$GME

Sprout said:
Surprised that there wasn't a thread specific to this company. Having only a superficial view of all the shenanigans around this meme stock, the notion that the CEO takes no compensation to lead this company certainly raises an eyebrow.

Let's discuss all things GameStop.

This tiktoker has some good OSINT content on Corporate Capture and his work on tracing who's who's and who sits on who's board of corporate america is informative. The distinction of who is capturing corporate voting rights is clear and backed with data.

This one is specific to GameStop. While I'm not a fan of bobblehead visual content, his feed covers a broad range and also goes into the weeds.

https://x.com/Cancelcloco/status/1787596535632404638
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nitrene said:
The problem with Gamestop is its core business has no future. Are kids going to go back to buying cartridges or DVDs of their games? Seems like everything goes through Steam or Twitch. They still run 4000+ stores:

The Company has a total of approximately 4,169 stores across all of its segments: 2,915 in the United States, 203 in Canada, 404 in Australia, and 647 in Europe. Its stores and e-commerce sites operate primarily under the names GameStop, EB Games and Micromania.

They did finally go positive EBITDA in 2024 Q4 at $55M so that is pretty good. They should close most of the stores & go asset light. Cohen got the authority to invest cash in other ventures. He should do what Saylor did at Microstrategy.

Take your cash windfall and invest in the future. Gaming at a retail store is dead. You can be Netflix or Blockbuster.
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@nitrene
Netflix or Blockbuster, great metaphor

Just watched "Dumb Money", startled that I missed this entire cultural phenomenon.
 
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https://x.com/unusual_whales/status/1790110914190127349?s=46&t=RtbvMjSZB-E4IMCIlJrlWA

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How to trade GME?

It might have been manipulated; ie it is easier to earn $$$$$.


On 3 May 2024, there was a significant increase in volume.
Towards the end of the day, the candlestick was a long green candlestick.
Long it immediately at around $16.

13 May 2024, before the market opened,
there was tons of publicity.
Millions of lazy suckers who missed the earlier boat tried to chase after the boat.
GME peaked at $38, and closed at $30.
In fact, it didn't close that well.


What to do during the next few days?
Get ready to take some profit.
 
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maxinger said:
How to trade GME?

It might have been manipulated; ie it is easier to earn $$$$$.


On 3 May 2024, there was a significant increase in volume.
Towards the end of the day, the candlestick was a long green candlestick.
Long it immediately at around $16.

13 May 2024, before the market opened,
there was tons of publicity.
Millions of lazy suckers who missed the earlier boat tried to chase after the boat.
GME peaked at $38, and closed at $30.
In fact, it didn't close that well.


What to do during the next few days?
Get ready to take some profit.
More...
How's your never ending diatribe here at ET go(?)... on every stock there is?

"It's in a downtrend. You have to wait for confirmation in the charts."

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:vomit::vomit::vomit::vomit::vomit::vomit::vomit::vomit::vomit::vomit::vomit::vomit::vomit::vomit::vomit::vomit::vomit:

No... you have to wait for the 4:11 AM VZ scanner alert when he spots a huge move pending.

At least Stoney has a few solid tenets.
 
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vanzandt said:
How's your never ending diatribe here at ET go(?)... on every stock there is?

"It's in a downtrend. You have to wait for confirmation in the charts."

View attachment 340391

:vomit::vomit::vomit::vomit::vomit::vomit::vomit::vomit::vomit::vomit::vomit::vomit::vomit::vomit::vomit::vomit::vomit:

No... you have to wait for the 4:11 AM VZ scanner alert when he spots a huge move pending.

At least Stoney has a few solid tenets.
More...
upload_2024-5-15_13-24-57.jpeg
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Open your eyes with your lids shut.
By the time you wait for all the planets to be aligned for confirmation,
you will be just dust.

Uptrend - you should short it.
downtrend - you should long it.
What an idiot!
 
Well I guess Max put me on ignore, because I saw his response but when I logged on to reply, it was gone.

Hey MAX!!!

Sorry if I struck a nerve, but you're the one that misses out on all the big moves "waiting for confirmation".... you have 2000 posts (+) saying this ad-nauseum.... over and over and over again.

But part of me is kind of happy that you chose to retort in such a manner, and put me on ignore. Why? Because despite what so many seasoned ET members have stated regarding their opinion that you are nothing more than a bot.... I never subscribed to that. Glad I could evoke an emotion.... and by doing that perhaps re-assure the readers that you're not a bot. That said... you're stupid "wait for chart confirmation" has once again been proven 1000% wrong. Don't hate the messenger... embrace the reality.
 
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