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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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18437240 No.18437240 [Reply] [Original]

Why the fuck is this stock going up every day?

>> No.18437252

>>18437240
Stores aren’t even open and the future of GameStop looks so bad, why are people pumping it? This makes no sense to me. I wanted to buy puts on this piece of shit but it’s up 7-12 percent every day the markets are open after it reached 2.80$

>> No.18437276
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18437276

why not? evetrything is fine

>> No.18437305

>>18437276
Sure seems like that is the case for GameStop. I know people making so much profit with calls on this.

>> No.18437398

>>18437305
Bump

>> No.18437408

>>18437252

You know their parent company is buying 75% of the public stock right?

How the fuck could you even consider shorting knowing this? And if you dont you need to never trade again as you show incompetence

>> No.18437415
File: 828 KB, 440x245, VincentAdultman.gif [View same] [iqdb] [saucenao] [google]
18437415

>>18437240
>"sorry we can't retire your Assassins Creed, it's damaged"
>"I'LL CRUSH YOUR STONKS!"

>> No.18437422

>>18437408
So it’s too late to put calls in? And how was I supposed to know that shit???

>> No.18437452

>>18437422

Its called research and knowing what you are doing

>hurrr how was i supposed to know a public announcement of private acquisition of a stock in regards to one im looking at.

I guess with Robinhood we have tons of ppl like you to provide liquidity and easy rekts now because they have no idea what they are doing and just long or short without much information

>> No.18437484

>>18437240
boomers probably think that it's where all the gamer geeks get their gamer gear and etc. during this coronavirus^tm and co. holiday!

>> No.18437497

Isn't Gamestop going down the Blockbuster route to bankruptcy?

>> No.18437501

>>18437452
But GameStop fucking sucks. Why GameStop? Literally one of the worst companies I can even think of right now...

>> No.18437614

>>18437497
I thought so till I see it’s up nearly 50 percent in the last week. It’s a short squeeze but it’s annoying that I missed out on it, I was either going to buy shares or calls for 4.50 that expire on the 17nth because my cousin did that and is up so much fucking money off a 400$ initial. It’s stupid

>> No.18437632

>>18437614
But last week everyone in this board told me only a retard would invest long or even short in such a stupid company “hurrr from 60 to 3 dollars”

>> No.18437639

>>18437614
It might work for some day trades but I wouldn't go long. I don't see how they can last another 5 years.

>> No.18437647

>>18437422
Why the fuck would you invest in a company without doing research on it. Holy shit you have to go back

>> No.18437651

>>18437639
I never intended to go long. It’s literally up 13% just pre market. It’s pumping like crazy. I missed out as always :( forever poor because I listened to this board.

>> No.18437664

>>18437647
My cousin told me it’s going to practically double by the end of April. I was listening to his judgment. Guess he was right and I was too bearish

>> No.18437686

>>18437240
The guy Christian Bale played in The Big Short invests in gamestop.

Maybe someone will buy it and make it better idk

>> No.18437711

You idiots were told about the opportunity so many times on this board.

But instead of listening, you rather just circle jerk with other retards for the opportunity to stroke your tiny ego for a moment.

Now was it worth it? And again, you are still being given the opportunity and advice to BUY NOW because it's going to 20+ but again, nobody will listen and we'll see more cry baby threads bitching about why it didn't "muh blockbuster" despite all the evidence against it that you refuse to actually research or read.

Stay poor biz

(12k shares bought at 3.50, calls bought at 2.xx last week that are over 500%)

you haven't seen nothing yet, nobody has even mentioned the upcoming proxy vote that is going to recall all the short shares this week adn cause a massive short squeeze...

>> No.18437716

>>18437686
Michael Burry !! If you are on /biz/ you should remember his damn name

>> No.18437728

People are obviously buying it and I had the perfect options entry when it was at 2.80 a week ago. Now it’s 4.50$ baka

>> No.18437775

>>18437711
So do you suggest I buy calls right now?

>> No.18437781

>>18437686
He also jsut bought another 1 million shares last week...

Here is a summary of what is going to spark the massive short squeeze this week. TLDR Every share is shorted, board of directors vote coming up for key position, everyone has to recall their shares to vote, forcing all the shorts to cover their positions and buy back shares. This is unavoidable, a certainty, and it will be spectacular.... get in now or miss out on the opportunity of a lifetime

https://seekingalpha.com/article/4336290-gamestop-shareholders-must-call-in-shares-april-20th-to-vote

>> No.18437839

>>18437686
Just because this contrarian autist got it right once (he got it right big time but still) doesn't mean he's a psychic that can see the future. There is no way Gamestop is going to live much longer, their model is completely outdated and they missed the window of oppurtuinity for moving into the online market long ago. They also have missed the great opportunity to really get some sort of digital return store up i.e. reselling digital games. I give them 5 years max then they are gone.

>> No.18437854

>>18437240
Because Burry knows

>> No.18437864

>>18437839
They very well may be gone in 5-7 years, but that's not a good reason to not 10-20x your money over the next 1-2 years.

>> No.18437877

>>18437864
Do you suggest buying shares outright or just call options for the next month?

>> No.18437903

>>18437877
I have both,

12k shares I'm holding for 1-2 years, and I have calls I'm holding that expire April 17th and May15th for the short term proxy vote squeeze.

Fundamentally the stock price will go up probably 10x over the next year, but in the short term trading noise, this week/month is going to have a huge movement because of the board of directors vote which is what my calls are for.

