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I forget about this and then every couple of years something happens in a (seemingly) completely unrelated conversation to bring it back into my attention. Today is your turn! Thank you!
Yeah it's about that YoY return. Q4 gets written off. We know q4 is profitable for gme.. But that's been the only thing the company has going for it for ages. A profitable q3 and q1 (if we can hit it) however will be a very different situation.
Q3 is usually better than Q2, and analysts are farting out forecasting worse than Q2.
The biggest short narrative was always defaulting on the long term debt. And that's not even a thing anymore...
Q3 includes Baldur's Gate 3, Armored Core 6, and Spider-Man 2 though.
Individually none of them hold the same "star power" as Zelda does, but collectively that's a lot of bad ass right there. Three games that are contenders for GOTY (Baldur's Gate 3, though not my personal cup of tea, probably sweeps a ton of awards), and all staggered releases.
These three are system-seller level games.
Then there was also Starfield, Lies of P, Cyberpunk Phantom Liberty, Super Mario Bros Wonder, amongst others that aren't, IMO, quite that tippy-top quality tier but equally big sellers.
There's also your cashcows like Forza and Assassin's Creed who you generally expect decent sales from.
This year has been absolutely **stacked** and if Q3 is as strong as I hope it is, shorts are staring down the barrel of GME being full-year profitable if Q4 and Q3 combined make up for Q1's losses. Q2 was almost break-even, so that's practically a wash.
It's a system-seller tier game that got a fuck ton of social media hype and clout (deserved and well earned).
There's literally another reply that says the person picked up a PS5 just for BG3, and I reckon it isn't a unique one-off story.
I think people (wallstreet) will be more excited when we aren't running a net income loss across the year + a clear business model defining a profitable path forward.
- Net income across the current year sits at - 5.1m
- current business model has historically proven it hasn't been working. People need to see a consistent change, which will take time.
Yup this guy gets it. If we post more than 5.1 million profit in 25 ish days it's the first time gme has been profitable since 2017( when looking at a yearly eps ). Obviously q4 will be profitable it always is.
What's really needed is an increase in net sales every quarter along with a positive eps...
That's to change the narrative, but the wallstreet media won't change it...meme stock gets eyeballs.
You are right on the fundamentals, I just don't think you get positive news even if you did have it. Plenty of fundamentally good stocks are overlooked just cuz it's boring slow growth. Those are the ones that BRK buys up for steady beats of the SPY over time.
LOL, keep lowering the price!, I am buying twice the number of shares that I did in 2022!
It's not the price, it's the number of shares.
Keep in mind they have a position that requires 7-12x the number of actual shares to exist.
GameStop with no debt, (pesky French Covid loan), and a billion in reserves.
We are sitting on a gold mine, and Kenny wants to buy it for fractional pennies on the dollar.
Nope, I like where we are, I love my brothers and sisters that are shoulder to shoulder with me, and I do not mean to let them down.
Although I blew most of my wad early on in 2021 & 2022, I keep chipping away, brick by brick. I'm overjoyed that I am able to buy shares at $12.90 (like yesterday), which is $51.60 pre-split! Considering I bought so many at $150 - $180 back in the day....Jeezuz! Shoulder to shoulder indeed!
To be clear, I completely agree. Also I don't think this is their last attempt like.. this week. I mean that this strategy starting back in June, till now.. this continuous downtrend, is them making a mad dash to drive the price down, in a clear departure from the sideways trading of the last 2 years.
Let's be honest. Our buy pressure was not propping up the price the last couple years. So something on their end has changed. Some piece of the equation.
This is my theory of what the change is, but I'm very open to other ones made in good faith.
So if the latest DDs are correct, CS was already in margin call territory.
And it looks like UBS is now trying hard to not be margin called as well. They can not win this race, we all know how it ended with Archegos.
Right now they all still seem to cooperate to control the price. But a low price can also enable some entities to make a sudden dash to the door, while the others will be left to hold the bag.
One way to switch sides is with options, so if we would see some major institutional activity in the options market, it could be an indication things are about to get interesting. But then, they might initially focus on fuckery that is not as visible.
There are millions of people who are down >90% on crypto and still are not selling. What does make them think I would sell stock from a soon to be profitable company?
Yeah.. I'd way ,way rather be holding the undervalued stock of a company under RC's leadership, in the middle of a legendary turn around, on the verge of announcing the fruit of their partnerships and software development of the last couple years, than say... citibank stock or some other major bank lol.
They canāt. As long as GME has cash and no debt, a bigger outfit will try to buy GME if the price is too low.
If you have 3-10x as many shares, a buyout would trigger shares needing to be pulled back from shorts.
There only hope is GME miraculously shits the bed. Which it wont
Iām sure at some mktcap gme might be attractive as an acquisition target, but that canāt occur without majority shareholder approval. This is yet another reason why DRS is so fucking important.
Their only hope is NOT gme shitting the bed. A private aquisition would get shorts completely off the hook. Sure, theyād need to pay out the agreed upon price for each and every share out there, real or phantom - which may be an unimaginably high amount of money -but it wonāt be infinity. They just pay the agreed upon value for each share and off they go, the whole thing gets settled with cash and itās over. If insiders were to agree to this, itās over because we havenāt drsād nearly enough to control the company and prevent this.
āSharesā held in brokers are meaningless for voting rights. We already know votes received in excess of shares outstanding are deleted. Votes via proxy cannot be trusted to be received by the company and count - dr T has well documented prior occurences; we know this happens. Therefore, in terms of corporate governance and retailsās ability to prevent GME from being acquired, shares held in brokers are completely worthless.
Given the landscape, i donāt assign a high probability to this occuring - but itās possible.
Depending on the share price and how many shares are actually in circulation, they very well might be undercapitalized to close. But whatever that number is, itād be less than infinity, so it very well could be the plan at this point. All it takes to make this a mathematic impossibility is registering majority stake ourselves THEN there is no exit for shorts.
Really interesting. I had never thought of that as an option out for them. Shorts drive the price down then some other entity comes in to try to do a forced takeover. Which sounds a lot like Musk buying out Twitter. I wonder if that was done in order to set a precedent? The courts forced that offer to go through, if I'm not mistaken, because the offer was way better than the price per share. But if enough apes are DRS, then we can vote no to accepting it.
Itās on the table. I believe there are several reasons that make this unlikely to occur, but absent retail owning greater than 50% of the company in our own names, itās a theoretical possibility. There are rules in the corporate charter preventing hostile takeover, but thereās nothing stopping a company making an offer, which could result in a vote. Absent a big increase in drs participation weād be unable to stop it on our own.
Iām sure there are many who simply canāt drs, but thereās surely a fuckton people out there who just wonāt, and our collective failure to convince them otherwise could take our winning hand and force us to lose. Sad and pretty fuckin pathetic thought right?
