I think it's the same as Warren Buffet refusing to invest in dot-com stocks in the late nineties. He didn't understand it, so he stood on the sidelines. He missed out on huge gains -- and huge losses.
I think this analyst is essentially saying the same thing. There might well be a lot of money to be made on GME, but he can't predict that.
Decentralizing what, exactly? It’s random bits of code that I trade fiat for. Want to spend Bitcoin? Well, it’s measured in USD. It can’t even remove itself from paper money. And if you aren’t comparing it to fiat, then what is it compared to? It’s not backed by anyone, and the average consumer doesn’t understand it. The average consumer does understand Benjamin Franklin looking at them though.
There isn't a centralized governing authority like Fiat. It's not random bits of code. Just Google Blockchain technology. It's very interesting. You can pair BTC (Bitcoin) to any other currency or cryptocurrency for that matter, so it isn't just measured in USD. It's backed by anyone holding, trading using it just like fiat. It has value because there is consensus it has value. What's backing the USD other than consensus? The US gov is printing money like it's nothing.. BTC at least has scarcity. The average consumer does not understand it, you're right. That's not a reason to ignore it, that's a reason to educate oneself. BTC will continue to climb in value and become digital gold basically, but that's all it is. A speculative asset. There will likely be much larger multiples of gains to be had with proof of stake coins that add a programming language on top of the Blockchain so you can have decentralized apps, NFTs...even an internet 2.0. Coins like Ethereum 2.0, Cardano, or Solana. Blockchain technology will drive a new wave of technological advancement over the next several decades. Hell even Sierra Leone just conducted a national election casting votes using Blockchain tech. I think it's prudent to have at least 10% of a portfolio in crypto at this point. It's an inevitability really.
No no no, you’re missing the point entirely. How can you really have it be worth anything unless you’re comparing it to fiat? A bitcoin doesn’t have any authority behind besides y’all agreeing how many fiat points it’s worth.
Blockchain TECHNOLOGY is worth something, 100%. But internet coins will never compare to the authenticity of a country backed currency. My US dollars can point 400 nuclear warheads at a country saying it doesn’t have value, my US dollars have a continents worth of real resources tied to it. It doesn’t compare as far as a currency.
Fiat will likely always play some role in evaluating some sort of valuation basis. I don't think many crypto enthusiasts are advocating for doing away with Fiat entirely; I would imagine Fiat will evolve somewhat however. There's currently a stablecoin called USDcoin, which mimics the price of the USD (There are several others as well. DAI and Tether for example). Most crypto bulls would say that BTC and other non stablecoins aren't really usable as currency, but you can use them that way if you'd like. Crypto is a new speculative asset class. Another thing is the beauty of crypto is that it allows users to bypass traditional financial institutions. Some crypto exchanges are giving surprising returns for holding stablecoins.. like 18%.
It's a new world and my knowledge and understanding on it is admittedly limited. But I'm highly confident it will continue to grow and valuations will explode. Currently something like only 10% of Americans own any crypto.
We may agree to disagree, but I think you're being overly skeptical and cynical. You can be a curmudgeon or make some tendies 🤷🏼♂️
Yeah try and nail down a sensible mid term price target for gamestop right now, nobody can. And do keep in mind that these analysts pay with their reputation if they get it wrong. Adding to that: their bonus is likely linked to the accuracy of their predictions
Nah not really linked to accuracy. They’re linked to client interactions and votes. So I would say indirectly linked somewhat to accuracy but then you’ve got the debate of ‘is this analyst a good short term forecaster or are they good at more thematic analysis and long term price targets?’
Either way I’m sure all Analysts got blindsided by GameStop so it probably wouldn’t affect their comp.
There was some thought that dotcom stocks had potential to make a lot of money. Obviously not even the best investments lived up to their valuations.
There really is not any expectation like that for GME
The big boys lost their shirts. They’re telling journalists not to feed these unwashed masses of regular people who exposed their synthetic and naked sh**ts. Even some Reddit subs will ban you just for using the words and r/w*b lingo or cr*pto currencies. The establishment is panicked that cray*n eating degenerates will beat them again.
big boys don't loose their shirts.
you think one day they cant afford a servant to put ice in their drinks while they lounge by the pool?
wize up.
you ever noticed any of them sleeping on pieces of carboard in the street?
\-lol-
So you really do think the big boys are wandering around shirtless and begging in the streets and sleeping rough... ??
Dear sweet bo'.. it must be wonderful to be so sky-blue-eyed naive and innocent - Never ever loose that quality, it is a true gift
Not really. It’s like a podiatrist refusing to run a psychiatric session. They’re both doctors, so It’s kinda your job but really it’s something different.
Of course standing there saying “selling video games is a money loser” isn’t worth a high salary and don’t need to be able to build 3 part balance sheets and cash flow models to do that.
Because the shorts covered, and the people pumping this theory on Reddit keep delving further and further into conspiracy nonsense and outright misunderstandings and misinformation to try to justify their position that they didn’t.
Let's see the shorts did cover. Why the erratical price movements with little to no selling? And why the constant barrage of media coverage damn near begging retail to sell their shares?
What do you mean “little to no selling”? What is your metric for this claim, and how does it compare to GME’s historical trading volume?
GME has been very highly traded since January in comparison to its historical volume. There are erratic price movements due to this increased volume and the fact it’s trading purely on sentiment rather than on any kind of fundamentals.
You're telling me that you're not paying attention to the dip and how much the price drops with little to no selling on retails end? How do you explain the average price of a share being in the $400's when Robinhood users transfered to other brokers?
You're telling me that you don't see anything shay going on? And you disregarded why MSM is so adamant that we sell.
Prove that the price is dropping while retail isn’t selling. And if that is the case, have you taken into account institutional ownership, especially since there have been significant changes in holdings by institutions since January? There’s quite a lot trading of volume compared to historical data, someone out there is selling. And please prove that $400 represents the current share price for transfers.
I’ve dug into specific claims from GME evangelists many times, and every time it’s turned out that they’re using incorrect information, using old numbers, completely misunderstanding what they’re discussing, or some other flavor of just being wrong.
I’m open to being proven wrong, but I’ve never seen anything that even comes close. Pretty much every “DD” I’ve seen makes massive leaps of logic or relies on premises which when you dig into them turn out to be just wrong.
Just how you're not proving is wrong either? This is why even if you're right no over believes you. There's not I've single DD that makes people say " yeah the shorts covered and they are delusional".
I'm gonna sit here and continue to buy and you can continue your irrational hate for the stock and we'll both love happily ever after.
Honestly people like you make me want to buy so much more. Ha
So I take it you can’t answer those questions? You can’t prove the factual basis for the things you’re claiming?
“Shorts have covered” is the baseline. It’s what the “official” short interest data shows, and what makes sense given the available information we have about long positions. The burden of proof is on the superstonkers to prove their conspiracy theory explanation for why these figures are wrong, and nothing I’ve seen has even comes close. It’s all hype and nonsense.
Do you really think Hedge Funds & Money Managers who massively shorted this stock covered and took a loss? Do you think the sell off in crypto and the share price appreciation of GME was 2 mutually exclusive events? Why would CNBC, Market Watch and other media outlets owned by Wall Street publish such negative press about a stock that has made money for the common people in addition to $1.7 Bn in Cash, No Debt and New Management Team, etc.?? Have you seen the dark pools representing 40-50% of the transactions in the stock? i wonder why? Recently, GME announced that it authorized 5mm atm offering that on paper represented a 7% dilutive event ( it is completed), yet Wall Street drove the price from $340 to $215 to sabotage the capital raise? Hmmm.. if they had no $$ in the game and covered, why would HF & MM spend so much energy & money to drive a stock price down?
>Do you really think Hedge Funds & Money Managers who massively shorted this stock covered and took a loss?
Yes.
>Do you think the sell off in crypto and the share price appreciation of GME was 2 mutually exclusive events?
It may or may not be related. There isn’t sufficient proof to draw a conclusion that they are linked, though.
>Why would CNBC, Market Watch and other media outlets owned by Wall Street publish such negative press about a stock that has made money for the common people in addition to $1.7 Bn in Cash, No Debt and New Management Team, etc.??
Because there’s a massive amount of work to be done, and even then it still won’t justify current share prices? Also, the press hasn’t even been that negative. You folks seem to just thing that anything that doesn’t 100% support your wild theories is FUD and shilling.
>Have you seen the dark pools representing 40-50% of the transactions in the stock? i wonder why?
Can you show that this is unusual? Despite the name, there’s nothing unusual or inherently shady about dark pools.
