Reddit poster goes from $50k to $11 million off Gamespot stock( now $48 mil)

Oldschooler

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AMC is different then Gamestop. It has real tangibles, just got $900 million to avoid bankruptcy just recently and blockbuster movies will return on screen in the next few months. Will be a thriving business and is not a gimmick. Usually trades around $30-35 so even if you bought stock now at $10-20 you will probably long turn eventually turn a profit (im not a financial advisor please do not make a decision based off this post this is just basic knowledge open to anyone)
Can we recover quickly enough from the pandemic for them not to go bankrupt and use majority of that 900 million. That's the real question. Otherwise i find stock prices nowadays don't really have much to do with the way a company is operating but their potential instead.
 

NkrumahWasRight Is Wrong

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Don't think anyone who knows about this is long on GME... especially at these price points

Exactly. When the fall comes it will be steep and tragic and I'm not trying to time it but that just my personal opinion :yeshrug: I am very happy the short sellers are getting wrecked though
 

itsyoung!!

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Can we recover quickly enough from the pandemic for them not to go bankrupt and use majority of that 900 million. That's the real question. Otherwise i find stock prices nowadays don't really have much to do with the way a company is operating but their potential instead.

I would be shocked if the country is not open in 25-50% capacities by March/April and 75-100% capacities by July/August


and im in california, the strictest state, but I also own a promotion company and nightclubs are already starting to gear up for an open in spring, artists are being booked at arenas for September/October for concerts, etc.
 

Loose

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Exactly. When the fall comes it will be steep and tragic and I'm not trying to time it but that just my personal opinion :yeshrug: I am very happy the short sellers are getting wrecked though
:mjlol: Man I been through enough halts where I can't get out on time. I'm tryna tell these boys especially the people up big get the fukk out don't be greedy
 

peppe

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nikkas need to hold on GME, its not about only making a profit its about making a profit and sticking it to these hedge funds.

these hedge funds are fukked as long as people hold. These HF have too buy in to at least minimise the clusterfukk their in which will continue driving up the stock.
 
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