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Apparently you didn’t get the email, profit for GME is bad for the company as a whole, why do you think we have amazing people like Cramer giving us huge hints to sell? This stock is going to $0, profits are dumb, having a ton of cash on hand is even dumber, there are so many people out there concerned for us, please listen to them and sell!!
😂😂
Buy and DRS folks.
It is, we call that buying! It used to effect the price of the assets but the more we buy of this the lower it goes! Amazing test case here we are seeing.
I’ve thought about this and have personally decided to just buy when I have the cash to do so.
I firmly believe at any point the value of GME shares could skyrocket. Nobody knows when that could happen, and I also don’t think we’ll be given any signals for when it’s about to happen.
The worst feeling would be waiting to purchase shares in the single digits only to wake up to shares trading in the triple digits again.
The company has $100M earmarked for buybacks.
Lets say the DRS count is still ACTUALLY at 76M (which theres no fkn way it is), then that leaves about 224M to go.
So anything lower than $0.50 and GME can pretty much lock the float on their own with that hunnid milly.
I work with some financial majors that are convinced that the financials of GameStop still spell certain doom for the company. I ask, why do you think that?
They can't seem to formulate it into words, but of course, point to a single metric: Revenue.
I show them the EPS chart that has been on a steady ascent since this saga all began. They have no explanation.
I explain to them how they just turned a profit for the first year since before this saga began. They agree that is a solid metric.
I describe how they have essentially no debt, while earning interest on over $1B in cash reserves. Their eyes seem to flash with optimism.
I reveal how they are actively supporting Web3 game development with grants and creating their own Steam-like Web3 platform whilst Valve has openly expressed that they will not support NFT or Web3 gaming. The significance seems a bit lost as Web3 to them has no meaning yet.
I once again charge them, why do you think that?
Blank stare ensues before giving way to "the financials of GameStop spell certain doom"...
It's in this moment, I realize that I'm talking to automatons, unable to think for themselves after decades of programming. They never understood finance in the first place. They only drank the Kool-aid.
They also tune into the favorite talking heads on their commute to work that are subconsciously planting seeds of bias into their brains each day. I honestly think most of their aversion to GME comes from that more than anything else. They will bash Cramer, but then pick some other personality in the same space that they align with who is basically saying the same shit in a different way.
It's not just pattern. The media is owned by the companies that would take huge financial losses if things go the way we know they can.
These people have a grip on the entire global market. They are cheating the system, we know it and continue to expose them.
That's why there is all the negative news, and the massive push to devalue the stock with pressure from the media, and from the market.
You think the richest people in the world give a single fuck about a law or rule or regulation? They don't look at financial laws and think, oh no we better not do this because its illegal.
There are no rules. There are no laws. Those are tools of the rich to manufacture hope and control. They can change them, break them, bend them however they want, whenever they want.
Fighting them requires us to play a game we can control, with rules they can't bend or break.
**The true dumb money listens to analysts and financial news outlets.**
Wall Street wants you to play in their casino and lose your shirt, not to invest into value companies.
That is why they shell out all this cool apps and financial education, so you feel cool and superior (while in fact losing your shirt).
But the true MVPs made their billions the same way we invest and have their own opinion about "financial education" and "mandatory" stuff like diversification...
[https://youtu.be/ZJzu\_xItNkY?feature=shared&t=83](https://youtu.be/ZJzu_xItNkY?feature=shared&t=83)
I recommend watching the video to the end.
**We are early, but we are not wrong. Investing in wonderful businesses and DRS are the way.**
The short sellers need to drop the price to scare off average Joe investors.
There is also the possibility that some institutions might switch sides already, while offloading toxic positions to sacrificial entities. The lower the price the more efficient they can switch, maybe we will even see an attempt to to offset losses by screwing over options issuers in the future. If some have some sophisticated options tools subscriptions, they might be able to spot unusual activities.
Because Dividends are Kryptonite to short sellers, they have to be paid in lieu for the IOUs out there.
RC might want to invest the money into further growth and to defend the stock price for now, but short sellers for sure got the message. And if GameStop continues the turnaround, dividends are back on the menu.
It’s because we’re early. Literally. I’ve come to accept that when I realized how the world wasn’t ready for what Vine had to offer back in its day, but then the Vine clone TikTok comes out of literally nowhere and takes the whole world by storm.
It’s the same idea with the transition from Web2 to Web3 gaming. People just aren’t ready yet to adopt the true use-case for NFT’s and blockchain tech.
I’m so incredibly grateful that GameStop was able to invest in their future and not fall at the hands of those corporate leaches on society.
GameStops NFT Marketplace has been, yes. They also said they'd be investing in others because they had no desires to compete with them in the same space, but would rather support them.
They seem to be working with ImmutableX. They are actively offering grants to Web3 game developers to grow the sector. This means they clearly have their eyes and ears tuned to that space for the future growth of revenue potential.
The thing I keep asking is why would a lot of the C suit and higer-ups chose to be paid in stocks? Why leave high paying and high status jobs/positions/workplaces to start at gamestop?
If I was working at Amazon, Facebook, Google etc it would take a lot to make me change jobs. After all, I have a steady and high income, people recognize the brand names, I must be pretty smart to get the jobs in the first place.. why change? Why gamestop? Why paid in stocks?
They likely are already well-off, comfortable, where they don't need a sustained income, and they, to your point, *clearly see the long term value in GameStop.*
It's very easy to explain why Gamestop's Q4 results were bad and their prospects are bad but nobody here will really engage with any of it in good faith.
Their revenue declined 11% YOY. Despite closing underperforming stores their revenue *per store* declined. They accomplished a profit via layoffs and cuts to benefits. The company still lost over 30 million on operations - they only eked out a .1% profit margin because of interest income.
Outside the financial numbers, the company is on the outside of the transition to digital gaming, losing market share to digital distributors. There is no sign that this trend will do anything other than continue, and Gamestop leadership hasn't offered any plans on how they are going to deal with this. They rightfully abandoned the web3 nonsense which was a money pit with no future but don't seem to have any other ideas for new revenue streams.
The price of the stock is nowhere near justified by the financials, and the company offers no forward guidance or strategy to investors. There's no reason to believe the company's revenue or profit will grow in 2024. Revenue is likely to continue declining and profit is unlikely to change in a meaningful way.