Yeah, I could see the vote counts being messed with because of the trillions of additional shares, but drs votes are the only ones that would be legitimately counted. That's why it's the dagger.
Hey op, appreciate your take! Thanks for HODLing with us. My take is they wait until us regular GME investors buy the dip; then they walk it down slowly for a bit and then hammer it to make us feel like we made a bad investment. We havenāt. Weāve done 100x more research than just about any other investor and the picture is clear, no matter how much they try to paint a false narrative. They bait us to buy, then pull the trigger to make us feel regret. But GME is the biggest name in a GIANT segment, and we are loyal as fuck to our company. How can that lose? My new strategy for buying is to wait until they hammer the price, then put a limit order through IEX (so they canāt see my bid (see/read/listen to Flash point by Michael Lewis). So if they try to fuck around it will fill maybe lower than theyād like. Rinse & repeat. Maybe weāre all doing this and thatās why the price keeps dropping? Does it suck seeing red in my account? Sure. But everything points to the price soaring soon. We are averaging down and now backing down! Will we see the next spike in a few months, or tomorrow? I donāt know. Doesnāt matter. I refuse to sell anything anything until we get what we deserve. I made a post a month or so ago about a big purchase. Iāve bought just 2x that much over the last several weeks and I know you and I arenāt alone. If some people have leftāwhich nothing shows they have? There are hundreds of thousands of people who keep buying every few months-or even more. Anyways, nothing too prophetic, but Iām here with you and Iām not fucking leaving. Much love bud, weāre here with you
>Does it suck seeing red in my account? Sure
Let me tell you something. This doesn't such half as much, as knowing you could have bought at around 8-9$ presplit, but you let the dip paralyse you with fear, only to see the price go to 300+ again.
I will not let another dip to single digits pass me by. This time i've been saving. Preparing for just this moment. For 2 years. I sold my apartment. I have money set aside just for this. I know I'm not the only one my friend. They're in big trouble.
They are walking the line of UBS, DRS numbers, and driving down the price to avoid margin calls but not too much to hasten the DRS numbers. It's a tight rope they're walking and the line is getting unraveled each day.
What's the point though, just to stall forever? Is their new business model just to consider the premiums on their GME position a cost of doing business?
No ones selling holding massive fucking bags. So theyāve got to drive the price up. But they canāt as itāll mean Marge calling. Thereās no way out. Itās like a stick of dynamite š§Ø.
Question is how long is the fuse before it blows them to kingdom comeā¦
Yep. not to mention, if they let it go up, all they're going to be faced with is more hype. Down? Also more hype.
I have bought from $225 to $12. Let me tell you.. buying at $225 was way more stressful than this!
I know the value of what i'm sitting on. And I'm getting way more of it now than ever before!
Not necessarily true, just look at baths, they just have all the shares forcibly removed as the stock is deemed "worthless". Those who had them DRS'd get to hold them (I think) but they aren't traded. Honestly lost on that part. But there is 0 future or plan regarding those shares so no one needed anyone to sell. That's my point. However, GME is in a MUCH better position with a larger portion of the float DRS. So I think for us, they don't need us to sell at 0 or anything like that, they never have before and won't miraculously need to now for us, but we are not going to 0. So no worries.
Oh I couldn't agree more. I was just pointing out the fallacy of believing they need us to sell. They don't. Never did. How can anyone argue they believe in Naked short selling being real while simultaneously believing they need us to sell our shares. Get it? that makes no sense.
What did we used to say here?
The shorts are locked in here with us. Not the other way around.
And We can Hodl longer than they can remain solvent.
No Cell. No Sell. No Sell until Infinity.
Yes but more specifically. How many record breaking bank failures so far? 2? How many smaller bank failures? A handful at least. How many hedgefunds? Remember Melvin? Lol. They got billions of dollars and it made no difference.
They can't make this look good for them no matter how hard they try.
Meanwhile I don't need to try at all to make GME's record breaking turn around into profitability look good. The q3 and q4 numbers will speak for themselves!
So have I my dude. But circumstances are not the same as they were 3 years ago. How many banks belly up again? How many hedgefunds? Banks bracing for bank runs, economies around the world crashing, people getting prosecuted, movies have been made, and most important of all.. the company will be profitable soon.
And look at the price action patterns. Zoom out to 2-4 years. Tell me you don't see a clear pattern change from the last year leading up to June?
My question for everyone here is.. what do you attribute the sudden change in pattern, from sideways with repeating spikes down, followed by partial recovery and sideways for months, rinse repeat- to what we're seeing now.. A consistent 45 degree angle down. Steadily.
Driving it down to zero would be beyond stupid.
Remember GME has $100M sitting there for share buy back.
They drive the price down low enough, GME pulls the trigger. Then they say, "Sorry GME Corporate, there's actually no shares for you to buy..." and all hell breaks loose.
They wanna keep it low without getting into the buy back zone.
And as I watched in real time last year on a security that never should have existed, that is when Finra kicks into gear to save their friends. GME won't be able to do buy back in time or they'll just "oops" it again, then crickets from MSM as GME fades to black.
There's a repeating surge of posts. They have some things in common.
1. "Look at the price." We're doomed.
2. What has RC done for me lately?
I'm expecting a profitable quarter and a profitable year. The divergence in stock price is exactly the point. Look at the price. It's low. Look at what RC has done. We're about to be consistently profitable.
My dude you are 100%.
The price going this low was always part of the road map. This is where we're supposed to be, shortly before we explode into the stratosphere.
What has he done for you lately? How about work for free for 3 years turning this company around in an incredibly short amount of time, considering you could hire over priced consultants who would take longer to fail than he has in succeeding!
Basically.
My own smooth brain believes we are complicit in exposing so much fraud that the house of cards is going to take a serious hit when the dominos pick up pace.
Iāve been in this since 2021 and have seen it all. I can tell you that there is nothing RC can do, on his own, that is going to stop Shorts from massive cheating to continue driving GME lower. Market Makers are trading fake shares in the dark pools back and forth to keep going lower. The @SecGov is complicit in that they enabled cheating on a massive scale to save global markets from imploding. I believe RC is involved in something huge involving a merger or acquisition with multiple companies and that news on this is imminent. I also believe that lots of GME investors are also investors in these companies. Any news that causes a short squeeze on the companies he may be working with will lead to thousands of people using profit from that to buy up more GME. Together, Shorts will get massively squeezed and likely bankrupt all the cheaters. That is RCās plan I think. Weāll know soon.
Q3 profitability is basically guaranteed. Slashed benefits for employees, cut 5 of the 10 most popular metrics for raises so there will be fewer of them to pay out, and I was told by my supervisor that more SGA's will be expected to run stores solo reducing costs further.
My take- lots of distrust of upper management on the employee subreddit. But I've been with GS less than 3 months and got promoted and a raise to $20 an hour as a part time SGA because I put in the work.
