My son (19) has been saying the exact same thing for a couple of months. He is playing with spare change and has only dabbled in this stock.
Some are trying to say that it is like the company Blockbuster, but that idea is now getting passes off as old timer logic. Many things are different here. Very Different.
One interesting thing today is that the press did talk about the new CEO (who started Chewy) pulling people from his old startup Chewy company and people from Amazon to move GameStop to an ecommerce environment, like Netflix for Games. They are a month late as this is actually old news.
Is the company worth $10 or $50 or $1,000 in about 6 months? Ask any millennial who ever went to GameStop thinks about the ecommerce gaming idea. I dont play computer games but it is absolutely huge right now, in case anyone didnt know.
Blockbuster didnt capitalize on an illegal squeeze like this or even close to having any chance like this.
“If GameStop goes about this unique situation correctly”, they can turn this into a solid $80 - $100 billion dollar company (about $1,500 a share) in a few months and keep it there.