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25JAN21 PILOT/NFO BOARD

Marmaduke123

Well-Known Member
Contributor
The business model is obsolete. You don’t have to buy a disc games anymore. Everyone has a digital option you can buy straight from your facilitator.
Got you there - "tongue in cheek" comment on my part. I've been living in Europe for too long, saying things in a literal way is very rare here.
 

KaleDaSquid

AW Deity and aspiring Aviator
Contributor
Got you there - "tongue in cheek" comment on my part. I've been living in Europe for too long, saying things in a literal way is very rare here.

Gotcha. Yea, these happenings as funny as they are. Are kinda bad. The few that make it out with a good return laugh and the rest get stuck with the poo pile. Then again, that is life.

29573
 

PontusPilot

Well-Known Member
Contributor
^^Me wondering why I didn’t invest $5,000 on GameStop stock when it was $18 a share on January 8th @KaleDaSquid
I have been trying to become better with investing, and doing my own research. Not good with 10k and stuff like that just yet, but from reading about it this dude on Reddit saw this happening last summer and dumped 50k into GameStop he is at 13 million I think now.Good breakdown of analysis

edit: not last summer he saw this in September of 2019!!!
 
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PontusPilot

Well-Known Member
Contributor
The business model is obsolete. You don’t have to buy a disc games anymore. Everyone has a digital option you can buy straight from your facilitator.
From reading around I guess this happened due to the fact that Wall Street wants GameStop to go under, but from reading their 10q? GameStop is financially sound has enough money to pay of all debt for quite a while. The new ceo is from that brand chewy, and has a good plan on how to turn GameStop into a online retailer IG.
 

Marmaduke123

Well-Known Member
Contributor
Would agree for the folks that are blindly going in hoping to make a buck, that is ludicrous and unfortunate. There is big contingent of people who actually know a bit about finance that really just want to stick it to large hedge funds and their ilk and I'm fully supportive of it. The market is asymmetric when you compare retail and wall street so hopefully some good things come out of this when the dust settles.
 

PontusPilot

Well-Known Member
Contributor
Would agree for the folks that are blindly going in hoping to make a buck, that is ludicrous and unfortunate. There is big contingent of people who actually know a bit about finance that really just want to stick it to large hedge funds and their ilk and I'm fully supportive of it. The market is asymmetric when you compare retail and wall street so hopefully some good things come out of this when the dust settles.
Tough times never last only tough people..
 
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