We are acknowledging it. The difference is that people like this guy here can't see past this and understand the broader context. He's exactly like the financial colleagues I was describing. **They can't see the forest because of the trees.**
There's no reason to believe revenue will continue to decline. It was increasing until RC started closing unprofitable stores. We were beating revenue estimates, while missing EPS estimate. Now, we've flipped the script and everyone is acting like revenue is declining like a run away train. You are going to need to look a little bit deeper than that.
Just like when GameStop wasn't profitable while raking in huge revenue, some stores that were raking in big revenues also weren't profitable.
Like I said in my original comment, GameStop first needed to turn the corner for profitability to sustain the long term transition needed to build revenue streams beyond physical retail storefront sales. Web3 wasn't going to be ready in time. GameStop bought the time needed by finding a way to become profitable.
If you just look at some surface level metrics, like the dorks in here trying to pretend like they understand how to read financials, then you are going to miss the point.
There is a reason.
They times an operational loss for the year. They were only profitable because the cash we gave them generated a lot of interest in the highest interest rate environment in 40 years. Rate cuts are coming and that’s not a business strategy.
Revenues fell a ton. And it doesn’t appear it was just the closing or unprofitable stores. They are leaner now to be sure but if they don’t grow the company, they’re just going to start losing money again. That’s where the pessimism comes.
The shifting goal posts by critics are one of the main things that drive me mad.
When the saga began, it was all about the negative EPS. Revenue was fine. We even beat revenue estimates many times. Now, that we have positive EPS, revenue is the problem.
Look, I get it. Rates aren't going to stay high forever. Have to find new revenue.
They weren't going to survive long enough to find new revenue if they didn't first right the ship and find a way to be profitable. That was the shorts thesis, remember?
Obviously, they have a ways to go still, but the trajectory is what matters, and it seems crystal fucking clear that they are on a positive trajectory.
The pessimism comes from a place of not wanting to believe because there are talking heads in their ear telling them not to see.
Rates aren't high.
Seems like people don't understand. Rates are now "normal". Having sub-1% rates is not normal.
The government only cuts rates when the stock market begins to crash. Japan has proven that cutting rates doesn't help the economy. It just helps big business and the rich.
Yup. It's like a cult. I am 5 figures into this thing but it was based of shirts having to close.
I don't see anything the business is doing that is increasing sales, customers, etc.
Sure they tried nft and are trying web3 but that hasn't produced anything yet.
You're assuming revenues will keep declining, how do you kmow this isn't the bottom for now? Physical media is still a thing, many years after supposed "experts" predicted it would die off entirely. GameStop has a foot in the door with digital sales since they have a digital store now for games, and it's actually cheaper to buy there than from Sony or MS themselves if you have a Pro membership.
The subscription model is the key here, GameStop needs to and will eventually figure out how to make that super valuable to gamers, to the point where it would just be a no-brainer to be a member. It's the one advantage it has over the other major players since GameStop's subscription models can include physical merchandise related bonuses.
You build a valuable eco-system and then capitlise on it. All great businesses do this.
It’s definitely possible and hope they capitalize. I’m just saying this is why they’re pessimistic because by the numbers it looks like a downward trend.
It's also evidence they don't understand the business that well. So it's more about wanting this business to fail, rather than using analysis to predict it's future. Their opinions are tainted by clear bias.
Bingo. GameStop needs new revenue streams and Cohen and co haven’t really outlined a plan on how they will achieve that. NFT venture kind of flopped.
They cannot really compete with Amazon online. What is left? Continue cutting costs and being lean?
Profitably is nice, but in this capitalist market growth matters. Where is that going to come from? Future guidance was weak this quarter hence the stock unsurprisingly fell.
What I realized after 2008 is that pretty much no one that claims to be an expert on financial stuff actually is. They're all just greedy counts parroting some main talking points.
Braindead easy response for someone looking at the financials to assess it as negative is the operating profit.
GME, as a business, lost money.
It is easy to make an argument that Gamestop has enough cash burn left to sustain operations until the business operation itself turns a profit, but having an operating loss is bad.
They are still developing the Playr as far as anyone knows, and they are actively offering grants to Web3 game developers in conjunction with ImmutableX and others.
Seems that way. It's clear as day on ImmutableX website that they are working with GameStop to invest in Web3 companies and game developers.
[https://www.immutable.com/fund](https://www.immutable.com/fund)
GME basically broke even and wall street says it has no real growth potential. So technically profitable, but is it sustainable and can GME get to some serious profits. We say yes, they say no, game on.
Do you think the shorts will give up after we are profitable, with positive cashflow and growing revenue? I think they will continue the FUD campaign and continue to short our stock and continue to claim it's unsustainable. They don't have a choice.
True, but their 4d gaslighting is us even having to talk about fundamentals right now. Part of the allure of this investment was the 226%+ short interest stuff. We now are profitable, shorts haven’t closed… and we’re still kicking the can down the road saying “okay, now let’s see what the plan is!” there should’ve been some sort of positive movement by now, shouldn’t there? Are you telling me every short double/tripled down? Nobody exited yet? Wtf are they waiting for?
This is a great point. Wallstreet was right at the time, I mean holy shit the old mgmt was losing 300-500 million a year and then the pandemic hit. I even remember thinking middle of 2020 “I wonder if GameStop will make it through this” as several business were dropping like flies, laying people off just to survive.
The thing is, wallstress has the EXACT same sentiment now as they did then because they have the EXACT same positions. Instead of pivoting based on new data (new board, CEO, 25% retail DRS, profitable) they are stuck in these awful positions because they got greedy and shorted 200%. They never dreamed GameStop would not go bankrupt as they have played this game a 1000 times before.
I think we are entering Act 3 of this story. RC stopping the bleeding was the conclusion of the last Act. We are a completely different company now. Now is the time to grow, innovate, and expand.
Exactly, we have eliminated a way for them to kill the company by keeping profitable and viable for years (billions on hand in cash)
SHF R Fukd
Shorted to oblivion, so That's where it will head in the other direction soon.
To play devils advocate, their Q4 revenues were 400 less than last year. Their revenues were down 600M for the year.
Some of that was to do with closing stores to be sure. But not all of it. Since they had a small operational loss, every dollar of revenue they lose is depleting their cash once they can’t cut more. It’s not a great place to be. They need growth and are going to have to weather a likely tough year until that happens.
Been holding for years now, stopped following a while back but didn’t sell. Figured wtf got some lotto tickets. Just clicked back into the sub for the first time in a year at least - I asked this not in a snarky tone but out of curiosity - what is the growth potential now?
