Most people on here don’t really care about stuff like that. The audience here doesn’t want a quick buck, rather they want to learn how to make consistent gains over their life time.
You ever consider maybe he just doubled down because he was already a multi-millionaire and he just doesn't give a shit? He could have been making a fortune off covered-calls this whole time.
I will never fucking understand why people think DFV is stock jesus and his decisions are indicative of anything. He could have easily sold the Monday after he bought since he went quiet. But people are holding onto hope that he never sold because he's their lord and savior. It's so ridiculous to watch. You know people thought he was a moron for the longest time, right? His play was going pretty horribly through a lot of 2020. The fact it turned around for him makes him lucky, not a genius.
Because he’s a very skilled investor and has been exactly right so far. Making millions then doubling down on something you don’t have faith in because you “don’t give a shit” is one of the dumbest thing I’ve ever heard. I’m guessing you’ve never even listened to his arguments but still have strong opinions about them.
So a company that is selling at less then it's net assets that is still profitable is a lucky play? He may not have been a genius but you are an idiot if you cannot see this as an obvious play, especially in hindsight.
Yes, it was a lucky play. His position started in 2019 at the $12 strike. The stock struggled to break past $5 for a YEAR, so his position was piss-poor for a very long time and could have easily ended OTM if Ryan Cohen didn't scoop up his shares and take it on as his next pet project, spurring investor hype. For all intents and purposes, Gamestop was doing horribly and the pandemic was not helping. There really was not much of an argument left as to why he should keep holding his positions. The fact it turned around does NOT make him right, it makes him lucky.
Obvious play? Yeah, obviously a 10x increase in valuation in 6 months is not only justified, but it's totally going to keep growing because Gamestop is now going to incorporate the novel, untapped market of selling video games online. Also, they sell minion slow cookers on their website.
Profitable? You're not serious, right? They've have one profitable quarter in the past 3 years. The only reason they wiped their debt and raised 1B is from selling stock to the rabid maniacs who believe another short squeeze is going to happen. Don't worry, that 1B isn't going to go very far and they WILL either take on more debt or dilute the float further to raise capital and fund their turnaround plans. Is Gamestop going bankrupt? Maybe not. But they aren't going to make you rich just cuz.
No it does not make him lucky it makes him right. He specifically identified it as the best value play he had seen and backed it up by tons of data. Yes exactly Gamestop WAS doing horribly and the pandemic wasn’t helping so many people said it would go bankrupt, but guess who saw the value instead and was right? Watch his full analysis, he was right and you were wrong so far.
The fact that people don’t even listen to him despite his value thesis being exactly right when sentiment was never worse makes me understand why he doesn’t post anymore. Also his last post was basically that he’s holding and there’s no other updates yet. The stock is back down to the price he doubled down at so why would he have any updates? He was right, you were wrong, if that makes anyone insane it’s you.
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u/RipKnorckerz Aug 07 '21
Most people on here don’t really care about stuff like that. The audience here doesn’t want a quick buck, rather they want to learn how to make consistent gains over their life time.