If you win you’re a ‘good investor’ if you lose the ‘system is rigged’.Anyone that remembers dotcom will understand this... overvalue crash...
BUT, sadly people look at things like Tesla which is also massively overvalued (about 70 to 80 times fundamentals), they do not see the walls coming down and can't help but think "I don't want to miss out again." Bitcoin is not helping this out either.
Anyone that has bought gme or AMC in the last week as an investment is a bad investor. It was either a gamble or a donation to screw the man. You may get lucky and make money but it sure as hell wasnt an investment.If you win you’re a ‘good investor’ if you lose the ‘system is rigged’.
no different then people buying pre construction and being smart when the price goes up, and calling the builder greedy when the price goes down and they’re still locked to the original purchase price.
I am 100% gambling on BB. I accept this risk knowingly.Anyone that has bought gme or AMC in the last week as an investment is a bad investor. It was either a gamble or a donation to screw the man. You may get lucky and make money but it sure as hell wasnt an investment.
Let's be honest...most gamers know GameStop sucks so who cares lolWhile I applaud short-seller hedge funds getting burned ...
... and I applaud scrutiny on trading platforms for putting limits on little traders that aren't applied to the big ones ...
Someone's going to be left holding the bag, and GME WILL come crashing down. It's Russian roulette. The company isn't worth what its market evaluation suggests. Mind you, neither is TSLA, and it's far from the only speculative bubble out there.
I don't own any of it, and I am okay with that.
I left BB off my gambling list as it is similar but actually has a valuable product and chance to recover after this bump. Gme and AMC are slowly circling the drain and have no reasonable prospect of ever catching up to their market cap.I am 100% gambling on BB. I accept this risk knowingly.
Will be interesting to see how it opens after the drop yesterday.I am 100% gambling on BB. I accept this risk knowingly.
I ****** up and put in a stop at 600 to cover my ass at 50% of my shares. **** sold at $350. Now I have **** to do so can't fix it lolGME up to $400 from $195 (edit: 355)
BB up from $18 to $22
2 min of open markets.
Let's be honest...most gamers know GameStop sucks so who cares lol
GameStop is gonna go down as a textbook example of how a business failed to react to technology like Blockbuster.They weren't doing great at the start of the pandemic
If they want to be *****, let them fail. A bonus is supposed to reward exceptional performance. Taking the biggest loss in company history should already be sufficient to eliminate bonuses. Hopefully JT makes his first smart decision in almost a year.Last I looked... Government wants a combination of equity, no bonuses for C level execs, other conditions, etc. Airlines want free money with no strings.
The game has been going on for a while. It was one of the motivators for shutting down service to various communities like Cape Breton YQY and many other areas... if you don't give us the money....
Or they are just getting out....If they want to be *****, let them fail. A bonus is supposed to reward exceptional performance. Taking the biggest loss in company history should already be sufficient to eliminate bonuses. Hopefully JT makes his first smart decision in almost a year.