Buried in Reddit, the Seeds of Melvin Capital’s Crisis

[Overnight]

If I thought about what Gamestop does my account would be a lot less. Personally I think many old holders sold yesterday and today. Gambling with a $10 million gain is ludicrous, than again If only I had power to hold AAPL like my deceased mentor. He bought 20,000 at $14 before the splits and never sold. All that wealth went to charity before cancer killed him last year.

Good lord man, GME is not AAPL. Next time you have a chance to visit a Gamestop, go for it. You'll see.

 

[S2007S]

See the red boxes.

View attachment 249940

I don't even trade stocks, but I do know the company's business model. The answer to GME is NO!

See how easy that research was. Anyone fool thinking this rally is sustainable is a damn idiotic fool. How anyone will be surprised when this is trading below 20 again will be absolute entertainment. Again I would not be amazed by a selloff down below 100 tomorrow

 

[vanzandt]

When are they gonna announce their electric vehicle?

Are they on the blockchain yet? Have they issued a coin?

Are they getting TARP funds? Have they declared to be a bank holding company?

Bank holding company?
Naaa.. that's old school gramps.
Apparently you didn't hear... the Chewy guy said they're converting all their stores into marijuana dispensaries.
GanjaStop's.

Holy smokes.

Bingo!

Trying to but couldn't short today.

Hopefully tomorrow I can because I'm going to short the fuck out of it.

BTFD!

 

[newwurldmn]

See the red boxes.

View attachment 249940

I don't even trade stocks, but I do know the company's business model. The answer to GME is NO!

you are looking at it wrong. Chewy sells dog food over the internet snd is valued at 7x sales. At 7x sales gme should be a 600 dollar stock.

earnings are a boomer thing. Get with the times.

 

[vanzandt]

Do not quote me out of context. Here is my full line...

"...It seems to me, with as little as I know about options, that the best thing to do now is to buy a long-dated put at the current price. What it is now...$200 per share? Can you buy a put cheaply at 200 strike, expiring in the summer?

K, edit...Make that 235 strike, lol! WTF is up with the thing?"

Just guestimating based on the avg Delta since it closed at $148... the Nov 2021 $230 puts should be about $185 here at $223.
$38 BE point.

 

[S2007S]

Just guestimating based on the avg Delta since it closed at $148... the Nov 2021 $230 puts should be about $185 here at $223.
$38 BE point.

Sounds like a very far downward slope to get GME to $38 by nov 21, however if this stock can go from $10 to 230 and probably 300+ tomorrow based on zero fundamentals and zero game plan to create any major future revenue streams, $38 is extremely doable in the weeks and months ahead. There is no way gamestop can keep momentum like this. The entire market is in a bubble and these types of moves in stocks with zero fundamentals are proving just that.

 

[vanzandt]

Sounds like a very far downward slope to get GME to $38 by nov 21, however if this stock can go from $10 to 230 and probably 300+ tomorrow based on zero fundamentals and zero game plan to create any major future revenue streams, $38 is extremely doable in the weeks and months ahead. There is no way gamestop can keep momentum like this. The entire market is in a bubble and these types of moves in stocks with zero fundamentals are proving just that.

Blackrock just took 13%.

http://archive.fast-edgar.com/20210126/A3B2S222Y222K2Z222252WZZNENQ52A2K232/

They didn't even file the HTLM version.
Wtf is up with that?
Keep the confusion alive and well?


Somethings up.

Hmmm.

I'd short Corsair.
CRSR.
I have a feeling GME is heading into their backyard in a big way.

No one here even mentioned that 100M shelf registration.

They have no debt... and now they can dump shares and bank bucks.

I dunno.

I wouldn't be long Corsair though.
jmo

 

[themickey]

Not for nothing. I'm not picking sides but this is gamestop. Wake up, this is no way going to end well. The stock is going to collapse and be forgotten about in due time. Nothing fundamentally has changed with this stock, the entire reason for the rise in the stock is short covering. The future of gamestop is weak. No one goes to gamestop, this reminds me of an old school mid 90s play. There is absolutely no reason to own this hyped up stock that will fall just as quick as it has risen.

I think you would make a good doomsday cult leader.

 

[VEGASDESERT]

I seriously doubt reddit moms basement types are moving this stock. I don't care
how many there are.

They are the catalyst but deep pocket hedge funds are pushing this stock around, make
no mistake. Short squeeze strategy activated with big dollars, not reddit 5k accounts.

 

[zghorner]

Do any of you think that the reaction after hours could be indicative of big money taking their positions on the bull side?