Thoughts on GameStop - Page 3 - Business, Finances and Investing Forum

This is pretty misguided thinking that's common with publishers in all 3 industries. The film and music industry didn't suffer because they digitized their product. They suffered because they refused to accept the shift towards digital content and and customer's needs. People will pay for a product they want if it's easily accessible.

I don't think music sales are as robust now as when the Beatles were around. I suspect that music sales are at a historic low because of the internet, Youtube, et el. I'm prepared for you to show me the figures that prove me wrong though.

As for anti-piracy software, I think hackers could find a way around this, perhaps creating a virtual Xbox 360 emulator on a users hardrive that can bypass anti-piracy software/hardware, whilst drawing on the hardware of the console itself.

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08-17-2011 , 10:00 PM

#52

Shoe

Carpal \'Tunnel

Join Date: Jul 2004 Posts: 11,869

GME is super-cheap right now (but so are a lot of other better companies out there). If they happen to have a 10% dip or something crazy like that after earnings tomorrow I will be buying some shares, they are oversold already though so I'm not expecting that to happen.

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08-18-2011 , 06:48 PM

#53

dollerAday

journeyman

Join Date: Dec 2006 Posts: 231

As a newbie I understand that GME took a big hit because they missed earnings but I was wondering why they rebounded? Was it because they maintained their full year earnings forecast?

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02-02-2021 , 07:54 PM

#54

candybar

Pooh-Bah

Join Date: Aug 2011 Posts: 4,234

Quote:

Originally Posted by Shoe

Bumping this to point out that the true legend was always our own: Shoe. DFV slow pony confirmed.

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02-03-2021 , 01:30 PM

#55

dingdongdonkey

banned

Join Date: Jun 2017 Posts: 1,061

Quote:

Originally Posted by candybar

Bumping this to point out that the true legend was always our own: Shoe. DFV slow pony confirmed.

What's not to like about stock picks that, upon buying, lose 70 % over the first 108 months and may very well still be losing money 120 months in lol

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02-25-2021 , 02:40 AM

#56

fakekidpoker

old hand

Join Date: Jul 2011 Posts: 1,256

Here we go again boys

Just bought 20 shares for yolo

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02-25-2021 , 03:51 AM

#57

TheGodson

veteran

Join Date: Mar 2013 Posts: 3,071

I have one GME stock for fun and it pumped over 100% today. Wow.

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02-25-2021 , 05:45 AM

#58

chytry

Pooh-Bah

Join Date: Feb 2010 Posts: 4,334

^^ you are up another 40% pre. Several thousand more moves like that and you can retire.

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02-25-2021 , 05:48 AM

#59

TheGodson

veteran

Join Date: Mar 2013 Posts: 3,071

Quote:

Originally Posted by chytry

^^ you are up another 40% pre. Several thousand more moves like that and you can retire.

That'd be nice. Unfortunately I'm down from when I bought in though. I also sold most of my shares at a loss. I kept one though for fun and just in case there really is another short squeeze. Wish I hadn't sold my other 10 shares, but hindsight is 20/20.

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02-25-2021 , 06:55 AM

#60

ToothSayer

Carpal \'Tunnel

Join Date: Jul 2015 Posts: 13,237

So I haven't really kept up with this but Melvin Capital testified they hadn't closed their short. Is anyone keeping up? Things could get interesting if they're still holding.

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02-25-2021 , 08:27 AM

#61

chytry

Pooh-Bah

Join Date: Feb 2010 Posts: 4,334

Quote:

Originally Posted by TheGodson

typical retail paper hands

Have you learned something?

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03-01-2021 , 10:33 AM

#62

TheGodson

veteran

Join Date: Mar 2013 Posts: 3,071

I just sold at the open. $105ish. No more of this, I don't feel like babysitting a single share. Good luck diamond hand people.

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03-01-2021 , 11:00 AM

#63

snowie963

banned

Join Date: Sep 2019 Posts: 1,484

Quote:

Originally Posted by ToothSayer

So I haven't really kept up with this but Melvin Capital testified they hadn't closed their short. Is anyone keeping up? Things could get interesting if they're still holding.

no they said they closed their short well before going up into the 300s originally.

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03-01-2021 , 11:02 AM

#64

TheGodson

veteran

Join Date: Mar 2013 Posts: 3,071

I just bought a put option on it instead. It is going down. GME hype will fade out imo.

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03-01-2021 , 11:18 AM

#65

snowie963

banned

Join Date: Sep 2019 Posts: 1,484

which put did you buy? just looking 2 weeks out they don't seem worth it at all. Almost any strike you need at least a 40% drop just to break even.

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03-01-2021 , 11:21 AM

#66

TheGodson

veteran

Join Date: Mar 2013 Posts: 3,071

March 5 $64, I will exit if it goes below $30. Possibly sooner though. I predict this is a false squeeze hype that will die.

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03-01-2021 , 12:07 PM

#67

kekeeke

old hand

Join Date: Apr 2011 Posts: 1,306

Quote:

Originally Posted by TheGodson

March 5 $64, I will exit if it goes below $30. Possibly sooner though. I predict this is a false squeeze hype that will die.

Be careful, any kind of move from GME, Ryan cohen and even DFV in the next weeks will make this skyrocket. 98% sure also melvin hasn't covered, can't go see daddy citibank every month to save their asses.

I'm not long or short, you have balls tho

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03-01-2021 , 06:19 PM

#68

dicky

newbie

Join Date: Aug 2005 Posts: 30

Buying a put or two isn't too risky (but make it a small tiny position). I doubt you profit though. the price could drop and your put still may be worth less if it doesn't drop enough/fast enough.

I've been selling puts most of this time, at $20 or $30 strikes. IV has dropped down a ton from a few weeks ago, but you can still get pretty decent return on weeklies.

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03-01-2021 , 07:41 PM

#69

Brian O'Nolan

Carpal \'Tunnel

Join Date: Nov 2005 Posts: 6,495

If Melvin didn't actually cover their shorts but wants to sell the story that they did, it seems like a no-brainer for Gabe Plotkin to lie to Congress about it. The odds of 1) the lie being found out, 2) being convicted of perjury, and 3) actually serving prison time have to be pretty low.

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03-01-2021 , 09:20 PM

#70

TheGodson

veteran

Join Date: Mar 2013 Posts: 3,071

I think enough time has passed for big corporations to get out of short positions if they wanted to. I think it is mostly wishful thinking at this point. Unfortunately the day ended up positive which may convince WSB to double down and rally harder. In the end I think they’ll lose though. There will be a lot of FOMO. It may have been a mistake to make this trade given the size of the premium in hindsight. Also, my time horizon may have been too short.

These retail traders made a lot in GME, but now they are just going to give it all back to wall street if this continues.

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03-02-2021 , 02:45 AM

#71

kustard

centurion

Join Date: Jul 2014 Posts: 121

Quote:

Originally Posted by TheGodson

Don't think that put is going to work out for you. Momentum and the Cohen factory is going to keep this share price well above your break even point.

Pretty stoked to find out dfv used to post here. The amount of intellect dedicated to ms paint etc.., good times. I spent too much time on these boards 2003-20012.

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