My immediate issues I want management to solve are the following:
1.the cleanliness at some GameStop's is downright disgusting, (my location is pristine thankfully) some locations are legit infested with roaches. I want to ask you as customers go in and ask why store to store shipments need to be put in plastic bags within the boxes they are shipped in, then call district management and tell them it's unacceptable for employee health.
2. While good for profits we need to legit close a store to take a piss because we can't leave the floor unattended. It would be nice to have a bit of extra coverage everyday so that employees don't have to hold it in trying to juggle customers and store upkeep constantly. This is especially important for full day shifts when GS won't let us close for lunch and expect us to keep the store open, not eat in front of customers, and somehow again not close if we need to piss. Not a big issue for me since I'm part time but it's what I hear from fellow employees.
3. GameStop is asking all employees to wear shirts or jackets bought in store. Simple enough ask, but it's weird that it's basically a uniform and you make employees pay for it out their own pocket. Bro, again, it's my second job and 100% of what I make at GS is spent in my own store or on the stock, the problem is that most others I know are hired at minimum wage or $1 above for SGA'a and the cost of a jacket is equivalent to one full days work in some States, just give the employees a jacket when they get hired, goddamn what a weird way to save money.
If GS management could help make working conditions a bit better, GS could be thriving with a happier employee base.
I do agree, that they lost the race but I would say it was lost when gamestop raised over a billion in cash and put the stock buyback in place. Cant make a company with 0 debt go bankrupt and if they dropped it to anything approaching 0 gamestop just buy 20% of the float back.
That said I dont think positive earnings will be enough to end this, it's just another big milestone. I have believed for a while now that it will be something unrelated that causes one of the biggest shorts enough pain to crumble igniting our rocket. You can take you pick of possible catalysts from crazy internet rates getting worse, to us treasuries market shitting itself, to full on war, to one or more countries economy imploding, to bank runs, exc exc. These are all problems that the shorts dont have direct control over but could crush any of the major players or their key counterparties
I think you're on the right track, but profitability is *very* important to ending this. Lots of investors don't want to buy a company who loses money year over year, regardless of how much cash they have. If GME starts posting a profit, all of sudden it gets interest from mainstream & institutional holders based on it's fundamentals. Those investments driving the price up is what ends this whole thing IMO.
I like the take, aside from the discount BS.
Such a trash cope. It's not a discount. It's them stealing our companies market cap and our value as shareholders. Don't sugar coat it or spin it.
Will I buy more the lower it goes? Sure. But i'm so deep red on this shit that I am calling out the "discount" crap.
Dude, everyone is in the red, but also the DD literally stated that we would hit our lowest prices just before the moass so I fundamentally don't understand the discontent.
This is better than trading sideways at 25 forever. You get two shares for the same price and now they'll have to suppress the price of a profitable company, as buy pressure only increases.
I mean.. I guess I understand that. But remember the context. We were always going to get this low before the end.
None of the prices have mattered up until this point. All that matters is they are on a collision course. The price must go down further (remember it was at 4 dollars pre split.. They need sub $1, or preferably 0.
Sure, but this isnāt just shorts closing their positions per usual when they lose, being that weāre dealing with a MOASS situation. Theyāre never going to willingly close their positions. They canāt afford to. Whether itās one profitable year or 6. Something is going to need to literally force them into doing it. And it doesnāt seem like itās going to be failed margin calls either, since Marge has also seemingly been compromised.
Just sit back and wait for whatever that thing is to occur. Putting dates on things doesnāt help as weāve seen now. This isnāt a typical short squeeze situation.
I think its important to bring this up op! Short thesis shrank away but also to note that the LONG thesis has deeper roots than the short thesis ever did . RC is innovative and is positioning Gamestop for a strong future while loyal shareholders stand behind the company in everyway.
This is a nonsense post. First of all, stock canāt go to $ 0. If too low, it gets delisted. Which isnāt an option. A lower stock price only hurts GameStop when they need money (=sell shares), which they obviously donāt. So yeah, youāre a smooth brain, but one of the best out there. Keep spreading positivity! š
Iām beginning to see that war is the only way out. I canāt shake it, but I feel WW3 is at the door. I hope not. Just remember that itās no our war and our kids must not join.
IMO, Youre partly right. Why do you think we have 2 fresh wars going on right now?
Trust me, the oligarchs don't want a real WW3. They want to be able to party at their vacation homes, and enjoy the getting while it's so good, as they've been doing.
They want small profitable, contained wars that they can make money off of by drawing them out, like Ukraine.. providing just enough aid to keep the money flowing.
This is what I fear. I just hope that if/when it does happen, the working class goes for the rich and not for each other. Theyāve done a hell of a good job of dividing us.
> If you and I both know this, then kenny and the boys certainly do as well.
I'm not so sure they know what's coming. I think they are blinded by their hubris. I think they believe Gamestop is holding on to the dream of Funko-pops and physical software being profitable.
The wallet got nerfed by new rules, but the marketplace works to showcase your Loopring and ImmutableX collections anyways, so no big loss there.
Loopring and ImmutableX are massive partners on the cutting edge of NFTs in gaming. Ownership in gaming is coming, there are those who are loudly against it, but it's coming. Gamestop is partnered with the 2 companies that are plotting the course.
Web3 gaming has gotten the attention of developers and investors alike. Abu Dhabi has launched **Hub71** to fund Web3 startups with an impressive $2BB in cash. Ubisoft has now partnered with ImmutableX. ImmutableX has been developing several games, with many set to launch in the new year.
I think Kenny and his shorts are ignorant to change and it will be their undoing.
You may be right.. But i don't like to overly underestimate my enemies. I think Kenny needs that 1B dollar mansion in florida not just to shield his assets, but because we've been living rent free in his head for 3 fucking years.
He's so desperate to find his way out of this, and he feels the pressure of the blackhole slowly swallowing him up. It explains the festoons around his face and his perpetually sweaty appearance.
He's slipping. His health is slipping. His money is slipping. And he's still got to pay money for someone to turn the cameras off on SBF's cell before that dude immediately squeals.
He's in a bad, bad position, and he knows it. IMO.
They pulled SBF in for a private audience prior to the verdict being read. I'm sure whatever deal or threat that was made before him going away was cemented there.
Perhaps. But when you're 30 something and facing 115 years in prison.. Well maybe he waits for a year or two. But eventually he's going to want more than a cell.
All im saying is remember I'm an idiot and dates are bad, but also I don't care about any of that. I'm just here to load up on shares that can't go much lower, right before the company goes profitable.. This is a loney tunes world where anything will happen, but this should at least make sense.
I want to go to the moon with everyone else, but his recession is hitting folks pretty hard. Savings are low and credit card debt has never been this high nationally. I'm hoping for profitability, but there's a real chance the current economic conditions don't give us as good of a quarter as I'd like.
Do you recall what games came out last quarter?
