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

zghorner said:
Do any of you think that the reaction after hours could be indicative of big money taking their positions on the bull side?
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No.

This whole thing sure is hilarious though! Love every aspect of it. What reddit has (helped) do to Left and Melvin. Seeing people on this "elite" trading forum attempting to perform fundamental analysis on a stock so clearly detached from reality. All the comments on reddit, twitter, etc...

You can't buy this kind of entertainment!
 
Overnight said:
Good lord man, GME is not AAPL. Next time you have a chance to visit a Gamestop, go for it. You'll see.
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Gamestop is still pretty cool, with all the games on the wall that gave you all the nostalgia and with all the DVD's of the movies that you missed. It's a place of sanctuary for gamers where you can actually talk to gamers just like you face to face and exchange games and not like looking at string of texts in chats and looking at games against a grey backdrop in STEAM.
 
jys78 said:
No.

This whole thing sure is hilarious though! Love every aspect of it. What reddit has (helped) do to Left and Melvin. Seeing people on this "elite" trading forum attempting to perform fundamental analysis on a stock so clearly detached from reality. All the comments on reddit, twitter, etc...

You can't buy this kind of entertainment!
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How do you expect this to play out from here on?
 
TrailerParkTed said:
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.
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dude had balls.
 
JSOP said:
Gamestop is still pretty cool, with all the games on the wall that gave you all the nostalgia and with all the DVD's of the movies that you missed. It's a place of sanctuary for gamers where you can actually talk to gamers just like you face to face and exchange games and not like looking at string of texts in chats and looking at games against a grey backdrop in STEAM.
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Uh, no, Gamestop is not "pretty cool". One of my first jobs was working for Electronics Boutique in NYC. This is back in the 80s, dude. It was not "cool" then, and it is not "cool" now.


It's a fucking retail slog. Just like every other pittance of a retail job you would get anywhere else in America.

Gamestop is fucking doomed. There's nothing they can do to stop the bleeding. Nobody is going into the mall during the pandemic to commiserate nostalgically with other gamers, in a Gamestop retail store. And if they do? How does that help Gamestop as a company? How does that increase revenue? The comisserators will buy the candy bars on the way out? Impulse shopping?

Yer high man.
 
It's amazing & insane at the same time. $200 calls expiring this Friday 29-Jan traded 109K contracts (Eager to see the OI, it was 0 yesterday since this strike was added yesterday only I believe). IV for OTM (When they were out of the money during the session) is astonishingly 650%!!!!
 
Overnight said:
Uh, no, Gamestop is not "pretty cool". One of my first jobs was working for Electronics Boutique in NYC. This is back in the 80s, dude. It was not "cool" then, and it is not "cool" now.


It's a fucking retail slog. Just like every other pittance of a retail job you would get anywhere else in America.

Gamestop is fucking doomed. There's nothing they can do to stop the bleeding. Nobody is going into the mall during the pandemic to commiserate nostalgically with other gamers, in a Gamestop retail store. And if they do? How does that help Gamestop as a company? How does that increase revenue? The comisserators will buy the candy bars on the way out? Impulse shopping?

Yer high man.
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Agree that fundamentals are like non-sense, but this has been moving in the last couple of weeks purely based on war tactics, no fundamentals, no technicals, no common sense.

Besides, you are judging the company based on the current information, things can change dramatically. For example, those investors (Like Micheal Burry and others) who took large stakes in the company earlier may end up forcing the company (Through board decisions) to completely change a lot of things in it's business model. Lots of surprising things can happen which we can never know right now.

I am not saying that the stock is worth $200+ per share (Even with the biggest turnaround possible), but I am saying that the future is uncertain for the stock and the company itself.
 
zghorner said:
How do you expect this to play out from here on?
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—

NY, NY - In a surprise move today, S&P Global announced that GameStop (GME) would be added to the S&P 500 index. When asked how could GameStop meet the criteria for being added to an index containing the largest US companies, Paul Dicks said "Look, we are trying to get ahead of the curve here. With the explosive growth of the stock price and solid support from the Reddit community, it is only a matter of time until the stock exceeds the capitalization of a good number of the stocks listed in the S&P 500". When Gabriel Plotkin of Melvin Capital who is heavily short the stock was asked to comment on the news, he said "F&#K Off, I just another margin call today asshole!

lol
 
narafa said:
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I am not saying that the stock is worth $200+ per share (Even with the biggest turnaround possible), but I am saying that the future is uncertain for the stock and the company itself.
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As a failing brick-and-mortar, there is nothing the company can do to turn it around, unless they change their entire mission statement. Like, going from a "fabulous electronics retailer" to a place that makes the best pizza ever and forever. I mean, shit?
 
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