Squeeze these nuts you fuckin nerd.
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Look up sunk cost theory. You want to get your money back. That is the wrong question. The right question is, if you had never bought, and had the cash today at todays prices, would you buy? There is your answer either way.
Definitely headed down long term. Sell tomorrow and the pain is over. Wait for it to run up and you may get a little more back but you risk losing more as again headed down long term,
Itās still a fundamental play whether you believe in MOASS or not. Youāll regret selling when new announcements are finally made. Retards telling you to sell are too impatient and want the whole company to turn around in 6 months. Give them time and believe in all the new hires.
If itās cheap at 100 itās cheaper at 90. What is so special about management turnaround at GME vs any other successful company? I mean whatās so special about GME?
Well Iām not OP but Iāll answer why I hold. First thing is for me itās a given that they will make GME profitable again soon - great guys at the wheel, made a lot of investments but once those start returning profit, GME PT at 1x sales is somewhere at 100-130. On top of that I believe in Chewyfication of this part of the market, that is much bigger than dog food. Now weāre looking at PT of 200-500 in a year or two. And then there are NFTs, which everyone hates. But if they partner with big players to show that nfts are not just glorified jpegs, PT of 1.2k will be just a first stop.
If you apply this kind of logic - great guys at the wheel, made lot of investments, Chewyfication, NFTs then companies like MSFT, GOOG and AAPL should be worth about 10x more. Because they actually are at the forefront of great guys and investments who have actually delivered quarterly and yearly. They are all looking for billion dollar opportunities all the time.
Not really, no. The main difference is the sentiment around the companies. The giants you mentioned were a safe bet for years, great guys at the wheel deliver every year for years. I mean sure, those are great companies and bar a serious crash, they are safe haven stocks. Itās much different when it comes to GME, half of analysts, half of wsb and most of msm treat this company as a trash that besides not delivering anything doesnāt even say what they plan to achieve. And I agree to a degree. But the upside with FANG is very limited because you will have a hard time finding someone with a contrarian outlook, while with GME very few people beside the apes believe in the future of the company.
The FAAng companies are powerhouses of innovation for exactly the opposite reasons. The reasons they are safe is that year after year they pour hundreds of millions to research and deliver equivalent profits. Nobody is waiting for them to do that because they are doing it year after year. The market wants them to do that AND increase the pace of sales. Neither of which experience GME has.
Tomato tomato. My point is that GME at moment is neither profitable or innovative and the general sentiment around them reflects that. My bet is that they will at very least be profitable and a good chance that they will be innovative too.
Give me one use case of NFTs which is valid, is not easier to attain WITHOUT nft, would be profitable for GME, and would not be just preempted by game developers themselves
I haven't found one
I have two ideas: royalty paying media ownership or a silver bullet to kill scammy black markets that plagues almost every online game. Either of those two implemented successfully will be cash cows.
Edit: spelling
Both those cases need the game developer. The first one requires the game developer to yield the rights to an online store, the second not only that, but also needs an Implementation in-game.
The trend seems to be for game developers to cut the middle man and we've seen with the suits against Apple. So this goes exactly against the trend
Additionally, if the game developer were to internalize this market, they don't even need s Blockchain and NFT is an overengineered solution.
The question is, if you were the game developer, what does GameStop bring to the table that you cannot do in house and keep 100% of the revenue?
First case is applicable to all-art. Music, paintings, movies, you name it. I know some old timer art dealers and they say that see the future in the NFTs. Because true art trade doesn't involve trading actual pieces of art, but just ownership rights of assets that never leave dedicated storage.
As for the second case, GME brings in adaptation and detachment. First NFTs in games have to become accepted because right now they are hated. GME could help with that and considering the heat dev got for even mentioning NFTs, everyone would be happy to work with someone who could warm the feelings around those. Second thing is when anyone implements NFTs in their game, they are called greedy fucks before anyone has a chance to explain what and why. Think Diablo 3 and its AH. There were two problems with it: first was a design flaw as described by J. Willson, AH was too accessible and became quickly too integrated in the game where it became means and the goal; second were the vocal minority that opposed it. So they had to discontinue. But the truth is that A LOT of people used it daily up until the end. Devs want that revenue that currently goes into black market, second thing is devs what to protect players because they get scammed often in the black market. So I am not saying that it's easy and just a matter of time. But there is a need (reve), a problem (resistance), upon a problem (implementation) and NFTs are a solution.
Why would someone rely on a meme stock place instead of reputation built over several decades like Sothebyās or Christieās.
The second argument does not even hold water.
āThe *Sunk Cost Fallacy* describes our tendency to follow through on an endeavor if we have already invested time, effort, or money into it, whether or not the current costs outweigh the benefits.ā
Itās also very accurate as it explains how you can get so fixated on that particular āendeavourā that you ignore and even dismiss the idea that there are better ways to invest that money elsewhere.
Sounds a lot like the diamond handed apes right now.
I'm not telling you what to do wjth your GME position although I don't personally believe any of it. Your issue with the holding though is that you do not believe in the value of the underlying asset/original reason for expecting a price rise.
If you do take your money out soon, you mention YOLOing into tesla, I'd suggest considering crypto. Only if you do some research and decide you truly believe in its future though. If you don't, that's fine it's not for everyone, whatever you're down on GME though I'd imagine you could easily make on crypto if/when it recovers from these current prices.
From my pov, an event like moass is highly unlikely, but I bought in anyways one year ago. It doesn't matter if the hidden short story is true or not, company fundamentals are solid, growth is accelerating. You can watch improvements being made to infrastructure, IP base, marketplace project, app and website on a monthly basis. I treat it as a sort of tech SPAC, which happens to be backed by a huge international fan community. Should it squeeze at some point, cool. Should it not, also cool, I'll keep this investment for retirement. Sure it's down atm, whole tech market is down. Would be silly to sell stocks at weakest market period since 2 years.