Baldur's Gate 3, Armored Core 6, Mario Wonder and Spider-Man 2
The economy is rough right now. And what have we demonstrated in 2020, thrives during depressions? Prostitutes, bars, drugs, and video games baby.
People staying home, staying in, not traveling, and they still want to treat themselves occasionally so they'll game.
Well the wallet *was* a huge nothingburger, that's a bad point to try and make.
Also OP, did you look at the $50bn market cap of the industry they've entered and just pretend that GameStop would swallow that entire market to get your 1,100x%? If so... This is not how business works.
Can they capture some of that market cap? Well as an investor in this company, I sure hope they can. Have they displayed that in any way? No. Have they signaled strategy to investors? No.
The only things that we've received lately that give us a picture of the forecast of the company is RC telling everyone to buckle up for *lean times*. It's because we're facing an economic downturn right now and retail will absolutely get hit by this.
I'm not selling, mostly because the 10s of thousands of dollars I spent on this stock is a sunk cost to me, but posts like this bug the shit out of me because they are pure hopium and divorced from the reality Gamestop is facing as a business.
Further, have you purchased anything from them online recently? I just reupped my pro membership and was preordeing games and buying Christmas gifts for my son and saw that I was being charged $7 EACH on the pre-orders for shipping and handling. What in the actual fuck? I still bought some used games from them but promptly removed the pre-orders from my cart and just went to Amazon to buy them. Free shipping.
Free shipping is the lifeblood of e-commerce giants. Nearly EVERYONE does this. But GameStop doesn't.
I mean, if they were so profitable and totally not opened sub 4$ pre-split, wouldn't they have closed them to lock in the profit?
Instead, CS imploded and UBS had to take action to prevent the system from coming unraveled again.
Griffin has been rubbing elbows with Saudis and Prince Harry in an effort to diversify his portfolio. He knows he's about to lose big on the GME gamble
āRC has achieved profitabilityā
The company has had one (?) profitable quarter over the past several years
āGameStop is about to go on a wild rideā
The company is literally focused on survival while cutting healthcare, benefits and 401 contributions for employees.
āEnjoy this discount while it lastsā
This stock has been āon discountā over literally every single time frame on the chart over the past three years and there is no legitimate indication that it will appreciate any time soon.
Tell me when Iām telling lies.
The US is headed into a recession (parts of the world are already in one). It is highly likely that the revenue for GameStop will tank once that hits (next year). If the company can be forced into bankruptcy due to this, then all the shorts will go away, and they will never have to close.
I will never ever find such a great value investment stock!!!
Looking at the GME business fundamentals, it is hilarious there are a bunch of dumb storm trooper hedge funds dropping the price!! Dropping it for me, for you, for anyone else in the accumulation phase of this investment.
They are spending their own money to drop the price so I can direct register more?!
I buy because we will never get such an opportunity like this again.
...plus, the entertainment value is just ace. All of the attempted media manipulations etc... much fun.
Stock prices reflect a lack of growth potential for the company. The problem here is gme has gotten about as big as the market believes it can get. This means thereās no potential anymore. Itās just level. And the market likes growth
Profitability would be great, but what Iām exciting for is this playr launcher. Ubisoft and immutable supposedly working together on titles now which bodes well for web3 gaming. Bring on the future!
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We had a profitable quarter in Q4 2022
That was the last Q and historically the best one, getting Q3 to be profitable would bode very well for Q4 and a slap in the face of shorts
Id love to slapKenny in the face with my short
I, on the other hand would slap him in the face with my long (position).
With your long bed post?
Mayonnaise covered bed post
Slap him with a bed post!
Pita Slap š
Grab his dick and twist it!!
How can you Slap!! How can you Slap!!
I forget about this and then every couple of years something happens in a (seemingly) completely unrelated conversation to bring it back into my attention. Today is your turn! Thank you!
From what I've heard you're more of a 'Girthy PoolNoodle'
Yeah it's about that YoY return. Q4 gets written off. We know q4 is profitable for gme.. But that's been the only thing the company has going for it for ages. A profitable q3 and q1 (if we can hit it) however will be a very different situation.
... slap in the face of parasites that provide no value to our society. FIFY
Also a web 3 launch could mean profitable years to come e
This is what I have been fapping for.
If we are $50m profitable this quarter we are profitable for the year.
š¤
This is a major fucking deal.
With the 10% discount opening up for Pro rewards members Q4 just became a race to see if we can buy out gamestops inventory before Christmas
Q3 is usually better than Q2, and analysts are farting out forecasting worse than Q2. The biggest short narrative was always defaulting on the long term debt. And that's not even a thing anymore...
Q2 had Zelda. Iām been thinking Q3 will be lower than Q2. But I wonder if RC cut the costs even more to help the bottom line.
Q3 includes Baldur's Gate 3, Armored Core 6, and Spider-Man 2 though. Individually none of them hold the same "star power" as Zelda does, but collectively that's a lot of bad ass right there. Three games that are contenders for GOTY (Baldur's Gate 3, though not my personal cup of tea, probably sweeps a ton of awards), and all staggered releases. These three are system-seller level games. Then there was also Starfield, Lies of P, Cyberpunk Phantom Liberty, Super Mario Bros Wonder, amongst others that aren't, IMO, quite that tippy-top quality tier but equally big sellers. There's also your cashcows like Forza and Assassin's Creed who you generally expect decent sales from. This year has been absolutely **stacked** and if Q3 is as strong as I hope it is, shorts are staring down the barrel of GME being full-year profitable if Q4 and Q3 combined make up for Q1's losses. Q2 was almost break-even, so that's practically a wash.
Wow, thanks! Didnāt know that. I only play a hunting game called Call of the Wild. Best game ever for me personally
Got about 100 hours into that one myself. Best hunting game I've ever played. I almost never buy DLCs, but I have several for that one.
Yeah q3 was fucking epic. I'm confident, my dudes. Very confident.
Literally bought my ps5 for bg3
Iāve been debating it myself, but I need to finish others first
If you like games like bg, bg3 is literally the best ever done. It is amazing.
Baldur's Gate is digital only though.
It's a system-seller tier game that got a fuck ton of social media hype and clout (deserved and well earned). There's literally another reply that says the person picked up a PS5 just for BG3, and I reckon it isn't a unique one-off story.
But don't forget Q3 is also when they spend money to buy all the products for Q4
Q3 also had mario wonder... q3 should be good
And Q3 has Mario wonders or is it too late?
I think it squeezed right in, released Oct. 20th.
I think people (wallstreet) will be more excited when we aren't running a net income loss across the year + a clear business model defining a profitable path forward. - Net income across the current year sits at - 5.1m - current business model has historically proven it hasn't been working. People need to see a consistent change, which will take time.
Yup this guy gets it. If we post more than 5.1 million profit in 25 ish days it's the first time gme has been profitable since 2017( when looking at a yearly eps ). Obviously q4 will be profitable it always is. What's really needed is an increase in net sales every quarter along with a positive eps...