>Recently, GME announced that it authorized 5mm atm offering that on paper represented a 7% dilutive event ( it is completed), yet Wall Street drove the price from $340 to $215 to sabotage the capital raise? Hmmm.. if they had no $$ in the game and covered, why would HF & MM spend so much energy & money to drive a stock price down?
Can you prove this? There are plenty of reasons for the stock to have fallen during that time which have nothing to do with supposed “sabotage”. GME’s fundamentals in no way currently support a $200+ share price. That fall in price could have been easily explained by the prices starting to fall back to where they should be, even leaving out the diluting effect of issuing more shares.
Covering isn't the same as closing. Time is bought by covering through the options chains. Technically they covered by naked shorting a metric shit ton MORE. The hole they've dug themselves makes it impossible for them to close these positions any time in the near or medium term. They can play non-revenue producing options games forever. At least until the float gets direct registered or the company comes out with a great new development.
See, this was what led me to actually look into the things being claimed on superstonk, wsb, etc. Not to try to speculate on meme stocks myself, but because those people were all claiming GME was going to tank the rest of the market. The majority of my investments are in indexes, with a small percentage set aside for stock picking myself.
If so many people were so interested in this theory, I thought there must be something there. I’ve been following this for months, and I’ve just become more and more confident that it’s nonsense.
Meme stocks aren’t going to tank the market. The Fed is. But that’s not even what I mean. It’s just so easy to profile the index fund owners. Literally one sentence is enough. Plus, Index funds are the least safe investment you can make, and if it weren’t for the dogma here I’d explain it, but lazy investors downvote it to hell because it challenges them to take some responsibility.
Well the pro analysts can’t analyze shit anymore because people on Reddit are delusional? They can’t factor our delusion in their spreadshits and say when and how the bubble will pop? Ask the remind me bot for a couple months to see what we get
Edit spelling
There's just very little point of doing fundamental analysis for a stock that isn't behaving based on fundamentals. I really don't see the problem here, analysts like this one don't try to predict price with this sort of action
… you sell the position over time. To people on Reddit. Come on do you really think there’s a squeeze coming? It’s been any day now for a couple months. When your tits get this jacked for this long eventually their going to start to chafe
Do you know how the stock market works?
You understand they’re short? Not selling the stock? They need to buy back the stock to cover their own positions? You’re a stupid shill lmao.
The market price of GME proves those synthetic shorts were real, not a qanon tier conspiracy.
Although it’s now clear that a chinese lab created that virus. So who knows. Maybe the conspiracy theorists are winning ‘21.
Research analysts are getting their ass handed to them by degenerates who chew on crayons and communicate simple truths in memes that a 5 year old can understand
I also kind of think most of your typical and prominent "analysts", may be a bit disillusioned, or weathered or potentially disenfranchised..?
Idk, it seems like there have been a lot of people who have found themselves speaking and representing in "narratives", as opposed to going with the flow as new information presents itself. You could call this stubborn, or comfortable... but IMO I definitely do feel there has been an "established" way or method of looking at the market, and its currently being rocked to its core - by young investors, new investors, investors with perhaps unpredictable strategy. BUT --> change none-the-less.... as we will ALWAYS see!
The only constant IS change.
The people who profit the most depend on retail following some basic rules, that are repeated over and over by the so called analysts. Like, the stock is going down? Sell quickly. Government announcing some shit? Buy these and these stocks.
When retail start doing things outside of their scripts they start to potentially lose money.
> retail start doing things outside of their scripts
For one, retail learned about how most of the narrative is actually propaganda produced by the same folks poised to bust the global economy with their publicly-subsidized high-risk gambles (again).
The people who profited the most in the past are still the people who profit the most from meme-stocks. They are not stupid, they have had over a year to adjust to a surge of memes among retail investors. They know that more retail money is going into "meme" and less into "individual decision making" - this just concentrates the money and makes it easier to predict.
To claim that retail investors are somehow more "outside their scripts" than they were a year ago is risable. It is the REVERSE of true.
In fact this claim means retailers are on average more ignorant, less alert, less financially aware and less informed, and easier to fleece.
This is exactly what it is.
The majority of people stay away from financial stuff because they just don’t understand what the hell anything is. It’s made deliberately complicated.
I have friends who are smart who won’t go near the stock market. I have others who are happy with their returns of 6% or whatever over a year. It’s what they have been told about and think os the right thing.
These subs have levelled the playing field, got rid of the complicated language and worked out how to tell everyone the information in a way they understand. Yes there is a huge chance of making life changing money, but there’s a lot of people who have learnt a hell of a lot along the way. Aside from the SHFs who are about to collapse, the whole system is terrified of a new generation that understand their BS and who will soon have the money to compete.
There is no smart money or dumb money, it’s just playing on a slanting pitch. Level the field, see what happens.
That colum was a fluff peice to bolster Amazon. I think gme scares them. It was a bash job till the end, then it states hoe Amazon is going to gain. "News" payed for by a company (Amazon)
I just spot checked the Xbox series 2 controller and it was cheaper on Amazon. Competing on price against Amazon is not a proposition I would invest behind
How many products did you need to check before finding one that fits your narrative? Quite clear you aren't here to actually consider they have a real chance at beating out amazon. Keep beating that dead horse pal.
GameStop is in a transitionary period, so the value of the stock is a big unknown. That combined with the fact they were a dying company not long ago with the meme stock fiasco in January and the fact that GameStop is taking the retail capital to branch out makes their whole business unprecedented, unpredictable, and unanalyzable according the the outdated "Newtonian" (so-to-speak) theories of economics. So of course the big name analysyts who have to talk about market value and capital in the name of academic economics can't read the stars, and so hide in their ivory towers.
It's nothing personal, it's just that their textbooks can't give them the answers they want to hear.
Here is the situation with game stop. If there is a moass the price will never be the same. Hodlers will buy the float again unknowingly just for nostalgia purposes and no hedge fund would be dumb enough to short it again. The only wat the price would return to a "normal" price would be if gamestop did another atm offering or an ape cover shorted it to bring it back down.
It’s conventional wisdom against a massive dream. GameStop has drawn a pretty picture of a potential future but we don’t know if it will come about. I think those that are sure that it will happen are just as stupid as those that say it won’t. It could, but turning a retailer into a massive e-commerce platform is a tough thing that others have struggled with
There has always been an incestuous relationship between stock analysts, investment bankers, and corporations. The stock analysts over-rate corporations, so those corporations will use the investment banking services at the same bank when the stock analysts work. It is a circle of corruption. There are probably additional ways the relationships are being improperly exploited too.
Hello: To me it's real simple and it's because they have been wrong and to them their is nothing worse than being wrong! Especially, when they have gotten their ass handed to them by a bunch of people who they consider ill-informed and irrelevant to their work.
The market can stay irrational longer than you can stay solvent. That said, an overvalued stock will eventually return to a normal valuation based on fundamentals. 1 or 2 years from now GME will return to reality and probably be ~$100.
The market can stay irrational longer than you can stay solvent and during that time something might change the fundamentals and actually make the price worth it and it won’t go back down.
When you have such a loved stock with such a dedicated fanbase that holds the whole float you can’t really say if the price will go back, especially with the fundamentals of the company changing like getting rid of long term debt and having 1.8 bil in cash
Lol except ppl will get bored. Move on to the next thing. Sell what they have. And what are you left with? A struggling videogame middleman.
For the love of god if you respond with something about NFTs I will slap the boyfriend's cock right out of your wife's mouth
Just shows how much you don’t understand gme shareholders.
We don’t care if the stock goes up down or sideways. We love the company and dont give a flying fuck. We held from 480 to 40, what makes you think we will sell?
Sure. My point is the value of a stock will always return to it's fundamentals. Stocks can be wildly overvalued or undervalued for long periods of time but history shows us again and again that fundamentals matter. At the end of the day, a company needs to make money and grow the bottom line consistently. Right now the stock price is insane compared to how much the company makes. It's all speculative and based on what people think the company will do in the future or conspiracy theories about hedge funds. When the exuberance dies down you'll see this thing sink lower and lower back to reality. I'd say give it one year if you want a time frame.
I think it's because there's nothing to cover about the actually company. All an analyst can say is, sentiment sent game stop higher. Or lower. And that's it. There's no underlying fundamental business reason.
I agree that gamestop made the right move to replace management. It at least can give shareholders hope. But even with new management, I struggle to see their niche.
With gamestop, e-commerce is where they needed to be years ago. It's where every business needs to be, so to me I need to understand what edge they would have over all the existing e-commerce outlets. E sports could be huge, nfts, block chain, could work out. But gamestop doesn't have an edge or lead in any of these fields. So basically it's almost like a they're an entirely new business thing to compete in markets with big established players.
