It fucking sucks now.   You used to be able to easily see what was in stock online; now it makes you click on every single item to see if it's in stock or not (and you can't filter by availability any more either).
 

GME is going the route of Toys R Us boys press F in the chat. Coloring shit a new color with a website re-design is still shit underneath. Used games are cheaper on eBay, new games are cheaper at Amazon with Prime or Best Buy with GCU. Digital gaming is the future. Selling Batman statues for $500 dollars failed and no one wants another god damn Nintendo 64 logo shirt, wallet, or key lanyard.

Shit they already failed to find a buyer and gave up, can't wait for the liquidation sales so I can get a sweet f'n Legend of Zelda lamp. Electronics Botique was cooler anyways.

Yeah, why can't we have a nice politics-free discussion about our global financial system and market economy 

You know both the Prime new game discount and Best Buy GCU are no more, right?   When your current GCU runs out, that's it.

Eh I haven't bought an actual new game in quite some time anyways. Either way both discounts did their job of putting GS out of business. Everything is going to be pushed to digital and we will be the only one with games at the end of the world

muhahahahahahahahahahahahahaha

https://finance.yahoo.com/news/ga...

Interesting that this pop didn't happen before close yesterday, since I thought I read about this mid-afternoon.

Basically the guy from The Big Short is long on GME, at least for the short-term.


https://old.reddit.com/r/investin...

That said, the top comment in this thread makes the point that Burry is in at a MUCH higher than current price, so he doesn't necessarily have good judgment on this one.


Will be interesting to see what unfolds if the guy tries to be an activist-investor.

These are the daily fluctuations and speculation that will happen. Obviously I said the $3.50 valuation was laughable and you'd be a fool to expect GME to stay there when they are still a profitable company with ample cash reserves. I don't blame that guy for buying up 3% of the stock. When you have 60% of shorts a lot of people stand to lose a lot of money when this thing starts turning around.

Stocks go way higher than they ever should and way lower than they ever should. You can't time the absolute top or bottom but you can gauge what a stock "feels like". And it certainly feels to me that sub $3.50 is absolutely laughable. As GME just weathers the storm to next gen it'll really start turning around at that point.

He bought sometime last quarter.  He picked up 3% of the stock at WAY more than the price yesterday when this story dropped.

(and for all your comments about how laughable the low price was, seems like if you really had confidence in that, you'd have doubled-down when it was in the sub $3.25 range)

Arch, wtf with the smug comment man?  I don't care what the valuation is, I am not putting another penny into this stock.  I have better uses with my cash then speculating further on this.  The strategies are buy, sell or hold and I am confident in holding.  Surely confident enought to not panic sell when the stock is at an all-time low yet is still profitable.  

For as much as you've talked about the stock and trolled me, you sure haven't taken a position either.  

Pot meet Kettle...

And you're right I haven't bought into this one, nor do I ever intend to.

There is money to be made day-trading it right now, no doubt, but that isn't how I invest, and I'm just watching this one out of morbid curiosity at this point.






The reason for the post today was to bring in the interesting news story about a budding activist investor, and cross-reference it with another intersting discussion that took a closer look at what that guy's position REALLY was (i.e. that his price judgment wasn't as good as the original article was making it out to be).

Seemed like topical news. 

The stock is so low they should let people trade in games for GME stock. 😜

I haven't read the article yet, but if the guy from "Big Short" is going long does that mean Jone Bone has a chance at some sort of catalyst turning this around?

Read the companion thread I thinked from the discussion on Reddit.

If the top comment speaks the truth, the more widely published articles are leaving out some interesting background that the guy from the Big Short bought in long at quite a bit higher than the current lows, and may be trying to using his pull to act as an activist and force enough of a short squeeze to mitigate the damage on his position.

It will be interesting to see how it all plays out.

 

I'll read it. In the middle of something, when that caught my eye.

GE is under 8 again. It's a lot like GME where the stock has a huge penalty factored in because of its management.

It's crazy to think that GME was floating between $13 and $16 a year ago and only a whopping $3.88 this morning.

Im all in at $2.50

GME will likely channel between $3.50 and $4 until earnings after market next Tuesday on September 10th. If it's an earnings miss then we'll test $3 or lower but if it's an earnings beat it'll probably rocket up to $5.  Maybe even $5.50 or $6 based on how the chart looks.

Lots of volume on it lately means there's a bunch of money piling in. With more volume comes a bigger magnitude of the rise or fall based on news.

Well, the consesus for Q3 (at least based on the numbers reported by Yahoo Finance) is a loss of $0.21 per share.

Seems like it would be tough NOT to beat that!  

 

Did not expect the strong move for GME above $4 today in advance of earnings. Yeah something is up here. If it closes above $4 today then you can kiss those sub $3 days behind. Too much upward momentum at this point.

Well, the guy from the Big Short was having another round of news stories these past couple of days, so I doubt that hurt.

 

Congrats Jone Bone, I hope it keeps moving. I'm sure they got a bunch of people in this quarter also with this emphasis on trade-in's.

On a dif. note I spent part of my day giving my grandparents a hard time for not buying gold 6 months ago when I told them too.

It *should* cover back to a good stable range in the next year or so, daily fluctuations don't bother me. I still stand by $3.50 being absolutely laughable even though I clearly got into the stock way too early. I'm still content with holding and maybe writing off a $2k loss in Nov / Dec depending on what the stock looks like then. I'm definitely not expecting to turn into a profitable position anytime soon though.

Another saving grace would be if buyout rumors resurface. I'm surprised they haven't to be honest with as cheap as the stock is and a new CEO on board in the last 6 months.

To what end?  

No reason to rag on someone for not buying an asset class that is still priced lower than it was 7 years ago, in nominal dollars.

 

It went up 17% since I told them to buy. Edit: (I missed the emoji.)

They are older and have always been conservative, but they have a decent amount of money in index funds. As of yesterday, I suggested putting some money in gold and getting out when it increases by $5. I feel like that would be conservative.