I negative sold 16 more shares today. 42 more to DRS in a few days. Yeah, I’m totally panicking (/s)
I hope they drive it down even more. I’ll just keep buying. This is just more DD coming true.
correct. as much as we dislike it. it is what it is.
the news is : gme is profitable , but that does not matter.
the rumor is : gamestop has no plan => as such the stock goes down.
everything is been taken care of in this order by Gamestop:
debt: check
financial wiggle room: check
trimming the fat :check
turning a profit: check
there is only one last step remaining:
identify potential new revenue streams and execute on em. grow as a company.
=> then stock pew pew
we did 4 out of 5 things in 3 years.
soon my friends
As far as i know gme has no real exposure to mobile gaming, and that's where the real growth seems to be the coming years. No idea how they can capitalize on this as i know nothing about mobile gaming.
They’re neither a game designer/developer or publisher. They merely retail games and mobile gaming doesn’t need a retailer like gamestop. You just download it off the google playstore or ios app store.
when you have a billion in cash you can do almost anything .
i am pretty stoked to find out.
all wall street sees is : he is not spending his money to grow the company
i am seeing : just waiting for a good opportunity
Time is money. Time is what bridges the two statements together. It’s fine to have a bil. But sit on it too long during inflationary times and you’re just burning value. You can’t just keep a mattress stuffed with cash while the CPI keeps going up and up.
you dont need to be in every market to make a profit. just the best in your segment is also fine.
i dont know what cohen is planning but i guess its a solid /non hype idea paired with flawless execution. as that seems to be his thing
stand out with quality.
checks all my boxes in this fucked up worls where only the next quarter is relevant because of "shareholders. "
Imagine any other company announcing a cost-cutting initiative of layoffs and closing underperforming divisions. Their stock would soar. This defies logic.
3 year low, trading below value of cash & securities & assets, not even including revenue.
What a damn joke. They are taking it single digits and i am positioned to DCA significantly.
This is an objective take, but profit with any company is good, but most investors are forward looking and the question is will it be sustainable with the revenue decline? Operating expenses always go up over time, so if revenue doesn't begin to grow they won't be profitable anymore.
It will probably trade flat until they can show some revenue growth again while keeping expenses down. Or if they introduce a new revenue stream.
Love the hype for GME, but this is the logic that is missing to many here. And I expect / base my investment on the leadership finding ways to increase revenue.
> It will probably trade flat until they can show some revenue growth again while keeping expenses down
It'll keep dropping because it's currently hugely overvalued, the core value of the company is way off from its current stock price. In order for GME to stay flat it will have to trade on future expectations of growth, and they haven't shown anything that would make investors optimistic about that yet.
Prob get downvoted for this but, taking a step back, we’re still trading well over book value. Marginal profitability has been achieved through cost reduction, holding no meaningful debt and income from cash… but not revenue growth. Still limited evidence of a credible long-term turnaround plan from RC imo.
DFV didn’t say the short thesis was wrong, just that funds were far too early, and gambled that the pandemic would finish retail.
They're STILL trying to push the narrative that investors are ditching GME because "memestock craze is over". At their core it's all they've had as a talking point since 2021.
They can't shit on the fundamentals since the company has tons of cash, is now profitable and has a strong board leadership set. The usual reasons they try to drive traffic away from a stock.
So since they don't have that, they bring out the boogie man of "everyone's jumping ship! You should too before it's too late! Go! Get out nooooow!"
Because revenues took a big hit.
The fact that they are no longer taking huge losses is great. But if revenues decline the same amount this year they WILL start losing money again.
The narrative won’t change until we see GROWTH. If this is a legacy company that can’t generate new revenue than it is priced fairly.
We don’t think that’s the case, which is why we stay. Most people think that’s the case and will continue to until PROVEN otherwise. Because right now the publicly available facts point to a shrinking legacy company with a dying business model that pays no dividends. No one wants to invest into that. Given what is publicly known neither the price nor the treatment by the media is all that outlandish.
I don’t expect this comment to go over well, but that’s my thought on the matter such as it is
Sane response^. I was hopeful too but it’s in the numbers. Interesting to see what happens the next few quarters but I think this play (the way we knew it at least), is likely over. We’ll just fizzle away in retail limbo for a few more years while the share price pulls a towel move
I mean sure if retail is what Cohen has in mind. But he's made changes and given the company time.
So far he has done what he had set out to do, and with 1.3 billion in cash he'll have time and money to change the outcome. It's not like towel where people were lied to and the company never really wanted to save themselves.
That’s reasonable, hence why I said it’ll be worth looking into how they’ll attack the year. If we see they’re still holding the same amount or less cash next year, without any major moves, it’s likely not going where we want. That cash just sitting there isn’t doing anything
They’re making a profit while the company shrinks. That’s why the stock is dropping. Without guidance or any word on a new revenue stream, it will continue to sink. The whole point of this play was for GME to be something other than a brick and mortar video game retailer. How long do you think that business model is sustainable? There’s a reason revenue is tanking. Nothing material in their business model has changed except for a failed NFT play. I expected more out of RC.
This sub is pure cope and it's becoming cult like. What happened to "judge us on our revenue?" Suddenly it's all about profit? Do people not understand that the profit came from cutting costs? Revenue is shrinking by the quarter and what happens eventually is that profit will start to shrink too. At it's core, Gamestop hasn't transformed anything. They're still primarily a brick and mortar video game store and that business model is dying. NFT market was a gigafailure joke. What's worse is they don't do conference calls, so we're expected to just sit on our hands while hedgies continue to fuck us in the ass and Gamestop does who the fuck knows what? People like to hate on billionaires but somehow RC gets a pass? I haven't seen him do shit except fire people and talk shit on twitter. Honestly we should all be fucking mad.
If I’m being honest I agree. This is getting to the point of utter frustration. We’ve been holding for over 3 years now seeing the price of the stock be manipulated down and we can’t even get guidance, another buyin from RC or the board, nor an earnings call even. How long have we been waiting for the master plan to be revealed. At this point I’m holding but I think I’m done buying until we see RC put his money where his mouth is… the amount of momentum we’ve had that hasn’t been capitalized on is confusing
Real talk I agree with everything you wrote. I’m constantly thinking what price I’d be willing to cut my losses at this point but then it just goes lower. Been a strange ride
Why do you believe the price is being "manipulated down" when it has been massively overvalued since the squeeze in 2021? The decline in price is just it slowly reverting to a somewhat sane valuation, not some conspiratorial manipulation. Any other company with similar financials and outlook would be priced significantly lower. Compare the current market cap, revenue and profit numbers to any point in its history pre squeeze.
