A lot of people seem to realize they could lose it all, but I'm sure there are just as many who don't.
I guess one of the main dudes in all this a utuber named roaring kitty
View: https://youtu.be/aIVscxs9oJg
View: https://youtu.be/aIVscxs9oJg
you might be the wrong guy toi ask but you are the guy who seems to know wtf they are talking about here ......what happens to gamestop in all of this. i mean the company is pretty much worthless and on its way out . it reminds me of 2015 radioshack or blockbuster . there is no value in the actual company and they willl be gone soon.it seems super fucked up that a store that sells physical copies of video games can be worth anything let alone mega millions on paper. what happens to the actual company when the redditors cash out ?
anyone with a brain would have cashed out at least what they bought in for along the way
maxime bernier?
It's in this thread a ways back.
wait - you're saying that the guy who spent his entire political career turning his home state in to a tax haven for hedge managers and investment bankers might NOT be the right person to lead us out of the rampant corruption fed by the greed of hedge managers and investment bankers?
Next thing you'll be telling me that a woman who used a sexual relationship to advance her career and joined a candidate who she said she believed had sexually assaulted women isn't really #MeToo
or that a guy who aggressively pushed for segregation and the mass incarceration of Black Men can't partner with a woman who let Black Men rot in jail or die to preserve her political career, and effect real #BLM change.
what the fuck are you smoking, homey?
Yes. I was reading about him earlier. His shares were worth 47 million on Wednesday......
Although he did put 750 grand in to start with
^ he runs an investment company. They say he's the one that started all this and people jumped in on his tipa
Good for him...now we need a million more of dudes just like him
I'm definitely the wrong guy to ask since hadn't even heard of gamestop until a day or two ago lol
but let's say hypothetically it's a good business with healthy ongoing operations. whether it's stock is 400 bucks or 10 bucks doesn't really matter. stockholders are just the owners who receive the net revenues through share buy backs or dividends
(that's over simplified. because if your debt to equity ratio gets too high, ynw rate you pay on debt agreements may may change. another example is the company may own alot of its own stock. so depending on what it bought at versus where it sells effects its bottom line just as it would any other investor)
but your framing was in terms of a company which doesn't seem to have a bright figure and may slowly sell off its assets or go under, like other brick and mortars of the past ... all this positive price movement largely doesn't affect its odd of survival since it's in the business of selling games. its not in the business of trading its own stock
that's why I worry that there are investors dumping 20,000 in, then making youtbe videos, then getting out. and on the flip side, 200 fans of their that invested 100 bucks each, don't get out until after the grifter dumps his own stock. so by the time they get out, they are back to break even or at a loss. whereas their noble dear leaders made Bank off of the fans being loyal sheep buying and "holding the line", as if the grifters really cared about the line in the first place
Let's short sherdog.
I hate those motherfuckers
I hate those motherfuckers
thanks man . even though my step dad has been droning on and on about the stock market for the last 35 years i have retained none of it
i feel way more vengeful towards teh UG and would love to see chris and kirik living in a box under an overpass and sucking dick for ramen noodles
Buy a blue name then, the videos exist on fapout
Oh wait you can't buy a blue name because even that feature is broken.
the one thing I'll add is that while studying for the CFA examination back in the day, I learned that equity analysts have a worse record than almost any industry due to overconfidence and confirmation bias. it's a bunch if fucken know it alls on wall street who don't actually know shit lol
speculating can be fun, especially due to robinhood changing the industry
no transaction costs means there's a slightly better chance of beating the over market rate of return of a diversified buy and hold and reallocate among asset classes strategy
but look at gamestops long term price. it is welllll below current levels.
all day every day, anyone could have been buying shares, which would drive up the price. that includes Wallstreet traders whose job is to look for under valued companies as well as ordinary citizens investing their own money
but the demand for the stock was never there which is the stock wasn't gaining over time.
so why has it gone up now?
(1) no one understood the true value of the business until Joe rabbit figured it out
or
(2) it's true value was where it should have been. and now reddit has artificially buy up it's price so as to screw hedgefunds. meaning, these elevated prices won't hold forever
my instinct is the latter
short gamestop now!! hahah jk. I'll stop
ive read all this thread and I can’t see it.
because it’s bullshit.
just far right whining and being victims again.
Ninja one, dipshit, can't you read??
