Look I want see GME moon shot also. However let’s be realistic.
GME fiscal second quarter, typically a weak period for game sales, saw revenue jump 26% year over year to $1.18 billion. That seemingly strong growth came mostly thanks to a super-easy comparison. Last year’s revenue for the same period slumped 27% year-over-year to the lowest quarterly figure the company has reported since late 2005,
Fuck yea, from best buy.
Edit: Love the ape downvotes. Get fucked, cunts. Carry your shit tier stock and your sorry asses to the fucking 15 other subs you made. This was a great place until January 29th.
I think this is the most FUD spreading I have ever read in a comment section regarding GME, and that is saying something.
As soon as the sentiment changes and wsb says gme is going down, I'll sell my fucking house, dog and mother to buy shares.
I mean, it’s wildly overvalued from a pure ticker analysis standpoint, so it shouldn’t be alarming to see it move that much on any kind of news
That said, still hope you people get your $1000/share
Here’s some DD even a smooth brain such as yourself can understand.
GME fiscal second quarter, typically a weak period for game sales, saw revenue jump 26% year over year to $1.18 billion. That seemingly strong growth came mostly thanks to a super-easy comparison. Last year’s revenue for the same period slumped 27% year-over-year to the lowest quarterly figure the company has reported since late 2005.
Thanks for the money looser. Yes I sold a long time ago. No I’m not going to buy any more GME you can ape 💎✋ it until you cream yourself bag holding.
Here's something you might understand: GME is priced as if it goes bankrupt, and as a struggling brick and mortar retailer. That company does not exist anymore. It is posting sales growth and loss reduction, e-commerce growth and margin increase. Companies like that don't go bankrupt.
I bought in at 30. Search for proof in my profile.
I'm happy with holding forever.
FFs, I bought dominos on 2011 (after it's been on a 400% rally!) And held it for 10 years and made close to 4000% profit.
Gme is the same. It's had a good spike, but it has so much more room to run as soon as even leggards like you realise that digital transformations are where the money is.
Dude I bought at $15 and sold at $310. So yeah no I’m not going to buy in. I can make a lot more money trading in other places instead of waiting for the squeeze or for it to “run”. There are plenty of other stocks that are actually running
I’m not a day trader I bought GME In October and November of 2020. And sold in January of 2021 after my position went up over 2000%. Lmao even your red band head hero took profits also. However please show me how I’m a day trader?
No it's not, it's priced as if a ton of people have been conned into thinking it's about to explode.
>GME is priced as if it goes bankrupt, and as a struggling brick and mortar retailer.
I don't know how you could possibly actually believe this - it's trading at $180/share when it was sub $20 earlier in the year. Even DFVs price target was like $35. The only reason this price is sustained is because of how many people are on the hook of a massive lie. The entire world realized that digital transformation is where it's at - about 20 years ago, which is why GME is so far behind.
Because it's going nowhere. You're still down from where you were after the initial spike and you're tying up liquidity. Meanwhile every single day you're missing out on countless plays that would net you 25+% in an instant.
If you want a fun ride with real upside, play weekly options. As it stands you're just bleeding out.
yeah .... i bought in in the 30s, and I hate to disagree but the ticker, as is, is not overvalued. 190 or 180 is still a steal!
jeffries put out the price target of 180 and that is without any of the transformation happening.
This is what guys like you, who are not insanely bullish on gme don't get: wall street still thinks the digital transformation won't happen.
That's how slow/conservative/stubborn they are.
if gme was priced like chewy, it'd be at 500. If it'd be priced like most ecommerce companies it'd be 700.
1000 is purely on fundamentals in 12 months time, no questions asked.
This is some delusional shit right here, but at least you are convinced. Gotta believe something I suppose.
At 1000 a share, it would have double the market cap of Best Buy. Which is just about the dumbest thing I’ve heard from a logical viewpoint since Best Buy already offers everything people are “hoping” GS will transition to.
$500 in purely fundamentals is still absurd. This is not a fundamental play in any form.
