Posted on 08/24/2021 4:28:40 AM PDT by wastedyears
The original meme name, GameStop (NYSE:GME) stock, is holding pretty solid, shedding just 9.7% of value in the last month. Shares still have a mouth-watering one-year return of 3,410.15%.
(Excerpt) Read more at msn.com ...
Once shareholders sober up it will drop like a rock.
The hedge funds are afraid. Them and the media are putting out a lot of misinformation. They’re just kicking the can down the road at this point.
We can hold longer than they can stay solvent.
Sober up from what, and why would the price drop?
it will drop like a helium baloon.
GME now sells electronics+ online.
more than 45,000 products.
AMAZON will crash since more than 35%
of its profits are from such sales,
soon to be lost.
The stock was run up by people eager to spite hedge funds, there was never any interest by serious investors. Manipulating a stock price for spite or amusement rather than profit is legal, I supposed. The problem for the hedge funds is that what was seen as relatively safe bet, a hedge, became a serious liability. They were not dealing with people buying up a stock in a classical bubble or rational calculation, risks that had been factored in, but rather people acting out of spite, merely to screw hedge funds, and only a few particular ones.
Now, you can make profit by investing in spite, but the spite value is gone. No hedge fund, or serious investor will touch Gamestop. The stock is in the hands of spiteful adolescents. It’s a horrible stock to own, but you can, possibly make a profit on it.
Put down the crack pipe. I have just recommended you be committed to a facility for a 60 day monitoring and evaluation period and that all your trading funds be frozen. Lol
The P/E of Gamestop today is -77. That means to in order to lose a dollar a year you have to invest 77. Amazon is +56. Proctor and Gamble is +28. To gain a dollar a year with P&G you need to invest 28.
Unless you think Gamestop is going to have a miraculous turnaround in the future there is no rational reason to invest in it.
RE: The stock is in the hands of spiteful adolescents.
GameStop was the first stock purchase for many Millennials and an opportunity to get their feet wet in the world of finance.
They might be spiteful adolescents, but the hedge funds are run by greedy c****. They manipulate stocks all the time. How about HFT? Do a million buys in a microsecond then sell when it rises a quarter point a couple microseconds later. What actual value is that?
That BS is a drain on our most intelligent people.
Physics, Math, and Computer Science PhDs writing algorithms for Wall Street scum. But, that’s where the money is, so that’s where they go.
Stop that! You’re interfering with the natural Darwinian process of removing trading funds and traders from the trading gene pool.
By and large stock is valuated on how profitable a company is. GME’s financials are terrible. Maybe a great stock to trade for a time, bad to invest in.
Buying Gamestop under prevailing conditions is lunacy. Warren Buffet said, if you are not willing to own a stock for 10 years you shouldn’t own it for 10 minutes. They are learning all the wrong lessons.
“What actual value is that?”
It’s part of the freedom which creates liquid markets which is highly valuable.
1. Gamestop has no debt.
2. only income. and millions of followers.
3. despite the wacko comment:
“RE: The stock is in the hands of spiteful adolescents.”
BOA, Blackrock, Vanguard, and many states of
the Republic are long on GME.
Hedge funds, and stock markets provide a legitimate and socially useful service. They help manage risk, foster investment and grow the economy, something income redistribution does not do. I am an MSEE myself and not a stock market guru, but putting aside about 10% of my income in conservative mutual fund for 35 years I managed to accrue a personal worth of over two million dollars, one paycheck at a time. You can, too. I am not fabulously wealthy, but slow and steady annualized returns of about 8% have put me in position for a comfortable retirement. Until AOC and Biden decide I am not entitled to what I earned and saved.
Start saving as much as you can in your 20s.
Compound Interest is “The Eighth Wonder of the World”
Hopefully, the first timers took their gains and sold out.
I doubt any serious investors are in Gamestop right now. It’s all people pissing away $600 dollar stimulus checks and blaming Wall Street “greed” for their losses.
I don’t follow GME but for every year going back over 10 years, it’s held more debt than 10 years of its earnings. They may have just paid the debt off which probably came from the wild rise in their stock price. It’s not a good idea to be emotionally attached to financial products.
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