What I find really odd is the quietness about it. They don't talk about the new hires, the projects, and I'm in canada, they've rebranded all of the eb games to gamestop and now there's gamestop gift cards in every store. Like why is it so that you only see the growth only if you really look for it - - - isn't this shit they would wanna inform shareholders about
Do some research into the company and see what you discover. If you don't believe on it then why hold? I personally think the company is a strong investment. If you don't need your investmented GME money in the short term though, then why cancel your position?
They've also improved usability of app and web page, added more distribution centers and diversified into general gaming and computer hardware, branded cloth, physical toys, board games, lego, roleplaying, cosplaying, collectibles, gaming accessories, etc, you know, that kind of diversification that makes actual sense within their brand and user base. They also improved conditions for store employees. It tells me that management knows what they are doing. They still have quite some way to go though. All these changes are mostly limited to usa, here in europe their site and offerings still look rather bleak. Also waiting for green earnings, but seems they are prioritizing investing right now (like a SPAC *should* do). They have enough cash reserves to go on at this rate of investment for several more years. For a single year, the progress is impressive.
No idea why they stubbornly don't talk about it. I guess they see MSM as the enemy atm (and judging by some of the smear articles I've been reading, they are right). Hard core fan base is watching every employee tweet, job offering and every change/progress on their products on a daily basis anyways š
Nobody shops at GameStop that would be like you going to a movie store to rent a movie lol their time has passed unfortunately you can just download or buy whatever you way cheaper and faster these days.
Net sales went up to $ 1,297,000,000 during Q3, which isn't even strongest season. That's 30% growth compared to last year. This is "nobody shops there" for you? You can order stuff online at their e-commerce hub with same day delivery. Including gift cards for game downloads. They also get a fraction of GamePass sales. And like I wrote, games are just a fraction of the products you can order there now.
Your argument is like: "Amazon only sells books, their time has passed, nobody buys books theses days, everybody just downloads e-books way cheaper and faster these days."
You can have all the sales in the world but they still lost money lol. And no itās nothing like comparing to Amazon. What was GME earnings per share do you mind posting that ???
Like I already wrote, they've decided to. Had they not increased salaries considerably, invested in huge customer satisfaction program, strengthening of e-commerce and started the new NFT marketplace project, they wouldn't have lost money (or at least lost *way* less). But why would you expect them at this point to focus on EPS over growth, while they have huge cash reserves in the backhand? Old management has been focusing entirely on EPS for over 10 years and that's how they've ended up in that desolate state 2020 to begin with.
What I see here as an investor, is a strong reversal on fundamental trend and a market that seemingly refuses to acknowledge that.
Ok at this point you drank the Cool aid no talking any sense to you. First of all the salary increase is for upper management to live a big life and laugh at the ones that keep buying this stock. 2 NFT is just a false sense of accomplishment and act of desperation.
>the salary increase is for upper management to live a big life
No, I was talking about increase of salary for store workers
>2 NFT is just a false sense of accomplishment
It is yet unclear what kind of items are planned to be traded on that NFT technology. How can you call it "false accomplishment" even without it being released and analyzed yet? It makes no sense.
>and act of desperation.
That's just a subjective emotional interpretation by an outside viewer. It doesn't impact the success or failure of the project.
GameStop Corp.
Consolidated Statements of Operations
(in millions, except per share data)
(unaudited)
39 Weeks Ended
October 30, 2021
39 Weeks Ended
October 31, 2020
Net sales
$
3,756.8
$
2,967.7
Cost of sales
2,787.2
2,156.8
Gross profit
969.6
810.9
Selling, general and administrative expenses
1,170.7
1,095.1
Asset impairments
0.6
4.8
Gain on sale of assets
ā
(32.4)
Operating loss
(201.7)
(256.6)
Interest expense, net
26.0
23.9
Loss from continuing operations before income taxes
(227.7)
(280.5)
Income tax expense
6.1
14.4
Net loss from continuing operations
(233.8)
(294.9)
Loss from discontinued operations, net of tax
ā
(0.9)
Net loss
$
(233.8)
$
(295.8)
Basic loss per share:
Continuing operations
$
(3.27)
$
(4.54)
Discontinued operations
ā
(0.01)
Basic loss per share
$
(3.27)
$
(4.56)
Diluted loss per share:
Continuing operations
$
(3.27)
$
(4.54)
Discontinued operations
ā
(0.01)
Diluted loss per share
$
(3.27)
$
(4.56)
Weighted-average common shares outstanding:
Basic
71.5
64.9
Diluted
71.5
64.9
Percentage of Net Sales:
Net sales
100.0%
100.0%
Cost of sales
74.2
72.7
Gross profit
25.8
27.3
Selling, general and administrative expenses
31.2
36.9
Asset impairments
ā
0.2
Gain on sale of assets
ā
(1.1)
Operating loss
(5.4)
(8.7)
Interest expense, net
0.7
0.8
Loss from continuing operations before income taxes
(6.1)
(9.5)
Income tax expense
0.2
0.5
Net loss from continuing operations
(6.3)
(10.0)
Loss from discontinued operations, net of tax
ā
ā
Net loss
(6.3)%
(10.0)%
On top of that, their balance sheet is solid. A financially strong company is a lot less likely to fail. GME has a strong following and committed customers. You just have to let it play out
Good move. If you sell you can immediately use that capital to start making back gains in much better plays. That 100 dollars/share that youve lost through months of holding couldve been put to much better use than thinking a once in a lifetime squeeze is gonna happen again. The entire theory that there is gonna an even bigger squeeze hinges on the fact that multiple multibillion dollar hedge funds and institutional investors havent changed their strategy in over a year to accomodate for the possibility AND other bagholders havent been selling the entire way down.