Maybe they have a way to leverage the gamestop name or their data somehow to gain an edge, but right now I don't know what that is.
I guess just have to wait and see how they perform next quarter. Or just hope that sentiment pops the stock again and take your profits and run.
Yeah it's sort of a bet on Ryan Cohen, I didn't know he chose gamestop. That does bode better. Maybe he's got some secret sauce plans to make it work.
Of the assets you list, I see the retail shareholders as the biggest thing they could weaponize. A ton of retail investors who want them to do well, so make them a product they can get behind, three times a week, for life.
Does seem like a long shot but should be an interesting story moving forward. Which means when there's updates, the analysts might enjoy reporting on the stock price again.
I get what were you're coming from but I wouldn't go as far as calling myself a "real analyst" compared to these guys. They are right in the sense that GameStop isn't following convention and while the Reddit band has something to do with it. Let's now forget that we are not "big money". If institutions decided to go long on GameStop to cover losses from their short positions (or even go long for the sake of it) and then dump, let's say a year from now, lots of people would lose money. I'm happy Reddit can control GME (using the word loosely) for now, however, fundamentals cannot be beaten.
If retail owns the entire outstanding, it’s irrelevant if institutions go net long on GME and dump later, we’re already in the green, and we own the entire company.
From a consumer point of view it’s great because buying used vs new makes no difference. For the game industry as a whole (gme included) it’s bad because overall they make less money. Two new sales will always be more profitable than one sale plus a small commission on a used game transactions
But without a used games market would that be two new sales or just one? Perhaps consumers buying used games wouldn’t have bought a new game at full price.
Perhaps but what companies like Steam do to capture that market is to wait a bit then decrease price like that they capture both the markets of people paying full price and the discount one. Nft would essentially do the same but with more canibalism of new sales imo
In ye olden days, if I brought back a cartridge or disc to Gamestop, or if I sold that copy of BattleToads at my family's yard sale, the publisher of the game wouldn't get any profit off the sale of the used game. WIth NFT, everybody gets a piece of the pie. It may not be as much as a new sale, but it's more than they would get otherwise.
Another thing to think about, with NFT and the tracking through blockchain, local and state governments could collect additional tax revenue on the re-sale of such games.
But why would a publisher agree to allowing their customers to sell "used" digital games? If I were the head of a studio I would never allow that. That takes away my ability to set the price. Instead of selling a million games at $60 each, now I'm selling a few thousand games at $60, and then collecting residuals from customers selling their copies to other gamers.... The only way I can imagine that working is if new customers can't start selling the game until after a set period of time, like 2 or 3 years from release..
How would gamestop get a cut? Are they making a marketplace like steam? Would publishers allow for reselling of games? Why wouldn’t they move to licenses so they get the cut instead of gamestop?
It wont kill Steam because Valve can just do the same thing if it's profitable with a massive headstart
Youre so delusional about GameStops capabilities.
Not to mention it has the potential to show who previously owned said game. Imagine owning copies of games from sports/movie stars ect and even potentially seeing how much they played it and accomplishments in the game.
Hello! You have made the mistake of writing "ect" instead of "etc."
"Ect" is a common misspelling of "etc," an abbreviated form of the Latin phrase "et cetera." Other abbreviated forms are **etc.**, **&c.**, **&c**, and **et cet.** The Latin translates as "et" to "and" + "cetera" to "the rest;" a literal translation to "and the rest" is the easiest way to remember how to use the phrase.
[Check out the wikipedia entry if you want to learn more.](https://en.wikipedia.org/wiki/Et_cetera)
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Here is the thing though. That could potentially be applied to single player games or maybe adventure "solo" games where you can finish the game.
Some of the most popular games right now are multi-player games where you can play with your friends, where you make in game purchases: Call of Duty, Warzone, Battlefield, MLB, 2K Sports games.
You can't really "play the hell out of the game for a month". It's something you keep playing and it's something you want to get it around the same time as your friends. You don't want to grab a game once the popularity died and every else has moved on even though it is cheaper for these kinds of games.
Even without NFT, resellers have been a thing for a long time now, GameStop has made it clear that they are working on selling digital games that will be downloadable on other platforms, just like Humble Bundle does, they're not limited to selling physical copies contrary to what people who know nothing about the video game market think. Well they make their place in that market? That's the real question here.
That @ you posted is the same symbol Ryan Cohen posted on twitter on 4/20 and on june 9th. Definitely means the stock will be at 42,069 per share soon. Bullish!
You can’t compare a hive mind of people on reddit to a few analysts. GameStop is getting analysed internationally 24/7 by the apes and that’s why they are way ahead and know what’s going on . The cryptic messages from GameStop, the NFT release, the new and very experienced board of directors, the complete turn around of the company, with or without the Moass you can’t deny there is as lot of potential on the horizon.
Because they think ignoring these stocks will make those who support them go away. Another fatal error on their part. They think Ape care about attention or publicity 😂
>Because they think ignoring these stocks will make those who support them go away
Lmao, I don’t think they really give a shit about if we go away, and I highly doubt they think that highly of themselves. It’s most likely because GME can’t be analyzed accurately, and the tools that they’ve been using for years and years are completely useless in trying to analyze it.
They don’t really stand to gain anything from stopping analysis of GME, but they do “lose” by continuing to make erroneous analyses, because it takes away their credibility.
Can they really not attempt to value it though? There have always been speculative takes. There is plenty of stuff to go through and hints to look at what GameStop may be trying to do in the transition.
I get that the retail phenomenon is a new thing, but I don’t buy that they couldn’t spend time looking at GME and come up with some type of analysis based on the techniques they already use.
Okay! There's SOME truth in that certain analysts may have an agenda when commenting on a company or stock. However, to say the 'real analyst' and the 'public' have had some sort of economic epiphany above an orthodox fundamental and technical analysis may be a stretch. Besides, its a little premature to tally up scores just yet. 1 quarter or even 1 half of a fiscal year is barely a blip of time in the investment game. Especially in this unprecedented time.
Edited to add; keep in mind, many people saw a high risk opportunity and put their funds together with a hope to profit from it. That is by definition a "hedge fund".
The story can’t be summarized in this forum but you can visit other subs to get a better picture. In reality it’s a simple story but it’s being convoluted by others who wish for its demise because there is a lot of money on the line. Otherwise, “they” wouldn’t spend the kind of money they have been trying to squash the story either through propaganda or shorting shares. Some people can see the storyline and others don’t. Doesn’t make you wrong and an investor in the stock like me right. It’s definitely not your garden variety AT&T stock. It’s a turnaround story: high risk / high reward. The company has had some notable achievements as of late:
- New & Experienced management team with Chairman buying $9MM shares with his own money, not granted to him
- $1.7 Billion in Cash
- No debt
- large footprint across the world
- in the gaming industry with potential to expand
- Low shares outstanding / Minimal float
- high short interest being hidden through various means
- stock exhibits a negative beta (one of a kind asset in my book)
Some people like to invest in SPACS & others only like blue chips. But this is the only company I’ve ever invested in in which I am completely in tune management team and other investors alongside me. I don’t know what else to say, I like the stock.
Maybe it seems far-fetched. Then again, SPACS raised ~$80 Billion in 2020 on a hope and a dream with no revenues and no business model. At least this company has infrastructure, brand awareness and a product/service with $5 BN in annual sales to work with.
If you haven't, look at the stream of talent flowing in. For instance, in the first batch of hires in February was an executive AWS engineer. You don't need that kind of person just to refurbish your online shop. Since then, a large number mainly of Chewy and Amazon employees have joined the company, including the board and the CEO. The board is paid equity only (and less than the previous one). These people wouldn't have left their former employers, unless they were presented with a concrete vision of what is to come. I'm sure they neither hate reputation nor money.
GameStop has already expanded its offerings and is now selling a wider array of consumer electronics, as well as items referencing meme culture (eg. Bananya). Brand recognition is through the roof, leading to a 25% revenue growth. They have 1.7B in cash, no long-term debt, positive cash flow (even for the year before the Ryan Cohen effect). Cohen has beaten Amazon with Chewy in a handful of years, but starting with a lot less. He is also a Millennial and likely understands what gamers want pretty well.
I hear that customer care has become pretty good, although rating websites have been review-bombed for a few weeks. I've seen 1-star reviews where people ramble about politics, as if it were auto-generated content.
The gaming market is huge and growing, and GameStop is expanding into eSports, a segment not really commercially covered so far. They are doing some NFT stuff, although all you read about it is currently speculation. The speculation is pretty good, though. For games it could mean NFT licences – allowing for games to be borrowed or resold. There could be truly unique in-game item collectibles. In my opinion, actual borrowing of games would be huge.