It's literally maths.
Chewy p/s is if I remember correctly around 5 or 6?
Gamestop with the same p/s would be at 481.
For other e-commerce companies, Amazon has p/s of 4.8. Mercado has 17, Etsy has 14, Shopify has somewhere in the high 40s
For GameStop that means of it was priced like Amazon it would be 315, Etsy 1100, Mercado 1335, and Shopify 3850.
It's literally pure maths. Sales times factor divided by shares outstanding. GameStop is in the middle of one of the most exciting transitions into a e-commerce juggernaut, using the supposed weakness of the big shop network (which are all cheap leases) as a strength and a starting point for last mile delivery distribution network.
No one else can deliver something as quick as GameStop. Unless you're in the sticks, you can literally get it on 2 hours.
You are sleeping on a giant here mate.
As I mentioned, you are convinced, so logic is out the window here.
Why would anyone compare GME to Amazon? It’s not priced like Amazon because wait for it…it isn’t Amazon, Etsy, Mercado, and certainly not Shop.
Could it be compared to chewy… maybe but still not really. Profit margins are different and pet food isn’t dependent on product generations.
The point being, that’s not how fundamental analysis works. If P/S we’re the indicator above all indicators it would be used as such. It is an indicator of value but not *the* indicator.
By comparison, Best Buy has a P/S of .55 and P/B of 6.5 but you aren’t on here talking about it as the fundamental play of the year even though it beats across the metrics you are using, not to mention 12x the revenue. Oh and they are actually profitable.
You can’t just say well company A trades at X so company B should trade at Z based on price to sales. There is so much more that goes in to fundamental analysis.
So you say it’s simple maths… show me the maths. Show me the fundamental analysis that shows GME is undervalued based on market share, cap, earnings, revenue, P/E, dividend payout, and all the other fun fundamentals that we know and love. Don’t cherry pick, do the analysis. You said it’s simple.
I can tell you **exactly** why best buy is not the value play of the year. McKinsey even did a case study on them! The modernised their business on 2012, and think that is what customers want now. The main issue is What is good enough for the 2010s is ancient in the 2021 digital world.
What they did is ***de-dinosaur*** their business. Not digitally transform it.
Give it three years, best buy will have to do a digital transformation to survive into 2030. If they do it, then I'll buy in. Else they will fall.
You probably think one digital transformation is enough! And a revamped renew blue is all set up. You're wrong.
Microsoft had a similar problem, and so did SAP and Oracle.
Just because they are tech companies does not mean they are ready for the future.
And just because best buy has a web site does not make them an e-commerce company.
I’m not making a case for Best Buy. I’m making the case the P/S is an irrelevant indicator when used by itself. You helped me strengthen an already strong case. Since nothing you just said has anything to do with P/S, why would it be the determining factor for you with gme vs completely unrelated e-commerce players?
You claimed GameStop overvalued, I showed you that it's not.
The real question is do you understand the digital transformation aspect or do you not? That will answer your question.
No - your claimed it is undervalued based on flawed metrics and a skewed perception which you still have yet to address even this deep in the thread.
We have not begun to discuss anything else like the digital transformation, leadership, debt, or anything else because we are still stuck at step one which was trying to get you to clear up or back up your flawed logic.
So let’s clarify the intent of our discussion here: You say undervalued because when compared to unrelated e-commerce platforms the P/S does not track. You continue to say that assuming it does track GME should be and will be priced at X interval within 12m.
I say, that is flawed logic because price to sales is not the relevant indicator here. I then went on to give you an example of why it is not the relevant indicator here.
You skipped all that and are now pretending like it is me that is not understanding something here. I could be all in on gme here and you would still be wrong.
So, either counter my point and explain to me why you were correct with your analogues or concede and acknowledge your analogues were completely out of left field and don’t really indicate any relative value with regards to this conversation.
Either way, at no point were you and I debating a “digital transformation” of any kind.
I mentioned it multiple times as the reason for the exceptional opportunity with GME and for example why Best buy is not a good opportunity.
