Investing • Page 44

We need the Friday night memes to come thru, amirite?

 

Lmao DFV exercised his 50K options then doubled down and bought 50K more. Posted the update at 4:20 PM and it was his 69th tweet of the week. What a legend.

 

hopefully he’s just trolling at this point to keep the stock price high while he cashes out. Guy made enough to be set for life. There are literally zero reasons why anyone would need more than $30 million dollars. Trying to make more would be the height of greed

 

Eh I say good for him because fuck the hedge funds that tried to short the company out of existence. The price is no longer because of hype and fomo, the transition the company is making to an e-commerce platform and the personnel changes at the top by Ryan Cohen have helped stabilize the price, and it's not crazy to see it going up even more.

 

save the "this company that was never valued over $60 before and has been losing money several years in a row, and only barely managed to scrape a profit together in a quarter when new consoles came out is definitely actually worth $150 and isn't just over inflated because of hype" bullshit for reddit. I would hope that no one here is dumb enough to fall for it.

 

lol ok guy sounds like someone missed the boat and is super bitter about it /s

Obviously the company failed as a brick and mortar franchise and wasn't going anywhere. Everyone knows that. No one is denying that. I'm saying that the transition to an e-commerce company shows true potential, especially with:

1. Cohen becoming chairman of the board and subsequently putting together a board of ex-Chewy and Amazon executives
2. The company paying off $216.4 million of debt due by 2023 in full cash on hand
3. ....and by eliminating that debt allows them to issue dividends (including crypto dividends), repurchase stock, close non profitable stores, and merge or make acquisitions - all clauses that weren't possible until that debt was paid off.
4. To add to the crypto thing, they have updated job listings for specialists in blockchain, and there's talk of them getting into the NFT game

On new board members and they'll be paid in 100% equity:

GameStop Announces Slate of Director Candidates for 2021 Annual Meeting of Stockholders | Gamestop Corp.

Paying off debt:

GameStop Announces Voluntary Early Redemption of Senior Notes | Gamestop Corp.

Plenty of reasons to think the company has a legitimate future, but that's fine if you want to put your hands over your ears and scream about the past while being willfully ignorant regarding the future.

 

So what is the internet saying about doge? They’re gonna bubble it on 4/20?

 

420 might be a big day but at this point, who knows really? Thought there was good momentum going into last night... and THEN Elon announces the Space X contract went through... which I thought would only fuel the meme even further... but hey, whatever lol

 

Whatever the internet is saying will happen, the opposite will happen lol

 

lol literally none of that explains how it should be worth three times as much it was when it actually had a viable business model and was actually making a profit. there simply isn't much room for third parties in gaming anymore, as stuff has shifted to digital where the consoles control the marketplaces and can sell to consumers directly. Can a company maybe defy the odds and carve out a niche where they can still be successful? Sure, anything is possible. But it also very possible it goes nowhere, they keep losing money. So the fact that you have to spew so much speculative bullshit to justify the price proves that the price is mostly inflated by hype.

if you wanna believe in fairy tales that is your business you're free to do so. just don't get upset when people point out what you're doing and have a good laugh at your expense.

 

Ok cool so the things I listed that you obviously didn't read aren't speculation, but that's cool you have your fairy tales too.

Now I know why so many people blocked your Pikachu head ass in the politics thread during the election. You are one bitter little Pokemon.

 

none of your crying or name calling is going to change the facts: gamestop has lost money several years in a row and is in a sector that there isn't much room for third parties to succeed and so going "I'm so sure they are magically going to be able to not just turn things around but become way more successfully than they ever were in the past that I think this company should be worth three times as much as it ever has been even back when it was making money" is a completely ridiculous claim

but hey, its clear you've already fallen for the bullshit and science shows its very hard to get people to snap out of a cult by pointing out they are in a cult. so you do you. I just find cults to be inherently dangerous things so I'm going to keep doing my best to ensure other people don't get suckered into the cult or others like it themselves.

 

Who hurt you? Lmao you've mastered the art of putting words in other people's mouths. Not sure what Gamestop did to you in the past to make you such a spiteful person but I'm sure there are better ways to expend that anger than coming in here and shitting on the conversation

 

I'm legitimately sorry you're so lost in a cult that you think people pointing out that gamestop price is over inflated by hype in a thread about investing is somehow "shitting on the conversation". The way that people have manipulated you and others like you into getting so wrapped up into this and throwing their money away a stock like this is honestly very troubling, and I hope the people responsible eventually face justice.

 

Dude I have no holdings whatsoever in Gamestop and I don't know a single person irl that does lol. Heaven forbid I think there's potential for them to turn it around - something you mentioned yourself as a possibility - but if you want to label me a cult member with your continued hostility, go off.

 

lol you've done nothing but spew hostility towards me and yet are crying about "my continued hostility". Don't cry about something you yourself are guilty of

but then again you somehow thing "potential for a company to turn around" is the same as "justification for why its stock price should be over three times higher than it ever was, even at its very peak" so yeah...

 

Very cool thoughts, thanks for sharing, could not care less what you think

Anyways, there's a medical supply company that is working on a continuous glucose monitor with sensors that last for 90 days. Currently the biggest names in the market (Dexcom and Abbott) have sensors that last 10 and 14 days respectively. As a type one diabetic, I've had my eye on the company and their stock price for some time. Nice to invest in a company I actually believe in.

 

you clearly cared enough to give multiple replies but alrighty whatever you say

 

Coming in an talking about meme stocks as bad long term investments is like telling a wrestling fan that it’s fake. We know, we are just smart enough to have fun with it and enjoy the ride. I’m pretty positive everyone here knows the risks so like chill out dude.

 

unfortunately the person I was was replying to was trying to act like "the price is no longer because of hype and fomo". so the yeah, it appears some of us aren't smart enough to understand its still a meme stock and think the evaluations are fair and they are good long term investments

if you wanna talk about meme stocks and are aware of the risks involved, sure, have fun talking about about meme stocks.

but if you try and pretend like your meme stocks aren't actually a meme stock and that their price is a legitimate representation of what they are worth... don't get mad when people laugh at you

 

It's still real to me, damnit

 

Lol

 

I put my life savings into gamestock!! To the moon!

 

@clucky I found the droid you were looking for

 

I put $40 into dogecoin as a joke during the peak GameStop days. $1000 profit this week with savings included for capital gains.

this is not investing advice I’m a big dummy