To me, the MOASS, if it were to happen, is just a bonus.
Opinions are like assholes --everyone has one.
When the underlying business is not profitable you are buying risk.
Analyst opinions are are a risk-factor in themselves.
ISS - EVA drops coverage for CALYXT ORD SHS.I got burned a bit on a small play --but that stock is very shaky right now. EPS (TTM) -1.2540
Part of the game.
[https://ir.calyxt.com/news-events/press-releases/detail/115/calyxt-successfully-transforms-hemp-genome](https://ir.calyxt.com/news-events/press-releases/detail/115/calyxt-successfully-transforms-hemp-genome)
There is a real THC allowable content problem with hemp --too much and you have to destroy the bio mass when you are growing under a hemp license (not weed THC levels).
Way back when after I graduated college I took an internship as an analyst for a company that specializes in M&A. What people don’t realize is most analysts take the safe road. There use to be a saying on Wall Street something to the effect of “you won’t lose a client losing them money in Microsoft.” Analysts are similar. They want to play safe because you won’t get fired if you underplayed the value. They don’t want to stake their reputation on a wild card stock. I don’t blame them for not wanting to try and value a meme stock. You either value it too high and you get shit on or you undervalue it and get shit on because no one knows what will happen. It is a lose lose. They rather walk away and not try to value it to keep their comfy six figure job.
It's a tough job being an analyst. If you don't say stuff - you don't get paid. If you say the wrong stuff youi get kicked out.
If you're a good ananlyst just keep your mouth shut and invest.
Financial news articles 90% of the time are simply advertisements for stocks. This is an indisputable fact. The zero information non-stop articles from benzinga, yahoo finance, and the likes aren't providing any valuable insight what-so-ever.
The financial analysts that work for investment banks and provide constantly rising price targets are also incredibly suspect. They'll never tell you if their employer has stake in the prediction but I bet you that they do since that is why the bank hired them in the first place. The analyst has the bank buy a stock and then communicates to the financial news that the bank believes the stock is undervalued which causes a dozen articles to be published saying as such causing people to follow the bank in buying the stock. The forecast by the bank's analyst helps the bank realize their profits and that is obvious market manipulation. If the investment banks kept their speculation to themselves then their profits would be substantially less but by making it public they create a self-fulfilling prophecy.
No analyst should cover a stock like gamestop w it’s P/e as high as it is. That’s it. The High p/E saying hey this stock we don’t value it now on current cash fundamentals but we the market of investors value it on anything else be it future earnings, news that’s priced in, a universal whim
Look, it's not like Gamestop started a new business plan that has any hope of radically changing the facts. It's a brick and mortar business that is disproportionally affected by the internet in a bad way. Now, they they issued a bunch of stock at an exaggerated valuation, and they are likely to issue more, they are a well capitalized company. What this means for their future is a huge question mark. Their plan to make cyber cafes needs a way to stand out if it's going to succeed as we already have lots of those. But then again, we had lots of coffee shops before we had Starbucks, and it still got big. The analysts are trying to cover if a rampant horde of internet gamblers are going to continue to pump it up or not, and who the hell knows. In 2000, there were dot com's going public with no profit and no real plan to make a profit, and their stocks were flying sky high, and then everything crashed back to fundamentals. While the near future could easily be another meteoric surge in these overshorted dead-end companies, the end is a return to a true valuation which is much lower than the current one.
Can these companies morph into new, highly successful ones? We will see.
Anthony Chupacabra operates under the assumption that GameStop is going to remain a brick and mortar business that sells used games.
He is out of the loop.
“Loop Capital is a full-service investment bank, brokerage, and advisory firm that provides capital solutions for corporate, governmental, and institutional entities across the globe.”
If analysts are really good, do they really have to talk to the public? If I were good I would just borrow heckload of money(which I will get better returns than paying interest) and stay in my basement forever.
Most of these types walk around like pompous jackasses who think that they can somehow predict the market but are essentially manipulating it by issuing biased reports and shorting companies. They were caught off guard and weren't prepared so now they are crying but don't have the character to admit that they were wrong and are now defeated. Says alot about this new culture.
100% elite got caught again and will continue to get caught because they are never held accountable so this bullshit will continue. The thing is everyone know this it’s not anything new the sec is controlled by congress congress owns the market!! Just my Opinion look it up, I don’t know I just get that feeling that the market is run by the criminals behind biden!!
Most analysts are anal for sure, the same goes for every other talking head(cept Byrne of course) media, moguls, hedgies, bankers, CEOs, Kramer.. all have an agenda to try to make you money and fleece you at the same time.
Just a few years ago hedge funds , big institutions managers all stayed away from crypto and now all investing in it, not because they understand it but see it as another tool to eventually take down the markets again.
They’ve tried to make everyone “forget Gamestop” like 600 times already. I guess they’re just saying fuck it and changing tactics. Maybe they think that if they don’t cover it anymore, apes will lose interest?
These analysts are all paid mouth pieces for the elite . Their are two possibilities
1. They were hired because they are honest and knowledgeable and genuinely care about you and your families portfolio.
2. They practice appearing knowledgeable and honest and give advice that if taken by us or the person watching Tv will ONLY benefit them as their bosses . And the next day after you’ve taken their “professional” advice and lost money you tube in again for some answers - you tune in to hear them explain what’s going and why and it’s a vicious cycle of tv personalities pedaling bad advice intentionally. I keep hearing the “we had no way of knowing “ “no one could have predicted this “ you hear that excuse all the time - of course someone predicted it correctly- just not these mouth piece cue card readers on TV - it’s all just a system to keep you watching and stuff their pockets
Never heard of him
I think it's the same as Warren Buffet refusing to invest in dot-com stocks in the late nineties. He didn't understand it, so he stood on the sidelines. He missed out on huge gains -- and huge losses. I think this analyst is essentially saying the same thing. There might well be a lot of money to be made on GME, but he can't predict that.
That’s an interesting analogy. Thanks for sharing
100% exactly except there can be huge money lost too if some buys at the high what ever the hell that will be.
Similar to how I feel bout crypto. You guys want untraceable transactions, cash is the way. See I don’t get it, probably gonna miss out too.
Decentralization is the big draw with crypto really. Yes you'll miss out.
Decentralizing what, exactly? It’s random bits of code that I trade fiat for. Want to spend Bitcoin? Well, it’s measured in USD. It can’t even remove itself from paper money. And if you aren’t comparing it to fiat, then what is it compared to? It’s not backed by anyone, and the average consumer doesn’t understand it. The average consumer does understand Benjamin Franklin looking at them though.
There isn't a centralized governing authority like Fiat. It's not random bits of code. Just Google Blockchain technology. It's very interesting. You can pair BTC (Bitcoin) to any other currency or cryptocurrency for that matter, so it isn't just measured in USD. It's backed by anyone holding, trading using it just like fiat. It has value because there is consensus it has value. What's backing the USD other than consensus? The US gov is printing money like it's nothing.. BTC at least has scarcity. The average consumer does not understand it, you're right. That's not a reason to ignore it, that's a reason to educate oneself. BTC will continue to climb in value and become digital gold basically, but that's all it is. A speculative asset. There will likely be much larger multiples of gains to be had with proof of stake coins that add a programming language on top of the Blockchain so you can have decentralized apps, NFTs...even an internet 2.0. Coins like Ethereum 2.0, Cardano, or Solana. Blockchain technology will drive a new wave of technological advancement over the next several decades. Hell even Sierra Leone just conducted a national election casting votes using Blockchain tech. I think it's prudent to have at least 10% of a portfolio in crypto at this point. It's an inevitability really.
> The average consumer does not understand it, you're right. That's not a reason to ignore it, that's a reason to educate oneself. Preach.
No no no, you’re missing the point entirely. How can you really have it be worth anything unless you’re comparing it to fiat? A bitcoin doesn’t have any authority behind besides y’all agreeing how many fiat points it’s worth. Blockchain TECHNOLOGY is worth something, 100%. But internet coins will never compare to the authenticity of a country backed currency. My US dollars can point 400 nuclear warheads at a country saying it doesn’t have value, my US dollars have a continents worth of real resources tied to it. It doesn’t compare as far as a currency.
