Adult Content Warning

This community may contain adult content that is not suitable for minors. By closing this dialog box or continuing to navigate this site, you certify that you are 18 years of age and consent to view adult content.

Finance Thread

Discussion in 'Permanent Threads' started by ryrob, Oct 21, 2009.

  1. Nettdata

    Nettdata
    Expand Collapse
    Mr. Toast

    Reputation:
    2,983
    Joined:
    Feb 14, 2006
    Messages:
    26,444
    If they were smart they’d sell all they can to build up a war chest. I know a bunch of insiders were selling like crazy at the $140 mark.
     
  2. xrayvision

    xrayvision
    Expand Collapse
    Emotionally Jaded

    Reputation:
    525
    Joined:
    Oct 22, 2009
    Messages:
    6,413
    Location:
    Hyewston
    I think they go kaput or they need to rebrand themselves somehow. There’s a little bit of a resurgence in the board game market because of covid. Really good board games are actually fun. The old school basics are shit. Becoming something of a hobby shop might do well.

    Either that or they vanish. No one goes to the store anymore to buy video games.
     
  3. Nettdata

    Nettdata
    Expand Collapse
    Mr. Toast

    Reputation:
    2,983
    Joined:
    Feb 14, 2006
    Messages:
    26,444
    They've already got plans to pivot: https://www.thegamer.com/gamestop-investor-turn-company-amazon-competitor/
     
  4. GcDiaz

    GcDiaz
    Expand Collapse
    Emotionally Jaded

    Reputation:
    103
    Joined:
    Nov 10, 2009
    Messages:
    1,532
    I still buy physical games, and I get them online. Gamestop gets no goodwill from me, so long as they pay pennies on the dollar for used games that are still recent.
     
  5. xrayvision

    xrayvision
    Expand Collapse
    Emotionally Jaded

    Reputation:
    525
    Joined:
    Oct 22, 2009
    Messages:
    6,413
    Location:
    Hyewston
  6. xrayvision

    xrayvision
    Expand Collapse
    Emotionally Jaded

    Reputation:
    525
    Joined:
    Oct 22, 2009
    Messages:
    6,413
    Location:
    Hyewston
    I bet that’s what a lot of the redditors are thinking too. This is comeuppance for trying to sell back a $60 copy of donkey Kong country for Super Nintendo and getting $3.50.
     
  7. Nettdata

    Nettdata
    Expand Collapse
    Mr. Toast

    Reputation:
    2,983
    Joined:
    Feb 14, 2006
    Messages:
    26,444
    lol

    Go Charles!

     
  8. Nettdata

    Nettdata
    Expand Collapse
    Mr. Toast

    Reputation:
    2,983
    Joined:
    Feb 14, 2006
    Messages:
    26,444
    DeepFuckingValue has a YouTube channel.

    Here’s his GameStop video from July 2020

     
  9. Nettdata

    Nettdata
    Expand Collapse
    Mr. Toast

    Reputation:
    2,983
    Joined:
    Feb 14, 2006
    Messages:
    26,444
  10. Nettdata

    Nettdata
    Expand Collapse
    Mr. Toast

    Reputation:
    2,983
    Joined:
    Feb 14, 2006
    Messages:
    26,444
    Pre-market sitting at $460 right now.
     
  11. Juice

    Juice
    Expand Collapse
    Moderately Gender Fluid

    Reputation:
    1,450
    Joined:
    Oct 19, 2009
    Messages:
    13,952
    Location:
    Boston
    Yeah, I’ve seen a few of his videos over the last day or so. Either he’s a really professional trader or he’s an actual genius.
     
  12. Nettdata

    Nettdata
    Expand Collapse
    Mr. Toast

    Reputation:
    2,983
    Joined:
    Feb 14, 2006
    Messages:
    26,444
    The way he talks it sounds like he is/was a security examiner. He rolls his eyes at some rather amateurish reviews of companies saying “you can tell they’re not proper securities examiners.”

    Seems like a really nice dude just making a YOLO play from the basement of his rental house.

    For now, at least.
     
  13. Juice

    Juice
    Expand Collapse
    Moderately Gender Fluid

    Reputation:
    1,450
    Joined:
    Oct 19, 2009
    Messages:
    13,952
    Location:
    Boston
    The hedge funds are going to be coming for him, in a good way.
     
  14. GcDiaz

    GcDiaz
    Expand Collapse
    Emotionally Jaded

    Reputation:
    103
    Joined:
    Nov 10, 2009
    Messages:
    1,532
    How's that, now?
     

    Attached Files:

  15. GcDiaz

    GcDiaz
    Expand Collapse
    Emotionally Jaded

    Reputation:
    103
    Joined:
    Nov 10, 2009
    Messages:
    1,532
    Seems like all the WSB darlings are suddenly "not supported" on RH. I can sell my current holdings but cannot buy any more.
     
  16. xrayvision

    xrayvision
    Expand Collapse
    Emotionally Jaded

    Reputation:
    525
    Joined:
    Oct 22, 2009
    Messages:
    6,413
    Location:
    Hyewston
    My Nokia shares are still queued and I’m almost willing to bet that they will be rejected. Something shady is happening again with RH.
     
  17. Popped Cherries

    Popped Cherries
    Expand Collapse
    Emotionally Jaded

    Reputation:
    153
    Joined:
    Oct 26, 2009
    Messages:
    1,742
    Location:
    NY
    Yeah the shady part is people that front run trades on a platform are pissed they just blew 4bn dollars trying to cover a position of another firm and are making sure someone pays for that.
     
  18. Juice

    Juice
    Expand Collapse
    Moderately Gender Fluid

    Reputation:
    1,450
    Joined:
    Oct 19, 2009
    Messages:
    13,952
    Location:
    Boston
    CNN and CNBC (aside from Jim Kramer) have really been looking to connect the GME activity to populism and Trump supporters. I imagine the point is to legitimize a call to shut things down, or at least slow them. A guy CNBC this morning said that this is no different than the nihilism of people storming the Capitol.
     
  19. xrayvision

    xrayvision
    Expand Collapse
    Emotionally Jaded

    Reputation:
    525
    Joined:
    Oct 22, 2009
    Messages:
    6,413
    Location:
    Hyewston
    These fucking people. Wsb has done more to unite people across political spectrums than any politician has even tried to do. And all of their financial backers are probably screaming into their phones right now. It’s funny though. Y’all Qaeda probably doesn’t even know much about this.
     
  20. Revengeofthenerds

    Revengeofthenerds
    Expand Collapse
    ER Frequent Flyer Platinum Member

    Reputation:
    1,080
    Joined:
    Feb 26, 2011
    Messages:
    13,451
    I have $132 in E*TRADE and I just wanna fuck with the big guys at this point. It’s not a lot, but it’s something I can hold, lose, and not cry over. Other than gme or bb, what the play with that?