on the outside now, but from what i hear i think the management is way better now then it's been in a long time and they've already gone through some of the painful stuff like shuttering underperforming locations, and the e-commerce has done a lot better than people thought
― Blues Guitar Solo Heatmap (Free Download) (upper mississippi sh@kedown), Wednesday, 27 January 2021 19:23 (three years ago) link
i mean i can totally believe there's a bullish case for gamestop once malls reopen, but a market cap of $22bn seems a bit of a stretch tbh.
― π ππ’π¨ (caek), Wednesday, 27 January 2021 19:25 (three years ago) link
I mean all companies always need cash, a lot of companies they ipo have never made a profit. Let's just put all of these struggling companies out of their misery by enriching hedge funds and their uber wealthy clients. red dildo emoji.
― Yerac, Wednesday, 27 January 2021 19:26 (three years ago) link
GME & AMC trading suspended
― (β’Μͺβ) (carne asada), Wednesday, 27 January 2021 19:27 (three years ago) link
there was a time when they were trying to save space, we told them don't throw away those fuckin NES boxes and instruction booklets, don't get rid of the saturn stuff, etc etc but they tossed a lot of boxes, cases etc because it was easier to warehouse, so dumb, they could have basically started their own bidding auction site on old shit like those sneaker apps and shit
no kidding - I'm kinda stunned how much all the junk vinyl I bought in 2005 is now worth, and it occurs to me that if you were astute enough you could've done the same thing with old video games. when I moved out of my buddy's place I just left all my Gamecube games there, in fact I probably told him "whatever keep 'em LOL" and now that I look it up I probably gave away like $700 worth of stuff. probably could ask for it back, I'm sure it's just sitting in a box somewhere, but that's sort of a Curb Your Enthusiasm situation
― frogbs, Wednesday, 27 January 2021 19:28 (three years ago) link
The Tendieman has come.ht u/quigonshin pic.twitter.com/MfD1aqNSO3— wsb mod (@wsbmod) January 26, 2021
― Joe Biden Stan Account (milo z), Wednesday, 27 January 2021 19:28 (three years ago) link
Companies take debt - offerings aren't the only (or even, I think, the primary) way to raise cash. I am very pro-shorting as a general phenomenon because it's a check on scam companies and irrational exuberance. Equal amount of red dildo emoji for bullshit IPOs.
― longtime caller, first time listener (man alive), Wednesday, 27 January 2021 19:28 (three years ago) link
xpost oh yeah it's crazy but I think a lot of ppl just read "retail is dead" articles and assumed Gamestop was like a month from going out of business (prior to all this)
― Blues Guitar Solo Heatmap (Free Download) (upper mississippi sh@kedown), Wednesday, 27 January 2021 19:30 (three years ago) link
trading isn't suspended.
― Yerac, Wednesday, 27 January 2021 19:31 (three years ago) link
β π ππ’π¨ (caek), Wednesday, January 27, 2021 2:25 PM (five minutes ago) bookmarkflaglink
someone on twitter pointed out that slack has a market cap of $25b and has 1/16th the annual revenue of gamestop. fair cop, i guess.
― tiwa-nty one savage (voodoo chili), Wednesday, 27 January 2021 19:31 (three years ago) link
haha fair
― π ππ’π¨ (caek), Wednesday, 27 January 2021 19:32 (three years ago) link
check the market cap of any other company you think is crappy and compare.
― Yerac, Wednesday, 27 January 2021 19:33 (three years ago) link
what physical retail businesses with larger market caps? just target and walmart?
― π ππ’π¨ (caek), Wednesday, 27 January 2021 19:35 (three years ago) link
home depot, costco, lowes too i guess.
― π ππ’π¨ (caek), Wednesday, 27 January 2021 19:36 (three years ago) link
yerac how do i get these people to buy stock in my employer before it next vests to me?
― π ππ’π¨ (caek), Wednesday, 27 January 2021 19:37 (three years ago) link
Market cap of an early stage company is 95% growth expectations. I happen to think those expectations are bullshit when it comes to Slack, but it's very much apples and oranges to gamestop. It's a speculative bet on the potential of Slack to become some kind of global business enterprise software giant. There's no version of that case for gamestop.
