Threadly reminder to keep all meta discussion pertaining to people who will not be named on this /qa/ thread
Do not respond to this post and do not feed the OP
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Samuel Sanchez
Which are those?
Oliver Diaz
glad I sold SPCE this poo is up to something and it's not good
Gabriel Murphy
I tried to find some good plays on GME but options are too expensive for calls to be profitable vs risk, and there's no good put or spread play possible due to the garbage spread (almost every spread is unprofitable, those that are have crap RR like 0.2 or so). I guess the only way to play GME is to actually hold the shares, possibly with a married put.
Mason Nelson
Now that trump has btfo bobos wat is next?
Cooper Carter
SPCE, FVAC, IPOB, IPOB, IPOC, IPOD, IPOE, IPOF
Michael Nguyen
It isn't too late to buy GME user
Nathaniel Cook
what's wrong with holding shares?
Asher Evans
Betting against the middle class. Same playbook since the GFC
That makes me feel better for only holding GME shares because I didn't apply for options trading to be activated on my account yet.
Evan Perez
You are overthinking this user. Just buy some shares.
Robert Robinson
>options are too expensive for calls to be profitable vs risk >almost every spread is unprofitable Hmmm if only one could sell options.
Luke Gray
Dude single moms are like a dime a dozen in southeast asia, you want a Japanese one though you are gonna have to be rich as fuck. At least 5 million +
Jayden Gomez
>US government offers no more stimulus before 2025 >Wrecks prices for US assets >Splits up FB and Amazon so Chinese companies can more easily acquire them The Chinese won, eh?
Juan Murphy
>After Hours Volume: 332.9K just ignore afterhours, don't even get your hopes up if it's green, unless the volumes actually mean something. If we didn't even get a pullback from rallying up +50% this week, it's possible we might already be in a slow almost-unstoppable cascade of shorts covering.
From what I've heard in these threads, GME was heavily shorted by institutions in the $6-9 range, since we've already passed this range, and institutions are quick to close short positions turning against them, what makes you believe that the short squeeze will continue?
Quadruple witching day just passed too / institutions rebalanced their portfolios
Joseph Morris
i'd like to hear how that's the case other than "he epicly blew out the democrats!!!"
Connor Sanders
>, and institutions are quick to close short positions turning against them, what makes you believe that the short squeeze will continue Read that again.
Hunter Long
You unironically need to /makeit/, the real world is nothing about the stories we were told through anime
Robert Williams
Are the mass Riots next week priced in?
Isaac Foster
Can someone shill me the DD on GME?
Brody Fisher
The Short Squeeze is a nice little icing on the cake that is the fact that GME is already undervalued, is now being guided by an incredibly successful billionaire that isn't stupid enough to pull a blockbuster, and will take home incredible profits from the console season. You have NO downside to this investment. It's so incredibly stupid to miss out on this, the only reason people are missing out is because they hear the word Gamestop and think Blockbuster. Nobody is investing in this thing for 3 years user.
Christopher Barnes
What I'm trying to say is that it's likely they already covered (based upon institution short behavior) If they shorted at $6 they covered before it got to $6.25 Those at $9 witnessing the squeeze would then be more likely to cover before it even crosses $9
What convinces you that institutional shorts haven't covered yet / are letting their losses run?
Jaxson Jenkins
How much does stuff like this effect stock? When delta beat the shit outta that guy did they drop?
I was looking into increasing leverage without going full YOLO, but the best ratio I can get (it's with calls) is like 3x, at which point if the stock doesn't move at least 30% by mid-october you lose everything. With other plays, the leverage diminishes as gains increase
Not sure if retarded or just pretending.jpg
Jayden Howard
CCX boi
Blake Robinson
People are gonna buy the consoles on amazon, dude.
Juan Sanders
Whats the deal with airline stock
Easton Baker
GME IS THE HOT NEW STABLE CRYPTOCURRENCY!
Robert King
I’ve done the DD and I just don’t see how GameStop has ANY value. Like wtf are they even going to do with mr Cohen?
Angel Cook
I do think that coronavirus / lockdowns has increased demand for Gamestop products, just like we saw with Best Buy, that's fair
Without coronavirus Gamestop would have probably gone bankrupt
Profits from consoles won't be reported for so long - do you plan on holding until then? Or just in the coming months?
Nolan Wood
>What I'm trying to say is that it's likely they already covered Short numbers don't support that. Ryan moved the stock 30% by buying 10% of the shares outstanding. Shorts have to buy 130%. Longs will continue to buy cause preorders, buy upgrades, off the credit watch... They're not covering because they can't. It hasn't even started yet.
Gavin Johnson
Gamestop sounds like garbage, I have no idea what all this fuss is about.
Justin Clark
The smarter short sellers have covered by now, as evident by the tiny 5-minute spikes Thursday and Friday morning. But retail shorts keep piling in to short it, whoever thought to short GME this week are underwater now, never mind everyone else who shorted the past year.
We're also using shares available as a surrogate indicator because I don't believe anyone here has access to S3 data. It should still be very close to 100% of the float under the assumption that Cohen is an activist and won't be dumping his shares (he can't dump it without filing SEC either anyways so just reconsider the short squeeze play if that does happen).
That's possible, but Amazon just released a statement saying deliveries were unlikely on release date; so many will probably want to buy in person so they get it on launch
Regardless of what actually plays out, the current expectation that people will be buying their consoles at Gamestop will be a bullish factor
John Bell
Fuck the institutions There's no reason for tech to drop this hard, especially Amazon Fucking niggers
Andrew Thomas
Actually it looks like there's some harvestable premium on synthetic longs so I'll be doing that. Minmaxing shit but eh, it's free money.
Alexander Sanchez
>No reason >P/E ratio 113.58
Jason Gray
>go to gamestop >wait outside for an hour >get coronavirus and a passing riot burns the gamestop down
or
>order on amazon >go to sleep >play games when it arrives
Josiah Jones
100% in 10 years is not lame granted you can achieve with absolutely no knowledge of stocks. Another thing to consider is that amongst investors that own few stocks some will lose incredibly hard and the other will come out way ahead of indexes, but at a much higher risk. Having better returns than index funds without taking on significantly more risk is incredibly difficult.
Leo Bennett
Progressives will destroy Amazon in the coming years through state enforced unions.
Why are people so hyped for consoles on release? Fuck all games
Brayden Lopez
You heavily overestimate Amazon's dominance in e-commerce right now especially when they've stopped doing same-day delivery while Gamestop does that now for vidya shit. Amazon doesn't have lower prices and Gamestop has pretty decent rewards/incentives to keep buying from there. Powerup rewards member card thing should be around 60 million customers from what I remember off the top of my head.
You could ignore the brick & mortar revenue entirely and GME would still be fairly valued. $200 million e-commerce revenue from Q2. GME still valued $500 million market cap company after the Q2 dip. Overall $1 billion revenue for Q2 and GME's past the worst of it already, no more covid/riot cashburn or end-of-cycle woes. ~50 million shares short betting on GME going to $0 and they are already wrong. Debt isn't an issue either, they have enough cash to pay off all their bonds and be left with $300 million. Basically $700 million liquidity at the start of a console cycle, for a company with a $500 million market cap. Gamestop still gets a cut from digital sales because they bundled $100 playstation store and playstation plus cards with the PS5 digital editions. Also pic related, either due to customer preference or retailers purposely stocking less of the digital edition (pretty smart move).
It's only this undervalued because of market shenanigans by short sellers. They ALL have to buy back in eventually unless they want to keep paying 50% interest.