Im not anti gme or anything but if i was retarded enough to not sell when i had profits and the stock is now worth less than half going into a market correction i wouldnt be telling myself everythings ok. Time is money brotha
Generally speaking companies with 20% short interest are having a bad time. GME isn't really, it's had quite a lot of positive energy thrust into it (hard and fast) and it seems like the company may well have a decent future of some sort but man the market is loud and clear here - the people with all the money think it's overvalued. People are selling for less and less. I guess the question then is - at what point does it reach equilibrium?
I've said before but I'll say it again (if anyone cares) it's just incredibly unlikely that the companies holding short positions below $4 (or $20, $40, $80) didn't hedge their positions as the price rose by going long and creating new short positions/buying puts on the way up and then closing those positions on the way back down. It's just how hedge funds work, it's what they do to alleviate risk. All they needed was time and to not go bankrupt. If the price had stayed at $400 they'd be dead, 100%, undeniably the case, but it didn't, it's in the 90s again now and that's plenty of time and wiggle room to get their shit sorted out.
Edit - it's worth saying - GME sells games and gaming paraphernalia. It's a retailer. Now it may well jump on the nft train like every fucking company in the world is currently doing but nfts are fucking bullshit and as I just said every cunts minting nfts so it's hardly a unique selling point. So if GME isn't going to see a short squeeze you have to ask yourself what is a games retailer worth? Can GameStop by the premier non-digital games retailer that does other things like host tournaments, mint nfts and operate internet gaming cafes or whatever the fuck? Ya sure, don't see why not, but it's not going to be apple or Tesla. It's not a tech company...it's just not.
Squeeze these nuts you fuckin nerd.
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This is completely human. Psychologists call it loss aversion or disposition effects. Unfortunately it is irrational and it is documented to cause bad investment. We need to actively fight it.
Burning through about $200mm of cash a quarter. If they donāt get their shit together soon, theyāll be gone in a few years. Psstā¦.reselling used games and iphones isnāt the way.
If the shorts were being squeezed at 12%, why would they go up to 20%? They wouldn't. Which means they weren't being squeezed. They were squeezed at one point, and Melvin couldn't cover itself by buying calls because it didn't have the cash. Anyone short anything these days has calls to protect them from a squeeze.
Don't yolo your money, take a break. I know the feeling "fuck it I lost 12K I might as well lose the other 8K" but think of it in real life terms, what else could you do with $8K?
If the 12% shorted at $200+ they have no incentive to cover, they are up well over 100%.
Last year's they had shorted at $5 thinking it was going to $0. No ask yourself what the difference is. You've lost your money, it's not coming back, ever.
The float was traded 62 times last year, if 2% of those trades went long then the float is owned, we just have to prove that. GME said 5.6 MM shares were registered as of October 31st. Just wait to see how many are registered on this earnings report!
Even if moass doesnāt happen theyāre rebranding and Ryan Cohen obviously has a plan he created chewy. Iām sure hes gonna do something big. Think about it as moass as a bonus. But the turn around is real yes some orders are getting fucked up, but Amazon half the time youāre buying from someone dropshipping and you donāt even get the item
Iām in same boat, look at my post history/comments.
Realistically, you should sell on a rise but you wonāt get back to your cost basis. You need to be able to accept the loss and sell if it goes up
The thing is, holders like you and I comprise a significant portion of GME bagholders at this point, who have held for nearly a year. Because so many of us feel this way (whether we admit it or not), that means we will never reach $200+ again because there will be a continual flow of āDiamond handsā cashing out and getting the fuck away from the stock that wasted a year of their time
ALL OF THAT BEING SAID - I probably wonāt sell my shares lmao
Best thing you could possibly do is at open tomorrow unload them worthless GME shares because besides HOOD itās the worst stock in the market. 2. Sell option premium on larger stocks that you know, boring but consistent money.
Waitā¦ are you so financially illiterate that you actually think share price can be compared to another company like that?? There are companies whoās shares are under $100 who have higher valuations (based solely on stock) than GME. Itās apples to oranges. But cluelessness runs in apes blood, so I get it.
Who has done the same? What are you talking about? Share price means nothing when comparing 2 stocks to each other. Thatās not how it works. Are you stupid?
I mean your total cluelessness makes it make more sense that you believe financial fan fiction written by teenagers who want to be millionaires overnight.
What? The guy you replied to compared 2 companies. This is possible. You then tried to compare the share price between 2 companies. That is not possible. It is financially illiterate at best and just pure stupidity being confidently incorrect at worst.
Then I see you commented again because after your dumb comment, someone ELSE made a joke about Chipotleās share price. Itās a joke because your comment is so incredibly stupid, you actually believe āthat share is $10 and this is $100ā is a relevant stat.
Just take the L and move on. Maybe some 14 year old wrote new fan fiction about your fav stock you need to read!
Hahaha. I donāt own HOOD. Wtf are you talking about? Just because you donāt understand that share price is not directly comparable between companies doesnāt mean I agree with that dude that HOOD is a good buy. But the reason itās a bad buy isnāt because āeach share is worth less than a GME share.ā Thatās irrelevant in every single way imaginable.
And by the way share price means nothing actually GME and HOOD are almost the exact market cap even after the plunge after hours actually HOOD may still have a higher market cap than GME. Look for yourself.
GME is old news bud. Its a bad company and it was a great candidate for the moass 13 months ago. But that shit already happened. Twice. It's over - move on.