A better comparison might be another retailer of non-perishable items. For example, Gap has annual revenue of $16 billion and a market cap of less than half that amount.
― longtime caller, first time listener (man alive), Wednesday, 27 January 2021 19:38 (three years ago) link
do you work at gamestop? if not, shrug emoji.
― Yerac, Wednesday, 27 January 2021 19:38 (three years ago) link
And Gap clothing isn't being replaced by a digital product
― longtime caller, first time listener (man alive), Wednesday, 27 January 2021 19:39 (three years ago) link
This just feels a lot like the old penny stock email scams, but magnified in power by social media.
― longtime caller, first time listener (man alive), Wednesday, 27 January 2021 19:40 (three years ago) link
It's a speculative bet on the potential of Slack to become some kind of global business enterprise software giant
that makes sense. in slackβs case it might also be a bet that the company gets acquired for lots of money
― tiwa-nty one savage (voodoo chili), Wednesday, 27 January 2021 19:42 (three years ago) link
Biden team is "monitoring the situation" around GameStop.— Jennifer Epstein (@jeneps) January 27, 2021
― (β’Μͺβ) (carne asada), Wednesday, 27 January 2021 19:43 (three years ago) link
xp. it is bulllshit but also you could make money out of it if you got in early enough and it fucks over hedge funds? where's the downside? gambling is fun.
― Fenners' Pen (jim in vancouver), Wednesday, 27 January 2021 19:43 (three years ago) link
threab
Apparently at 1:32pm, a 587k shares of GameStop traded at $327 a share, which is $187 million. That's not coming from Robinhood. Wall Street is on both sides of this battle. Ugly stuff.— Matt Stoller (@matthewstoller) January 27, 2021
― lagβn, Wednesday, 27 January 2021 19:44 (three years ago) link
Biden is monitoring some goya beans too.
― Yerac, Wednesday, 27 January 2021 19:44 (three years ago) link
xp oh sure, I actually like it more than the email scams because it feels more like a bunch of internet trolls in on the game rather than a bunch of old people getting swindled.
― longtime caller, first time listener (man alive), Wednesday, 27 January 2021 19:45 (three years ago) link
.@TDAmeritrade puts the brakes on $GME $AMC Live coverage: https://t.co/VH1LDKpHxM pic.twitter.com/ugBT8qrVp8— Anthony DeRosa π½ (@Anthony) January 27, 2021
― (β’Μͺβ) (carne asada), Wednesday, 27 January 2021 19:48 (three years ago) link
there are some restrictions with some brokers now on certain options strategies and i think buying in a margin account.
― Yerac, Wednesday, 27 January 2021 19:51 (three years ago) link
Slack is already getting acquired, by Salesforce
― Canon in Deez (silby), Wednesday, 27 January 2021 19:58 (three years ago) link
ha i just search for my employer on WSB and the discussions are amazing
it's 50% people saying things that turned out to be correct, and 50% people saying things like "This is god damn brilliant. I didn't read a word but he typed so much he has to know what he's talking about. I am in baby" and " why would i buy when lil yachtyβs new album will certainly sink the market upon release".
― π ππ’π¨ (caek), Wednesday, 27 January 2021 20:02 (three years ago) link
also my employer's stock is up 7.5% today wtf
β Canon in Deez (silby), Wednesday, January 27, 2021 2:58 PM (seven minutes ago) bookmarkflaglink
d'oh, yes it is. what a year the last two months have been
― tiwa-nty one savage (voodoo chili), Wednesday, 27 January 2021 20:06 (three years ago) link
the no-code/low-code platform wars are just beginning
― Canon in Deez (silby), Wednesday, 27 January 2021 20:07 (three years ago) link
I learned there was still such a thing as Gamestop from this whole kerfuffle, I thought people downloaded their games now
― Guayaquil (eephus!), Wednesday, 27 January 2021 20:08 (three years ago) link
god I'm gonna be so tilted if my option on AMC isn't executed, could easily bank a few k if it works out
― k3vin k., Wednesday, 27 January 2021 20:22 (three years ago) link
oh man good luck
lol i am up $59 since i got into it this morning
― Blues Guitar Solo Heatmap (Free Download) (upper mississippi sh@kedown), Wednesday, 27 January 2021 20:28 (three years ago) link
like, what's the out on gamestop are they just going to say 1-2-3-go and dump everything next week or what that's the part i don't get
― Its big ball chunky time (Jimmy The Mod Awaits The Return Of His Beloved), Wednesday, 27 January 2021 20:32 (three years ago) link
yeah same, I have a hard time understanding how this ends.
or understanding how people are understanding how this ends, if that makes sense.