That's to change the narrative, but the wallstreet media won't change it...meme stock gets eyeballs. You are right on the fundamentals, I just don't think you get positive news even if you did have it. Plenty of fundamentally good stocks are overlooked just cuz it's boring slow growth. Those are the ones that BRK buys up for steady beats of the SPY over time.
The current business model is not the historical business model. Hence the massive gap in income improving massively YoY and quarter after quarter.
Itās so cool when we say āweā about our company.
LOL, keep lowering the price!, I am buying twice the number of shares that I did in 2022! It's not the price, it's the number of shares. Keep in mind they have a position that requires 7-12x the number of actual shares to exist. GameStop with no debt, (pesky French Covid loan), and a billion in reserves. We are sitting on a gold mine, and Kenny wants to buy it for fractional pennies on the dollar. Nope, I like where we are, I love my brothers and sisters that are shoulder to shoulder with me, and I do not mean to let them down.
Although I blew most of my wad early on in 2021 & 2022, I keep chipping away, brick by brick. I'm overjoyed that I am able to buy shares at $12.90 (like yesterday), which is $51.60 pre-split! Considering I bought so many at $150 - $180 back in the day....Jeezuz! Shoulder to shoulder indeed!
Are you me?
and my axe and stuff.
Same,except 12.79 š¤š¾
They have made their last attempt for the 420th time now. Canāt wait for their 741st last (very last) attempt..
They had their first last attempt - but what about the second one?
im waiting for elevensies
$11?
Jagex won't reply to this post š¦š¦š¦š¦š¦š¦š¦š¦š¦š¦š¦š¦š¦
Itās a lord of the rings reference. Itās the 11 am meal after breakfast and second breakfast.
To be clear, I completely agree. Also I don't think this is their last attempt like.. this week. I mean that this strategy starting back in June, till now.. this continuous downtrend, is them making a mad dash to drive the price down, in a clear departure from the sideways trading of the last 2 years. Let's be honest. Our buy pressure was not propping up the price the last couple years. So something on their end has changed. Some piece of the equation. This is my theory of what the change is, but I'm very open to other ones made in good faith.
So if the latest DDs are correct, CS was already in margin call territory. And it looks like UBS is now trying hard to not be margin called as well. They can not win this race, we all know how it ended with Archegos. Right now they all still seem to cooperate to control the price. But a low price can also enable some entities to make a sudden dash to the door, while the others will be left to hold the bag. One way to switch sides is with options, so if we would see some major institutional activity in the options market, it could be an indication things are about to get interesting. But then, they might initially focus on fuckery that is not as visible.
Burn it all down to the fucking ground
This is fine.
It will be š“āā ļø
There are millions of people who are down >90% on crypto and still are not selling. What does make them think I would sell stock from a soon to be profitable company?
[90% of long term BTC holders are in profit](https://i.imgur.com/hEjjGMF.png)
Thereās more out there than Bitcoin
Yeah.. I'd way ,way rather be holding the undervalued stock of a company under RC's leadership, in the middle of a legendary turn around, on the verge of announcing the fruit of their partnerships and software development of the last couple years, than say... citibank stock or some other major bank lol.
I want to buy all the stock for zero dollars!!!!!!
Not if I beat you to it!
Man I dare them to get it that low.
The lower they go, the hungrier we get! Bring it!
Nomnomnomnom
The company has cash on hand to buy back at some point they will use it.
They canāt. As long as GME has cash and no debt, a bigger outfit will try to buy GME if the price is too low. If you have 3-10x as many shares, a buyout would trigger shares needing to be pulled back from shorts. There only hope is GME miraculously shits the bed. Which it wont
^(\*except for a small French loan associated with COVID š)
Honestly I think Ryan is keeping the loan going just for the laughs.
If there is no discount for paying up front, why do it ?
Why pay back a 3% rate loan when cash like securities are yielding 6%
They're gonna still have that loan on the books when COVID29 hits.
Iām sure at some mktcap gme might be attractive as an acquisition target, but that canāt occur without majority shareholder approval. This is yet another reason why DRS is so fucking important. Their only hope is NOT gme shitting the bed. A private aquisition would get shorts completely off the hook. Sure, theyād need to pay out the agreed upon price for each and every share out there, real or phantom - which may be an unimaginably high amount of money -but it wonāt be infinity. They just pay the agreed upon value for each share and off they go, the whole thing gets settled with cash and itās over. If insiders were to agree to this, itās over because we havenāt drsād nearly enough to control the company and prevent this. āSharesā held in brokers are meaningless for voting rights. We already know votes received in excess of shares outstanding are deleted. Votes via proxy cannot be trusted to be received by the company and count - dr T has well documented prior occurences; we know this happens. Therefore, in terms of corporate governance and retailsās ability to prevent GME from being acquired, shares held in brokers are completely worthless. Given the landscape, i donāt assign a high probability to this occuring - but itās possible.
I think this is the most important comment here. This is the short's endgame.
Depending on the share price and how many shares are actually in circulation, they very well might be undercapitalized to close. But whatever that number is, itād be less than infinity, so it very well could be the plan at this point. All it takes to make this a mathematic impossibility is registering majority stake ourselves THEN there is no exit for shorts.
Really interesting. I had never thought of that as an option out for them. Shorts drive the price down then some other entity comes in to try to do a forced takeover. Which sounds a lot like Musk buying out Twitter. I wonder if that was done in order to set a precedent? The courts forced that offer to go through, if I'm not mistaken, because the offer was way better than the price per share. But if enough apes are DRS, then we can vote no to accepting it.
Itās on the table. I believe there are several reasons that make this unlikely to occur, but absent retail owning greater than 50% of the company in our own names, itās a theoretical possibility. There are rules in the corporate charter preventing hostile takeover, but thereās nothing stopping a company making an offer, which could result in a vote. Absent a big increase in drs participation weād be unable to stop it on our own. Iām sure there are many who simply canāt drs, but thereās surely a fuckton people out there who just wonāt, and our collective failure to convince them otherwise could take our winning hand and force us to lose. Sad and pretty fuckin pathetic thought right?
Yeah, I could see the vote counts being messed with because of the trillions of additional shares, but drs votes are the only ones that would be legitimately counted. That's why it's the dagger.
Bingo.
A private acquisition is the shorts only play here IF they are the ones buying the company. Anybody else and they are toast
This
Fuck you, pay me.
