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

tommcginnis said:
As usual, Mr. Overnight, sir: you hide your genius under a bushel basket -- along with the end of a hooka hose:
Alllll those retail spaces.....
Alllll those leases -- a whole *network* of established locales, each of which carries an intrinsic cohort of gaming users (now both male AND female), of an age where culturally, "marijuana use" is just *not* issue.

Put up a graph of SPG and GME since ummmmm "4-20"........

"Yer high man."

Indeed.

Anybody done any serious research on GME? What's their price/book? What's *in* their "book"? My read is that this is a post-CoVID play by those with long lenses. If so, then what's a reasonable P/B for GME? Could it support a $5 put option? Say, Jan'22? Would you *want* to own that *book* in January of 2022? Post-ye-ol'-CoVID-19?? THAT is a fair question. (And, the same for AMC, y'know...)
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This mania buying osnt about fundamentals.Its a short squeeze and buying mania....Shorting a rocket is suicide.Buy pits if anything.Even though gme is up 200$ today my feb10 puts quadrupled since the stock was at 125$...idk whats going on... A lot of put premium...i went long nok this morning @5.10...well see its hit 9.80 and dropped back...craziest i ever seen.
 
themickey said:
Ummmmm, I'm seeing it up 120% atm and gapped up on open.
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Thats 3 mins ago. It gapped down at the open...im not short. Tried several attempts at different brokers and no shares available. Trust me it's easy money to be shorting this stock. Even if it goes to a $1000 it's going to drop 80% from any high it makes.
 
tsznecki said:
I can look past @S2007S because he is a gay perma bear.

But @Overnight again you speak of things you know nothing about. Is GME a failing mail retailer? Yes. What does that have anything to do with the stock price? Fundamentals? The same fundamentals that say GME was a short at $20 which is now 345 pre mkt? And @Overnight admits he mostly only trades index futures. WTF do you know about single stock?

WSB is epically right. Gay bears are retarded. How big of a drawdown do you have to take to prove you were right? For what a maybe 50% up day on your short? WSB is up multiples of your imaginary short on the long side even after a 50% single day crash.
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This gets to the heart of the matter. Price is truth. Many people have made (and realized) huge gains (and losses) on this. So far, the bulls have been correct. Obviously that will change, but no one can know when. Only the most deluded are trying to perform fundamental anylsis on this. The smart money is making $ on these huge moves without getting emotional either way.
 
S2007S said:
Thats 3 mins ago. It gapped down at the open...im not short. Tried several attempts at different brokers and no shares available. Trust me it's easy money to be shorting this stock. Even if it goes to a $1000 it's going to drop 80% from any high it makes.
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Mmmmmmm, I can't understand how it gapped down on open....
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jys78 said:
This gets to the heart of the matter. Price is truth. Many people have made (and realized) huge gains (and losses) on this. So far, the bulls have been correct. Obviously that will change, but no one can know when. Only the most deluded are trying to perform fundamental anylsis on this. The smart money is making $ on these huge moves without getting emotional either way.
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yes, trading exemplified.

Fundamentals are for investor dweebs.

GME $1000 EOW
 
Koss expr spce nok

Something is going on. They are finding stocks and just letting them run hundreds of percent. This is 1999 again.
 
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