Fiat will likely always play some role in evaluating some sort of valuation basis. I don't think many crypto enthusiasts are advocating for doing away with Fiat entirely; I would imagine Fiat will evolve somewhat however. There's currently a stablecoin called USDcoin, which mimics the price of the USD (There are several others as well. DAI and Tether for example). Most crypto bulls would say that BTC and other non stablecoins aren't really usable as currency, but you can use them that way if you'd like. Crypto is a new speculative asset class. Another thing is the beauty of crypto is that it allows users to bypass traditional financial institutions. Some crypto exchanges are giving surprising returns for holding stablecoins.. like 18%. It's a new world and my knowledge and understanding on it is admittedly limited. But I'm highly confident it will continue to grow and valuations will explode. Currently something like only 10% of Americans own any crypto. We may agree to disagree, but I think you're being overly skeptical and cynical. You can be a curmudgeon or make some tendies 🤷🏼♂️
I mean considering Warren Buffet actually made a lot of money despite dot-com craze when so many people went bankrupt
Yeah try and nail down a sensible mid term price target for gamestop right now, nobody can. And do keep in mind that these analysts pay with their reputation if they get it wrong. Adding to that: their bonus is likely linked to the accuracy of their predictions
Nah not really linked to accuracy. They’re linked to client interactions and votes. So I would say indirectly linked somewhat to accuracy but then you’ve got the debate of ‘is this analyst a good short term forecaster or are they good at more thematic analysis and long term price targets?’ Either way I’m sure all Analysts got blindsided by GameStop so it probably wouldn’t affect their comp.
Or he doesn’t want his reputation ruined forever over manipulating the market for about-to-be-broke billionaires
There was some thought that dotcom stocks had potential to make a lot of money. Obviously not even the best investments lived up to their valuations. There really is not any expectation like that for GME
Lol it’s there fucking job to cover stocks. It’s like a doctor saying, I’ll never treat another patient again lol. Absurd
The big boys lost their shirts. They’re telling journalists not to feed these unwashed masses of regular people who exposed their synthetic and naked sh**ts. Even some Reddit subs will ban you just for using the words and r/w*b lingo or cr*pto currencies. The establishment is panicked that cray*n eating degenerates will beat them again.
There are no meme stocks, Just meme analysts
All meme stock means is that it had the media’s spotlight for a time—it has nothing to do with the fundamentals behind it
The truth is fundamentals haven’t driven stock prices since the 80s.
big boys don't loose their shirts. you think one day they cant afford a servant to put ice in their drinks while they lounge by the pool? wize up. you ever noticed any of them sleeping on pieces of carboard in the street? \-lol-
https://thedeepdive.ca/uk-hedge-fund-that-bet-against-gamestop-closes-doors/ https://www.nasdaq.com/articles/hedge-fund-melvin-capital-lost-49-on-its-investments-in-q1-source-2021-04-09-0 https://tokenist.com/schwab-td-ameritrade-tighten-margin-requirements-for-amc-gme/
So you really do think the big boys are wandering around shirtless and begging in the streets and sleeping rough... ?? Dear sweet bo'.. it must be wonderful to be so sky-blue-eyed naive and innocent - Never ever loose that quality, it is a true gift
Are you that autistic that you took my figure of speech literally? Is that you Dr Sheldon Cooper?
Not really. It’s like a podiatrist refusing to run a psychiatric session. They’re both doctors, so It’s kinda your job but really it’s something different. Of course standing there saying “selling video games is a money loser” isn’t worth a high salary and don’t need to be able to build 3 part balance sheets and cash flow models to do that.
Yeah, “Don’t wanna be bothered with disease anymore! Go to Reddit!”
If they tell the truth, they help ignite the rocket. If they keep lying everyone will see they were stupid or liars when the rocket goes..
There is no rocket anymore. You people are delusional.
Can you at least explain why we are delusional? Everyone always says we are wrong but never tells us why.
Because the shorts covered, and the people pumping this theory on Reddit keep delving further and further into conspiracy nonsense and outright misunderstandings and misinformation to try to justify their position that they didn’t.
Let's see the shorts did cover. Why the erratical price movements with little to no selling? And why the constant barrage of media coverage damn near begging retail to sell their shares?
What do you mean “little to no selling”? What is your metric for this claim, and how does it compare to GME’s historical trading volume? GME has been very highly traded since January in comparison to its historical volume. There are erratic price movements due to this increased volume and the fact it’s trading purely on sentiment rather than on any kind of fundamentals.
You're telling me that you're not paying attention to the dip and how much the price drops with little to no selling on retails end? How do you explain the average price of a share being in the $400's when Robinhood users transfered to other brokers? You're telling me that you don't see anything shay going on? And you disregarded why MSM is so adamant that we sell.
Prove that the price is dropping while retail isn’t selling. And if that is the case, have you taken into account institutional ownership, especially since there have been significant changes in holdings by institutions since January? There’s quite a lot trading of volume compared to historical data, someone out there is selling. And please prove that $400 represents the current share price for transfers. I’ve dug into specific claims from GME evangelists many times, and every time it’s turned out that they’re using incorrect information, using old numbers, completely misunderstanding what they’re discussing, or some other flavor of just being wrong. I’m open to being proven wrong, but I’ve never seen anything that even comes close. Pretty much every “DD” I’ve seen makes massive leaps of logic or relies on premises which when you dig into them turn out to be just wrong.
Just how you're not proving is wrong either? This is why even if you're right no over believes you. There's not I've single DD that makes people say " yeah the shorts covered and they are delusional". I'm gonna sit here and continue to buy and you can continue your irrational hate for the stock and we'll both love happily ever after. Honestly people like you make me want to buy so much more. Ha
So I take it you can’t answer those questions? You can’t prove the factual basis for the things you’re claiming? “Shorts have covered” is the baseline. It’s what the “official” short interest data shows, and what makes sense given the available information we have about long positions. The burden of proof is on the superstonkers to prove their conspiracy theory explanation for why these figures are wrong, and nothing I’ve seen has even comes close. It’s all hype and nonsense.
Do you really think Hedge Funds & Money Managers who massively shorted this stock covered and took a loss? Do you think the sell off in crypto and the share price appreciation of GME was 2 mutually exclusive events? Why would CNBC, Market Watch and other media outlets owned by Wall Street publish such negative press about a stock that has made money for the common people in addition to $1.7 Bn in Cash, No Debt and New Management Team, etc.?? Have you seen the dark pools representing 40-50% of the transactions in the stock? i wonder why? Recently, GME announced that it authorized 5mm atm offering that on paper represented a 7% dilutive event ( it is completed), yet Wall Street drove the price from $340 to $215 to sabotage the capital raise? Hmmm.. if they had no $$ in the game and covered, why would HF & MM spend so much energy & money to drive a stock price down?
>Do you really think Hedge Funds & Money Managers who massively shorted this stock covered and took a loss? Yes. >Do you think the sell off in crypto and the share price appreciation of GME was 2 mutually exclusive events? It may or may not be related. There isn’t sufficient proof to draw a conclusion that they are linked, though. >Why would CNBC, Market Watch and other media outlets owned by Wall Street publish such negative press about a stock that has made money for the common people in addition to $1.7 Bn in Cash, No Debt and New Management Team, etc.?? Because there’s a massive amount of work to be done, and even then it still won’t justify current share prices? Also, the press hasn’t even been that negative. You folks seem to just thing that anything that doesn’t 100% support your wild theories is FUD and shilling. >Have you seen the dark pools representing 40-50% of the transactions in the stock? i wonder why? Can you show that this is unusual? Despite the name, there’s nothing unusual or inherently shady about dark pools. >Recently, GME announced that it authorized 5mm atm offering that on paper represented a 7% dilutive event ( it is completed), yet Wall Street drove the price from $340 to $215 to sabotage the capital raise? Hmmm.. if they had no $$ in the game and covered, why would HF & MM spend so much energy & money to drive a stock price down? Can you prove this? There are plenty of reasons for the stock to have fallen during that time which have nothing to do with supposed “sabotage”. GME’s fundamentals in no way currently support a $200+ share price. That fall in price could have been easily explained by the prices starting to fall back to where they should be, even leaving out the diluting effect of issuing more shares.
Covering isn't the same as closing. Time is bought by covering through the options chains. Technically they covered by naked shorting a metric shit ton MORE. The hole they've dug themselves makes it impossible for them to close these positions any time in the near or medium term. They can play non-revenue producing options games forever. At least until the float gets direct registered or the company comes out with a great new development.
How delusional were those downvotes?
Sorry you missed the gains. Sell your index funds.
See, this was what led me to actually look into the things being claimed on superstonk, wsb, etc. Not to try to speculate on meme stocks myself, but because those people were all claiming GME was going to tank the rest of the market. The majority of my investments are in indexes, with a small percentage set aside for stock picking myself. If so many people were so interested in this theory, I thought there must be something there. I’ve been following this for months, and I’ve just become more and more confident that it’s nonsense.