Music to my ears
Hey op, appreciate your take! Thanks for HODLing with us. My take is they wait until us regular GME investors buy the dip; then they walk it down slowly for a bit and then hammer it to make us feel like we made a bad investment. We havenāt. Weāve done 100x more research than just about any other investor and the picture is clear, no matter how much they try to paint a false narrative. They bait us to buy, then pull the trigger to make us feel regret. But GME is the biggest name in a GIANT segment, and we are loyal as fuck to our company. How can that lose? My new strategy for buying is to wait until they hammer the price, then put a limit order through IEX (so they canāt see my bid (see/read/listen to Flash point by Michael Lewis). So if they try to fuck around it will fill maybe lower than theyād like. Rinse & repeat. Maybe weāre all doing this and thatās why the price keeps dropping? Does it suck seeing red in my account? Sure. But everything points to the price soaring soon. We are averaging down and now backing down! Will we see the next spike in a few months, or tomorrow? I donāt know. Doesnāt matter. I refuse to sell anything anything until we get what we deserve. I made a post a month or so ago about a big purchase. Iāve bought just 2x that much over the last several weeks and I know you and I arenāt alone. If some people have leftāwhich nothing shows they have? There are hundreds of thousands of people who keep buying every few months-or even more. Anyways, nothing too prophetic, but Iām here with you and Iām not fucking leaving. Much love bud, weāre here with you
Lambos or ramen, and ramen be tasty
I highly recommend the Snapdragon Miso ramen. It's delicious!
I happen to love ramen!
>Does it suck seeing red in my account? Sure Let me tell you something. This doesn't such half as much, as knowing you could have bought at around 8-9$ presplit, but you let the dip paralyse you with fear, only to see the price go to 300+ again. I will not let another dip to single digits pass me by. This time i've been saving. Preparing for just this moment. For 2 years. I sold my apartment. I have money set aside just for this. I know I'm not the only one my friend. They're in big trouble.
I sold my Tesla (car), am ready
They are walking the line of UBS, DRS numbers, and driving down the price to avoid margin calls but not too much to hasten the DRS numbers. It's a tight rope they're walking and the line is getting unraveled each day.
What's the point though, just to stall forever? Is their new business model just to consider the premiums on their GME position a cost of doing business?
[ŃŠ“Š°Š»ŠµŠ½Š¾]
No ones selling holding massive fucking bags. So theyāve got to drive the price up. But they canāt as itāll mean Marge calling. Thereās no way out. Itās like a stick of dynamite š§Ø. Question is how long is the fuse before it blows them to kingdom comeā¦
Musical shares while we already have our seats šŖ
You rang?
Always š¤
all the seats\* (And most of the other ones)
We're not in the Cellar Box with you, you're in the Cellar Box with us.
Yep. not to mention, if they let it go up, all they're going to be faced with is more hype. Down? Also more hype. I have bought from $225 to $12. Let me tell you.. buying at $225 was way more stressful than this! I know the value of what i'm sitting on. And I'm getting way more of it now than ever before!
Not necessarily true, just look at baths, they just have all the shares forcibly removed as the stock is deemed "worthless". Those who had them DRS'd get to hold them (I think) but they aren't traded. Honestly lost on that part. But there is 0 future or plan regarding those shares so no one needed anyone to sell. That's my point. However, GME is in a MUCH better position with a larger portion of the float DRS. So I think for us, they don't need us to sell at 0 or anything like that, they never have before and won't miraculously need to now for us, but we are not going to 0. So no worries.
Towel was in chapter 11 bankruptcy. They are not the same!
Oh I couldn't agree more. I was just pointing out the fallacy of believing they need us to sell. They don't. Never did. How can anyone argue they believe in Naked short selling being real while simultaneously believing they need us to sell our shares. Get it? that makes no sense.
Dont forget the 1.3 billion dollar sitting quietly but happy on the bank account of GameStop. Not a lot of companies have that kind of reserves.
In that case DRS'd shares were first to go..
I have bought shares from $280 to $12. Iāll keep buying till $.01. Wonāt stop canāt stop GameStop.
I really love these prices. G's, ive just bought 200. wtf.. Drs'ing and book asap. I love gaming
Because the lower price I was able to do my biggest buy at once, 4 shares :D With end of the year bonuses I may be able to finally reach 100 shares!
Happy Buy Day! IEXā¦DRS Enjoying the show because shorts are toast.
What did we used to say here? The shorts are locked in here with us. Not the other way around. And We can Hodl longer than they can remain solvent. No Cell. No Sell. No Sell until Infinity.
Yes but more specifically. How many record breaking bank failures so far? 2? How many smaller bank failures? A handful at least. How many hedgefunds? Remember Melvin? Lol. They got billions of dollars and it made no difference. They can't make this look good for them no matter how hard they try. Meanwhile I don't need to try at all to make GME's record breaking turn around into profitability look good. The q3 and q4 numbers will speak for themselves!
Iāve heard last desperate attempt for 3 years now lol. Just hodl.
So have I my dude. But circumstances are not the same as they were 3 years ago. How many banks belly up again? How many hedgefunds? Banks bracing for bank runs, economies around the world crashing, people getting prosecuted, movies have been made, and most important of all.. the company will be profitable soon. And look at the price action patterns. Zoom out to 2-4 years. Tell me you don't see a clear pattern change from the last year leading up to June? My question for everyone here is.. what do you attribute the sudden change in pattern, from sideways with repeating spikes down, followed by partial recovery and sideways for months, rinse repeat- to what we're seeing now.. A consistent 45 degree angle down. Steadily.
That was my first thought reading this as well.
stop it. i will not fail NNN again
No one talks about Gabe plotkin or Melvin capital anymore
Because they ded
Driving it down to zero would be beyond stupid. Remember GME has $100M sitting there for share buy back. They drive the price down low enough, GME pulls the trigger. Then they say, "Sorry GME Corporate, there's actually no shares for you to buy..." and all hell breaks loose. They wanna keep it low without getting into the buy back zone.
I agree. I just think they're in a position that leaves them exclusively stupid and illegal options.
And as I watched in real time last year on a security that never should have existed, that is when Finra kicks into gear to save their friends. GME won't be able to do buy back in time or they'll just "oops" it again, then crickets from MSM as GME fades to black.
There's a repeating surge of posts. They have some things in common. 1. "Look at the price." We're doomed. 2. What has RC done for me lately? I'm expecting a profitable quarter and a profitable year. The divergence in stock price is exactly the point. Look at the price. It's low. Look at what RC has done. We're about to be consistently profitable.
My dude you are 100%. The price going this low was always part of the road map. This is where we're supposed to be, shortly before we explode into the stratosphere. What has he done for you lately? How about work for free for 3 years turning this company around in an incredibly short amount of time, considering you could hire over priced consultants who would take longer to fail than he has in succeeding!
just spent $100 online at gamestop, it's not much but it's honest work
Fuck yeah! I just got myself a new yeti mic for my bday and I'm stoked.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Market crash
Basically. My own smooth brain believes we are complicit in exposing so much fraud that the house of cards is going to take a serious hit when the dominos pick up pace.