I mean surely you'll understand that going from -300 million to +6 has given Cohen the breathing room he needed. If he had tried something big and it had failed last year he wouldn't have had time.
I'm with you with the frustration of nothing much happening so far, but I hope that this year will be a different year in comparison to the last three.
Breathing room to do what? They already sat on $1b for years which they got by selling shares at prices that WE propped up. Now suddenly he's trying to become a hedge fund. Do people not know how desperate that move is?
Do I think the price is too low? Sure. But let’s stop acting like the last quarter was some great success. GameStop came in lower than experts expected and more importantly, GameStops actions imply they came in lower than THEY wanted as evidenced by the fact they are moving forward with layoffs.
Like it or not, the media has succeeded in painting GME in a very negative light. It’s going to take profit via increased sales to generate any positive momentum. You can only generate profit by cutting costs for so long. We can think it’s a necessary step but most aren’t touching GME with a ten foot pole until others say it’s “safe” and that won’t happen until they show YoY growth in revenue and profit for a minimum of 2 earnings reports.
Honestly yeah. I stopped buying because I didn't have the extra money and I saw it kept going down so I wasn't confident I'm buying more. Rn we're at our lowest and I really can't imagine it going much lower.
And still RC and the board do NOTHING.
Enough is enough, we need to petition the board for a plan, guidance and taking questions on conference calls.
We are getting hammered because of their lack of communication and lack of plan. How can anyone have confidence when all they have is a meagre profit, a failed c-suite and failed projects after 3 years?
3 years ago, RC diluted us to shit. By June, they had their billion and set us on this course. The stock price is roughly 12% of what they sold those shares for (split adjusted) and they have not given us any value for it.
RC: just trust me bro
yeah fuck off. I've been holding $200k worth of shares for 3 years and I have seen zero evidence of Gamestop doing jack shit. On the contrary, they wasted time and money on an awful NFT marketplace that failed which any single celled organism could've predicted.
There is zero link between stock price and company performance. There is zero link between supply and demand.
It’s all a fucking scam and these mother fuckers got caught with their dicks in each other’s hands.
Brick by brick. Reset the system.
They turned a profit, but Q4 overall profit was a serious let down.
Seems they closed too much stores and couldn’t leverage the holidays. Because every others retails business has been swimming in profits for that Q4, customers are buying a lot, but we got none of that.
Imagine how the other stores in the mall feel, you know, stores that are still around after the pandemic like Vic secret …. Futlocker….. what next you gonna buy shares in the chitlens plce??? I’m not the young would do something so stupid at record lows and high short interest. Next thing you gonna tell me they have high institutional investors ??? As if. Gonna need one of those irbts to clean up all that worthless paper.
If we are profitable with cost reduction strategies in place wonder where we will be as more revenue growth strategies are successful. I'm feeling pretty good about my GME.
It’s important to remember the fundamentals here -
Evergrande will collapse which will collapse the global financial system which will margin call the hedgies which will mean they have to buy every real share and we will know which shares are real because of the Wu tang nft and the fully drsd float, thus proving once and for all that the dtcc committed international securities fraud while gme moasses and the shares trade for multimillion dollar sums on the open market that will somehow exist even though the financial system has collapsed.
That is still the plan right?
Right?
They figured out that AI and algorithmic trading has ruined wall street forever (or rigged it for hedgies). It’s too easy to manipulate the markets via publications. They know that the bots will pick up on fake articles and msm bullshit, driving the stock in whichever direction they want.
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum Jan 2024*](https://www.reddit.com/r/Superstonk/comments/18txusp/open_forum_january_2024/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
Apparently you didn’t get the email, profit for GME is bad for the company as a whole, why do you think we have amazing people like Cramer giving us huge hints to sell? This stock is going to $0, profits are dumb, having a ton of cash on hand is even dumber, there are so many people out there concerned for us, please listen to them and sell!! 😂😂 Buy and DRS folks.
[удалено]
I do the negative sell all the time. Seems legit to me.
THIS!
Go longggg 🏈
It is, we call that buying! It used to effect the price of the assets but the more we buy of this the lower it goes! Amazing test case here we are seeing.
inversed selling
Instructions unclear. Negatively sold GME and DRS's another 100 shares.
Yes. However Negative selling will make you negative broke.
Even better than negative losses....
I like to hold negative equity in hedgefunds investments.
Worst company in America, some say. Only thing that could make it worse is becoming unprofitable again and having even more cash on hand.
haha. that's what they say will happen!
I just bought 31 more today moving them this week
Negative losses...
It’s not profit, it’s negative losses
fr tho.
If it goes to zero I can buy moar!
Buy and DRS
[удалено]
lmayo
Just wait until they deliver a profit for Q1.. Then we are going straight Down to $5🚀🚀
Q1 is usually not profitable so... should shop more...
hahaha facts
So whats the point of investing if this is gonna happen? (We all know it is coming)
Buying shares at a discount😉
I’ve thought about this and have personally decided to just buy when I have the cash to do so. I firmly believe at any point the value of GME shares could skyrocket. Nobody knows when that could happen, and I also don’t think we’ll be given any signals for when it’s about to happen. The worst feeling would be waiting to purchase shares in the single digits only to wake up to shares trading in the triple digits again.
The company has $100M earmarked for buybacks. Lets say the DRS count is still ACTUALLY at 76M (which theres no fkn way it is), then that leaves about 224M to go. So anything lower than $0.50 and GME can pretty much lock the float on their own with that hunnid milly.
Cheapest shares in a while
Honestly, at this point, just drop the price to $1 so we can drs the float, so we can move on.
I work with some financial majors that are convinced that the financials of GameStop still spell certain doom for the company. I ask, why do you think that? They can't seem to formulate it into words, but of course, point to a single metric: Revenue. I show them the EPS chart that has been on a steady ascent since this saga all began. They have no explanation. I explain to them how they just turned a profit for the first year since before this saga began. They agree that is a solid metric. I describe how they have essentially no debt, while earning interest on over $1B in cash reserves. Their eyes seem to flash with optimism. I reveal how they are actively supporting Web3 game development with grants and creating their own Steam-like Web3 platform whilst Valve has openly expressed that they will not support NFT or Web3 gaming. The significance seems a bit lost as Web3 to them has no meaning yet. I once again charge them, why do you think that? Blank stare ensues before giving way to "the financials of GameStop spell certain doom"... It's in this moment, I realize that I'm talking to automatons, unable to think for themselves after decades of programming. They never understood finance in the first place. They only drank the Kool-aid.
