/biz/ - Business & Finance

Console releases this week. GME Bros, I'm tired. Too many ups and downs. Too much going to with the election, PLTR, Bitcoin, yada yada. What was the original game plan? Short squeeze and sell before, during or after console releases? My hands are so iron my mind is hardening as well.

Calm me down and tell me things that make me feel better about buying 1/15/21 27 and 30c options last week wasn't a bad idea.

>>23139936
Trimming at $20, holding some through end of 2021 for them to prove e-commerce earnings (future growth, $30-$40 a share stable) can outlast the console release boom (profit without growth, $15-$20 a share collapsing after dividend payout).
Sony, Nintendo, and now MSFT are heavily invested in making this market permanent instead of cyclical.
Instead of looking for the next blockbuster we should be looking for the next corporation-to-corporation bailout.

GME road to $20 begins today.

>>23039397
Can you come up with a reason why best buy would sell more ps5s than gamestop for the first time in history? Or do you just not understand the history of gamestop.

Regardless this stock has always been a volotile piece of shit. This isn't a long term gain, it's a short term fling. We're waiting for the 2 week window where we set up parameters so we sell at our minimum gain amount but look for the highest possible value in November.

>>23014233
the chart says you're wrong

>muh short squeeze
>muh dying brick and mortar
>muh people won't fall for it

Guys, if you seriously don't think GME will go up a decent amount by November/December then you have no fucken idea what you are talking about.
You aren't paying attention to the insane number of sales they've been getting online.
You aren't paying attention to the fact that they're still an incredibly profitable company.
You aren't paying attention to their plans for the future. You meme on Cohen, but why the fuck would someone like him buy 10% of the company? For shits and giggles?

There's no point in explaining it. Let's just see what happens.
If I'm wrong I'll just activate Quantum Immortality.

>>22991333
seethe

>he's not all in on GME

>>22974193
loool i texted my friend's brother who works at Bloomberg about the whole GME thing, including pic related, and he usually responds to my texts about trading/securities related things immediately and in detail. but once i sent him the texts about the GME squeeze, he stopped replying and hasn't replied since yesterday. i sent him pic related

>>22938187
>GME to 100$
>>22938190
Don't fucking wait for it to go to 100 it won't happen. Your safest bet is to wait for $50 but put a limit sell at $40 as insurance and try to take home $60 if possible.

We're in a depression and gamers are broke, we aren't getting ps4 sales like I'm 2013 when it's the fucking Covid depression.

>>22936245
12th of November is when the consoles release. You got about a hard week of pump and then you dump the fuck out.

$40 is if you want to be safe. If unless you want to wait for it to reach $50 that's all up to you. But you only have 1 week to decide.

Reminder for GME
GME is a great idea for now, but you absolutely need to sell once they reach $40, which will be a week after the next gen console release date.
They have never reached $100 in the last 15 years and they won't do it now. Those shorts will surely pump the price up a tad but your absolute safest bet is to sell once it reaches $40. You're talking about a retailer who sells physical copies. There isn't a chance they will do better than previous generations.

look back at GME stocks throughout the last 15 years you'll notice they never broke past $50 ever. Don't believe the hype when anons tell you it will go past $80.

Sell at $40. If you bought in now at $10 you'll make a solid 4x off your initial investment.

Reminder for GME
GME is a great fucking idea for now, but you absolutely need to sell before the first week of the console release date. They have never reached $100 in the last 15 years and they won't do it now. Those shorts will surely pump the price up a tad but your absolute safest bet is to sell once it reaches $40. You're talking about a retailer who sells physical copies. There isn't a chance they will do better than previous generations.

looking back at GME stocks throughout the last 15 years you'll notice they never broke past $50 ever

Sell at $40. If you bought in now at $10 you'll make a solid 4x off your initial investment.

Heads up GMEbros, I'm switching to the shills' side on Monday. More shorts piling in is fine with me.

>>22819366
Nobody knows. Shorts will feel pressure to cover as the price gets higher. I am holding because I think GME is worth at least $20 long term even without squeeze shenanigans.
Never buy more than you can afford to lose.

If you're not already at least holding a small amount of GME lotto ticket calls, you're a fucking faggot.

HA , HOW YOU LIKE THAT?

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