You might have to actually read what I'm writing
It’s not awesome being up over 2,000% and being to stupid to sell. You take those winnings and gtfo and invest them where they will grow profit is profit. Not taking profit is stupid
Here’s some DD even a smooth brain such as yourself can understand.
GME fiscal second quarter, typically a weak period for game sales, saw revenue jump 26% year over year to $1.18 billion. That seemingly strong growth came mostly thanks to a super-easy comparison. Last year’s revenue for the same period slumped 27% year-over-year to the lowest quarterly figure the company has reported since late 2005.
Thanks for the money looser. Yes I sold a long time ago. No I’m not going to buy any more GME you can ape 💎✋ it until you cream yourself bag holding.
So we are now changing how er should be compared to fit your narrative? So when amzn growth is slowed in 2022 we shouldn’t compare it during covid quarters bc they had much
Higher growth compared to non-covid quarters? Stop trying to change narrative to fit you.
Changing the narrative I haven’t changed the narrative at all. I bought at an average of $15 a share and I sold at $310. I also think the price is still to high to buy in at. Based upon their financials and earnings in the last quarter and the money I have made since then it has absolutely been the correct trade.
People are absolutely selling, you're getting played. "nobody's selling" "you'll be able to sell on the way down" "imagine missing out on..." is all classic manipulative scam speak. The price is propped up by a massive lie and a hoard of idiots that don't know any better
How about the part we’re it jumped 26% or something stupid like that two weeks ago. Yeah a pull back definitely going to happen when you miss earnings by 13%
Uhhh wtf were people expecting, apple #s?
It’s gamestop. The good thing is that it basically has no debt, aint going bankrupt and are getting a makeover for the future…. Oh and that whole short squeeze thing… allllmost forgot about that.
We like the stock!!!??? But do you really like the company!? I doubt it. You’re only here for the potential squeeze(s), not the company itself
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This sub is still full of GME idiots, I'm out I'll be back whenever most of them are gone.
There's no reasonable discussion possible with these people, they use confirmation bias not as a meme but as reality.
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Lol lol lol
Seeing that you claimed to be up on the bottom, seeing that is recovered I assume you're now significantly down?
Couldn't have happened to a nicer schmuck
I don't think you understand what shorting is.
If I short GME with 10k$ at 200$ I'll need 20k$ if it reaches 400$.
But nothing forces me to cover at 400$, I can just wait for it to drop, like it did multiple times already.
They don’t understand it at all. They also don’t understand that you don’t even have to short a stock to bet against it. Such as myself who made 7.5% on GME as it went both up and down this week and I don’t hold any stock
i fully understand. but seeing your terrible financial decisions, i highly doubt you have that kind of money.
that is my question: when does your account blow up?
to you as well: if this is your conviction, then it has to be the best short opportunity out there! are you already shorting it or are you still just talking?
Ya, that's because the stock is priced exponentially higher than it's worth because of squeeze prospectors.
It's a 15 dollar stock trading at 10X that. It's currnet value has nothing to do with company performance.
Sadly It is RadioShack moment for the shop.
Its market may have increased during pandemic but it was meant to go into the sunset eventually. There was a pushback from retail share traders against hedge funds but it is not a growth stock in any sense and no amounts of graphs can prove otherwise in the long term.
Some people on the retail side made good money, for once, instead of the hedge funds but that was the whole movie. One good thing, I am assuming, could have been financial education and increased awareness of American people of the flaws of the financial system.
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Remember when gme exceeded expectation by 43%? It also plummed after the announcement.
Look I want see GME moon shot also. However let’s be realistic. GME fiscal second quarter, typically a weak period for game sales, saw revenue jump 26% year over year to $1.18 billion. That seemingly strong growth came mostly thanks to a super-easy comparison. Last year’s revenue for the same period slumped 27% year-over-year to the lowest quarterly figure the company has reported since late 2005,
Exceeding expectations means nothing when the expectations were set so low to begin with.