It's been ingrained by all of the articles and media push. Hard to break the pattern.
They also tune into the favorite talking heads on their commute to work that are subconsciously planting seeds of bias into their brains each day. I honestly think most of their aversion to GME comes from that more than anything else. They will bash Cramer, but then pick some other personality in the same space that they align with who is basically saying the same shit in a different way.
It's not just pattern. The media is owned by the companies that would take huge financial losses if things go the way we know they can. These people have a grip on the entire global market. They are cheating the system, we know it and continue to expose them. That's why there is all the negative news, and the massive push to devalue the stock with pressure from the media, and from the market. You think the richest people in the world give a single fuck about a law or rule or regulation? They don't look at financial laws and think, oh no we better not do this because its illegal. There are no rules. There are no laws. Those are tools of the rich to manufacture hope and control. They can change them, break them, bend them however they want, whenever they want. Fighting them requires us to play a game we can control, with rules they can't bend or break.
Sounds like those financial majors should stay in school for a bit more.
Yeah, well...I think the schooling is the problem. It's full of dogmatic thinking and rigid ideas about how things must be done.
This 👍
**The true dumb money listens to analysts and financial news outlets.** Wall Street wants you to play in their casino and lose your shirt, not to invest into value companies. That is why they shell out all this cool apps and financial education, so you feel cool and superior (while in fact losing your shirt). But the true MVPs made their billions the same way we invest and have their own opinion about "financial education" and "mandatory" stuff like diversification... [https://youtu.be/ZJzu\_xItNkY?feature=shared&t=83](https://youtu.be/ZJzu_xItNkY?feature=shared&t=83) I recommend watching the video to the end. **We are early, but we are not wrong. Investing in wonderful businesses and DRS are the way.** The short sellers need to drop the price to scare off average Joe investors. There is also the possibility that some institutions might switch sides already, while offloading toxic positions to sacrificial entities. The lower the price the more efficient they can switch, maybe we will even see an attempt to to offset losses by screwing over options issuers in the future. If some have some sophisticated options tools subscriptions, they might be able to spot unusual activities. Because Dividends are Kryptonite to short sellers, they have to be paid in lieu for the IOUs out there. RC might want to invest the money into further growth and to defend the stock price for now, but short sellers for sure got the message. And if GameStop continues the turnaround, dividends are back on the menu.
It’s because we’re early. Literally. I’ve come to accept that when I realized how the world wasn’t ready for what Vine had to offer back in its day, but then the Vine clone TikTok comes out of literally nowhere and takes the whole world by storm. It’s the same idea with the transition from Web2 to Web3 gaming. People just aren’t ready yet to adopt the true use-case for NFT’s and blockchain tech. I’m so incredibly grateful that GameStop was able to invest in their future and not fall at the hands of those corporate leaches on society.
The NFT platform has been totally abandoned dude
GameStops NFT Marketplace has been, yes. They also said they'd be investing in others because they had no desires to compete with them in the same space, but would rather support them. They seem to be working with ImmutableX. They are actively offering grants to Web3 game developers to grow the sector. This means they clearly have their eyes and ears tuned to that space for the future growth of revenue potential.
They drink the coolaid “Oh Noh!”
The thing I keep asking is why would a lot of the C suit and higer-ups chose to be paid in stocks? Why leave high paying and high status jobs/positions/workplaces to start at gamestop? If I was working at Amazon, Facebook, Google etc it would take a lot to make me change jobs. After all, I have a steady and high income, people recognize the brand names, I must be pretty smart to get the jobs in the first place.. why change? Why gamestop? Why paid in stocks?
all those C-suite people got let go. C-suite now only consists of RC and Nir Pattel
They likely are already well-off, comfortable, where they don't need a sustained income, and they, to your point, *clearly see the long term value in GameStop.*
Automatons you say? They must be liberated
If managed democracy is to succeed, we must vanquish the automaton threat from our galaxy.
It's very easy to explain why Gamestop's Q4 results were bad and their prospects are bad but nobody here will really engage with any of it in good faith. Their revenue declined 11% YOY. Despite closing underperforming stores their revenue *per store* declined. They accomplished a profit via layoffs and cuts to benefits. The company still lost over 30 million on operations - they only eked out a .1% profit margin because of interest income. Outside the financial numbers, the company is on the outside of the transition to digital gaming, losing market share to digital distributors. There is no sign that this trend will do anything other than continue, and Gamestop leadership hasn't offered any plans on how they are going to deal with this. They rightfully abandoned the web3 nonsense which was a money pit with no future but don't seem to have any other ideas for new revenue streams. The price of the stock is nowhere near justified by the financials, and the company offers no forward guidance or strategy to investors. There's no reason to believe the company's revenue or profit will grow in 2024. Revenue is likely to continue declining and profit is unlikely to change in a meaningful way.
Been holding forever but we need to acknowledge all of this lol. Everyone just mindlessly chanting woohoo profit are losing it.
We are acknowledging it. The difference is that people like this guy here can't see past this and understand the broader context. He's exactly like the financial colleagues I was describing. **They can't see the forest because of the trees.** There's no reason to believe revenue will continue to decline. It was increasing until RC started closing unprofitable stores. We were beating revenue estimates, while missing EPS estimate. Now, we've flipped the script and everyone is acting like revenue is declining like a run away train. You are going to need to look a little bit deeper than that. Just like when GameStop wasn't profitable while raking in huge revenue, some stores that were raking in big revenues also weren't profitable. Like I said in my original comment, GameStop first needed to turn the corner for profitability to sustain the long term transition needed to build revenue streams beyond physical retail storefront sales. Web3 wasn't going to be ready in time. GameStop bought the time needed by finding a way to become profitable. If you just look at some surface level metrics, like the dorks in here trying to pretend like they understand how to read financials, then you are going to miss the point.
There is a reason. They times an operational loss for the year. They were only profitable because the cash we gave them generated a lot of interest in the highest interest rate environment in 40 years. Rate cuts are coming and that’s not a business strategy. Revenues fell a ton. And it doesn’t appear it was just the closing or unprofitable stores. They are leaner now to be sure but if they don’t grow the company, they’re just going to start losing money again. That’s where the pessimism comes.