>> No.18437930

>>18437781
>>18437864
If what you say is true about the vote then there may be an opportunity for money but the way
>>18437686
phrased it made it seem like he was just buying shares and holding them, which is just retarded.

>> No.18438017

>>18437930
Holding shares isn't retarded, go do some research. The business is absolutely undervalued, and has 0 chance of going bankrupt. Actually look into it yourself instead of buying the 'blockbuster' meme

https://www.macrotrends.net/stocks/charts/GME/gamestop/gross-profit

Does this look like a company in trouble to you? Yes there is a decline, but put it in perspective of the console cycle, and is that decline as big as expected based on all the sky is falling circle jerking you hear? Probably not even close...

>> No.18438096

zoom out

>> No.18438105

Haliburton, shell, or rtx?

>> No.18438206
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18438206

>>18438096
Why? I'm doing fine over here. Sad thing is you were all given the same advice and could be enjoying the same gains....

>> No.18438406

nice thing i'm europoor, can't even participate. degiro has a 15min market delay and no i can't live trade it

>> No.18438866

>>18438206
fucking hell what strike price and expiry is this?

>> No.18438911

>>18438866
$4 strike, 4/17 expire

I also have 3.5 strikes with 5/15 expire that are up 620% right now

>> No.18439089

>>18438911
this is absolutely based. do you have many contracts?

>> No.18439169

>>18437501
whether a stock is a good trade has nothing to do with whether or not you think the company is good, it has to do with whether the price is appropriate for it when compared to the alternatives

>> No.18439180

>>18437240
Told you to long the bottom, dumb cunts.

>> No.18439858

>>18439180
It’s too late isn’t it

>> No.18440005

Yo 20 percent :/

>> No.18440039

>>18437240
DEAD CAT BOUNCE RETAIL IS DEAD

>> No.18440162

>>18440039
You are such a meme, great technical analysis retard.

>> No.18440195
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18440195

>>18440162
This company is going under but by all means buy the stock and then watch as it gets shorted...

>> No.18440201

>>18437240
People buying the index

>> No.18440219
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18440219

>>18440195
I have been watching, and buying the bottom and doing just fine. Stay poor

>> No.18440245

>>18437240
People buy index funds, Micheal Burry tweets, and 100%+ short interest.

Unironically if we have a sharp rebound forced buying might take $GME to $12+.

Do not short this stock.

>> No.18440268

>>18437781
Jesus

>> No.18440301
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18440301

>>18440219
What do you think is going to happen when companies are no longer selling hard copies? Everything is going digital/cloud. Pic related, you're only up in the short term before it goes down once again.

>> No.18440334

>>18437240
A few weeks ago, I went to GS to get some games before they closed down due to the quarantine. We arrived a few minutes early but there was a crowd of like twenty people waiting for the store to open. People are going to GS to buy video games because there is nothing elde better to do.

>> No.18440345

>>18440301
they'll sell consoles and video-game themed dolls or t-shirts.

>> No.18440375

>>18440301
You are very smart, let me guess your typical investing strategy. You see a line, and you draw that line into the future and assume that trend continues. I wish I had that kind of investment insight.

>> No.18440448

>>18440301
You know nothing about the stock, the business model, revenue, cash on hand, cash flow, stock buy backs, short float %, various revenue streams, etc. All you konw is that one chart you posted with a line going down, and your brilliant investment deduction is line must continue down!

Bravo man

>> No.18440507

>>18437614
To many idiots in the stock market right now. People are going to get rekt so fucking hard

>> No.18440511

>>18440448
Wow wish I was as smart as you and ignore a 5 year DOWNWARD trend of a failing business...enjoy losing all your money goy.

>> No.18440521

>>18437240
Because boomers think this is how all the people stuck at home are buying vidya

>> No.18440523

>>18440511
You would have been saying the same thing about Best Buy in 2012, just following the herd.

>> No.18440528

>>18440345
Why would any company need a brick and mortar store when they can leverage a company like amazon to deliver these consoles?

>> No.18440535

>>18437240
>>18437252

is this your first exit pump? they're going bankrupt soon. gamestop won't even exist by next year. this is the last pump so the CEO and whales can dump on you one last time

>> No.18440543
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18440543

>>18440523
Implying Best Buy and Game Stop are the similar, bad argument.

>> No.18440598

>>18440543
Why didn't Best Buy fail? You forget, retailers can adapt their business model...

>> No.18440640

I used to basically live in gamestop and I don't think I've stepped foot in one since 2015. Amazon is a better service, hell, even best buy is better. Even those who refuse to do digital can just have their games mailed to them. The days of standing in line at midnight with a bunch of people who don't take baths just so you can get a hard sell by some roastie to buy game informer subscriptions and protection plans while you spill spaghetti all over yourself is over

>> No.18440667

>>18437240
They just rolled out the new Battle Toads game.

>> No.18440675

Reggie Fils-Aimé baby! CANT STOP THE ROCK!

>> No.18440677

>>18440543
People were comparing Best Buy to Circuit City just like people compare Gamestop to Blockbuster even though business models of the latter are completely different.

>> No.18440693

>>18440640
Your loss, games at Gamestop are usually cheaper. The only place that beats them on price is private sellers on eBay usually.

>> No.18440826

>>18440528
they will hire gamer girls and attract thirsty betas

>> No.18441194

>>18437240
People believe Reggie will attract diehard Nintendo consumers and that'll overcome the underlying terrible business model. That's it. Also, they're right to believe it.