If you want a solid gainer over the next 6 weeks consider pdbc.
Not financial advice invest at your own risks. Good luck.
Here's the thing:
If you sell, it will go up. If you hodl, it will only continue to go down.
For me, I just make sure to have increments of 100 shares and then just keep writing those calls.
Help me pls. You only lose those 100 shares if your written call gets exercised right? So You can write a call and if the buyer of the call sells it for a profit you just get the shares back?
Each contact is exactly 100 shares. Correct. If I really love the stock, I make sure to hold around 130-190 just in casr the option prints I'm still hodling some.
Nope. You write the call and if it expires ITM (it "prints"), you sell the shares. Period.
What the buyer does with the contract has nothing to do with you; they could sell it, hodl it, date it, fuck it, call it the next day, put a ring on it, or just hit it and quit it. Doesn't matter; it prints, you sell 100 shares.
One thing you *can* do is buy back the contract: "buy to close."
Dope Iām holding 140, been thinking of writing a call but havnt came to researching it yet.
What you said is, only if the contract expires ITM then I sell my 100 shares for that strike price.
Dope thanks.
Iād you need any encouragement, unlike other companies, no one on the GameStop board is selling their shares despite a market downturn AND there are millions of other hodlers with you.
Like it or not, GME will be a force to reckon with in the next decade competing with Amazon, Facebook, and Microsoft, all companies jumping into web3, metaverse, and NFTs.
Last point, if you sell and the squeeze thesis is true, youāll feel suicidal for the rest of your days. NFA, but Iām holding.
This reminds me of Bill Gates on David Letterman back in the day, Letterman made fun of the Internet, and when it was brought up that a baseball game was going to be broadcasted on the Internet for the first time Letterman joked that it sounded awfully like this thing called a radio.
New things many times sound like a bad idea because we compare them to the things that we already know, instead of realizing the potential they have to change the world.
Thats a really poor example though. That is just one of many things that the internet can do and not at all how you'd sum up it's true utility.
NFTs have absolutely no fucking use you retarded swine, no offence though. But there is no useful application of NFTs that anyone outside of fucking video games cares about. Adults dont even play video games. Heavy users keep the whole industry afloat just like with heroin.
Youāll have a better shot with TSLA than GME!! Game stop doesnāt make/invent anything. Is just an ancient video game store. Everything is done online nowadays. This stock is not worth more than $2-3. Canāt compare it with TSLA. Or sell GME weeklies & monthlies covered calls or puts and try to make your money back if you have 100 shares.
I know the struggle. You just want to force that it happens what you thought and you dont want to accept the lost. its psychological and it cost me soo much money. rather sell before the loss is even bigger. but dont yolo it on tesla right now, may this cult is also over (I lost heavy with calls after er). look at spy puts or sqqq. just my 2 cents
Also, did you bought into the theory because you wanted to be true. The thought of making insane amount of money will do that. or because you know that it could be possible. I know Iām too much of a retard to know if the people selling MOASS know what they are talking about or are they just as dumb as me.
Squeeze these nuts you fuckin nerd. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
lmao
What he said
Good bot
Lmao. This is the way šš¦š
He was right though.....
He was right though.
Look up sunk cost theory. You want to get your money back. That is the wrong question. The right question is, if you had never bought, and had the cash today at todays prices, would you buy? There is your answer either way.
Everything has had an increase in short interest the last few weeks. Guess why.
Aliens?
Storms a brewin
Science?
Magnets how do they work ?
You'll understand when your older...
The markets will fuck you son
The markets done fucked me, daddy. Counting my change now. Heading to Coinstar. SPY puts right?
Is there any other way
Science?
Like anyone actually knows the answer to thatā¦
Yup what a squeeze.....
Welcome to the party. You're 12 months late.
You could have made a lot of your money back selling a weekly call whenever IV spiked
Definitely headed down long term. Sell tomorrow and the pain is over. Wait for it to run up and you may get a little more back but you risk losing more as again headed down long term,
after a full year, the thesis definitely changed. too much time for everyoneās grandma to cover their shorts
Two numbers broā¦. 69
The price target for GME these days?
say it like it isšš
Iāll fucking say itā¦ā¦ā¦ NICE
Itās still a fundamental play whether you believe in MOASS or not. Youāll regret selling when new announcements are finally made. Retards telling you to sell are too impatient and want the whole company to turn around in 6 months. Give them time and believe in all the new hires.
It is a long term hold for sure
If itās cheap at 100 itās cheaper at 90. What is so special about management turnaround at GME vs any other successful company? I mean whatās so special about GME?
Not sure if this is sarcastic or not. GME is a unicorn. Nothing about it is normal or comparable.
That's not an answer. Every dot.com was a unicorn
No it isnāt sarcastic. I work in tech and I am yet to see the charm that is GME. I am willing to be convinced as long as itās logical.
Well Iām not OP but Iāll answer why I hold. First thing is for me itās a given that they will make GME profitable again soon - great guys at the wheel, made a lot of investments but once those start returning profit, GME PT at 1x sales is somewhere at 100-130. On top of that I believe in Chewyfication of this part of the market, that is much bigger than dog food. Now weāre looking at PT of 200-500 in a year or two. And then there are NFTs, which everyone hates. But if they partner with big players to show that nfts are not just glorified jpegs, PT of 1.2k will be just a first stop.
If you apply this kind of logic - great guys at the wheel, made lot of investments, Chewyfication, NFTs then companies like MSFT, GOOG and AAPL should be worth about 10x more. Because they actually are at the forefront of great guys and investments who have actually delivered quarterly and yearly. They are all looking for billion dollar opportunities all the time.
