/biz/ - Business & Finance

>>25347974
(cont. discussion with anon from previous thread)
I agree on a lot of that but I disagree with the long term business model. GME has a ton of work cut out for them in the years ahead to stay relevant. PS5 and Xbox Series X still have disc compatibility but I highly doubt the next gen consoles will be anything but download-only. They desperately need to modernize the model and get a stronger foothold in the e-sports / streaming market, and while I'm confident in management's ability to do this I don't think $19/share is a vote of confidence but rather a hopeful bet that the company will be able to make meaningful progress. They made an excellent move to do the $100mm offering, though I would have liked to see a bit more.

I'm like 75% value and 25% growth, and when I got into GME it was definitely a value play. Currently, in the long run this is a growth play but in the short run it's mostly a short/long battle and I'm not experienced enough with such standoffs to feel comfortable playing them. This isn't to say that I think everyone should be cautious like me - if you feel confident one way or another then, by all means, act accordingly. But I see either a crash or a windfall as an inevitability because both sides have a self fulfilling prophecy dilemma facing them. If the shorts start to cut their losses, the longs will profit immensely very quickly. But if the longs begin to take profit in large enough numbers, the sell pressure will overwhelm those who stay in. My word isn't worth anything beyond just the opinion of a random fag on the internet, but I view the latter of those two prophecies as more likely to occur at the current price and so I'd rather begin to get out now and get back in again if it goes <$10.