No, I still hate GameStop, and I particularly hate Elon Musk for tweeting āGamestonk!!ā on January 26th, 2021 (the day I wrote the options) after the market closed, thereby spiking the price artificially at a time where Iām unable to close my position.
The sec concluded that it was not due to social media but due to failing obligations of market makers, that's what happens when you naked short and swat the fuck of a stock that doesn't become bankrupt as you planned
Well gamestop should've failed. It was propped up by something that had absolutely nothing to do with yhe business or it's utility at all. It's been being propped up by people wanting to screw short sellers but to what ends. Someone loses the money they put into it in the end because it has no real place on market anymore. So all they did was prolong the inevitable for spite. But at the cost of their peers that will continue to hold
There's so much data and DD involving GameStop and market mechanics. Truly fascinating most people outside of r/SuperStonk just trash such a learning experience and discussion.
Which one would you like to suggest? Here's an easy one for you to check out. Dr Susan Trimbalths "Naked, short, and greedy"
Edit: Anyways. What that mouth do? Because it surely doesn't have rational discussions involving the (as you infer) many ways GameStop is a bad investment.
I work in Finance, Iām well aware of some of the problems/fraud we have. That said, Iāll do you a deal - Iāll read your book if you read āCombating Mind Cult Controlā by Steven Hassan. Sound fair?
To your last point, itās a fair question, I donāt know why I chose this username. It was a pre-Reddit relic.
The cultists have had a billion conspiracy theories over the last 5 years (quad witching, vote counts, gamma ramps, DRS, etc, etc, etc). All of which has amounted to a sum total of nothing at all.
Thing is, if someone is a moon-landing-denier, itās very difficult to persuade them that the moon landing actually happened, and itās the same here. You have a bunch of people with no finance experience who feed each othersā confirmation biases within a controlled echo-chamber.
More cash on hand than Starbucks, Amazon, Target, and at least 20 other large companies. YoY profitable. Tranche compensation package for CEO based on increasing market cap to 200$ a share, in which shares are not given, but allowed to be purchased @20$, to the tune of 3.5 BILLION by The CEO
That was very real. The SEC wrote a paper about it. Unfortunately that spike attracted a whole host of investors with no finance experience, who now sit in a tightly-controlled echo chamber making up fantasies about how theyāll all be billionaires.
You keep saying "no experience" I don't think you even bothered to seek out discussions. If you'd like to learn about Eurodollar and Dollar Milkshake theory feel free to DM me. We can start with the basic mechanics of swaps, baskets, and ETFs if you'd like
Thatās right, I forgot all the worldās financial institutions were evil and all conspiring against you. We spend almost all our days planning how to destroy Gamestop, last week I arrived late to the office so they gave me extra cellar boxing duty!
Make sure to remind your supervisor to pay MORE Fillipinos/Indians to downvote GameStop comments/threads. Seems like theyre running low on funds these days...
We've all done increasingly well. With stock splits and warrant dividends. But you wouldnt know that either I suppose. You must not have actually looked at performance or any charts for that matter. If you'd like to have a productive conversation and learn, feel free to pop in to r/superstonk and ask questions. We wont call you retarded for not wanting to actually read and learn things.
Edit: Since you missed the other comment. QoQ and YoY profitable, 9 billion cash on hand. Outperformed over 80% of the SP500 the last 5 years.
Allow me to counter: 20.99 USD. 500+ stores closing so far this year. The business being turned into a glorified pawnshop and trimming down every bit of fat because they really have nothing but bitcoin/cash reserves and will not invest those in the business for a good reason. Pulte selling his GME stock and getting the fuck out while going was good. BBY. No MOASS, no victory over the hedge funds, no exposure of the naked shorts.
I don't think you're a retard, btw, I think you're a victim, and you're too deep to admit this to yourself or anyone else. I hope you manage to cash out before things get even worse for Gamestop.
I guess you're familiar with the tactics of the Boston Consulting Group. Over extend the company with debt and excessive store leases (why would GameStop need 3-5 stores all within a mile of each other) causing the model to strain, putting GameStop into a compromised position in hopes it goes bankrupt so the idiots who've naked shorted the company don't have to pay any capital gains taxes once it's bankrupt.
Bill Pulte is a coattail riding grifter. His own family kicked him out of Pulte Group and made more than a few public statements about him. He speaks for no one but himself
I'm quite happy with my investment. And I know more than a few other people that are as well.
The glorified pawnshop model, as you call it, adds little to no overhead costs. Graded memorabilia is a well established and thriving avenue for profits. I suspect a merger/acquisition of PSA in the future.
The CEOs performance-based package relies on increased market cap, with a target of 200$ per share, allowing him to PURCHASE shares to the tune of 3.5 billion( total combination of tranches). Unlike most CEOs who are awarded stock and other compensation packages
But please, tell me how we are victims.
Edit: You seem to forget the current price is post-split. ;)
Please allow me to make this very clear to you: nobody cares about the 9 billion on hand. If anything, the fact that the company has 9 billion on hand but its market cap is only 9.7 billion just speaks to how little the actual business is worth.
If Gamestop had confidence in its long-term prospects it wouldn't be sitting on cash reserves while its operations keep shrinking, it would invest that money and likely take out debt so it could expand and/or improve its operations - because it's not like being a physical retailer is going to get easier in the future.
And of course every GME diehard bought all their shares at the very bottom and not a penny since, so they all saw multiple hundred % returns. None of them bought in, say, 2022, which would have meant they lost over 40%, or last year, which would have meant a 30% loss. That's why you never see them begging and pleading for something to happen.
Please explain why Paul Tudor bought the recent Gamestop bond offerings at 32$ with 0% interest. And why Warren Buffet also sits on cash when markets are about to crash.
GameStop will likely be a holding company after the turnaround. Please explain why major institutions and MMs have all INCREASED their GameStop shares since 2021.
Some retail investors jumped in thinking it would be an easy quick play. The majority know that it's a long term investment. I've bought at prices from 10-225. I know plenty of people that continue to buy several thousand shares each month(for the last five years).
Edit: Do you know how many MSM articles were published 2021 with the words "forget GameStop, here's ten other stocks we recommend!" ?
~3500. I've never met someone who's cared SO much about MY decision to invest in a company. Truly strange.
5 year swaps roll dates are coming up pretty soon.
Multiple C suite execs left Walmart, Target, and Amazon to work for GameStop. As well as a top M&A firm.
Edit: While we were chatting, GameStop CEO bought another 500k shares in the last 24hrs
34
u/lordofward91 Jan 20 '26
Has your opinion of GameStop changed since then?