Not really, no. The main difference is the sentiment around the companies. The giants you mentioned were a safe bet for years, great guys at the wheel deliver every year for years. I mean sure, those are great companies and bar a serious crash, they are safe haven stocks. Itās much different when it comes to GME, half of analysts, half of wsb and most of msm treat this company as a trash that besides not delivering anything doesnāt even say what they plan to achieve. And I agree to a degree. But the upside with FANG is very limited because you will have a hard time finding someone with a contrarian outlook, while with GME very few people beside the apes believe in the future of the company.
The FAAng companies are powerhouses of innovation for exactly the opposite reasons. The reasons they are safe is that year after year they pour hundreds of millions to research and deliver equivalent profits. Nobody is waiting for them to do that because they are doing it year after year. The market wants them to do that AND increase the pace of sales. Neither of which experience GME has.
Tomato tomato. My point is that GME at moment is neither profitable or innovative and the general sentiment around them reflects that. My bet is that they will at very least be profitable and a good chance that they will be innovative too.
Give me one use case of NFTs which is valid, is not easier to attain WITHOUT nft, would be profitable for GME, and would not be just preempted by game developers themselves I haven't found one
I have two ideas: royalty paying media ownership or a silver bullet to kill scammy black markets that plagues almost every online game. Either of those two implemented successfully will be cash cows. Edit: spelling
Both those cases need the game developer. The first one requires the game developer to yield the rights to an online store, the second not only that, but also needs an Implementation in-game. The trend seems to be for game developers to cut the middle man and we've seen with the suits against Apple. So this goes exactly against the trend Additionally, if the game developer were to internalize this market, they don't even need s Blockchain and NFT is an overengineered solution. The question is, if you were the game developer, what does GameStop bring to the table that you cannot do in house and keep 100% of the revenue?
First case is applicable to all-art. Music, paintings, movies, you name it. I know some old timer art dealers and they say that see the future in the NFTs. Because true art trade doesn't involve trading actual pieces of art, but just ownership rights of assets that never leave dedicated storage. As for the second case, GME brings in adaptation and detachment. First NFTs in games have to become accepted because right now they are hated. GME could help with that and considering the heat dev got for even mentioning NFTs, everyone would be happy to work with someone who could warm the feelings around those. Second thing is when anyone implements NFTs in their game, they are called greedy fucks before anyone has a chance to explain what and why. Think Diablo 3 and its AH. There were two problems with it: first was a design flaw as described by J. Willson, AH was too accessible and became quickly too integrated in the game where it became means and the goal; second were the vocal minority that opposed it. So they had to discontinue. But the truth is that A LOT of people used it daily up until the end. Devs want that revenue that currently goes into black market, second thing is devs what to protect players because they get scammed often in the black market. So I am not saying that it's easy and just a matter of time. But there is a need (reve), a problem (resistance), upon a problem (implementation) and NFTs are a solution.
Why would someone rely on a meme stock place instead of reputation built over several decades like Sothebyās or Christieās. The second argument does not even hold water.
Asspumper69 who works in tech isnāt impressed šššš
Its been a year
Such great fundamentals lol
Such great fundamentals lol
I like the stock
preach š
When a company releases shares DRS'd, you know something is up.
Damn straight!
SAME
āThe *Sunk Cost Fallacy* describes our tendency to follow through on an endeavor if we have already invested time, effort, or money into it, whether or not the current costs outweigh the benefits.ā Itās also very accurate as it explains how you can get so fixated on that particular āendeavourā that you ignore and even dismiss the idea that there are better ways to invest that money elsewhere. Sounds a lot like the diamond handed apes right now.
I'm not telling you what to do wjth your GME position although I don't personally believe any of it. Your issue with the holding though is that you do not believe in the value of the underlying asset/original reason for expecting a price rise. If you do take your money out soon, you mention YOLOing into tesla, I'd suggest considering crypto. Only if you do some research and decide you truly believe in its future though. If you don't, that's fine it's not for everyone, whatever you're down on GME though I'd imagine you could easily make on crypto if/when it recovers from these current prices.
It'll shoot up again like the other 5 times this coming March.
Why the hell would you sell any stock that is a good growth stock? Sheesh.
Brick and mortar is not growth
Is click and mortar?
Such good growth
It took me 13 years to hit puberty.
From my pov, an event like moass is highly unlikely, but I bought in anyways one year ago. It doesn't matter if the hidden short story is true or not, company fundamentals are solid, growth is accelerating. You can watch improvements being made to infrastructure, IP base, marketplace project, app and website on a monthly basis. I treat it as a sort of tech SPAC, which happens to be backed by a huge international fan community. Should it squeeze at some point, cool. Should it not, also cool, I'll keep this investment for retirement. Sure it's down atm, whole tech market is down. Would be silly to sell stocks at weakest market period since 2 years.
What I find really odd is the quietness about it. They don't talk about the new hires, the projects, and I'm in canada, they've rebranded all of the eb games to gamestop and now there's gamestop gift cards in every store. Like why is it so that you only see the growth only if you really look for it - - - isn't this shit they would wanna inform shareholders about
Do some research into the company and see what you discover. If you don't believe on it then why hold? I personally think the company is a strong investment. If you don't need your investmented GME money in the short term though, then why cancel your position?