The shifting goal posts by critics are one of the main things that drive me mad. When the saga began, it was all about the negative EPS. Revenue was fine. We even beat revenue estimates many times. Now, that we have positive EPS, revenue is the problem. Look, I get it. Rates aren't going to stay high forever. Have to find new revenue. They weren't going to survive long enough to find new revenue if they didn't first right the ship and find a way to be profitable. That was the shorts thesis, remember? Obviously, they have a ways to go still, but the trajectory is what matters, and it seems crystal fucking clear that they are on a positive trajectory. The pessimism comes from a place of not wanting to believe because there are talking heads in their ear telling them not to see.
Rates aren't high. Seems like people don't understand. Rates are now "normal". Having sub-1% rates is not normal. The government only cuts rates when the stock market begins to crash. Japan has proven that cutting rates doesn't help the economy. It just helps big business and the rich.
I am an apes through and through but people are just not understanding this.
Yup. It's like a cult. I am 5 figures into this thing but it was based of shirts having to close. I don't see anything the business is doing that is increasing sales, customers, etc. Sure they tried nft and are trying web3 but that hasn't produced anything yet.
You're assuming revenues will keep declining, how do you kmow this isn't the bottom for now? Physical media is still a thing, many years after supposed "experts" predicted it would die off entirely. GameStop has a foot in the door with digital sales since they have a digital store now for games, and it's actually cheaper to buy there than from Sony or MS themselves if you have a Pro membership. The subscription model is the key here, GameStop needs to and will eventually figure out how to make that super valuable to gamers, to the point where it would just be a no-brainer to be a member. It's the one advantage it has over the other major players since GameStop's subscription models can include physical merchandise related bonuses. You build a valuable eco-system and then capitlise on it. All great businesses do this.
It’s definitely possible and hope they capitalize. I’m just saying this is why they’re pessimistic because by the numbers it looks like a downward trend.
It's also evidence they don't understand the business that well. So it's more about wanting this business to fail, rather than using analysis to predict it's future. Their opinions are tainted by clear bias.
Bingo. GameStop needs new revenue streams and Cohen and co haven’t really outlined a plan on how they will achieve that. NFT venture kind of flopped. They cannot really compete with Amazon online. What is left? Continue cutting costs and being lean? Profitably is nice, but in this capitalist market growth matters. Where is that going to come from? Future guidance was weak this quarter hence the stock unsurprisingly fell.
Fack, the last paragraph. So true. Just a big ol indoctrinated crime club.
What I realized after 2008 is that pretty much no one that claims to be an expert on financial stuff actually is. They're all just greedy counts parroting some main talking points.
That’s hilarious. Mass hysteria/hypnosis it seems.
Me and my helldiving homies hate automatons
Braindead easy response for someone looking at the financials to assess it as negative is the operating profit. GME, as a business, lost money. It is easy to make an argument that Gamestop has enough cash burn left to sustain operations until the business operation itself turns a profit, but having an operating loss is bad.
They totally abandoned the NFT platform back in Febuary bro...........
They are still developing the Playr as far as anyone knows, and they are actively offering grants to Web3 game developers in conjunction with ImmutableX and others.
downvoted for facts?
Seems that way. It's clear as day on ImmutableX website that they are working with GameStop to invest in Web3 companies and game developers. [https://www.immutable.com/fund](https://www.immutable.com/fund)
GME basically broke even and wall street says it has no real growth potential. So technically profitable, but is it sustainable and can GME get to some serious profits. We say yes, they say no, game on.
Do you think the shorts will give up after we are profitable, with positive cashflow and growing revenue? I think they will continue the FUD campaign and continue to short our stock and continue to claim it's unsustainable. They don't have a choice.
It's called cellar boxing for a reason. They can't stop. They go bust if they do.
Thats why the more swimmers in the infinity pool, the better
True, but their 4d gaslighting is us even having to talk about fundamentals right now. Part of the allure of this investment was the 226%+ short interest stuff. We now are profitable, shorts haven’t closed… and we’re still kicking the can down the road saying “okay, now let’s see what the plan is!” there should’ve been some sort of positive movement by now, shouldn’t there? Are you telling me every short double/tripled down? Nobody exited yet? Wtf are they waiting for?
They're waiting for a bailout.
This is a great point. Wallstreet was right at the time, I mean holy shit the old mgmt was losing 300-500 million a year and then the pandemic hit. I even remember thinking middle of 2020 “I wonder if GameStop will make it through this” as several business were dropping like flies, laying people off just to survive. The thing is, wallstress has the EXACT same sentiment now as they did then because they have the EXACT same positions. Instead of pivoting based on new data (new board, CEO, 25% retail DRS, profitable) they are stuck in these awful positions because they got greedy and shorted 200%. They never dreamed GameStop would not go bankrupt as they have played this game a 1000 times before. I think we are entering Act 3 of this story. RC stopping the bleeding was the conclusion of the last Act. We are a completely different company now. Now is the time to grow, innovate, and expand.
Exactly, we have eliminated a way for them to kill the company by keeping profitable and viable for years (billions on hand in cash) SHF R Fukd Shorted to oblivion, so That's where it will head in the other direction soon.
To play devils advocate, their Q4 revenues were 400 less than last year. Their revenues were down 600M for the year. Some of that was to do with closing stores to be sure. But not all of it. Since they had a small operational loss, every dollar of revenue they lose is depleting their cash once they can’t cut more. It’s not a great place to be. They need growth and are going to have to weather a likely tough year until that happens.
I mean, a big part of this is the console cycle.
One thing to consider is that GameStop is not in a black box perfect market. A lot of retailers suffering with lower consumer spending.
Been holding for years now, stopped following a while back but didn’t sell. Figured wtf got some lotto tickets. Just clicked back into the sub for the first time in a year at least - I asked this not in a snarky tone but out of curiosity - what is the growth potential now?
I DRSed 100 shares. how do I tell the bot?
bought more today
Same. Yesterday too. Probably tomorrow as well.
Me too!
🍌 market
Great day to buy some dip amirite?
I bought more today🤣🤩🤩🤩🤩🤩
I negative sold 16 more shares today. 42 more to DRS in a few days. Yeah, I’m totally panicking (/s) I hope they drive it down even more. I’ll just keep buying. This is just more DD coming true.
Buying the dip 🚀💰📈
Stock prices don’t care about the past. That’s why the saying goes sell on news buy on rumors. The stock moves on future expectations.
correct. as much as we dislike it. it is what it is. the news is : gme is profitable , but that does not matter. the rumor is : gamestop has no plan => as such the stock goes down. everything is been taken care of in this order by Gamestop: debt: check financial wiggle room: check trimming the fat :check turning a profit: check there is only one last step remaining: identify potential new revenue streams and execute on em. grow as a company. => then stock pew pew we did 4 out of 5 things in 3 years. soon my friends
As far as i know gme has no real exposure to mobile gaming, and that's where the real growth seems to be the coming years. No idea how they can capitalize on this as i know nothing about mobile gaming.
