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Sir this is the unemployment line.
I'd sell now- cause its gonna go down the shitter in 2 years or less. Retail is dead in the US. Bulk of gain in after hours trading today. Wait until tomorrow and see what happens.
it's a squeeze i'm not selling until at least friday granted i am a retard and this is not investment advice im betting it doubles
Grandpa told me Friday's when something expires.
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Suppossedly its spiking cause smart money is jumping in. Once they get a look at the retail side of things and how hard it is to shift to full ecommerce, boom goes the value
it's spiking because
1) it was undervalued
2) the stock is heavily shorted, big hedge needs to pay those options back regardless of price
3) elon shouted it out today
4) 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
7) cohen aka the chewy founder joined the team
Fundamentals will always win in the long run - Overall, the stock has risen more than 400% over the past three months — unusual for a struggling company that has lost $1.6 billion over the last three years.
it will crater soon if you read all the stupidity going on.
yeah the 🚀 will land on craters on the moon and i'll walk away with a big bag
make sure to come back and tell everyone you sold it at its absolute peak and timed it to perfection
Sir, he is going to the moon and taking Gamestonk with him.
will do chief
Long live r/wsb
@SirFoxy why didnt you buy on margin or buy an option?
it defeats the point of a squeeze
52 wk low 2.57 52 wk high 159. Now that would impress me if you bought at 3!
Options are expensive at this point I think. He maybe doesn't have thousands to blow. Last week would have been better. Or 3 years ago.
i tried to get in at $65 last friday and set a limit order at $75 monday but it fuckin opened at $100 then i got in at $121. oh well, still worth.
This topic really reminds me all the OTC boards.
"Smart money hurr durr" To dah moon!!
Sir, we are going to the moon to blow it up......
I thought we were going to the moon to set up mining operations... oops thats asteroids
Saw the beginning of this GME craze weeks back on WSB, of course I didn't get on the rocket though
not too late m8
Only doge will take me to the moon
AMC
no full retard on GME first don't let Melvin get to ur head
lowendstocks.com
lowendsqueeze.com
available to create the next lowend mania
Maybe a short term play on the squeeze, driven by reddit idiots. But that kind of purely speculative play (betting on what the market will do, not what the company will do) is always out there. It always ends poorly. How you fare depends on your dexterity and, largely, luck.
GameStop is a hideous long-term investment. GameStop benefitted from the last PS5 cycle but that's probably the last console cycle that will include physical delivery.
Do you shop at GameStop? Do you know anyone who does? They have an incredibly fragile business - retail sales in an age where their product has already gone digital. It's like buying a record shop. In a mall. Their ecommerce play is not credible and it's less than a third of their business. And, of course, competition there is even more fierce.
They have nothing to differentiate themselves in ecommerce and they're competing against players like Amazon. On price. Good luck with that. Meanwhile, their retail business (two-thirds of their sales!) is rotting .
I invest for the long haul and GameStop is the antithesis of what I would buy. They're a corpse, propped up by some speculation. They're going out of business - just a question of when. They may limp on for a couple years but "we sell in malls and against Amazon online" spells doom.
As Benjamin Graham put it, the short-term market is a voting machine, while the long-term market is a weighing machine.
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