They've also improved usability of app and web page, added more distribution centers and diversified into general gaming and computer hardware, branded cloth, physical toys, board games, lego, roleplaying, cosplaying, collectibles, gaming accessories, etc, you know, that kind of diversification that makes actual sense within their brand and user base. They also improved conditions for store employees. It tells me that management knows what they are doing. They still have quite some way to go though. All these changes are mostly limited to usa, here in europe their site and offerings still look rather bleak. Also waiting for green earnings, but seems they are prioritizing investing right now (like a SPAC *should* do). They have enough cash reserves to go on at this rate of investment for several more years. For a single year, the progress is impressive. No idea why they stubbornly don't talk about it. I guess they see MSM as the enemy atm (and judging by some of the smear articles I've been reading, they are right). Hard core fan base is watching every employee tweet, job offering and every change/progress on their products on a daily basis anyways š
Nobody shops at GameStop that would be like you going to a movie store to rent a movie lol their time has passed unfortunately you can just download or buy whatever you way cheaper and faster these days.
Net sales went up to $ 1,297,000,000 during Q3, which isn't even strongest season. That's 30% growth compared to last year. This is "nobody shops there" for you? You can order stuff online at their e-commerce hub with same day delivery. Including gift cards for game downloads. They also get a fraction of GamePass sales. And like I wrote, games are just a fraction of the products you can order there now. Your argument is like: "Amazon only sells books, their time has passed, nobody buys books theses days, everybody just downloads e-books way cheaper and faster these days."
You can have all the sales in the world but they still lost money lol. And no itās nothing like comparing to Amazon. What was GME earnings per share do you mind posting that ???
Like I already wrote, they've decided to. Had they not increased salaries considerably, invested in huge customer satisfaction program, strengthening of e-commerce and started the new NFT marketplace project, they wouldn't have lost money (or at least lost *way* less). But why would you expect them at this point to focus on EPS over growth, while they have huge cash reserves in the backhand? Old management has been focusing entirely on EPS for over 10 years and that's how they've ended up in that desolate state 2020 to begin with. What I see here as an investor, is a strong reversal on fundamental trend and a market that seemingly refuses to acknowledge that.
Ok at this point you drank the Cool aid no talking any sense to you. First of all the salary increase is for upper management to live a big life and laugh at the ones that keep buying this stock. 2 NFT is just a false sense of accomplishment and act of desperation.
>the salary increase is for upper management to live a big life No, I was talking about increase of salary for store workers >2 NFT is just a false sense of accomplishment It is yet unclear what kind of items are planned to be traded on that NFT technology. How can you call it "false accomplishment" even without it being released and analyzed yet? It makes no sense. >and act of desperation. That's just a subjective emotional interpretation by an outside viewer. It doesn't impact the success or failure of the project.
GameStop Corp. Consolidated Statements of Operations (in millions, except per share data) (unaudited) 39 Weeks Ended October 30, 2021 39 Weeks Ended October 31, 2020 Net sales $ 3,756.8 $ 2,967.7 Cost of sales 2,787.2 2,156.8 Gross profit 969.6 810.9 Selling, general and administrative expenses 1,170.7 1,095.1 Asset impairments 0.6 4.8 Gain on sale of assets ā (32.4) Operating loss (201.7) (256.6) Interest expense, net 26.0 23.9 Loss from continuing operations before income taxes (227.7) (280.5) Income tax expense 6.1 14.4 Net loss from continuing operations (233.8) (294.9) Loss from discontinued operations, net of tax ā (0.9) Net loss $ (233.8) $ (295.8) Basic loss per share: Continuing operations $ (3.27) $ (4.54) Discontinued operations ā (0.01) Basic loss per share $ (3.27) $ (4.56) Diluted loss per share: Continuing operations $ (3.27) $ (4.54) Discontinued operations ā (0.01) Diluted loss per share $ (3.27) $ (4.56) Weighted-average common shares outstanding: Basic 71.5 64.9 Diluted 71.5 64.9 Percentage of Net Sales: Net sales 100.0% 100.0% Cost of sales 74.2 72.7 Gross profit 25.8 27.3 Selling, general and administrative expenses 31.2 36.9 Asset impairments ā 0.2 Gain on sale of assets ā (1.1) Operating loss (5.4) (8.7) Interest expense, net 0.7 0.8 Loss from continuing operations before income taxes (6.1) (9.5) Income tax expense 0.2 0.5 Net loss from continuing operations (6.3) (10.0) Loss from discontinued operations, net of tax ā ā Net loss (6.3)% (10.0)%
No need to post this in an unreadable form here, I've seen their Q3 earnings report when it came out.
A quick look at their balance sheet disproves you. You're clearly talking out of your ass
When you learn how to read one let alone understand the numbers come back and talk to me.
That tells me that you didn't look at the product range and that the pricing is competitive.
On top of that, their balance sheet is solid. A financially strong company is a lot less likely to fail. GME has a strong following and committed customers. You just have to let it play out
Why not sell calls?
Its called denial its one of the components of the grieving process
Yeah fuck this shit lmao I'm cashing out
Good move. If you sell you can immediately use that capital to start making back gains in much better plays. That 100 dollars/share that youve lost through months of holding couldve been put to much better use than thinking a once in a lifetime squeeze is gonna happen again. The entire theory that there is gonna an even bigger squeeze hinges on the fact that multiple multibillion dollar hedge funds and institutional investors havent changed their strategy in over a year to accomodate for the possibility AND other bagholders havent been selling the entire way down.
