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GME is getting
fun
Haven't paid attention to our old friend GME in quite a few
years, but it has gotten very interesting lately. Short squeeze
over past ~week creating move from below 20 to nearly 57 as I type.
Started with some board changes and retail buying loads of shares
to squeeze the shorts. They are supposed to lose over $2/sh this
year after similar last year. Next year is forecast for profit
of close to $1. it is WAAAYYYY overvalued, but still going up
up and up!
Here are a few articles below.
Board changes:
fool.com/in...rticle
Shorts (Citron) vs retail (Reddit):
markets.businessinsider.com/ne...993391
markets.businessinsider.com/ne...994276
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holy crap, GME is over $70 right now!
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Author:
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breinejm
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Subject:
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News
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Sentiment:
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Neutral
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Date:
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01/22/21 at 11:59 AM CST
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According to Yahoo Finance, the short interest is 260% of
float?? Is that possible? If so, I can see why it has
trippled in such a short time.
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Author:
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LongTerm
CapGains
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Subject:
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News
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Sentiment:
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Neutral
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Date:
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01/22/21 at 7:27 PM CST
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Wow, over 90/sh this morning. this is one helluva short - at
some point. People are expecting GME to raise further rev's by
partnerships with MSFT and SNE, but why would people (in numbers
that matter) buy Game Pass through GME instead of straiught through
MSFT? WHy would I buy a digital license to AC: Valhalla through GME
vs directly through SNE or MSFT?
I still think this is basically Blockbuster, but not touching it
until it chills out!
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Author:
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breinejm
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Subject:
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News
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Sentiment:
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Neutral
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Date:
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01/25/21 at 8:48 AM CST
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GME has been halted 3 times so far today. Down to 102 after
reaching a high of 114.
Can you imagine someone who bought shares ~10 years ago, had
mostly written off the stock and just remained a bag holder. This
is like their best dream come true, lol.
Jester, you probably traded GME more than any of us back in the
day. Enjoying this? :)
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Author:
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breinejm
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Subject:
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News
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Sentiment:
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Neutral
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Date:
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01/26/21 at 12:14 PM CST
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Now GME is 162 after hours. I can't even
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Author:
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breinejm
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Subject:
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News
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Sentiment:
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Neutral
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Date:
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01/26/21 at 3:23 PM CST
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