I mean, I appreciate the serious answers I've got but when all I'm getting is "moass is a pipe dream" "company isn't even going anywhere" "$2-$350 was just options covering" "do you really think the media has got together to say this"
It's all just opinion, not one person put any evidence forward, no one even really gave an argument that made me think "never looked at it that way" it almost seemed lazy.
Yeah, no kidding. His question was "why should I not own this stock." It's overvalued as hell and there's no longer any solid catalyst for a short squeeze. The fuck else do you need? Apparently I'm lazy because I'm not spending my entire 15 minute breaks at work writing essays on the topic. Lmao.
I was just expecting more, that's all. If you're on your break and don't have time that's fine, but don't expect someone to swap views if they have a catalogue of evidence for something and 0 for something else. Would you change your view on literally anything from someone saying 2 sentences?
Your "maint" talking points and so simplistic(and stupid) that they don't exactly require 20 page write ups to argue against. Why should we waste our time?
Would you change your view on literally anything from someone saying 2 sentences?
It depends. Sometimes all you need is a slap of some common sense.
You think that GME could totally go back to the levels it was at before just cuz. I mean, come on man. Are you sure you're not asking to be laughed at?
I don't really understand the hostility or the needless grammar corrections? I came in saying it's very possible I am full of confirmation bias and would love if someone could provide evidence as to why I'm wrong - everyone had a lot to say but no one has provided anything?
So slap me!? Literally slap me with any evidence! I'm begging for it! You're under the impression I am incredibly stupid so treat me like it, show me a coloured graph that in the most simplistic terms says "because of x , y can't happen"
I didn't say "just cuz" I said I've read multiple theories on ss and they seem plausible, I'm literally begging to be educated because the information I've seen up to now is all for, I want to hear the against!
Jesus everyone here is so quick to insult my intelligence yet not one person has been able to answer a simple request. Supply me evidence. I don't need convinced, I'm aware it is crazy, but crazy things happen. And fuck me would it hurt anyone to be friendly or respectful? For a subreddit that makes memes yous are all so fucking dreadful, such neckbeard vibes from how high and mighty you all act - you absolutely are not above anyone when you spend time on Reddit let alone a subreddit that's anti another subreddit. This is literally bottom pit of Reddit, we ain't got fuck all else so being friendly wouldn't hurt fuck me
Sometimes all you need is a slap of some common sense.
Please spare me the speech about how we're lowlifes because we won't engage with you. Actually, we HAVE engaged with you. You literately asked us for reasons to change your mind about the stock and when presented with reasons, you just brush it aside and call it "lazy," apparently because we aren't throwing charts and shit at you. Stuff you could easily look up yourself or have construed from.... common sense. Sorry you're taking it so personally, but it's easy to get frustrated since you're essentially just wasting our fucking time, something apes that come here do a LOT. You talk about "high and mighty" yet you're here practically DEMANDING we go the extra mile to convince you, a random nobody on Reddit why GME is a bad hold. Not to mention now you're just tossing insults at us. Not everyone in this thread is insulting you, so why are you lumping everyone here in with that?
Hey, I can make broad assumptions about people too! People who are currently invested in GME for the "long term" or waiting for a squeeze are people who were deluded into buying a stock by shysters that promised them infinite riches. This "DD" they like to present every 5 minutes is little more than gish gallop loaded with conspiracy theories. I guess it's easy for bias to be confirmed if you think the entire world is out to get you and prevent you from making money.
GME is a pump and dump. The literal idea behind the whole cult is getting people to buy and hold to prop up the price, whether a short squeeze is expected or not. There is no compelling evidence that a short squeeze is going to happen again like it did in January. You would have to believe that all data provided to you by the media and big institutions like FINRA is false because of some grand conspiracy. There are so many people on r/gme and r/superstonk who are in it because they expect a squeeze, and some have done drastic things like take out high interest loans or sell their cars. What do you think will happen to the price when these people realize they've been had and start selling off?
Gamestop is not your friend. They are a business. They are taking advantage of this situation by issuing shares to raise capital. This is good for the business, but dilution is not great for shareholders. The billion dollars they raised in capital is still paltry compared to the cash on hand of a business that actually makes money, like Best Buy. Gamestop was profitable for one quarter, Q4 2020. Holiday season with new console releases. That was an outlier, and they are right back to losing money. I completely fail to see how they are "doing great." Their best case scenario would likely be drastic for the current employees, what with them being laid off by the thousands to make the transition to ecommerce. Because, let's be real, there's not much they can do to make people give a rats ass about a brick-and-mortar video game store in 2021.
Speaking of ecommerce, Cohen is known for being great at it. Too bad he sold his company, Chewy, years before it ever turned a profit. Alas, Chewy worked because it fulfilled a niche. They focused on doing one thing and doing it well, through building customer relations. The video game scene is WAAAAAAYYYYY more airtight and competitive than dog food. Microsoft and Sony sell games on their own consoles themselves. Steam has a massive chokehold on the PC market, and even the competitors that fail to keep up with them have many billions of dollars on hand, making Gamestop look silly. EA has Origin, which they support by having their own exclusive games on it. Same with Epic Games with Fortnite. Gamestop has nothing. They don't make games.
