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christmas boots
Oct 15, 2012

To these sing-alongs 🎤of siren 🧜🏻‍♀️songs
To oohs😮 to ahhs😱 to 👏big👏applause👏
With all of my 😡anger I scream🤬 and shout📢
🇺🇸America🦅, I love you 🥰but you're freaking 💦me 😳out
Biscuit Hider
lol imagine getting dumped by your body pillow because you spent all your money on GameStop

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Azathoth Prime
Feb 20, 2004

Free 2nd day shipping on all eldritch horrors.


christmas boots posted:

lol imagine getting dumped by your body pillow because you spent all your money on GameStop

Getting dumped because you spent all your money at GameStop is a classic goon move.

DeadFatDuckFat
Oct 29, 2012

This avatar brought to you by the 'save our dead gay forums' foundation.


Just walk to the nearest gamestop store and start takin cash outta the register. You're an owner after all

Sophy Wackles
Dec 17, 2000

> access main security grid
access: PERMISSION DENIED.





christmas boots posted:

lol imagine getting dumped by your body pillow because you spent all your money on GameStop

My body pillow dumped me a few months ago for a rich alpha chad who bought tesla early. :negative:

Sono
Apr 9, 2008




QuarkJets posted:

Counting or not counting body pillows?

New Gamestop business model:

eSports
Vape Shop
Body Pillows

Dignity Van Houten
Jul 28, 2006

abcdefghijk
ELLAMENNO-P


christmas boots posted:

lol imagine getting dumped by your body pillow because you spent all your money on GameStop

Most of us don't have to imagine

NicelyNice
Feb 13, 2004

citrus
Still cannot believe how many people took memes from literal gambling addicts used to justify their losses and compulsive behavior as sound financial advice. I guess it was a perfect storm of a good storyline, some people actually making money, and general pandemic boredom/desperation.

Flannelette posted:

The only light I see for GME was the origonal plan on WSB before everything got crazy was to use the investment to transform the company into having a digital sales thing for games so it could continue to function in the future instead of just dying or turning into a zombie.

GameStop has zero competitive advantage in this over any other digital store, plus they are saddled with the costs of physical stores and staff. They made money off of high-margin items like used games, warranties, and toys that don't translate to digital. Their name and brand is worth about as much as Blockbuster.

I think the original bet was maybe GME was undervalued at $5 and they can survive this console generation by closing stores and riding used games, but once this casino round is over chances are it's gonna coast back downhill

Hilarious checking Reddit and seeing people dream new business models for GameStop

NicelyNice fucked around with this message at 10:30 on Feb 6, 2021

Heath
Apr 30, 2008

🍂🎃🏞️💦
GameStop has literally zero good will among its own consumer base and hasn't for at least a decade. Nobody liked GameStop, it just won the brand war on the retail games storefront. It's been a long drat time since there were 2 or even 3 of them in every mall in America. There is no business model that will save it, because nobody likes shopping there, and now nobody needs to.

Chocobo
Oct 15, 2012


Here comes a new challenger!
Oven Wrangler
I was wildly entertained by this whole saga, except today I've seen no less than ten posts of GME holders talking about being suicidal/having suicidal thoughts/having entirely torpedoed their (or their entire families') financial future, and now it is less funny to me.

There was a hopeful stupidity to it all that, in the end, is just saddening.

bees everywhere
Nov 19, 2002

NicelyNice posted:

Hilarious checking Reddit and seeing people dream new business models for GameStop

I saw a great one a few days ago, some guy was talking about how GameStop is already pivoting to be a great company and they're going to do so many good things for society while their stock climbs back to $400 based on the merits of the business alone. It's like people forgot this company has been scraping by for years on the used game market, meanwhile digital downloads and Game Pass are taking over. Hell, the Series X S doesn't even have a disc drive.

bees everywhere fucked around with this message at 13:57 on Feb 6, 2021

Mozi
Apr 4, 2004

Forms change so fast
Time is moving past
Memory is smoke
Gonna get wider when I die
Nap Ghost
babbage's, never forget

Fame Douglas
Nov 20, 2013

by Fluffdaddy

bees everywhere posted:

Hell, the Series X doesn't even have a disc drive.

The Xbox One Series S is the one without the disk drive, as well as the cheaper Playstation 5.

NicelyNice
Feb 13, 2004

citrus

bees everywhere posted:

I saw a great one a few days ago, some guy was talking about how GameStop is already pivoting to be a great company and they're going to do so many good things for society while their stock climbs back to $400 based on the merits of the business alone. It's like people forgot this company has been scraping by for years on the used game market, meanwhile digital downloads and Game Pass are taking over. Hell, the Series X S doesn't even have a disc drive.

"Imagine GameStop fundamentally changes their business model and upends an industry with entrenched players with vastly more resources"



Then, and maybe then, the stock might hit the price you could have sold for last week if you weren't posting diamond hands memes

Mozi
Apr 4, 2004

Forms change so fast
Time is moving past
Memory is smoke
Gonna get wider when I die
Nap Ghost
imagine there's no short squeeze
it's easy if you try
no floor beneath GME
wallstreetbets did lie

BIG FLUFFY DOG
Feb 16, 2011

On the internet, nobody knows you're a dog.