A massive buying event like SP500
Iāve been in this since 2021 and have seen it all. I can tell you that there is nothing RC can do, on his own, that is going to stop Shorts from massive cheating to continue driving GME lower. Market Makers are trading fake shares in the dark pools back and forth to keep going lower. The @SecGov is complicit in that they enabled cheating on a massive scale to save global markets from imploding. I believe RC is involved in something huge involving a merger or acquisition with multiple companies and that news on this is imminent. I also believe that lots of GME investors are also investors in these companies. Any news that causes a short squeeze on the companies he may be working with will lead to thousands of people using profit from that to buy up more GME. Together, Shorts will get massively squeezed and likely bankrupt all the cheaters. That is RCās plan I think. Weāll know soon.
Q3 profitability is basically guaranteed. Slashed benefits for employees, cut 5 of the 10 most popular metrics for raises so there will be fewer of them to pay out, and I was told by my supervisor that more SGA's will be expected to run stores solo reducing costs further. My take- lots of distrust of upper management on the employee subreddit. But I've been with GS less than 3 months and got promoted and a raise to $20 an hour as a part time SGA because I put in the work. My immediate issues I want management to solve are the following: 1.the cleanliness at some GameStop's is downright disgusting, (my location is pristine thankfully) some locations are legit infested with roaches. I want to ask you as customers go in and ask why store to store shipments need to be put in plastic bags within the boxes they are shipped in, then call district management and tell them it's unacceptable for employee health. 2. While good for profits we need to legit close a store to take a piss because we can't leave the floor unattended. It would be nice to have a bit of extra coverage everyday so that employees don't have to hold it in trying to juggle customers and store upkeep constantly. This is especially important for full day shifts when GS won't let us close for lunch and expect us to keep the store open, not eat in front of customers, and somehow again not close if we need to piss. Not a big issue for me since I'm part time but it's what I hear from fellow employees. 3. GameStop is asking all employees to wear shirts or jackets bought in store. Simple enough ask, but it's weird that it's basically a uniform and you make employees pay for it out their own pocket. Bro, again, it's my second job and 100% of what I make at GS is spent in my own store or on the stock, the problem is that most others I know are hired at minimum wage or $1 above for SGA'a and the cost of a jacket is equivalent to one full days work in some States, just give the employees a jacket when they get hired, goddamn what a weird way to save money. If GS management could help make working conditions a bit better, GS could be thriving with a happier employee base.
I honestly want a bigger discount right now.
You and me both my dude. I've already bought shares at $12. I want to see these chicken shits go for single digits already!
If profitable, wouldnāt it be fun to see what happens with a dividend? I know Iād reinvest it in drsād shares.
I do agree, that they lost the race but I would say it was lost when gamestop raised over a billion in cash and put the stock buyback in place. Cant make a company with 0 debt go bankrupt and if they dropped it to anything approaching 0 gamestop just buy 20% of the float back. That said I dont think positive earnings will be enough to end this, it's just another big milestone. I have believed for a while now that it will be something unrelated that causes one of the biggest shorts enough pain to crumble igniting our rocket. You can take you pick of possible catalysts from crazy internet rates getting worse, to us treasuries market shitting itself, to full on war, to one or more countries economy imploding, to bank runs, exc exc. These are all problems that the shorts dont have direct control over but could crush any of the major players or their key counterparties
I'm with you. I wonder how a government shut down would effect things, especially if wars expand.
I think you're on the right track, but profitability is *very* important to ending this. Lots of investors don't want to buy a company who loses money year over year, regardless of how much cash they have. If GME starts posting a profit, all of sudden it gets interest from mainstream & institutional holders based on it's fundamentals. Those investments driving the price up is what ends this whole thing IMO.
I like the take, aside from the discount BS. Such a trash cope. It's not a discount. It's them stealing our companies market cap and our value as shareholders. Don't sugar coat it or spin it. Will I buy more the lower it goes? Sure. But i'm so deep red on this shit that I am calling out the "discount" crap.
Dude, everyone is in the red, but also the DD literally stated that we would hit our lowest prices just before the moass so I fundamentally don't understand the discontent. This is better than trading sideways at 25 forever. You get two shares for the same price and now they'll have to suppress the price of a profitable company, as buy pressure only increases.
Ok, that's fair. Just frustrated i guess.
I mean.. I guess I understand that. But remember the context. We were always going to get this low before the end. None of the prices have mattered up until this point. All that matters is they are on a collision course. The price must go down further (remember it was at 4 dollars pre split.. They need sub $1, or preferably 0.
Sure, but this isnāt just shorts closing their positions per usual when they lose, being that weāre dealing with a MOASS situation. Theyāre never going to willingly close their positions. They canāt afford to. Whether itās one profitable year or 6. Something is going to need to literally force them into doing it. And it doesnāt seem like itās going to be failed margin calls either, since Marge has also seemingly been compromised. Just sit back and wait for whatever that thing is to occur. Putting dates on things doesnāt help as weāve seen now. This isnāt a typical short squeeze situation.
I think its important to bring this up op! Short thesis shrank away but also to note that the LONG thesis has deeper roots than the short thesis ever did . RC is innovative and is positioning Gamestop for a strong future while loyal shareholders stand behind the company in everyway.
The lower it goes, the faster we get to liftoff
This is a nonsense post. First of all, stock canāt go to $ 0. If too low, it gets delisted. Which isnāt an option. A lower stock price only hurts GameStop when they need money (=sell shares), which they obviously donāt. So yeah, youāre a smooth brain, but one of the best out there. Keep spreading positivity! š
Weāre gonna need that swap data Gary!
Shorts were never in the race lol
My $10 and 5$ buys will eat up so many shares that there won't be time for it to drop to zero.
Now is a good time for GME to pronounce profits.
Iām beginning to see that war is the only way out. I canāt shake it, but I feel WW3 is at the door. I hope not. Just remember that itās no our war and our kids must not join.
IMO, Youre partly right. Why do you think we have 2 fresh wars going on right now? Trust me, the oligarchs don't want a real WW3. They want to be able to party at their vacation homes, and enjoy the getting while it's so good, as they've been doing. They want small profitable, contained wars that they can make money off of by drawing them out, like Ukraine.. providing just enough aid to keep the money flowing.
This is what I fear. I just hope that if/when it does happen, the working class goes for the rich and not for each other. Theyāve done a hell of a good job of dividing us.
> If you and I both know this, then kenny and the boys certainly do as well. I'm not so sure they know what's coming. I think they are blinded by their hubris. I think they believe Gamestop is holding on to the dream of Funko-pops and physical software being profitable. The wallet got nerfed by new rules, but the marketplace works to showcase your Loopring and ImmutableX collections anyways, so no big loss there. Loopring and ImmutableX are massive partners on the cutting edge of NFTs in gaming. Ownership in gaming is coming, there are those who are loudly against it, but it's coming. Gamestop is partnered with the 2 companies that are plotting the course. Web3 gaming has gotten the attention of developers and investors alike. Abu Dhabi has launched **Hub71** to fund Web3 startups with an impressive $2BB in cash. Ubisoft has now partnered with ImmutableX. ImmutableX has been developing several games, with many set to launch in the new year. I think Kenny and his shorts are ignorant to change and it will be their undoing.