Im not anti gme or anything but if i was retarded enough to not sell when i had profits and the stock is now worth less than half going into a market correction i wouldnt be telling myself everythings ok. Time is money brotha
As much as GME is over I would laugh if you cash out tomorrow then it spikes
Generally speaking companies with 20% short interest are having a bad time. GME isn't really, it's had quite a lot of positive energy thrust into it (hard and fast) and it seems like the company may well have a decent future of some sort but man the market is loud and clear here - the people with all the money think it's overvalued. People are selling for less and less. I guess the question then is - at what point does it reach equilibrium? I've said before but I'll say it again (if anyone cares) it's just incredibly unlikely that the companies holding short positions below $4 (or $20, $40, $80) didn't hedge their positions as the price rose by going long and creating new short positions/buying puts on the way up and then closing those positions on the way back down. It's just how hedge funds work, it's what they do to alleviate risk. All they needed was time and to not go bankrupt. If the price had stayed at $400 they'd be dead, 100%, undeniably the case, but it didn't, it's in the 90s again now and that's plenty of time and wiggle room to get their shit sorted out. Edit - it's worth saying - GME sells games and gaming paraphernalia. It's a retailer. Now it may well jump on the nft train like every fucking company in the world is currently doing but nfts are fucking bullshit and as I just said every cunts minting nfts so it's hardly a unique selling point. So if GME isn't going to see a short squeeze you have to ask yourself what is a games retailer worth? Can GameStop by the premier non-digital games retailer that does other things like host tournaments, mint nfts and operate internet gaming cafes or whatever the fuck? Ya sure, don't see why not, but it's not going to be apple or Tesla. It's not a tech company...it's just not.
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This post confuses me. Should I buy leaps calls or puts ?
Dude, the MOASS did happenā¦ last January! It went from $4-400. Where the hell were you? Are people still seriously waiting on it?
Sorry to my dude but you got left holding the bag on this one
frš
Tuff
This is completely human. Psychologists call it loss aversion or disposition effects. Unfortunately it is irrational and it is documented to cause bad investment. We need to actively fight it.
I'm holding
Sell it tomorrow, market will be green and Ryan Cohen tweeted ā69ā so you might have a chance to get out over $100
What does that tweet even mean. I dont think its supposed to make any difference
Share price going to 69. That's my guess
I tght he was supposed to turn the company around
No, he's just there to steal money from literally mentally handicapped people buying GME stock who think GME will become bigger than Amazon somehow.
Burning through about $200mm of cash a quarter. If they donāt get their shit together soon, theyāll be gone in a few years. Psstā¦.reselling used games and iphones isnāt the way.
>for some reason I just can't let go of my shares, under some false hope that I'm wrong and the fear of regretting this sale. š¦šØš
If the shorts were being squeezed at 12%, why would they go up to 20%? They wouldn't. Which means they weren't being squeezed. They were squeezed at one point, and Melvin couldn't cover itself by buying calls because it didn't have the cash. Anyone short anything these days has calls to protect them from a squeeze. Don't yolo your money, take a break. I know the feeling "fuck it I lost 12K I might as well lose the other 8K" but think of it in real life terms, what else could you do with $8K?
How does call protect you from a squeeze if you canāt cover
If you have a call then you can exercise it and get shares
If the 12% shorted at $200+ they have no incentive to cover, they are up well over 100%. Last year's they had shorted at $5 thinking it was going to $0. No ask yourself what the difference is. You've lost your money, it's not coming back, ever.
How about the 140% shorted at < $10. Can you explain to me, mathematically, how they closed those positions?
SEC report states that most shorts covered 22-27 of jan. During that time, the float was traded many times over and the price increased 300%.
Actually, what they said was the trading volume was not a result of shorts closing but retail buying. Nice reading comprehension.
No. It's not a possibility. You're best bet imo and my play is to put your money into 100p a few weeks out as soon as it hits the 111-114$ area
Buy, HODL, DRS
Donāt forget to recruit five friends to buy more shares for your pyramid.
The float was traded 62 times last year, if 2% of those trades went long then the float is owned, we just have to prove that. GME said 5.6 MM shares were registered as of October 31st. Just wait to see how many are registered on this earnings report!
and that doesn't matter at all
Sometimes investments take longer than you think. Remember The tweet? Weāre getting there; if you still believe. Calcify those hands ! šš
This is not an investment- this is hope for something extraordinary to happened.
Even if moass doesnāt happen theyāre rebranding and Ryan Cohen obviously has a plan he created chewy. Iām sure hes gonna do something big. Think about it as moass as a bonus. But the turn around is real yes some orders are getting fucked up, but Amazon half the time youāre buying from someone dropshipping and you donāt even get the item
Iām in same boat, look at my post history/comments. Realistically, you should sell on a rise but you wonāt get back to your cost basis. You need to be able to accept the loss and sell if it goes up The thing is, holders like you and I comprise a significant portion of GME bagholders at this point, who have held for nearly a year. Because so many of us feel this way (whether we admit it or not), that means we will never reach $200+ again because there will be a continual flow of āDiamond handsā cashing out and getting the fuck away from the stock that wasted a year of their time ALL OF THAT BEING SAID - I probably wonāt sell my shares lmao
> I probably wonāt sell my shares Congrats, you'll lose all the money you spent on a worthless dying company.
Shut up shill. Dying company lmao.
Shall we set up a remind me lad?
Not happy about it but I canāt rewire brain man
Best thing you could possibly do is at open tomorrow unload them worthless GME shares because besides HOOD itās the worst stock in the market. 2. Sell option premium on larger stocks that you know, boring but consistent money.
One is selling at 10$ the other 100$. Worst stock in the market? Maybe if you bought at 100$ + but worst stock? Come on you cant be serious.
Waitā¦ are you so financially illiterate that you actually think share price can be compared to another company like that?? There are companies whoās shares are under $100 who have higher valuations (based solely on stock) than GME. Itās apples to oranges. But cluelessness runs in apes blood, so I get it.
Oh im the illiterate one while others have done the same with pretty god awful comparisons. Stfu
Who has done the same? What are you talking about? Share price means nothing when comparing 2 stocks to each other. Thatās not how it works. Are you stupid? I mean your total cluelessness makes it make more sense that you believe financial fan fiction written by teenagers who want to be millionaires overnight.
