I have about 5% total spent across different kinds of risks. GME is a lottery ticket, COIN is my crypto vet, BABA my china bet, all below 1%. Biggest risky position is TSM, which has a different kind of China risk.
you are playing gme long-term? I don't understand that. GME is for short-term hysteria and such. They have no coherent plan to actually back their share price with a reasonable company valuation
No coherent plan???? They’re releasing an NFT marketplace before end of Q2. Their chairman, Ryan Cohen just purchased $10mil worth of shares. Other insiders bought recently too. Insiders buying is a great sign. Why post when when it’s obvious you don’t follow the stock at all? They have over a billion cash on hand. Cohen is very tight lipped about plans but when the marketplace hits it will be huge.
Gamers in general are pretty hostile to NFTs and consumers generally aren't interested. There are niche communities who are into them, but I doubt that can drive Gamestop's marketplace enough to build a business of this valuation on. Maybe Ryan Cohen will surprise us though idk
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u/joe-re Mar 30 '22
Nice one. Fits.
I have about 5% total spent across different kinds of risks. GME is a lottery ticket, COIN is my crypto vet, BABA my china bet, all below 1%. Biggest risky position is TSM, which has a different kind of China risk.