Better you short it

Instead of loans or issuance of new shares there's another way, and it is through Ryan Cohen's connections with Silicon Valley investors. His work in Chewy has made good returns to those early investors ie: Volition Capital and he can easily bring them in.

https://hbr.org/2020/01/the-founder-of-chew...o-achieve-scale



If you read the article above written by Cohen himself you get the impression that he's a very committed person that wants to do good for investors and consumers.

they are the largest gaming retailing company in the world, with 5500 stores world wide.

If they closedown even half of those stores, they would raise enough revenue and capital to play around with. They intend to close down most of its stores and keep a few mega-stores, where people can come in and try products, games, and even host tournaments. Kind of like Apple stores.

I don't think they are dying anytime soon. And certainly not under Cohens watch. All that talk about being another blockbuster is rubbish. You still need to buy consoles and controllers, and other gadgets if you intend to play games.

There won't be a netflix version of console gaming, where everything is streamed to your PC to emerge in the next decade.

And unlike netflix, Sony and Microsoft understand the symbiotic relationship that a gaming retailer like GME holds. Together, they complement each others business in the gaming sector. Hence why both Sony & Microsoft decided to keep their physical disc drives in the next gen consoles instead of going completely digital when they could. GME also has revenue sharing of digital sales with Microsoft.

Amazon is on the rise and sure, they are a threat to GME, but even then, GME has a way to deal with Amazon by offering early title releases, trade ins and selling of used games, coming into store for instore collections, drop off, & trying of physical products. You can't do any of that with Amazon.

I think they are in need of a rebranding. Refresh their logo, give their stores a more streamlined, & clean appearance, introduce a more consumer centric shopping experience like Apple and go from there.

that just means it'll probably be both.

if its like other private equity deals, they'll give gme loans that it'll pay down with their revenue over a few years and also take equity stakes probably via convertibles.

didnt we have this discussion yesterday when you were confident it was worth 100 bucks?

yeah, i automatically put some stop losses at 30% on all of my plays.

learn long time ago to cut loss. I could DCA right now, but prefer to really wait this time instead of rushing in without thought. Although it is tempting to do it just with the knowledge that shorts couldn't have possibly covered all their position with the amount of stock volume being traded these couple of days.. For them to cover, they need everyone to sell off their stock and that includes institutional investors, GME and many more.

Even at $20, it is a loss to Melvin, who are holding on $4 short positions. Melvin said they cut their losses at $150 and loss half of their entire capital. Let's see on 9th of Feb whether this is the true story..

im still holding lel

even if that money goes down to drain i also tak kesah cause its the riskiest investment of my portfolio

but dk why alot cannot tahan when it dropped

lol..
everyday new strategy eh

This post has been edited by xcxa23: Feb 5 2021, 12:36 PM

"backfired"

They're gonna make a movie out of gamestop to laugh at the Hodlers

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I believe he lost "only" US$25,000, not $50,000. See above video at the 0:21 seconds mark.
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not like it's me who put the title

That’s Liamness for you, inconsistencies all over.

Lol its Liamness. He probably doesn't have any positions la, just his imagination again cos want to kuda.

Same like his imaginary gf, imaginary wife, imaginary koi fish, etc. There's a pattern to all his threads.

And he is obviously wrong when he says "there is no Netflix to gaming". Cloud gaming has picked up speed over the past 2 years, will be interesting to see where it goes.

Sony and Microsoft says no..

Console are here to stay for a long time.

Probably saw video or Reddit post
Heavily bias towards gme business modal

Ya, that is his pattern. He will watch some video, form his own opinions based on his shallow understanding, then start imagining that he has this and that... post in /k.

yeah, was kinda disappointed he didnt change his story to say that he's been shorting all along.

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Note that before this Gamestop fiasco, Hedge-funds and Mutua-funds held about 100 million of Gamestop/GME shares, likely bought a few months ago at US$5 or less, eg in Aug 2020 or earlier. ....... https://fintel.io/so/us/gme

Today, ie Friday night NY time, GME share price closed at US$64 from US$53 yesterday = there are still some gullible Retail investors willing to pay about US$70 for each GME share = still 1400% profits for the HF/MF who had bought GME shares at US$5 and sold them today at US$70.

If these HF/MF have sold 50 million of their US$5 GME shares at US$305 last Friday or this Monday = profitted about US$15 billion or 6,000%. Bank fixed deposits is only giving about 3% annual interest and EPF about 6%.
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This post has been edited by lurkingaround: Feb 6 2021, 12:15 PM

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Today, ie Monday NY time - 8 Feb 2021, GME share price opened at US$72 and closed at US$60, from its previous close of US$64.
....... Will there be a price surge tomorrow towards US$500 as a few posters here have speculated, ie the due date for HF like Melvin Capital to cover their very-short positions.? .......

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This post has been edited by lurkingaround: Feb 9 2021, 12:08 PM

Today - Tuesday, 9 Feb 2021 NY time, GME/Gamestop share price opened at US$56 and closed at US$50, from its yesterday's close of US$60 = no surge in price because of Melvin Capital needing to close its short-selling positions. IOW, there is no short-squeeze today, 9 Feb 2021.
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Got get.?
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When and why the "2nd" short-squeeze coming.?
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https://www.dailydot.com/debug/reddit-consp...t-bets-citadel/ - Why people are spinning a larger conspiracy around GameStop and Reddit - People smell a conspiracy. - Feb 2, 2021
"Yeah, the whole “people vs hedge funds” narrative is fun and all but I talked to a financial analyst last night who’s pretty certain that other hedge funds are buying and holding huge GameStop positions too https://t.co/jOADapGEQc

— Jason Schreier (@jasonschreier)
January 28, 2021" ...

"Beyond conflicts of interest, figures like Matt Stoller have implied that other massive hedge funds are helping pump up the price and, effectively, engaging in price-fixing and using Reddit as a front—that the truth is hedge funds are just going to war with other hedge funds. The biggest supporting evidence that this is happening is the fact that retail traders only control about 10% of all available Gamestop shares, while the rest belongs to hedge funds. "

https://www.washingtonpost.com/technology/2...-plunge-losers/ - As GameStop stock crumbles, newbie traders reckon with heavy losses - The Reddit forum that helped kick off the frenzy has given way to anxiety, financial bloodshed and infighting - 2/2/2021

https://www.bloomberg.com/opinion/articles/...-the-wind-trade - GameStop, Robinhood and the Return of the Wind Trade - The history of economic bubbles casts doubt on the idea that the Reddit rebellion was a victory of the little guy over “the suits.” - By Niall Ferguson - February 7, 2021
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This post has been edited by lurkingaround: Feb 10 2021, 11:34 AM