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

[Sprout]

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.

not according to some deep divers on wsb

 

[zghorner]

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?

its almost as though the market is being irrational...

 

[zghorner]

 

[Overnight]

its almost as though the market is being irrational...

Say it ain't so! Oh nossss! rofflecopter

 

[Sprout]

Great thread and why there are diamond hands

https://twitter.com/x/status/1351280770212618240

 

[narafa]

I guess it would be cheaper for Citron to buyout reddit and shut it down than continuing in this deep hole, lol

 

[JSOP]

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 obvious you are not a gamer. LOL And you are talking as if we are gonna be in the pandemic forever LOL. Second gamestop is not just comprised of retail gaming stores. It has other segments such as digital non-physical gaming sales and technology brands.

Are you short man? It sounds like you are short big time on GME the way that you are trashing GME so hard. I mean I see its lack of fundamentals but it's still got something good going on and it is trying hard to revamp its business.

 

[JSOP]

Well it is supply & demand. There is obviously demand for the stock and there is someone willing to supply it.

 

[zghorner]

Well it is supply & demand. There is obviously demand for the stock and there is someone willing to supply it.

Lack of supply IMO is what's driving this up. More and more People are buying and they aren't selling man.

 

[themickey]

It's obvious you are not a gamer. LOL And you are talking as if we are gonna be in the pandemic forever LOL. Second gamestop is not just comprised of retail gaming stores. It has other segments such as digital non-physical gaming sales and technology brands.

Are you short man? It sounds like you are short big time on GME the way that you are trashing GME so hard. I mean I see its lack of fundamentals but it's still got something good going on and it is trying hard to revamp its business.

Are you long man? It sounds like you are long big time on GME the way that you are shilling GME so hard. I mean I see its lack of fundamentals but it's still got nothing good going on and it is trying hard to swamp creature (go underwater) its business.