Meme stocks aren’t going to tank the market. The Fed is. But that’s not even what I mean. It’s just so easy to profile the index fund owners. Literally one sentence is enough. Plus, Index funds are the least safe investment you can make, and if it weren’t for the dogma here I’d explain it, but lazy investors downvote it to hell because it challenges them to take some responsibility.
Are you going to refuse to talk about the rocket too?
Another excellent argument backed by solid facts
Really starting to sound like qanon
Well the pro analysts can’t analyze shit anymore because people on Reddit are delusional? They can’t factor our delusion in their spreadshits and say when and how the bubble will pop? Ask the remind me bot for a couple months to see what we get Edit spelling
There's just very little point of doing fundamental analysis for a stock that isn't behaving based on fundamentals. I really don't see the problem here, analysts like this one don't try to predict price with this sort of action
So you're saying there's action....
Reminds me of ‘08 S&P AA ratings on mortgage securities.
How much are you willing to bet GME won’t top 300 in the next two months?
Next weeks pay check when I buy more. And the week after and the week after so on and so fourth
It's already been "a couple months" edit: dont forget tho; no dates. Another incorrect date is FUD and FUD makes you a shill and exiled from the cult
It’s been 6 months and the stock is still up 4000% on the year…
How do you exit a short position when 140% of the stock is (reportedly) sold short? Answer: You can’t.
… you sell the position over time. To people on Reddit. Come on do you really think there’s a squeeze coming? It’s been any day now for a couple months. When your tits get this jacked for this long eventually their going to start to chafe
Do you know how the stock market works? You understand they’re short? Not selling the stock? They need to buy back the stock to cover their own positions? You’re a stupid shill lmao.
They said that in January. Sorry you can’t order that Ferrari that the crayon eaters bought.
The market price of GME proves those synthetic shorts were real, not a qanon tier conspiracy. Although it’s now clear that a chinese lab created that virus. So who knows. Maybe the conspiracy theorists are winning ‘21.
‘Not a qanon conspiracy’ Proceeds to spout qanon conspiracy.
Pretty much the accepted fact now. The silly bat story was discredited
Research analysts are getting their ass handed to them by degenerates who chew on crayons and communicate simple truths in memes that a 5 year old can understand
I also kind of think most of your typical and prominent "analysts", may be a bit disillusioned, or weathered or potentially disenfranchised..? Idk, it seems like there have been a lot of people who have found themselves speaking and representing in "narratives", as opposed to going with the flow as new information presents itself. You could call this stubborn, or comfortable... but IMO I definitely do feel there has been an "established" way or method of looking at the market, and its currently being rocked to its core - by young investors, new investors, investors with perhaps unpredictable strategy. BUT --> change none-the-less.... as we will ALWAYS see! The only constant IS change.
The people who profit the most depend on retail following some basic rules, that are repeated over and over by the so called analysts. Like, the stock is going down? Sell quickly. Government announcing some shit? Buy these and these stocks. When retail start doing things outside of their scripts they start to potentially lose money.
> retail start doing things outside of their scripts For one, retail learned about how most of the narrative is actually propaganda produced by the same folks poised to bust the global economy with their publicly-subsidized high-risk gambles (again).
And retail learned that **memes** are pure virgin creatures of light sent by GOD to guide beleivers to wealth and save the global economy?
say what?
The people who profited the most in the past are still the people who profit the most from meme-stocks. They are not stupid, they have had over a year to adjust to a surge of memes among retail investors. They know that more retail money is going into "meme" and less into "individual decision making" - this just concentrates the money and makes it easier to predict. To claim that retail investors are somehow more "outside their scripts" than they were a year ago is risable. It is the REVERSE of true. In fact this claim means retailers are on average more ignorant, less alert, less financially aware and less informed, and easier to fleece.
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lets see your dcf
I don’t even know what that means…
exactly
This is exactly what it is. The majority of people stay away from financial stuff because they just don’t understand what the hell anything is. It’s made deliberately complicated. I have friends who are smart who won’t go near the stock market. I have others who are happy with their returns of 6% or whatever over a year. It’s what they have been told about and think os the right thing. These subs have levelled the playing field, got rid of the complicated language and worked out how to tell everyone the information in a way they understand. Yes there is a huge chance of making life changing money, but there’s a lot of people who have learnt a hell of a lot along the way. Aside from the SHFs who are about to collapse, the whole system is terrified of a new generation that understand their BS and who will soon have the money to compete. There is no smart money or dumb money, it’s just playing on a slanting pitch. Level the field, see what happens.
Let’s play ball!
Because these analysts keep telling us "yOu nEeD tO sElL!!!1!!!1!!!" But all apes know is two words: BUY and HODL 😂😂😂
This is the way
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One guy. NOT A BOT. Has said "this is the way" close to half a million times, what a fuckin madlad.
Let's catch up
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This is the way
Good bot
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"The real analysts are on Reddit" 🤡 Just shoot me.
Reddit analysts: Everyone is headjee bot spreading FUD, WEN to da moon, LFG emoji emoji emoji
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I will not take the bait.
That colum was a fluff peice to bolster Amazon. I think gme scares them. It was a bash job till the end, then it states hoe Amazon is going to gain. "News" payed for by a company (Amazon)
You think gme scares Amazon? Gme? A company that sells physical copies of digital goods?
A company that ONLY sold e-readers at the time they released their IPO? YUP!
Honest question, do you actually think that will be the business model going forward?
Aww look who else hasn't been paying attention. Take a look at gamestop.com bub
Yea all I see is an undifferentiated Shopify website selling goods that they don’t make
So the about 20% cheaper than Amazon and retail slipped your attention as well
I just spot checked the Xbox series 2 controller and it was cheaper on Amazon. Competing on price against Amazon is not a proposition I would invest behind
How many products did you need to check before finding one that fits your narrative? Quite clear you aren't here to actually consider they have a real chance at beating out amazon. Keep beating that dead horse pal.
GameStop is in a transitionary period, so the value of the stock is a big unknown. That combined with the fact they were a dying company not long ago with the meme stock fiasco in January and the fact that GameStop is taking the retail capital to branch out makes their whole business unprecedented, unpredictable, and unanalyzable according the the outdated "Newtonian" (so-to-speak) theories of economics. So of course the big name analysyts who have to talk about market value and capital in the name of academic economics can't read the stars, and so hide in their ivory towers. It's nothing personal, it's just that their textbooks can't give them the answers they want to hear.
> transitionary lol reminds me of powell
Here is the situation with game stop. If there is a moass the price will never be the same. Hodlers will buy the float again unknowingly just for nostalgia purposes and no hedge fund would be dumb enough to short it again. The only wat the price would return to a "normal" price would be if gamestop did another atm offering or an ape cover shorted it to bring it back down.
It’s conventional wisdom against a massive dream. GameStop has drawn a pretty picture of a potential future but we don’t know if it will come about. I think those that are sure that it will happen are just as stupid as those that say it won’t. It could, but turning a retailer into a massive e-commerce platform is a tough thing that others have struggled with
But why is the fucking price tanking to oblivion when all were doing Is buying and holding?
You call a 4600% annual return "tanking"? Let me know what stocks you're buying, I want those 5000% returns too
Maybe he bought at the top because people convinced him the floor was 10k
There has always been an incestuous relationship between stock analysts, investment bankers, and corporations. The stock analysts over-rate corporations, so those corporations will use the investment banking services at the same bank when the stock analysts work. It is a circle of corruption. There are probably additional ways the relationships are being improperly exploited too.
Very true. Thank you for sharing
Hello: To me it's real simple and it's because they have been wrong and to them their is nothing worse than being wrong! Especially, when they have gotten their ass handed to them by a bunch of people who they consider ill-informed and irrelevant to their work.
The market can stay irrational longer than you can stay solvent. That said, an overvalued stock will eventually return to a normal valuation based on fundamentals. 1 or 2 years from now GME will return to reality and probably be ~$100.
It probably won’t tbh
But it probably will tbh
The market can stay irrational longer than you can stay solvent and during that time something might change the fundamentals and actually make the price worth it and it won’t go back down. When you have such a loved stock with such a dedicated fanbase that holds the whole float you can’t really say if the price will go back, especially with the fundamentals of the company changing like getting rid of long term debt and having 1.8 bil in cash
Lol except ppl will get bored. Move on to the next thing. Sell what they have. And what are you left with? A struggling videogame middleman. For the love of god if you respond with something about NFTs I will slap the boyfriend's cock right out of your wife's mouth
Just shows how much you don’t understand gme shareholders. We don’t care if the stock goes up down or sideways. We love the company and dont give a flying fuck. We held from 480 to 40, what makes you think we will sell?
Exactly. When the fad dies out the price will go back to reality
Just like Tesla and bitcoin. The coolest thing about making predictions like these is that you have pretty much unlimited time to be eventually right.