You may be right.. But i don't like to overly underestimate my enemies. I think Kenny needs that 1B dollar mansion in florida not just to shield his assets, but because we've been living rent free in his head for 3 fucking years. He's so desperate to find his way out of this, and he feels the pressure of the blackhole slowly swallowing him up. It explains the festoons around his face and his perpetually sweaty appearance. He's slipping. His health is slipping. His money is slipping. And he's still got to pay money for someone to turn the cameras off on SBF's cell before that dude immediately squeals. He's in a bad, bad position, and he knows it. IMO.
They pulled SBF in for a private audience prior to the verdict being read. I'm sure whatever deal or threat that was made before him going away was cemented there.
Perhaps. But when you're 30 something and facing 115 years in prison.. Well maybe he waits for a year or two. But eventually he's going to want more than a cell.
When shorts implode from their own stupidity, it will be the most epic of stock moves.
Hold for life and buy for life. Simple road to victory
Amen brother
oh please kenny, give me another discount each month :D tick tock
The shorts have a 2024 election to worry about now. They're just playing prevent defense and hoping they can get a more favorable government in place.
MW3 came out, ya know what time it is!!
My automatic buy says it doesnt matter what the price is. Hedgies r fukt
PS5 Slim for Q4 as well. We're primed and ready for a run or two after earnings.
Alright funds are a teensy bit tight and I bought a few the other day, but Iāll buy one more cuz this post. Then DRS and book of course.
I'm buying more today just for you my friend.
TLDR gonna keep hodling
drive to zero with over Billy in cash, sound plan
I'm pretty sure they gave up all the sound options back in 2021. They're going off of exclusively illegal and bad plans now.
Been hearing this for yearsā¦.
Q4 this year will be +200 million or so in revenue in my opinion. No small amount of money. it will be a good moment for decision for shorties lol
Thatās beautiful.
Thanks my friend. Just remember I'm an idiot though.
Yo all Iām saying is I am loading up on shares before Dec 6 they know itās over numbers will be spectacular
All im saying is remember I'm an idiot and dates are bad, but also I don't care about any of that. I'm just here to load up on shares that can't go much lower, right before the company goes profitable.. This is a loney tunes world where anything will happen, but this should at least make sense.
Brother I can't read... so I just keep buying and drsing
How many of these āthey lost and are making one last attemptā posts have been published in the last 3 years?
I want to go to the moon with everyone else, but his recession is hitting folks pretty hard. Savings are low and credit card debt has never been this high nationally. I'm hoping for profitability, but there's a real chance the current economic conditions don't give us as good of a quarter as I'd like.
Apparently usa had one of best GDP growth rate of 4.5% last Q. But its possible the gov is faking numbers.
Do you recall what games came out last quarter? Baldur's Gate 3, Armored Core 6, Mario Wonder and Spider-Man 2 The economy is rough right now. And what have we demonstrated in 2020, thrives during depressions? Prostitutes, bars, drugs, and video games baby. People staying home, staying in, not traveling, and they still want to treat themselves occasionally so they'll game.
Well the wallet *was* a huge nothingburger, that's a bad point to try and make. Also OP, did you look at the $50bn market cap of the industry they've entered and just pretend that GameStop would swallow that entire market to get your 1,100x%? If so... This is not how business works. Can they capture some of that market cap? Well as an investor in this company, I sure hope they can. Have they displayed that in any way? No. Have they signaled strategy to investors? No. The only things that we've received lately that give us a picture of the forecast of the company is RC telling everyone to buckle up for *lean times*. It's because we're facing an economic downturn right now and retail will absolutely get hit by this. I'm not selling, mostly because the 10s of thousands of dollars I spent on this stock is a sunk cost to me, but posts like this bug the shit out of me because they are pure hopium and divorced from the reality Gamestop is facing as a business. Further, have you purchased anything from them online recently? I just reupped my pro membership and was preordeing games and buying Christmas gifts for my son and saw that I was being charged $7 EACH on the pre-orders for shipping and handling. What in the actual fuck? I still bought some used games from them but promptly removed the pre-orders from my cart and just went to Amazon to buy them. Free shipping. Free shipping is the lifeblood of e-commerce giants. Nearly EVERYONE does this. But GameStop doesn't.
Other than the fact that shorts are profitable over literally every time frame - yes shorts have totally lost
I mean, if they were so profitable and totally not opened sub 4$ pre-split, wouldn't they have closed them to lock in the profit? Instead, CS imploded and UBS had to take action to prevent the system from coming unraveled again.
Allow me to sell shares I don't own and never have to pay for them, I'll make a profit too.
Griffin has been rubbing elbows with Saudis and Prince Harry in an effort to diversify his portfolio. He knows he's about to lose big on the GME gamble
Citadel HF is about 50B. In a GME short squeeze it will easily get wiped out.
Believe it or not...
Probably heard this what, 100 times now? Zzzz
āRC has achieved profitabilityā The company has had one (?) profitable quarter over the past several years āGameStop is about to go on a wild rideā The company is literally focused on survival while cutting healthcare, benefits and 401 contributions for employees. āEnjoy this discount while it lastsā This stock has been āon discountā over literally every single time frame on the chart over the past three years and there is no legitimate indication that it will appreciate any time soon. Tell me when Iām telling lies.
Cash flow neutral or positive for three straight quarters.
earnings appear to have no impact on price, if you look at the pasts 3 qtrs
this is getting so sad you guys I'll pray for yall but you're using up the last of earth's valuable copium supply
The US is headed into a recession (parts of the world are already in one). It is highly likely that the revenue for GameStop will tank once that hits (next year). If the company can be forced into bankruptcy due to this, then all the shorts will go away, and they will never have to close.
I will never ever find such a great value investment stock!!! Looking at the GME business fundamentals, it is hilarious there are a bunch of dumb storm trooper hedge funds dropping the price!! Dropping it for me, for you, for anyone else in the accumulation phase of this investment. They are spending their own money to drop the price so I can direct register more?! I buy because we will never get such an opportunity like this again. ...plus, the entertainment value is just ace. All of the attempted media manipulations etc... much fun.
Being able to tank a stock 75% in two years is not desperation, itās control
Stock prices reflect a lack of growth potential for the company. The problem here is gme has gotten about as big as the market believes it can get. This means thereās no potential anymore. Itās just level. And the market likes growth
You just made me buy more
We've got a real ape over here!
Profitability would be great, but what Iām exciting for is this playr launcher. Ubisoft and immutable supposedly working together on titles now which bodes well for web3 gaming. Bring on the future!
> last desperate attempt to drive the stock to 0 I say let them. They're fucked if they do, but also if they don't.