/biz/ - Business & Finance

>>22425077
>I just wonder how they came to the conclusion to invest in GameStop.
>invest
that's where you're wrong lol
we're all greedy as fuck and baited by the fact that there are ~55 million shares short for a float of ~45 million. And unlike the middle of the pandemic, we know we're already past the worst with the console cycle coming up and Rayan Cohen.
It's the perfect contrarian play because everyone hates Gamestop and doesn't even check to see what their situation is. The company is valued less than 500 million market cap right now. Does that sound right for a company that reported almost 1 billion in revenue this quarterly? Classic value trap that you should normally avoid, except there's speculation potential now, on top of the excessive short selling that remains uncovered.

As bad as some anons here are already bagholding GME at -15% or something, they're still better off than all the short sellers in the red right now who are paying interest and also on the side with unlimited downside. Like -15% or even -30% short term is nothing with the upside potential we're all in this for.