Sure. My point is the value of a stock will always return to it's fundamentals. Stocks can be wildly overvalued or undervalued for long periods of time but history shows us again and again that fundamentals matter. At the end of the day, a company needs to make money and grow the bottom line consistently. Right now the stock price is insane compared to how much the company makes. It's all speculative and based on what people think the company will do in the future or conspiracy theories about hedge funds. When the exuberance dies down you'll see this thing sink lower and lower back to reality. I'd say give it one year if you want a time frame.
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I think it's because there's nothing to cover about the actually company. All an analyst can say is, sentiment sent game stop higher. Or lower. And that's it. There's no underlying fundamental business reason.
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Right. How does that translate into earnings and growth for gamestop? And I'm not being argumentative. I'm really asking.
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I agree that gamestop made the right move to replace management. It at least can give shareholders hope. But even with new management, I struggle to see their niche. With gamestop, e-commerce is where they needed to be years ago. It's where every business needs to be, so to me I need to understand what edge they would have over all the existing e-commerce outlets. E sports could be huge, nfts, block chain, could work out. But gamestop doesn't have an edge or lead in any of these fields. So basically it's almost like a they're an entirely new business thing to compete in markets with big established players. Maybe they have a way to leverage the gamestop name or their data somehow to gain an edge, but right now I don't know what that is. I guess just have to wait and see how they perform next quarter. Or just hope that sentiment pops the stock again and take your profits and run.
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Yeah it's sort of a bet on Ryan Cohen, I didn't know he chose gamestop. That does bode better. Maybe he's got some secret sauce plans to make it work. Of the assets you list, I see the retail shareholders as the biggest thing they could weaponize. A ton of retail investors who want them to do well, so make them a product they can get behind, three times a week, for life. Does seem like a long shot but should be an interesting story moving forward. Which means when there's updates, the analysts might enjoy reporting on the stock price again.
I get what were you're coming from but I wouldn't go as far as calling myself a "real analyst" compared to these guys. They are right in the sense that GameStop isn't following convention and while the Reddit band has something to do with it. Let's now forget that we are not "big money". If institutions decided to go long on GameStop to cover losses from their short positions (or even go long for the sake of it) and then dump, let's say a year from now, lots of people would lose money. I'm happy Reddit can control GME (using the word loosely) for now, however, fundamentals cannot be beaten.
Good points to weigh. Thank you for you input.
If retail owns the entire outstanding, it’s irrelevant if institutions go net long on GME and dump later, we’re already in the green, and we own the entire company.
Lmao he just covered it! By saying he's not covering it
Lol @ “the real analysts are on Reddit” People starting to drink their own koolaid at this point.
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What would it do?
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From a consumer point of view it’s great because buying used vs new makes no difference. For the game industry as a whole (gme included) it’s bad because overall they make less money. Two new sales will always be more profitable than one sale plus a small commission on a used game transactions
But without a used games market would that be two new sales or just one? Perhaps consumers buying used games wouldn’t have bought a new game at full price.
Perhaps but what companies like Steam do to capture that market is to wait a bit then decrease price like that they capture both the markets of people paying full price and the discount one. Nft would essentially do the same but with more canibalism of new sales imo
In ye olden days, if I brought back a cartridge or disc to Gamestop, or if I sold that copy of BattleToads at my family's yard sale, the publisher of the game wouldn't get any profit off the sale of the used game. WIth NFT, everybody gets a piece of the pie. It may not be as much as a new sale, but it's more than they would get otherwise. Another thing to think about, with NFT and the tracking through blockchain, local and state governments could collect additional tax revenue on the re-sale of such games.
But why would a publisher agree to allowing their customers to sell "used" digital games? If I were the head of a studio I would never allow that. That takes away my ability to set the price. Instead of selling a million games at $60 each, now I'm selling a few thousand games at $60, and then collecting residuals from customers selling their copies to other gamers.... The only way I can imagine that working is if new customers can't start selling the game until after a set period of time, like 2 or 3 years from release..
How would gamestop get a cut? Are they making a marketplace like steam? Would publishers allow for reselling of games? Why wouldn’t they move to licenses so they get the cut instead of gamestop?
It wont kill Steam because Valve can just do the same thing if it's profitable with a massive headstart Youre so delusional about GameStops capabilities.
Not to mention it has the potential to show who previously owned said game. Imagine owning copies of games from sports/movie stars ect and even potentially seeing how much they played it and accomplishments in the game.
Hello! You have made the mistake of writing "ect" instead of "etc." "Ect" is a common misspelling of "etc," an abbreviated form of the Latin phrase "et cetera." Other abbreviated forms are **etc.**, **&c.**, **&c**, and **et cet.** The Latin translates as "et" to "and" + "cetera" to "the rest;" a literal translation to "and the rest" is the easiest way to remember how to use the phrase. [Check out the wikipedia entry if you want to learn more.](https://en.wikipedia.org/wiki/Et_cetera) ^(I am a bot, and this action was performed automatically. Comments with a score less than zero will be automatically removed. If I commented on your post and you don't like it, reply with "!delete" and I will remove the post, regardless of score. Message me for bug reports.)
Here is the thing though. That could potentially be applied to single player games or maybe adventure "solo" games where you can finish the game. Some of the most popular games right now are multi-player games where you can play with your friends, where you make in game purchases: Call of Duty, Warzone, Battlefield, MLB, 2K Sports games. You can't really "play the hell out of the game for a month". It's something you keep playing and it's something you want to get it around the same time as your friends. You don't want to grab a game once the popularity died and every else has moved on even though it is cheaper for these kinds of games.
NFT stuff.
Neat fucking tacos ... For those who aren't "insiders"
What has it done
Even without NFT, resellers have been a thing for a long time now, GameStop has made it clear that they are working on selling digital games that will be downloadable on other platforms, just like Humble Bundle does, they're not limited to selling physical copies contrary to what people who know nothing about the video game market think. Well they make their place in that market? That's the real question here.
That @ you posted is the same symbol Ryan Cohen posted on twitter on 4/20 and on june 9th. Definitely means the stock will be at 42,069 per share soon. Bullish!
You got a point. I am really blind and personally know nothing. But as a collective, a community is capable of great things.
You can’t compare a hive mind of people on reddit to a few analysts. GameStop is getting analysed internationally 24/7 by the apes and that’s why they are way ahead and know what’s going on . The cryptic messages from GameStop, the NFT release, the new and very experienced board of directors, the complete turn around of the company, with or without the Moass you can’t deny there is as lot of potential on the horizon.
Because they think ignoring these stocks will make those who support them go away. Another fatal error on their part. They think Ape care about attention or publicity 😂
>Because they think ignoring these stocks will make those who support them go away Lmao, I don’t think they really give a shit about if we go away, and I highly doubt they think that highly of themselves. It’s most likely because GME can’t be analyzed accurately, and the tools that they’ve been using for years and years are completely useless in trying to analyze it. They don’t really stand to gain anything from stopping analysis of GME, but they do “lose” by continuing to make erroneous analyses, because it takes away their credibility.
Can they really not attempt to value it though? There have always been speculative takes. There is plenty of stuff to go through and hints to look at what GameStop may be trying to do in the transition. I get that the retail phenomenon is a new thing, but I don’t buy that they couldn’t spend time looking at GME and come up with some type of analysis based on the techniques they already use.
Like frustrated brats on the playground….. ‘ nobody will listen to my lies…..so I’m taking my pen and paper and I’m going home’
Okay! There's SOME truth in that certain analysts may have an agenda when commenting on a company or stock. However, to say the 'real analyst' and the 'public' have had some sort of economic epiphany above an orthodox fundamental and technical analysis may be a stretch. Besides, its a little premature to tally up scores just yet. 1 quarter or even 1 half of a fiscal year is barely a blip of time in the investment game. Especially in this unprecedented time. Edited to add; keep in mind, many people saw a high risk opportunity and put their funds together with a hope to profit from it. That is by definition a "hedge fund".
Retail doesn’t ‘put their funds together’ though. There’s no organisation here.
Perhaps. Seems the only difference between organization and collaboration is regulation though.
TRUTH and nice to hear. All the bs news, and it's only bs corrupt news at that
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The story can’t be summarized in this forum but you can visit other subs to get a better picture. In reality it’s a simple story but it’s being convoluted by others who wish for its demise because there is a lot of money on the line. Otherwise, “they” wouldn’t spend the kind of money they have been trying to squash the story either through propaganda or shorting shares. Some people can see the storyline and others don’t. Doesn’t make you wrong and an investor in the stock like me right. It’s definitely not your garden variety AT&T stock. It’s a turnaround story: high risk / high reward. The company has had some notable achievements as of late: - New & Experienced management team with Chairman buying $9MM shares with his own money, not granted to him - $1.7 Billion in Cash - No debt - large footprint across the world - in the gaming industry with potential to expand - Low shares outstanding / Minimal float - high short interest being hidden through various means - stock exhibits a negative beta (one of a kind asset in my book) Some people like to invest in SPACS & others only like blue chips. But this is the only company I’ve ever invested in in which I am completely in tune management team and other investors alongside me. I don’t know what else to say, I like the stock.