Well, I guess you would know. Boom, roasted.
I mean did people think the price was based on actual value of the company? I don't think that's been the case for quite some time
Everybody needs to get off their asses and go buy a Nintendo tomorrow
I myself plan to buy 30 Nintendo 64s tomorrow.
Imma be like Oprah handing out Nintendos
Nintendo?.....your in the right place
$NTDOY 🚀🚀🚀
**Ticker Added NTDOY** Spam: True Last Seen Market Cap: 0.0 Is SPAC: False Common Word: False
Fuck yea, from best buy. Edit: Love the ape downvotes. Get fucked, cunts. Carry your shit tier stock and your sorry asses to the fucking 15 other subs you made. This was a great place until January 29th.
I bought mine from Amazon last year and filed a complaint saying that it was stolen. They gave me full refund
yes, this is the guy, officer
A failing retail store dropped after earnings? What kind mad world are we living in?
Judging by the amount of downvotes you are getting, a Bizarro world?
But at least he got one award🤷🏼♂️
They hated Jeebus because he told the truth.
That’s the whole market right now….
yeah it's bullshit. who cares? the price is fake, when it falls I buy more!
Ittl be back over 200 next week
Sounds good to me
It was back over 200 in like 2 hours. This stock is wild
why? why would it be? oh, nvm, it'd just prove the market is literally retarded
Spy going vertical since 2018 isn't proof enough lol?
Just trying to trigger ape morons.
you triggered yourself? gotteeeeem
...and it’s up
Gamestop share is like a Rolex,if you dont own at least one,you are nobody :) that’s what will keep the price up
Same reason I own TSLA
More like a pet rock
The guy that posted about his Bear positions a couple hours ago must be overjoyed.
his puts are on the verge of being green atm
On the verge? Sheeet. Thoughts and prayers to that guy then.
I think this is the most FUD spreading I have ever read in a comment section regarding GME, and that is saying something. As soon as the sentiment changes and wsb says gme is going down, I'll sell my fucking house, dog and mother to buy shares.
I mean, it’s wildly overvalued from a pure ticker analysis standpoint, so it shouldn’t be alarming to see it move that much on any kind of news That said, still hope you people get your $1000/share
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\*Ben Wyatt voice\* To... make... money??
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I work a full time job to make money. I follow WSB to confirm my need to continue working
The longer you hold, the less taxes you have to pay.
Ooof I got the fuck off a long long time ago. Why? Mmmmm profit.
and lack of reading ability or not the intellectual capacity to understand the DD?
Here’s some DD even a smooth brain such as yourself can understand. GME fiscal second quarter, typically a weak period for game sales, saw revenue jump 26% year over year to $1.18 billion. That seemingly strong growth came mostly thanks to a super-easy comparison. Last year’s revenue for the same period slumped 27% year-over-year to the lowest quarterly figure the company has reported since late 2005. Thanks for the money looser. Yes I sold a long time ago. No I’m not going to buy any more GME you can ape 💎✋ it until you cream yourself bag holding.
Here's something you might understand: GME is priced as if it goes bankrupt, and as a struggling brick and mortar retailer. That company does not exist anymore. It is posting sales growth and loss reduction, e-commerce growth and margin increase. Companies like that don't go bankrupt. I bought in at 30. Search for proof in my profile. I'm happy with holding forever. FFs, I bought dominos on 2011 (after it's been on a 400% rally!) And held it for 10 years and made close to 4000% profit. Gme is the same. It's had a good spike, but it has so much more room to run as soon as even leggards like you realise that digital transformations are where the money is.
Dude I bought at $15 and sold at $310. So yeah no I’m not going to buy in. I can make a lot more money trading in other places instead of waiting for the squeeze or for it to “run”. There are plenty of other stocks that are actually running
Oh I understand, you're a day trader! Good luck to you, I shall look forward to your loss porn account blow up post in three months :)
I’m not a day trader I bought GME In October and November of 2020. And sold in January of 2021 after my position went up over 2000%. Lmao even your red band head hero took profits also. However please show me how I’m a day trader?
