New Orleans Saints Fan
Member since Apr 2009
5018 posts

re: So I bought some Gamestop(GME)
That is still a fantastic profit. Don't sweat it too much. We can't be perfect at every single thing we invest in.


44tiger
LSU Fan
Member since Aug 2013
827 posts

re: So I bought some Gamestop(GME)
I'd be kicking more if I'd lost money

Just started playing with Robinhood in August so I've got alot to learn. I learned I should have been 4 months earlier.

But hey I'm sitting at 50% return overall so I'm not complaining. Easy to do with where the market was though.


volfan30
Atlanta Braves Fan
Member since Jun 2010
37981 posts

re: So I bought some Gamestop(GME)
We’ve touched $43


Upperdecker
US Space Force Fan
St. George, LA
Member since Nov 2014
23630 posts

re: So I bought some Gamestop(GME)
Made some big money on that touch of $43 with my 1/15 40c calls I bought yesterday. Sold for 450%
This post was edited on 1/14 at 11:27 am


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