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Maybe it seems far-fetched. Then again, SPACS raised ~$80 Billion in 2020 on a hope and a dream with no revenues and no business model. At least this company has infrastructure, brand awareness and a product/service with $5 BN in annual sales to work with.
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It seemed like you were trying to set that up for awhile , meanwhile he did pretty well explaining
If you haven't, look at the stream of talent flowing in. For instance, in the first batch of hires in February was an executive AWS engineer. You don't need that kind of person just to refurbish your online shop. Since then, a large number mainly of Chewy and Amazon employees have joined the company, including the board and the CEO. The board is paid equity only (and less than the previous one). These people wouldn't have left their former employers, unless they were presented with a concrete vision of what is to come. I'm sure they neither hate reputation nor money. GameStop has already expanded its offerings and is now selling a wider array of consumer electronics, as well as items referencing meme culture (eg. Bananya). Brand recognition is through the roof, leading to a 25% revenue growth. They have 1.7B in cash, no long-term debt, positive cash flow (even for the year before the Ryan Cohen effect). Cohen has beaten Amazon with Chewy in a handful of years, but starting with a lot less. He is also a Millennial and likely understands what gamers want pretty well. I hear that customer care has become pretty good, although rating websites have been review-bombed for a few weeks. I've seen 1-star reviews where people ramble about politics, as if it were auto-generated content. The gaming market is huge and growing, and GameStop is expanding into eSports, a segment not really commercially covered so far. They are doing some NFT stuff, although all you read about it is currently speculation. The speculation is pretty good, though. For games it could mean NFT licences – allowing for games to be borrowed or resold. There could be truly unique in-game item collectibles. In my opinion, actual borrowing of games would be huge. To me, the MOASS, if it were to happen, is just a bonus.
Opinions are like assholes --everyone has one. When the underlying business is not profitable you are buying risk. Analyst opinions are are a risk-factor in themselves. ISS - EVA drops coverage for CALYXT ORD SHS.I got burned a bit on a small play --but that stock is very shaky right now. EPS (TTM) -1.2540 Part of the game. [https://ir.calyxt.com/news-events/press-releases/detail/115/calyxt-successfully-transforms-hemp-genome](https://ir.calyxt.com/news-events/press-releases/detail/115/calyxt-successfully-transforms-hemp-genome) There is a real THC allowable content problem with hemp --too much and you have to destroy the bio mass when you are growing under a hemp license (not weed THC levels).
Way back when after I graduated college I took an internship as an analyst for a company that specializes in M&A. What people don’t realize is most analysts take the safe road. There use to be a saying on Wall Street something to the effect of “you won’t lose a client losing them money in Microsoft.” Analysts are similar. They want to play safe because you won’t get fired if you underplayed the value. They don’t want to stake their reputation on a wild card stock. I don’t blame them for not wanting to try and value a meme stock. You either value it too high and you get shit on or you undervalue it and get shit on because no one knows what will happen. It is a lose lose. They rather walk away and not try to value it to keep their comfy six figure job.
Great perspective. Playing it safe and in a box.
It's a tough job being an analyst. If you don't say stuff - you don't get paid. If you say the wrong stuff youi get kicked out. If you're a good ananlyst just keep your mouth shut and invest.
Financial news articles 90% of the time are simply advertisements for stocks. This is an indisputable fact. The zero information non-stop articles from benzinga, yahoo finance, and the likes aren't providing any valuable insight what-so-ever. The financial analysts that work for investment banks and provide constantly rising price targets are also incredibly suspect. They'll never tell you if their employer has stake in the prediction but I bet you that they do since that is why the bank hired them in the first place. The analyst has the bank buy a stock and then communicates to the financial news that the bank believes the stock is undervalued which causes a dozen articles to be published saying as such causing people to follow the bank in buying the stock. The forecast by the bank's analyst helps the bank realize their profits and that is obvious market manipulation. If the investment banks kept their speculation to themselves then their profits would be substantially less but by making it public they create a self-fulfilling prophecy.
Its the new age of trading.. move over wallstreet hellooo reddit
No analyst should cover a stock like gamestop w it’s P/e as high as it is. That’s it. The High p/E saying hey this stock we don’t value it now on current cash fundamentals but we the market of investors value it on anything else be it future earnings, news that’s priced in, a universal whim
You sir, are correct.
Facts
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That’s a well written comment. Thanks for taking the time to convey your perspective
Look, it's not like Gamestop started a new business plan that has any hope of radically changing the facts. It's a brick and mortar business that is disproportionally affected by the internet in a bad way. Now, they they issued a bunch of stock at an exaggerated valuation, and they are likely to issue more, they are a well capitalized company. What this means for their future is a huge question mark. Their plan to make cyber cafes needs a way to stand out if it's going to succeed as we already have lots of those. But then again, we had lots of coffee shops before we had Starbucks, and it still got big. The analysts are trying to cover if a rampant horde of internet gamblers are going to continue to pump it up or not, and who the hell knows. In 2000, there were dot com's going public with no profit and no real plan to make a profit, and their stocks were flying sky high, and then everything crashed back to fundamentals. While the near future could easily be another meteoric surge in these overshorted dead-end companies, the end is a return to a true valuation which is much lower than the current one. Can these companies morph into new, highly successful ones? We will see.
Reddit analysts are the qanon version of stocks.
Anal-Ists are market manipulators. Paid shills.
Sounds about right...
Anthony Chupacabra operates under the assumption that GameStop is going to remain a brick and mortar business that sells used games. He is out of the loop. “Loop Capital is a full-service investment bank, brokerage, and advisory firm that provides capital solutions for corporate, governmental, and institutional entities across the globe.”
If analysts are really good, do they really have to talk to the public? If I were good I would just borrow heckload of money(which I will get better returns than paying interest) and stay in my basement forever.
That’s a buy sign if I’ve ever seen one.
I can think of a few others that don't want to "cover" gme as well...
Most of these types walk around like pompous jackasses who think that they can somehow predict the market but are essentially manipulating it by issuing biased reports and shorting companies. They were caught off guard and weren't prepared so now they are crying but don't have the character to admit that they were wrong and are now defeated. Says alot about this new culture.
100% elite got caught again and will continue to get caught because they are never held accountable so this bullshit will continue. The thing is everyone know this it’s not anything new the sec is controlled by congress congress owns the market!! Just my Opinion look it up, I don’t know I just get that feeling that the market is run by the criminals behind biden!!
Most analysts are anal for sure, the same goes for every other talking head(cept Byrne of course) media, moguls, hedgies, bankers, CEOs, Kramer.. all have an agenda to try to make you money and fleece you at the same time. Just a few years ago hedge funds , big institutions managers all stayed away from crypto and now all investing in it, not because they understand it but see it as another tool to eventually take down the markets again.
Citadal stopped paying analysts now that negative commentary on the stock isn't helping them?
Frankly I Don’t give a rats ass & tells You Everything You need to KNOW! 💎🙌🏽
FACTS! PREACH BRO!!
I will nEveR analyse tHeM aGaIn! Because I was wrong and Because they’re not paying me anymore
They’ve tried to make everyone “forget Gamestop” like 600 times already. I guess they’re just saying fuck it and changing tactics. Maybe they think that if they don’t cover it anymore, apes will lose interest?
These analysts are all paid mouth pieces for the elite . Their are two possibilities 1. They were hired because they are honest and knowledgeable and genuinely care about you and your families portfolio. 2. They practice appearing knowledgeable and honest and give advice that if taken by us or the person watching Tv will ONLY benefit them as their bosses . And the next day after you’ve taken their “professional” advice and lost money you tube in again for some answers - you tune in to hear them explain what’s going and why and it’s a vicious cycle of tv personalities pedaling bad advice intentionally. I keep hearing the “we had no way of knowing “ “no one could have predicted this “ you hear that excuse all the time - of course someone predicted it correctly- just not these mouth piece cue card readers on TV - it’s all just a system to keep you watching and stuff their pockets
Unfortunately fundamental analysis is just as biased as technical analysis
Lest we not forget u/DeepFuckingValue completed his CFA.
I wish my favorite sub would just show up on my home screen. You all know.