/biz/ - Business & Finance

The largest psyop for $GME was MOASS theory, specifically that the stock would reach millions of dollars.

This was created to discredit the fundamental play of a company turning itself around from a traditional business model into a profitable business.

Instead of people investing in GME for a risky chance at a turnaround, average investors are steering clear of GME because of the reek of conspiracies, social media attacks, and absolute cringe.

Ryan Cohen will never leave this company, and will likely see it burn to the ground. He has too much skin in the game now and cannot pullout without this affecting whatever credibility he has left.

That being said, I believe that the essential play of GameStop turning its business around is still valid. Is it a risky play? Absolutely. Will it pay if it works out? Most certainly.

Unfortunately, company turnarounds do not happen over night (or within a few years). It's going to be a VERY LONG HOLD. Many people will not hold for long enough, and sell at a loss (already happening).

However, as long as GME stays afloat and does not file for bankruptcy, I believe that the play will still be alive, along with another chance at a short squeeze.

Yes, GME is still a short squeeze play - likely to the same extent as previously experienced, but nowhere near "MOASS" numbers. Seethe all you want, it's true. It can (and likely will) squeeze, but not like the Redditoids expect.

GameStop is synonymous with gaming pop-culture. It will be unfortunate to see the business close if the turn around does not succeed. However, I believe that there is still a chance to see a significant turnaround for the company - regardless of people shilling the recent earnings and Furlong being terminated.

GME will pay with time. If you're not willing to hold through the pain, you won't be rewarded if your risk if it succeeds.

I have autism.