They’re neither a game designer/developer or publisher. They merely retail games and mobile gaming doesn’t need a retailer like gamestop. You just download it off the google playstore or ios app store.
when you have a billion in cash you can do almost anything . i am pretty stoked to find out. all wall street sees is : he is not spending his money to grow the company i am seeing : just waiting for a good opportunity
Time is money. Time is what bridges the two statements together. It’s fine to have a bil. But sit on it too long during inflationary times and you’re just burning value. You can’t just keep a mattress stuffed with cash while the CPI keeps going up and up.
you dont need to be in every market to make a profit. just the best in your segment is also fine. i dont know what cohen is planning but i guess its a solid /non hype idea paired with flawless execution. as that seems to be his thing stand out with quality. checks all my boxes in this fucked up worls where only the next quarter is relevant because of "shareholders. "
You can’t just be in your segment when your segment isn’t growing. This is the case with GameStop. They need to grow or they won’t survive.
Whens soon in your opinion?
tomorrow!
New revenue streams you say... https://www.reddit.com/r/Superstonk/comments/1bu3cdh/gamestop_is_now_selling_under_their_own_brand/
That’ll increase profit margins but isn’t enough to be considered a new revenue source
Imagine any other company announcing a cost-cutting initiative of layoffs and closing underperforming divisions. Their stock would soar. This defies logic.
Tell me you forgot the /s
3 year low, trading below value of cash & securities & assets, not even including revenue. What a damn joke. They are taking it single digits and i am positioned to DCA significantly.
This is an objective take, but profit with any company is good, but most investors are forward looking and the question is will it be sustainable with the revenue decline? Operating expenses always go up over time, so if revenue doesn't begin to grow they won't be profitable anymore. It will probably trade flat until they can show some revenue growth again while keeping expenses down. Or if they introduce a new revenue stream.
Love the hype for GME, but this is the logic that is missing to many here. And I expect / base my investment on the leadership finding ways to increase revenue.
> It will probably trade flat until they can show some revenue growth again while keeping expenses down It'll keep dropping because it's currently hugely overvalued, the core value of the company is way off from its current stock price. In order for GME to stay flat it will have to trade on future expectations of growth, and they haven't shown anything that would make investors optimistic about that yet.
Prob get downvoted for this but, taking a step back, we’re still trading well over book value. Marginal profitability has been achieved through cost reduction, holding no meaningful debt and income from cash… but not revenue growth. Still limited evidence of a credible long-term turnaround plan from RC imo. DFV didn’t say the short thesis was wrong, just that funds were far too early, and gambled that the pandemic would finish retail.
They're STILL trying to push the narrative that investors are ditching GME because "memestock craze is over". At their core it's all they've had as a talking point since 2021. They can't shit on the fundamentals since the company has tons of cash, is now profitable and has a strong board leadership set. The usual reasons they try to drive traffic away from a stock. So since they don't have that, they bring out the boogie man of "everyone's jumping ship! You should too before it's too late! Go! Get out nooooow!"
Because revenues took a big hit. The fact that they are no longer taking huge losses is great. But if revenues decline the same amount this year they WILL start losing money again.
The narrative won’t change until we see GROWTH. If this is a legacy company that can’t generate new revenue than it is priced fairly. We don’t think that’s the case, which is why we stay. Most people think that’s the case and will continue to until PROVEN otherwise. Because right now the publicly available facts point to a shrinking legacy company with a dying business model that pays no dividends. No one wants to invest into that. Given what is publicly known neither the price nor the treatment by the media is all that outlandish. I don’t expect this comment to go over well, but that’s my thought on the matter such as it is
Sane response^. I was hopeful too but it’s in the numbers. Interesting to see what happens the next few quarters but I think this play (the way we knew it at least), is likely over. We’ll just fizzle away in retail limbo for a few more years while the share price pulls a towel move
I mean sure if retail is what Cohen has in mind. But he's made changes and given the company time. So far he has done what he had set out to do, and with 1.3 billion in cash he'll have time and money to change the outcome. It's not like towel where people were lied to and the company never really wanted to save themselves.
That’s reasonable, hence why I said it’ll be worth looking into how they’ll attack the year. If we see they’re still holding the same amount or less cash next year, without any major moves, it’s likely not going where we want. That cash just sitting there isn’t doing anything
I'm down 68% nearly 150k - im tired, somehow i bought at the worst time 3 years ago and have held on.
Shoot for -69% and buy more
Are you me? Down 45k here… Depressed is an understatement
They’re making a profit while the company shrinks. That’s why the stock is dropping. Without guidance or any word on a new revenue stream, it will continue to sink. The whole point of this play was for GME to be something other than a brick and mortar video game retailer. How long do you think that business model is sustainable? There’s a reason revenue is tanking. Nothing material in their business model has changed except for a failed NFT play. I expected more out of RC.
This sub is pure cope and it's becoming cult like. What happened to "judge us on our revenue?" Suddenly it's all about profit? Do people not understand that the profit came from cutting costs? Revenue is shrinking by the quarter and what happens eventually is that profit will start to shrink too. At it's core, Gamestop hasn't transformed anything. They're still primarily a brick and mortar video game store and that business model is dying. NFT market was a gigafailure joke. What's worse is they don't do conference calls, so we're expected to just sit on our hands while hedgies continue to fuck us in the ass and Gamestop does who the fuck knows what? People like to hate on billionaires but somehow RC gets a pass? I haven't seen him do shit except fire people and talk shit on twitter. Honestly we should all be fucking mad.
If I’m being honest I agree. This is getting to the point of utter frustration. We’ve been holding for over 3 years now seeing the price of the stock be manipulated down and we can’t even get guidance, another buyin from RC or the board, nor an earnings call even. How long have we been waiting for the master plan to be revealed. At this point I’m holding but I think I’m done buying until we see RC put his money where his mouth is… the amount of momentum we’ve had that hasn’t been capitalized on is confusing
Real talk I agree with everything you wrote. I’m constantly thinking what price I’d be willing to cut my losses at this point but then it just goes lower. Been a strange ride
Why do you believe the price is being "manipulated down" when it has been massively overvalued since the squeeze in 2021? The decline in price is just it slowly reverting to a somewhat sane valuation, not some conspiratorial manipulation. Any other company with similar financials and outlook would be priced significantly lower. Compare the current market cap, revenue and profit numbers to any point in its history pre squeeze.