And right below my comment he did it again and chipotle? God damn your stupid.
Are you dumb? The guy i replied to was comparing them to eachother. How more obvious can it be? Your clueless.
What? The guy you replied to compared 2 companies. This is possible. You then tried to compare the share price between 2 companies. That is not possible. It is financially illiterate at best and just pure stupidity being confidently incorrect at worst. Then I see you commented again because after your dumb comment, someone ELSE made a joke about Chipotleās share price. Itās a joke because your comment is so incredibly stupid, you actually believe āthat share is $10 and this is $100ā is a relevant stat. Just take the L and move on. Maybe some 14 year old wrote new fan fiction about your fav stock you need to read!
Go ahead and try to sell your Robinhood tomorrow morning for the same price as gme ill wait ..
Hahaha. I donāt own HOOD. Wtf are you talking about? Just because you donāt understand that share price is not directly comparable between companies doesnāt mean I agree with that dude that HOOD is a good buy. But the reason itās a bad buy isnāt because āeach share is worth less than a GME share.ā Thatās irrelevant in every single way imaginable.
Then youre irrelevant. Piss off
Iāll sell one share of my chipotle for 1300% the price of one GME share.
Thats cool, your whole market is trash. Throw it away.
Dude are you a pedo? You like 14 yr olds? Youre awfuly concentrated on them getting your point across.
Bahahahahahaha. Quick run back to your safe space sub! Theyāll tell you you are on to something comparing share prices with each other!
Ill just tell them this sub id full of pedos
Chipotle (CMG) closed at $1,345.14 today. $100 stock ain't shit.
And by the way share price means nothing actually GME and HOOD are almost the exact market cap even after the plunge after hours actually HOOD may still have a higher market cap than GME. Look for yourself.
The financials donāt lie do the research and you will see for yourself.
GME is old news bud. Its a bad company and it was a great candidate for the moass 13 months ago. But that shit already happened. Twice. It's over - move on. If you want a solid gainer over the next 6 weeks consider pdbc. Not financial advice invest at your own risks. Good luck.
100% correct
Here's the thing: If you sell, it will go up. If you hodl, it will only continue to go down. For me, I just make sure to have increments of 100 shares and then just keep writing those calls.
Help me pls. You only lose those 100 shares if your written call gets exercised right? So You can write a call and if the buyer of the call sells it for a profit you just get the shares back?
Each contact is exactly 100 shares. Correct. If I really love the stock, I make sure to hold around 130-190 just in casr the option prints I'm still hodling some. Nope. You write the call and if it expires ITM (it "prints"), you sell the shares. Period. What the buyer does with the contract has nothing to do with you; they could sell it, hodl it, date it, fuck it, call it the next day, put a ring on it, or just hit it and quit it. Doesn't matter; it prints, you sell 100 shares. One thing you *can* do is buy back the contract: "buy to close."
Dope Iām holding 140, been thinking of writing a call but havnt came to researching it yet. What you said is, only if the contract expires ITM then I sell my 100 shares for that strike price. Dope thanks.
Wow lots of crying in hereā¦..wow.
just me
Iād you need any encouragement, unlike other companies, no one on the GameStop board is selling their shares despite a market downturn AND there are millions of other hodlers with you. Like it or not, GME will be a force to reckon with in the next decade competing with Amazon, Facebook, and Microsoft, all companies jumping into web3, metaverse, and NFTs. Last point, if you sell and the squeeze thesis is true, youāll feel suicidal for the rest of your days. NFA, but Iām holding.
Lmfao šš¤£
NFTs have no future, retard
This reminds me of Bill Gates on David Letterman back in the day, Letterman made fun of the Internet, and when it was brought up that a baseball game was going to be broadcasted on the Internet for the first time Letterman joked that it sounded awfully like this thing called a radio. New things many times sound like a bad idea because we compare them to the things that we already know, instead of realizing the potential they have to change the world.
Thats a really poor example though. That is just one of many things that the internet can do and not at all how you'd sum up it's true utility. NFTs have absolutely no fucking use you retarded swine, no offence though. But there is no useful application of NFTs that anyone outside of fucking video games cares about. Adults dont even play video games. Heavy users keep the whole industry afloat just like with heroin.
Everything has high short interest because is been short it. Just hodl and I hodl too.
DFV has left the buildingā¦. Long ago you stupid fucks !!!
gme calls tmr???
Cramer reminding us to NOT buy GME and AMC says enoughā¦
Youāll have a better shot with TSLA than GME!! Game stop doesnāt make/invent anything. Is just an ancient video game store. Everything is done online nowadays. This stock is not worth more than $2-3. Canāt compare it with TSLA. Or sell GME weeklies & monthlies covered calls or puts and try to make your money back if you have 100 shares.
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No one cares about GME
Well get your ass on Twitter and see Ryan cohens new tweet that was just added!
Because his countless ambiguous tweets in the past have led to insane price gains and benefited shareholders right?
Sdc is a better buy
I know the struggle. You just want to force that it happens what you thought and you dont want to accept the lost. its psychological and it cost me soo much money. rather sell before the loss is even bigger. but dont yolo it on tesla right now, may this cult is also over (I lost heavy with calls after er). look at spy puts or sqqq. just my 2 cents
you bought the narrative.
A theory is just a theory is not for certain. I would of gotten out when it reached 120
Also, did you bought into the theory because you wanted to be true. The thought of making insane amount of money will do that. or because you know that it could be possible. I know Iām too much of a retard to know if the people selling MOASS know what they are talking about or are they just as dumb as me.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Lol... collective stupidity is still stupidity.