― Van Horn Street, Wednesday, 27 January 2021 20:53 (three years ago) link
it ends with grandma losing her house
― frogbs, Wednesday, 27 January 2021 20:54 (three years ago) link
i think we're in let's do it and be legends mode rn
― Blues Guitar Solo Heatmap (Free Download) (upper mississippi sh@kedown), Wednesday, 27 January 2021 20:54 (three years ago) link
dammit, option was canceled. no idea why that happens but thatβs a bummer. I canβt afford to buy option at the current price
― k3vin k., Wednesday, 27 January 2021 21:04 (three years ago) link
>This man on Fox News just said that they should βban social media from talking about short stocksβ pic.twitter.com/lYs54F2Yu3— cirno++ (@cirnoplusplus) January 27, 2021
― soaring skrrrtpeggios (jon /via/ chi 2.0), Wednesday, 27 January 2021 21:42 (three years ago) link
β Van Horn Street, Wednesday, January 27, 2021 12:53 PM (forty-eight minutes ago) bookmarkflaglink
there's discussion on the subreddit
https://www.reddit.com/r/wallstreetbets/comments/l5x0fc/gme_endgame/
― Fenners' Pen (jim in vancouver), Wednesday, 27 January 2021 21:42 (three years ago) link
FAQ 6: What is the next stock?Get this thought out of your head. Yeah you just joined WSB and made a few bucks and now you think you found yourself an investment club. No. This is a forum for folks to share their risky trade ideas, not a place to coordinate to manipulate the market. Yes, at the moment the consensus is that we can make a boatload of money off of dumbass hedge funds, but think of it less like a pack of draft horses following a path and more like a room of angry, shitting monkeys who happen, for the time being, to be throwing their shit in the same direction.
I particularly liked this part.
― soaring skrrrtpeggios (jon /via/ chi 2.0), Wednesday, 27 January 2021 21:44 (three years ago) link
yeah some of the WSB guys crack me up
― frogbs, Wednesday, 27 January 2021 21:45 (three years ago) link
Isn't that guy calculating the multipliers all wrong using the float instead of the total market cap?
xp
― longtime caller, first time listener (man alive), Wednesday, 27 January 2021 21:46 (three years ago) link
and the 150k I YOLO in was disposable income I can afford to lose.
lol, unless I'm wildly out of touch with reddit slang, this makes me doubt even more the "little guys" narrative here.
― soaring skrrrtpeggios (jon /via/ chi 2.0), Wednesday, 27 January 2021 21:52 (three years ago) link
Before now it seemed like WSB were all STEMlord software developers and the like but they're still littler guys than Steve Cohen.
― Joe Biden Stan Account (milo z), Wednesday, 27 January 2021 21:55 (three years ago) link
people have been deeply trading on there all last year during the huge bull run, that disposable income is likely from past gains.
― Yerac, Wednesday, 27 January 2021 21:58 (three years ago) link
xpost - Def "little" compared to guys like Cohen, but from some of the mainstream articles going around these last few days you didn't get the sense that it was also guys with $150,000 just sitting there for the right meme.
Undoubtedly past gains, just saying I didn't expect to see guys casually dropping six figures on this like its NBD. Just a world I cannot relate too at all.
― soaring skrrrtpeggios (jon /via/ chi 2.0), Wednesday, 27 January 2021 21:59 (three years ago) link
I saw a tweet in response to an article about this that really helped me understand the mindset of the more casual redditors jumping on this (there was some other questionable stuff in this user's timeline so I didn't want to link directly):
"I have a real job so losing $50-$100 in order to watch Wall Street goons lose millions and their livelihoods is music to my ears"
― soaring skrrrtpeggios (jon /via/ chi 2.0), Wednesday, 27 January 2021 22:26 (three years ago) link