I mean surely you'll understand that going from -300 million to +6 has given Cohen the breathing room he needed. If he had tried something big and it had failed last year he wouldn't have had time. I'm with you with the frustration of nothing much happening so far, but I hope that this year will be a different year in comparison to the last three.
Breathing room to do what? They already sat on $1b for years which they got by selling shares at prices that WE propped up. Now suddenly he's trying to become a hedge fund. Do people not know how desperate that move is?
Do I think the price is too low? Sure. But let’s stop acting like the last quarter was some great success. GameStop came in lower than experts expected and more importantly, GameStops actions imply they came in lower than THEY wanted as evidenced by the fact they are moving forward with layoffs. Like it or not, the media has succeeded in painting GME in a very negative light. It’s going to take profit via increased sales to generate any positive momentum. You can only generate profit by cutting costs for so long. We can think it’s a necessary step but most aren’t touching GME with a ten foot pole until others say it’s “safe” and that won’t happen until they show YoY growth in revenue and profit for a minimum of 2 earnings reports.
You’re welcome boys, everytime I buy we hit a new low, well technically
Wasn't this part of DFV cases of positive scenario? This is the turnaround RC and team is doing
Its up 350% last 5 year
Couldn’t resist! Got 500 tickets to Moon yesterday!🤗
Stop this nonsense everyone here bought after Jan 2021 and in deep losses. This way of projecting is very bad.
Literally down like 70%. Average cost is $42. Sunk cost fallacy and cope is keeping me here.
What % of portfolio was/is gme?
About 70%. Bought most of it in 2021 and 2022 so that's why my average is so high.
Perfect time to average down
Honestly yeah. I stopped buying because I didn't have the extra money and I saw it kept going down so I wasn't confident I'm buying more. Rn we're at our lowest and I really can't imagine it going much lower.
At last someone said this.
It is very bad.
No…. It’s at a negative loss of 350% the last 5 years
And still RC and the board do NOTHING. Enough is enough, we need to petition the board for a plan, guidance and taking questions on conference calls. We are getting hammered because of their lack of communication and lack of plan. How can anyone have confidence when all they have is a meagre profit, a failed c-suite and failed projects after 3 years? 3 years ago, RC diluted us to shit. By June, they had their billion and set us on this course. The stock price is roughly 12% of what they sold those shares for (split adjusted) and they have not given us any value for it.
RC: just trust me bro yeah fuck off. I've been holding $200k worth of shares for 3 years and I have seen zero evidence of Gamestop doing jack shit. On the contrary, they wasted time and money on an awful NFT marketplace that failed which any single celled organism could've predicted.
I’m just depressed at this point.. call it fud idgaf i’m fucking exhausted from this bullshit
Keep buying
Wait, so, does that mean it's undervalued?
I’m a degenerate. I just keep buying
Trust us. We know.
Thanks for reminding me to pick up some extra shares today while at the low!
There is zero link between stock price and company performance. There is zero link between supply and demand. It’s all a fucking scam and these mother fuckers got caught with their dicks in each other’s hands. Brick by brick. Reset the system.
Rare post in which comments are actually pointing out reality.
FIRE SALE! STOCK UP, HODL, DRS
I'm aiming for $10 by Friday when I get a few spare hundred dollars. Then I'll get a good deal and average down my 200 shares thaybare DRS'ed
That's some deep fucking value.
Shorts won
They turned a profit, but Q4 overall profit was a serious let down. Seems they closed too much stores and couldn’t leverage the holidays. Because every others retails business has been swimming in profits for that Q4, customers are buying a lot, but we got none of that.
Maybe things are actually really bad for this company and nobody in here wants to say it. Keeps getting worse every day.
[удалено]
OOPS Kenny🤡
Just means that when the world at large notices how wildly undervalued GME is, shorties are gonna have a bad time.
Moon Soon 🕹🕹🕹🔥🔥🔥🚀🚀🚀
There’s nothing the government can do to stop manipulative and powerful financial honchos 💎🙌🏻
Didn't you hear, GME just suffered a negative loss! It's time to sell.
Til this sub actually is still doing this
They haven’t had a plan for 3 years now… this makes sense as big money is selling
That funny because institutions are adding to they position. Why buy more if it a dying company.
Yeah totally. Adding to loan them out… you know better
With all fandom, it does make sense in some way, because they failed revenue.
Tell me it is ENDGAME w/o telling me it is endgame
Revenue and gross profit decreased though right?
Yeah and when they say “negative loss”, I do “negative selling” and DRS BOOk. Let’s see how long can you keep this ups you criminals scums.
Thanks for the new low. Bought 2,500 GME shares thanks to shorts and MM. keep going lower. LFG GME 🚀🚀🚀🚀
We suck
Imagine how the other stores in the mall feel, you know, stores that are still around after the pandemic like Vic secret …. Futlocker….. what next you gonna buy shares in the chitlens plce??? I’m not the young would do something so stupid at record lows and high short interest. Next thing you gonna tell me they have high institutional investors ??? As if. Gonna need one of those irbts to clean up all that worthless paper.
*Bricked* -by Rick
I’m going negative sell for another 84 years
Profitable is one thing, but see how Tsla got a gramma ramp back in 2021. It needs to make market maker out of control, not profitable.
If we are profitable with cost reduction strategies in place wonder where we will be as more revenue growth strategies are successful. I'm feeling pretty good about my GME.
Oh, wow, fraud in our markets /s
It’s important to remember the fundamentals here - Evergrande will collapse which will collapse the global financial system which will margin call the hedgies which will mean they have to buy every real share and we will know which shares are real because of the Wu tang nft and the fully drsd float, thus proving once and for all that the dtcc committed international securities fraud while gme moasses and the shares trade for multimillion dollar sums on the open market that will somehow exist even though the financial system has collapsed. That is still the plan right? Right?
Well well well, look who just got a new job at an opportune moment
This is why the next generation of retail investors will drop stocks for crypto
They figured out that AI and algorithmic trading has ruined wall street forever (or rigged it for hedgies). It’s too easy to manipulate the markets via publications. They know that the bots will pick up on fake articles and msm bullshit, driving the stock in whichever direction they want.
Buying the diiipp!
everything works as it supposed to be right? ...
Guaranteed to have positive dips, negative rips and neutral hedging. Sell but not yet purchased at your own risk. 😭🥸🥸🥸🥸🚀🚀🚀🚀🚀🚀🚀
I just bought more...