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 Bought 20 more share GME last night

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SUSDJJD
post Feb 3 2021, 02:19 PM

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QUOTE(Liamness @ Feb 3 2021, 02:16 PM)
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It is expected to drop abit now or next few days as this is a volatile stock.

Long term holder, don't care about the price today. At least it was significantly cheaper than the 300USD price point a mere 4 days ago.
I look at where the stock will be in a year, 4 years, and even 10 years time.

$10 price range for this stock is not possible anymore. 
Why I think Gamestop is a good buy. Gaming is an expanding market, especially during covid where everyone can't go out anymore and need to find other sources of entertainment. Gaming is naturally, the best home entertainment you can do at home. 

So they will be selling alot of new gen consoles this next 2 years. I expect big profit numbers from just the sales of new consoles.

They are also huge globally too. EB games stores in UK, Canada, & Australia are all owned by Gamestop.

I also like their strategy to move into the e-Sports scene, close down their physical stores, & they are also ramping up their digital sales and have a big deal struck with microsoft for profit-sharing on online purchases. I believe they are positioning for a big move into the space that Epic & Steam are in. Becoming a curator of games and sell online. And being a public listed company, they have the funds and financial backing to take on Epic and Steam.
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Too many shorts. It will go down to sub $10 range for sure before any rebound.

Hat tip: never catch a falling knife.
SUSDJJD
post Feb 19 2021, 10:27 AM

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QUOTE(debonairs91 @ Feb 19 2021, 08:26 AM)
Lol ts kena dumped
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He is CCP macai. Surely gullible and easily scammed type.
SUSDJJD
post Feb 19 2021, 10:29 AM

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QUOTE(twilight_fever @ Feb 19 2021, 08:32 AM)
from here onward..its will go down to USD20..lol..

imagine if u short it from the all time high USD3XX..
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$20?

It may go sub $10.

Never catch a falling knife guys.

I will buy in at $9 or lower.
SUSDJJD
post Feb 19 2021, 10:45 AM

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QUOTE(Liamness @ Feb 19 2021, 10:41 AM)
this is part and parcel about betting on high risk, high return stocks.

You may be down 60-70%. Can you afford to be in that position?

Meanwhile, other stocks can go up 150%-1000%, like Tesla and AAPL.

When you spread out your investments, your stock portfolio should be both red and green. But overall picture is that you are up.
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Wtf AAPL high risk high return?

I owned AAPL for the past 7 years. I won't classify it as high risk at all. It's got more cash than Bank Negara reserves ffs!

Tesla, that one another ponzi scheme. I agree.
SUSDJJD
post Feb 19 2021, 11:37 AM

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QUOTE(Liamness @ Feb 19 2021, 11:04 AM)
short squeeze is over.

Now, it is completely on the fundamentals of the stock and company.  Whether you believe in their vision for their future. Gaming is still huge, still relevant today. I don't see it going away. And there is no netflix kind of service that can replace gamestop the way netflix replace blockbuster.
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Epic
Steam
PS store?

Sleeping??
SUSDJJD
post Feb 19 2021, 11:56 AM

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QUOTE(icehart85 @ Feb 19 2021, 11:46 AM)
$5 is short sellers manipulated price. Fair value is $20-$30. If you really think it will go down to $5 again after short sellers get rekt think again

Btw, I dont think GME will go lower, we'll see in a few months time whether this HF short sellers have been bluffing all this while. We'll see in a month or two. If there's huge spike, short sellers are still in the game
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Few months time? At the current trend gme will be under $20 by end of next week and under $10 by mid March

 

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