GME - GameStop Corp.

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Tiptopptrader, Apr 24, 2016.

  1. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    This was up 27% today with earnings in a couple of weeks. Looks like it has room to 250 by the end of the month; see if it can take that out before the ER.
    [​IMG]

    This is still holding above the old ATH, which is impressive. Of course, it's more than just the retail traders that are doing this.
     
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  2. T0rm3nted

    T0rm3nted Moderator
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    Definitely not just retail traders doing it, but you know that no institutions would be in this anywhere near this price if they didn't know there's a retail floor and tons of retail support that they can beat out of this investment at any moment.
     
  3. StockJock-e

    StockJock-e Brew Master
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    Are these pumps getting weaker?
     
  4. Syynik

    Syynik Well-Known Member

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    I don't think so. There's a nice little 3-day support that's being built here. IMO it would be tons more volatile if the pumps were weakening.
     
  5. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    I was thinking about that too. Institutional shorts bled this from $55 to $4 from 2013 to 2019.
    Now it is $210; it is wide-ranging this year and holding above previous ATH. But I think they could start bleeding it again next year. The actual business isn't 4x greater than what is used to be.
     
  6. StockJock-e

    StockJock-e Brew Master
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    Down to $181 AH
     
  7. valueinvesting.io

    valueinvesting.io New Member

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    It is difficult to find the difference between investing in GME and gambling
     
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  8. StockJock-e

    StockJock-e Brew Master
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    Halted after the push here :D
     
  9. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    If it breaks $200 then it should moon.
     
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  10. StockJock-e

    StockJock-e Brew Master
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    The ramp up to 200 was pretty crazy, here is the pull back.
     
  11. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    I think the ramp up to 200 was the peak.
     
  12. TomB16

    TomB16 Well-Known Member

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    Buy the dip.
     
  13. TomB16

    TomB16 Well-Known Member

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    I never dreamed 5 quarters ago that GameStop would still be a thing. This was literally famous for being a dying company.


    Screenshot_20220409_071228.png



    Meanwhile, Nikola is trading at $8.45 and still has plenty of people waving the flag. Nikola has some value but not $8.45. They are a truck assembler who have delivered a few trucks with a market cap of $3.7B. All in, I value them at roughly $80M before liabilities.

    GameStop and Nikola are why I don't short companies. Reality has gone out of fashion.
     
  14. StockJock-e

    StockJock-e Brew Master
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    This GME experiment keeps working because retail buyers are proving that you can do the same thing the big boys are doing except with memes!

    Personally Im finding it awesome to watch. This balloon will eventually deflate, hopefully most will get out with some profits before that happens.
     
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  15. TomB16

    TomB16 Well-Known Member

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    I'm retired with the most boring portfolio on the site. The idea of bitcoin, GameStop, Wall Street Bets, are like a back alley crap game to me.

    But, I have learned more from GME than anything else I can think of in the last two years. It has been a fantastic demonstration of market versus reality.

    The next time I think, "This thing is a dog. It has to go down." I will dismiss it as a moment of foolishness. Nothing has to do anything.
     
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  16. StockJock-e

    StockJock-e Brew Master
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    Reality is what ever you choose it to be.. if you have enough buying power.
     
  17. StockJock-e

    StockJock-e Brew Master
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    So back to $80 support then?
     

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