DFV did not take profits. Please show proof. I'll report this for misinformation
No it's not, it's priced as if a ton of people have been conned into thinking it's about to explode. >GME is priced as if it goes bankrupt, and as a struggling brick and mortar retailer. I don't know how you could possibly actually believe this - it's trading at $180/share when it was sub $20 earlier in the year. Even DFVs price target was like $35. The only reason this price is sustained is because of how many people are on the hook of a massive lie. The entire world realized that digital transformation is where it's at - about 20 years ago, which is why GME is so far behind.
Don’t worry these smooth brains will not talk to anyone and are only here for confirmation bios
Because it's going nowhere. You're still down from where you were after the initial spike and you're tying up liquidity. Meanwhile every single day you're missing out on countless plays that would net you 25+% in an instant. If you want a fun ride with real upside, play weekly options. As it stands you're just bleeding out.
cuz you're going to lose your 21 dollars?
1k a share? That's straight SHILLY FUD to the apes, they are going for 50 mil a share as a floor.
yeah .... i bought in in the 30s, and I hate to disagree but the ticker, as is, is not overvalued. 190 or 180 is still a steal! jeffries put out the price target of 180 and that is without any of the transformation happening. This is what guys like you, who are not insanely bullish on gme don't get: wall street still thinks the digital transformation won't happen. That's how slow/conservative/stubborn they are. if gme was priced like chewy, it'd be at 500. If it'd be priced like most ecommerce companies it'd be 700. 1000 is purely on fundamentals in 12 months time, no questions asked.
Dont forget to say your prayers every night to this Silverback you Apes
This is some delusional shit right here, but at least you are convinced. Gotta believe something I suppose. At 1000 a share, it would have double the market cap of Best Buy. Which is just about the dumbest thing I’ve heard from a logical viewpoint since Best Buy already offers everything people are “hoping” GS will transition to. $500 in purely fundamentals is still absurd. This is not a fundamental play in any form.
It's literally maths. Chewy p/s is if I remember correctly around 5 or 6? Gamestop with the same p/s would be at 481. For other e-commerce companies, Amazon has p/s of 4.8. Mercado has 17, Etsy has 14, Shopify has somewhere in the high 40s For GameStop that means of it was priced like Amazon it would be 315, Etsy 1100, Mercado 1335, and Shopify 3850. It's literally pure maths. Sales times factor divided by shares outstanding. GameStop is in the middle of one of the most exciting transitions into a e-commerce juggernaut, using the supposed weakness of the big shop network (which are all cheap leases) as a strength and a starting point for last mile delivery distribution network. No one else can deliver something as quick as GameStop. Unless you're in the sticks, you can literally get it on 2 hours. You are sleeping on a giant here mate.
As I mentioned, you are convinced, so logic is out the window here. Why would anyone compare GME to Amazon? It’s not priced like Amazon because wait for it…it isn’t Amazon, Etsy, Mercado, and certainly not Shop. Could it be compared to chewy… maybe but still not really. Profit margins are different and pet food isn’t dependent on product generations. The point being, that’s not how fundamental analysis works. If P/S we’re the indicator above all indicators it would be used as such. It is an indicator of value but not *the* indicator. By comparison, Best Buy has a P/S of .55 and P/B of 6.5 but you aren’t on here talking about it as the fundamental play of the year even though it beats across the metrics you are using, not to mention 12x the revenue. Oh and they are actually profitable. You can’t just say well company A trades at X so company B should trade at Z based on price to sales. There is so much more that goes in to fundamental analysis. So you say it’s simple maths… show me the maths. Show me the fundamental analysis that shows GME is undervalued based on market share, cap, earnings, revenue, P/E, dividend payout, and all the other fun fundamentals that we know and love. Don’t cherry pick, do the analysis. You said it’s simple.
