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

Overnight said:
On the contrary. The golden age of brick-and-mortar gaming stores is over. I am sure the company will survive in some fashion, but they will have to change in a big way to get people to overspend on boxed products they can just get online for less, or download.
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imagine if they made an offering anywhere near these prices and wiped out all debt and still had plenty left over to completely reinvent the company...
 
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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my first job was working at babbages.
 
Those fund managers must be newbies or amateurs doing counter-trend trading.

They probably failed to do day trading.
They probably failed to stare at the computer screens for many many hours.

Even a blind person will know GME is an uptrend.
 
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TrailerParkTed said:
If Brokers dropped GME from marginable, guys selling calls below intrinsic what does the Future hold? We know shorts can’t refuse this red meat, after making good money I refuse to short it. GME was like the fairy godfather I never had growing up.
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Fairy "godfather"?
:D
Were they reeeally selling calls below intrinsic?!
I gotta think someone with some coding sense and a blowtorch connection could arb that.
 
Suspended trading. Now 237.
And Falling. No one can buy, only sell on most platforms. Robinhood made a gigantic amount of their buying volume now nothing.

The fun is over.
 
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