GameStop stock crawling back to the Moon

Started by Legend, Jan 19, 2021, 05:31 PM

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Legend

Jan 19, 2021, 05:31 PM Last Edit: Mar 05, 2021, 06:03 PM by Legend
GameStop Corp. (GME : NYSE) Stock Price & News - Google Finance

Is this the next Tesla? Seems it is becoming a meme stock.

the-pi-guy

https://www.resetera.com/threads/gamestop-gme-stock-surges-amidst-new-board-short-squeeze.360799/


Quote
Ryan Cohen, owner of Chewy.com, had a substantial take in the company and was recently elected to the Board of Directors
Massive short squeeze imminent (happening now)


kitler53

so what you are saying is i should buy right now?
          

Legend

so what you are saying is i should buy right now?
Sure!

No way is gamestop going to go broke within the next 12 months  :P

kitler53

Sure!

No way is gamestop going to go broke within the next 12 months  :P
awesome.  i think i have about $70,000 around doing nothing for me right now.  i'll invest it all asap.
          

Dr. Pezus

Yup have almost 1k in it myself. The short squeeze will happen soon.

Legend

Yup have almost 1k in it myself. The short squeeze will happen soon.
Have you made anything yet? Feels like it will drop in a matter of days.

Dr. Pezus

Have you made anything yet? Feels like it will drop in a matter of days.
It won't drop. I'm in the green. There's a new ceo and it's massively undervalued atm. They are ramping up digital sales, made a deal with Microsoft recently. It's the most shorted stock on the market, which basically means that big investors wanted it to fail and go bankrupt.

Fair value per share is still higher than 40 USD, and when the squeeze happens it might rocket to something like 10 times that for a few hours to days.

Dr. Pezus


Legend

GameStop soars nearly 70%, trading briefly halted amid epic short squeeze

Look at all my tendies
Sell sell sell!

awesome.  i think i have about $70,000 around doing nothing for me right now.  i'll invest it all asap.
Did you do it? Could have made $35,000.

Dr. Pezus

Sell sell sell!
Did you do it? Could have made $35,000.
Lol 35k. Shares are going to fly to at least 400 usd each

Legend

Lol 35k. Shares are going to fly to at least 400 usd each
Ignoring that stocks are wonky nowadays, how much do you think gamestop should be accurately valued at?

I feel like it'll all come crashing down on Monday.

kitler53

Sell sell sell!
Did you do it? Could have made $35,000.
lol, no.  i don't gamble like that.  i'm too dumb to even think i can win.
          

Dr. Pezus

Ignoring that stocks are wonky nowadays, how much do you think gamestop should be accurately valued at?

I feel like it'll all come crashing down on Monday.
If you had read up on it you'd know there's no way it's crashing yet.
I mean Tesla is about 40 times more "overvalued" currently.

There's a new CEO who has a great reputation of turning companies around, plus they're going all in digital. Stock was way undervalued before this started due to all of the shorts. There were more shorts than there were shares (and still might be).

I think after the squeeze it might settle in the 60-100 USD area. So there's really limited risk buying in now even if there's no squeeze or if you miss it.

Legend


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