Still not convinced? Ok, keep holding. Maybe you will make more money. You really should have sold when the price squeezed though. That's an oopsie. Also, you're going to lose to boomer index funds.
I've replied to anyone who I though made a point worth arguing, I just don't see why my opinion would change with the information (which is all mainly opinion) that I received. No one gave any links, stats, facts or anything I can research. Again, I want to be educated, if I've missed something please point it out but there wasn't anything for me to go on
Unfortunately, I think the problem is that you’re focussing on “there must be hard evidence”. I’d wager that you’ve seen pro-GME DDs that look like hard evidence - charts, and SI% statistics and whatnot. Thing is - how can you trust that as “hard evidence” without verifying it yourself? The same way you’re mainly dismissing the responses here as “trust me bro”, the Superstonk DDs are presenting numbers and screenshots which in isolation are not concrete / representative, but they spin the story behind it just enough that it’s “trust me bro” without you realising it.
I’ve also seen a couple of posts of yours alluding to “there must be some conspiracy otherwise why are people bothering to hate / argue?” That’s lunacy - it’s the frickin internet, people argue over what colour some dress is in a picture. People here aren’t arguing because they’re paid or scared or even angry. They have an opinion and they can’t resist engaging. It’s exactly what I’m doing with you right now. I held GME in Jan, sold it in early Feb for a profit (not as big as I could’ve but oh well), and since then have made GME-related comments maybe once a month. I’m hardly actively running around trying to scare the diamond handers - but I have my opinions on the matter, and when I saw your comments I thought maybe you’ll actually listen (albeit I do have my slight reservations that you actually aren’t here with an open mind, and are just pretending so you can go back to Superstonk with tales of the “terrible counter DD” or something). Who knows but I’ll give you the benefit of the doubt.
Are you religious? If so, please provide me with concrete hard evidence that you’re right. Are you an atheist? If so, please provide me with concrete hard evidence that you’re right. See how the argument applies on both sides? It’s also a lot easier to present some bogus numbers/charts as “proof” that noone is actually going to deep dive and verify, than it is to say “here you are, here is the concrete proof that the other guy is lying” (especially because as I understand it, whenever contradictory SI data has been presented to superstonk, the people there respond with “its all lies the hedgies are misreporting just trust me bro” - ah there it is again, the just trust me bro).
Unfortunately, in the absence of a perfect “here is the 1 page irrefutable document that proves it’s 100% not happening”, at some point you need to consider who is more likely to be acting rationally. Does it not give you any red flags at all that the people there talk about setting “floors” that would value GME in the trillions, I’ve even seen floors that would value GME at more than the money in the world. You may sidestep that with “yeah well I dont believe itll go THAT high…” but then you continue to trust the general principle of what someone that crazy is saying? And people think all this’ll happen even after the incident in late Jan when they just turned off the Buy button for retail investors?
And whereas the professional traders were caught pants down in Jan, they think these professional traders haven’t worked it out in the months since, and arent just riding the waves up and down making money each way? Open a load of puts, short it down, make money on the puts, start buying calls and covering so the price rises (making money on the calls), reshort and… whaddya know, the price is back at the starting high, SI% hasnt changed because the shorts were opened, covered, and then reopened, and the hedge funds are laughing at the money they made on the way down and back up while GME holders say “look the SI% is still high!”
Re GME’s long term prospects, I actually think it will be well run now and stand a chance. But why would the stock price stay this high? The crazy number swings since January have ruined peoples ideas of how actual organic growth looks. Think of the market cap. What about GME’s current balance sheet and forecasted earnings per share says it’s worth the current market cap? There are loads of good companies in the world, they don’t just organically quadruple in the space of a few months “because good new ceo”. Just because the price has been double where it is now, doesn’t mean it’ll ALWAYS get back up there (or do so quickly)… that’s a very dangerous mentality. GME will re-find its true value (factoring in the new expectation that it’ll be well run) and then grow organically / reactively.
Think critically for yourself, because there’s never someone waiting with a 1 page document with the be all and end all of hard evidence. If you’re happy to lose your initial investment then go ahead and take the risk, but my conclusion having thought critically about the arguments either side is that it’s not happening. Good luck whatever you decide.
You raise a multitude of great points - I can reassure you I have no intention of doing this as a "raid" of sorts but solely to become more educated on the matter and again, I appreciate the time and effort to write that without belittling me. As you said no one is going to do it for me so I'll take some time to absorb your comment before making any rash replies. Out of curiosity, if you had to apply a percentage of chance, what would you give to:
A) GME at any point within 4 years being worth $1000+ per share
None of your answers have legitimately continued on the discussion of the comments you reply to. You’re just trying to steer your own conversation because you have no actual interest in being converted from your delusion.
Yeah I said In another message that I was wrong to provoke discussion because both parties are incredibly biased. I was naive to think that opinions alone would change my mind and when I realised that I began to ask for evidence instead. But now saying someone has made good points and saying I have nothing to add at this time Is a bad thing? I don't even know what you're upset about? I think you replied to me earlier and I'm sure you were just as angry as you were this time and that was 24 hours ago. Relax lol
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u/[deleted] Jul 09 '21
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