This is more reasonably priced now in the $40's, but I would be surprised if this is the end of it. GME is now a cult stock and will probably keep getting attention.
Curios to see where it balances out. They brought in some heavy hitters and will be shutting down a lot of stores and trimming a lot of fat. I still believe a lot of retail stores will soon become vacant. The past year has taught us a lot. Moving forward it has a lot of potential.
I still have my 1 share, souvenir purposes 100 shares of TSLA 1.10 Bitcoin Tiny bit of physical gold A good chunk of physical silver Above are HODL. Rest is cash other than a few option plays. Mentle capacity is in question. To da moon, or the poor house. LOL
I grabbed 10 shares last week after I bombed my attempt to scalp. It's holding support pretty steadily the last two days, I'm green but am prepared to see what happens. Who knows-maybe I end up with 20 shares soon!
They brought in some high caliber people, shifting to online and closing the dead weight stores. It now has a new life and potential, I wouldn't get spooked. I'm sure they have a solid plan moving forward.
@Rustic1 No poor house for you, mah man. Tsla, gld and physical silver. I have been sidelined on btc for a decade, feeling not educated enough.....but believe it will never crash now. I think it just found its base. i have no doubt, your current tsla shares will buy you a modest home within the decade in any market! The others, i bet could, as well, individually. Thats my minimum goal for a win in life. And you have them in separate holdings....
It is holding $50 shockingly well. Lots of bag holders who will never sell. I don’t ever see WSB being able to consolidate around one stock like this again though.
It will be interesting to see how they model business going forward, most including myself had never heard of it before.
This will be fun to watch. The little retail trader that managed to expose the real wall street and bring a few big fish to their knees. Feel the love.
I noticed this--on my route a GME store with the "EVERYTHING MUST GO!" banner up. We all know the stockholders usually respond well to fat-trimming.
"Pack up those shelving units, and don't scrimp on the fasteners!! And that stapler! Gimme that stapler!"
I still want to know why GME did not simply do a secondary at $300 and set themselves up for smooth operations for the next 5yrs.
I read that it would have taken too long to get it going. From the time it went up to the time it crashed back down was too little time to react.
