GameStop Corp. (GME)

Remember when ERIC said he was going to short this to the ground with his $100.00 bucks.
EricInPDX2 6 months ago
There used to be some value in these Yahoo message forums. I made tens of thousands in DRYS conversing with several people on that message board who were experts in bulk shipping.

I have to say on the GME message board there is maybe 2 people out of 100's that have anything intelligent to say. Most of the posts are childish gifs, lies, misinformation, shill accusations.

I'm not from the US originally. I have to say the education system has failed many.

Facts are all attacked. Disinformation is encouraged if it suggests that longs have it right. It is odd that information is so easy to find, but people would rather believe conspiracy theories or ignore real data and believe words from redditers that have some basis in fact but obfuscated to sound intelligent when it's all hogwash.

Make sure you all down thumb this .... yep TL;DR and "keep crying".

It's so EASY to make money investing, but most of you would rather put all your money into a highly speculative investment just because others are doing so. Hopefully when you lose all your money you won't stop investing because it's important and easy to make your retirement easy but doing a little homework.

Lee
2 months ago
Replied to a reaction
$GME conversation
Eric, I think you've about summed it up. The wording on the submission was *extremely* vague, but what was very clear is their desire to issue up to 1 Billion shares, and to have a big number reserved as a form of management compensation. The split and/or dividend is there to obfuscate exactly what they truly want to do.... Which... is consistent with the rest of the business plan for the firm - it's extremely vague.

We also know this - what GME is very good at? It's selling shares, and at a high price that's not backed up with any type of transparent plan. When Cohen can buy what arguably is a fairly small additional position in the company and bump the price up as much as he did, well, there's your plan! He can posture in a way to keep the GME bulls interested, and.... start to sell more shares. It's honestly somewhat ingenious.

I question the ethics around such activity, and perhaps he truly believes that with enough money he can make any business succeed? But... it's certainly legal. And it could work for who knows how long??? I'm happy to maintain a small short position just to stay a bit more interested in how this plays out! But it might take a few years...

What would be truly interesting is if GME gets kicked out of the mid cap index. Why? Because most of the shares owned by institutions is because they effectively have to own it - if their charter is to track the index they mimic, then they own it. Just look at the largest funds that own GME - they're all index funds. If GME got bumped out of the popular index(es), you'd then see mass institutional selling. By definition. To get into the index, you have to have positive earnings in a year. To get booted, well, that's up to the index committee, and they generally don't like bumping companies out. But... it's a clear risk to anyone long if GME can't show positive earnings (trailing 12 months). Which they sure don't have right now.

The saga continues.... Speculate in GME with money you can lose - that's all I can say.

Chad
last year
$GME conversation
i just bought 3 more.. up to 13 now
====
Chad
last year
$GME conversation
just grabbed 2 more at the 204 mark.. woot woot.