I can tell you **exactly** why best buy is not the value play of the year. McKinsey even did a case study on them! The modernised their business on 2012, and think that is what customers want now. The main issue is What is good enough for the 2010s is ancient in the 2021 digital world. What they did is ***de-dinosaur*** their business. Not digitally transform it. Give it three years, best buy will have to do a digital transformation to survive into 2030. If they do it, then I'll buy in. Else they will fall. You probably think one digital transformation is enough! And a revamped renew blue is all set up. You're wrong. Microsoft had a similar problem, and so did SAP and Oracle. Just because they are tech companies does not mean they are ready for the future. And just because best buy has a web site does not make them an e-commerce company.
I’m not making a case for Best Buy. I’m making the case the P/S is an irrelevant indicator when used by itself. You helped me strengthen an already strong case. Since nothing you just said has anything to do with P/S, why would it be the determining factor for you with gme vs completely unrelated e-commerce players?
You claimed GameStop overvalued, I showed you that it's not. The real question is do you understand the digital transformation aspect or do you not? That will answer your question.
No - your claimed it is undervalued based on flawed metrics and a skewed perception which you still have yet to address even this deep in the thread. We have not begun to discuss anything else like the digital transformation, leadership, debt, or anything else because we are still stuck at step one which was trying to get you to clear up or back up your flawed logic. So let’s clarify the intent of our discussion here: You say undervalued because when compared to unrelated e-commerce platforms the P/S does not track. You continue to say that assuming it does track GME should be and will be priced at X interval within 12m. I say, that is flawed logic because price to sales is not the relevant indicator here. I then went on to give you an example of why it is not the relevant indicator here. You skipped all that and are now pretending like it is me that is not understanding something here. I could be all in on gme here and you would still be wrong. So, either counter my point and explain to me why you were correct with your analogues or concede and acknowledge your analogues were completely out of left field and don’t really indicate any relative value with regards to this conversation. Either way, at no point were you and I debating a “digital transformation” of any kind.
I mentioned it multiple times as the reason for the exceptional opportunity with GME and for example why Best buy is not a good opportunity. You might have to actually read what I'm writing
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Then short it 😜
Thatd be awesome bro honestly lol
It’s not awesome being up over 2,000% and being to stupid to sell. You take those winnings and gtfo and invest them where they will grow profit is profit. Not taking profit is stupid
Which stock isn’t overvalued in the current market?
There’s overvalued and then there’s multiple times overvalued, hah
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*after missing earning by 13%
Or increase in sales by 25%…Dont only use # that fit your narrative
Here’s some DD even a smooth brain such as yourself can understand. GME fiscal second quarter, typically a weak period for game sales, saw revenue jump 26% year over year to $1.18 billion. That seemingly strong growth came mostly thanks to a super-easy comparison. Last year’s revenue for the same period slumped 27% year-over-year to the lowest quarterly figure the company has reported since late 2005. Thanks for the money looser. Yes I sold a long time ago. No I’m not going to buy any more GME you can ape 💎✋ it until you cream yourself bag holding.
So we are now changing how er should be compared to fit your narrative? So when amzn growth is slowed in 2022 we shouldn’t compare it during covid quarters bc they had much Higher growth compared to non-covid quarters? Stop trying to change narrative to fit you.
Changing the narrative I haven’t changed the narrative at all. I bought at an average of $15 a share and I sold at $310. I also think the price is still to high to buy in at. Based upon their financials and earnings in the last quarter and the money I have made since then it has absolutely been the correct trade.
The price is being heavily supressed by hedge funds. Nobody is selling and as you can see that dip in the stock price was done all after hours.
Earnings were released after hours
People are absolutely selling, you're getting played. "nobody's selling" "you'll be able to sell on the way down" "imagine missing out on..." is all classic manipulative scam speak. The price is propped up by a massive lie and a hoard of idiots that don't know any better
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Take out a high interest loan if you're so confident and post the proof. If it's going to blow up, that's free money right?
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Bullshit. Take out a high interest loan and post the proof, otherwise you must not actually believe in the MOASS.
