GME up over 100%.... what is going on now?

[TimtheEnchanter]

Just avoid this...

 

[destriero]

Dude, quit flapping your hole. I posted a screen shot of my position on a prior page.

Cool story, Bro.

 

[newwurldmn]

So basically what you're saying here is this guy Cohen has the potential to be (or is) some kind of business prodigy based upon what he did at Chewy.

The other day he Tweeted a picture of a sock-puppet and the stock spiked north in a big way. Cute. Real cute. It worked. But there's only one Elon Musk, or for that matter, one Donald Trump. You don't move stock prices with a Tweet on Twitter in the real world. It would appear however that enough players out there are salivating for this, a new visionary savior. Dumb, but it is what it is.

I'm not taking anything from this man's accomplishments, he's a billionaire. But there is a world of difference between building a company like Chewy from the ground up at the exact right moment in time being somewhat of an IT geek.... and taking over a dinosaur business model with 5500 brick and mortar locations and all the associated legacy costs. Everything from wages, to rent, to utilities, to workman's comp,.... the list goes on and on. This is not even close to being an apples to apples comparison.

Plus.... how the f is he gonna turn the company around, when he's not even mentioned on their Wiki page aside from #102 in the footnotes.

https://en.wikipedia.org/wiki/Gamestop

Wtf is that about?
GME can't update their own wiki page!?
They're a $9B fortune 500 company that now has the alleged, 35 yo boy genius, that is going to engineer a multiple for the company that he achieved with an online dog food delivery company in his 20's.

Its bs.
I don't buy it.
Again.... I point out the legacy costs of this operation. 5500 brick and mortar stores. There's no need to dig any deeper.
If he does pull it off, he will go down as one of the greatest businessmen of all time.

In summary, I am 100% convinced the financial world has lost its collective mind.

but he bought GME at almost zero. So he is getting a legacy platform and brand for almost free. The rest of us are along for the ride.

I’m just saying GME is different from all the other meme stocks.

 

[Nine_Ender]

$274 currently. What was the point about celebrating that drop unless you lucked into some flash trade near the top ?

 

[Saltynuts]

$274 currently. What was the point about celebrating that drop unless you lucked into some flash trade near the top ?

Celebrating that it has almost certainly topped!

 

[ElCubano]

That's a classic picture.

Someone should do that in oil and sell it.

If I had hedge fund, I'd buy it and hang it in the lobby

Brilliant.

 

[IamTheCasino]

Celebrating that it has almost certainly topped!

Another top?!? What is this, the 5th time? Im sure you will get it right one day bud.

 

[Nine_Ender]

Celebrating that it has almost certainly topped!

You could have gone long on the local bottom .

 

[Relentless]

You could have gone long on the local bottom .

He could have went long and averaged in where he originally shorted + added.

What a difference of position right now he'd be in. Though I wouldn't touch this thing with a 20 foot pole personally. You're just gambling.

 

[Saltynuts]

Another top?!? What is this, the 5th time? Im sure you will get it right one day bud.

The top was over 300 earlier today. Right around 240 now, and still sinking. It will fluctuate but the top is IN. I've never seen a top hit so hard, my gawd it was beautiful. It shall not go above the high earlier today for years to come. BOOK IT. "Bud."