Gamestop Stock Outperforms Market on Strong Trading Day

[jorgevlorgan]

https://www.marketwatch.com/story/gamestop-corp-cl-a-stock-outperforms-market-on-strong-trading-day-01612387975-82c58d99bc26



Nice sale. Bought more.

[frazzled]

1. Funny money

Game Stop is still a worthless company, except on paper, for the moment.

[sweetloukillbot]

2. Only lost 400 points in the past week

Sounds like a safe bet...

[jorgevlorgan]

3. What's that put them over the last year?

+2,300% or so?

[sweetloukillbot]

4. Hey, if you wanna throw money away while it's on the way down, go for it

Elon Musk and the reddit market manipulators are laughing all the way to the bank.

[jorgevlorgan]

6. ACtually the "reddit money manipulators" are happily losing millions.

Just to keep the stock from falling as hard. Being in that boat is still not bad. Paid off the student loans, per se.

If these "reddit money manipulators" actually laughed to the bank, gamestop would already be a penny stock again.

[sweetloukillbot]

8. Sure they are...

I'm sure they're all happily losing money because that's why people invest in the stock market. For everyone whose losing, someone is gaining, and it ain't the fool who gets in when it's 90 and falling.

[jorgevlorgan]

11. Well I can only vouch for myself

I'm winning. Staying. And buying more. Although the conventional wisdom of not doing that is likely wise. I'm sure most of what you say is true, but I'm too dumb to care.

[BGBD]

5. Somebody is set to lose their shirt

on this Gamestop stuff and it won't be hedge funds.

Gamestop isn't going to be in business all that much longer with platforms going to digital games and away from optical drives more and more.

This is a big obvious bubble.

[jorgevlorgan]

7. Gamestop has actually had a pretty solid plan to transition.

I imagine the influx of cash this creates will help them execute it a little faster.

[sweetloukillbot]

9. Wow... You actually believe that?

Here's some advice, don't listen to Elon Musk, Mark Cuban, or Reddit when you are looking for investment advice.

[jorgevlorgan]

13. I didn't. I listened to myself and did pretty well.

And am thankful for it.

[BGBD]

10. What's the plan?

The only reason I use gamestop is to change out games, and if I'm not on a physical media anymore there's no way to do that and there's no way to buy cheap used games from them.

Half of their store now is tee shirs, those pop toys, and memorabilia. None of which have I ever seen anyone buying from there.

I don't get why I'd go there when I can just buy everything straight from the PlayStation store on the console. Unless Gamestop can get exclusive rights on some big titles, but I'm sure Sony and Microsoft will only allow games on their platforms if they are also available in their stores.

[jorgevlorgan]

12. Agreed.

https://www.businessinsider.com/gamestop-ceo-plan-save-company-2019-8

[BGBD]

14. It

sounds like the entire plan is "fire everybody we can and find something else to sell."

I don't think they are going to be able to remain a national chain welling used copies of Madden '13 and replicas of Shadowmourne.

They'd do better turning their focus to tabletop gaming, but there isn't enough market there to keep a national chain in business.

[jorgevlorgan]

15. Of course this is all before the stock skyrocketed 1,000%.

Hedge funds will try to bet hard again shorting this soon. And they will need to take another 1.5 billion dollars from another hedge fund after they lost big.

[BGBD]

16. It's already 400

Points off highs.

Did any of that money get realized by the company? A cash influx is nice, but without fundamental support for it it won't help.

[Hav]

17. Great performance, up 2.6%...

after only losing what was it, 60% yesterday alone?
And all of today's gains are lost after closing.

[sweetloukillbot]

18. And down 35% today

Smart purchase yesterday...