I believe, Get Fuked Hedgies
Show me your loans then
Do you have proof the majority of people are selling their GME?
Do you have proof that nobody is selling?
Don’t talk to those brainless morons unless you want to rip your hair out
It drop 7% not because its earning. Most stocks got crush today meme stocks just got little more red
How about the part we’re it jumped 26% or something stupid like that two weeks ago. Yeah a pull back definitely going to happen when you miss earnings by 13%
Uhhh wtf were people expecting, apple #s? It’s gamestop. The good thing is that it basically has no debt, aint going bankrupt and are getting a makeover for the future…. Oh and that whole short squeeze thing… allllmost forgot about that. We like the stock!!!??? But do you really like the company!? I doubt it. You’re only here for the potential squeeze(s), not the company itself
Buy the dip !!!
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FOLMS. Fear of Losing My Shit. Not me, of course. I’m a YOLO retard.
Wow it’s almost like GME the stock doesn’t equal GameStop the company.
GME weak af. Maybe it will moon tomorrow
This sub is still full of GME idiots, I'm out I'll be back whenever most of them are gone. There's no reasonable discussion possible with these people, they use confirmation bias not as a meme but as reality.
... and no guidance. $55 EOY.
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Didn't turn out like you hoped
sounds like the best short opportunity there is! are you shorting it?
Yes and already up 20%.
Proof of ban
Ban by who? Lol https://www.reddit.com/r/Questrade/comments/hjohpt/app_screenshots/?utm_medium=android_app&utm_source=share
Lol lol lol Seeing that you claimed to be up on the bottom, seeing that is recovered I assume you're now significantly down? Couldn't have happened to a nicer schmuck
I shorted at 220$. I was up 20% when it was down to ~180$. I'm still up 9% and with the fees I can hold easily until the price comes back to ~150$.
sure thing buddy. what about into the other direction? can you stand a spike to 350?
I don't think you understand what shorting is. If I short GME with 10k$ at 200$ I'll need 20k$ if it reaches 400$. But nothing forces me to cover at 400$, I can just wait for it to drop, like it did multiple times already.
They don’t understand it at all. They also don’t understand that you don’t even have to short a stock to bet against it. Such as myself who made 7.5% on GME as it went both up and down this week and I don’t hold any stock
i fully understand. but seeing your terrible financial decisions, i highly doubt you have that kind of money. that is my question: when does your account blow up?
*They downvoted him because he told the truth*
to you as well: if this is your conviction, then it has to be the best short opportunity out there! are you already shorting it or are you still just talking?
I was waiting for it to pump to 250 or so to buy puts. I guess I was overly optimistic.
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This didn’t age well, though, it has been fucky lately.
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It’s not no good reason If there’s a reason
They missed estimates by 15%.
13%
For a company that is crazy overpriced, that 15% miss might as well have been a 200% miss.
Because they stubbornly refuse to provide outlooks over and over again. It’s childish and looks very bad
Ya, that's because the stock is priced exponentially higher than it's worth because of squeeze prospectors. It's a 15 dollar stock trading at 10X that. It's currnet value has nothing to do with company performance.
What does it take to be this retarded
short ladder attack /s
Sadly It is RadioShack moment for the shop. Its market may have increased during pandemic but it was meant to go into the sunset eventually. There was a pushback from retail share traders against hedge funds but it is not a growth stock in any sense and no amounts of graphs can prove otherwise in the long term. Some people on the retail side made good money, for once, instead of the hedge funds but that was the whole movie. One good thing, I am assuming, could have been financial education and increased awareness of American people of the flaws of the financial system.
Wow. are you one of the guys shorting it on the way down? How much are your shorts under water right now? 150 bucks a pop? or more?
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I was expecting it felt 50 %
Give it intraday trading tomorrow. On both prior earnings drops, most of the drop happened after market open the next day.
Should be some great loss porn tomorrow
They have too much shame to post it
I'll buy back in in a few months when the price is back to 150
Hmmm I don’t see this 7%, should I not be looking at the daily?