The FTSE

  • Thread starter Thread starter worsleyweb
  • Start date Start date
GameStop is essentially a zero the hedge funds were short for a reason. This is out and out gambling mayas we’ll throw it all on black(would never suggest red)
 
CBD said:
GameStop is essentially a zero the hedge funds were short for a reason. This is out and out gambling mayas we’ll throw it all on black(would never suggest red)
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This isn't true. Gamestop was a struggling retailer trending downwards but there was absolutely no reason for it's shares to be driven from $15 to $0.20 in 7 or 8 months.

That happened because of a short selling bandwagon, and because when they'd already shorted it to 90% of it's value, they kept shorting instead of pocketing the profit.

There was good reason for the initial turnaround too, with new investment and board changes with a connection to online sales.


The out of control gambling was the mass shorting. All these reddit investors can only lose the few hundred or few thousand pounds they put in. Citron and Melvin are going to lose everything they have closing out their positions unless the keep getting manipulation help from the brokers.
 
domalino said:
This isn't true. Gamestop was a struggling retailer trending downwards but there was absolutely no reason for it's shares to be driven from $15 to $0.20 in 7 or 8 months.

That happened because of a short selling bandwagon, and because when they'd already shorted it to 90% of it's value, they kept shorting instead of pocketing the profit.

There was good reason for the initial turnaround too, with new investment and board changes with a connection to online sales.


The out of control gambling was the mass shorting. All these reddit investors can only lose the few hundred or few thousand pounds they put in. Citron and Melvin are going to lose everything they have closing out their positions unless the keep getting manipulation help from the brokers.
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Turnaround it has stores which sell video game software and hardware! Who buys this stuff in shops anymore?
 
Bluemanc100 said:
$126 now on Yahoo.... The shorts are getting some help aren't they

We're currently down
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If retail investors are buying this with leverage then the margin calls will be coming fast meaning they have to sell at any price. This could go down quick as it went up.
 
domalino said:
Was that the dip before the boom? VW's chart from the 2008 short squeeze.

View attachment 9172
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Put the chart up for GME and see any similarities as I don’t. Also VW was a viable business but the cross holdings in Porsche were the reasons behind the squeeze.oh and the stock ended up back to the price before the squeeze so $10 about right for GME.
 
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