NicelyNice posted:

"Imagine GameStop fundamentally changes their business model and upends an industry with entrenched players with vastly more resources"



Then, and maybe then, the stock might hit the price you could have sold for last week if you weren't posting diamond hands memes

thought this was ridiculous until he told me it could have the Netflix app on it.

A Strange Aeon
Mar 26, 2010

You are now a slimy little toad
The Great Twist
Did I read in this thread that the dfv guy was a broker who quit his job on like January 21? Does anyone have a link to that?

Bitcoin King Kai
Feb 6, 2021

by Fluffdaddy

NicelyNice posted:

Still cannot believe how many people took memes from literal gambling addicts used to justify their losses and compulsive behavior as sound financial advice. I guess it was a perfect storm of a good storyline, some people actually making money, and general pandemic boredom/desperation.


GameStop has zero competitive advantage in this over any other digital store, plus they are saddled with the costs of physical stores and staff. They made money off of high-margin items like used games, warranties, and toys that don't translate to digital. Their name and brand is worth about as much as Blockbuster.

I think the original bet was maybe GME was undervalued at $5 and they can survive this console generation by closing stores and riding used games, but once this casino round is over chances are it's gonna coast back downhill

Hilarious checking Reddit and seeing people dream new business models for GameStop
This poster is correct. Gamestop has no future. Pull your money out now.

The Bitcoin rocket-ship awaits you.

GABA ghoul
Oct 29, 2011

NicelyNice posted:

"Imagine GameStop fundamentally changes their business model and upends an industry with entrenched players with vastly more resources"



Then, and maybe then, the stock might hit the price you could have sold for last week if you weren't posting diamond hands memes

I think I could save Gamestop if they would just hire me as a consultant, but those greedy fucks would rather go bankrupt than make me a fair offer. :argh:

First of all, vaping. The kids love it, the business is booming. Sell them, create your own brand, 30% of the store area should be vapes. Second, gamer or weird japanese food. 30% of the store area should be all kinds of import japanese candy, Mt. Dew flavoured chips, gamer protein bars, etc. Third, overpriced coffee and bubble tea and a sitting area where ~patrons~ can meet, socialize, vape and buy more overpriced bubble tea. That should be the remaining 40%. See, it's called Gamestop because you stop there to talk about the games with other gamers

Now, I've never been inside of a gamestop and I have no idea about gamer culture but I think this would work

Mozi
Apr 4, 2004

Forms change so fast
Time is moving past
Memory is smoke
Gonna get wider when I die
Nap Ghost
- netflix is trading at $552 per share
- i own 100 shares of Nikola
- if Nikola were more like netflix, i would be rich

Klyith
Aug 3, 2007

GBS Pledge Week

Chocobo posted:

There was a hopeful stupidity to it all that, in the end, is just saddening.

imagine a clown, stepping onto a discarded rake, forever


Life is full of fuckin tragedies, if you aren't having a sad chuckle at people who lost money in an insanely predictable way, what do you do when you see something really sad? Just remember that for any talk about "I ruined my families' financial future", most of them had the means to toss that money down. They're no worse off than the many many people who never had that money in the first place.


A Strange Aeon posted:

Did I read in this thread that the dfv guy was a broker who quit his job on like January 21? Does anyone have a link to that?

https://www.nytimes.com/2021/02/03/business/roaring-kitty-gamestop.html
he gave notice on the 21st but was still employed up to the 28th

Klyith
Aug 3, 2007

GBS Pledge Week
also in any event like this there are people who enjoy writing fakeposts of stupid losses, like Drone Fragger's home loan. some of the most ridiculous over the top tragic posts are not true, just like some of the people claiming to be rich are also faking. especially on reddit where you get internet points for it.

PIZZA.BAT
Nov 12, 2016


:cheers:


Mozi posted:

imagine there's no short squeeze
it's easy if you try
no floor beneath GME
wallstreetbets did lie

imagine all the people
reaping divideeeeeends

gary oldmans diary
Sep 26, 2005

Mozi posted:

imagine there's no short squeeze
it's easy if you try
no floor beneath GME
wallstreetbets did lie
the short squeeze was mainly 2 days a week ago. this above $5 stock price is the missed the boat squeeze

gary oldmans diary fucked around with this message at 16:57 on Feb 6, 2021

sweet thursday
Sep 16, 2012

Shorts have to cover next Tuesday

maniacripper
May 3, 2009
STANNIS BURNS SHIREEN
HIZDAR IS THE HARPY
JON GETS STABBED TO DEATH
DANY FLIES OFF ON DROGON

sweet thursday posted:

Shorts have to cover next Tuesday

I thought they don't expire?

Fame Douglas
Nov 20, 2013

by Fluffdaddy

sweet thursday posted:

Shorts have to cover next Tuesday

And when that doesn't happen, next Friday. And then Tuesday after that.

Bananaquiter
Aug 20, 2008

Ron's not here.


sweet thursday posted:

Shorts have to cover next Tuesday

Just keep shorting more stock to cover your previous shorts.

kw0134
Apr 19, 2003

I buy feet pics🍆

maniacripper posted:

I thought they don't expire?
If you ask your broker to "locate" shares to short, you can hold them as a short for a limited amount of time, but that varies between customers and brokers, so it's impossible to give a true deadline applicable to the entire market. (There's also the matter that GME is easy to short so there's generally no requirement to do this.) There are also put options that are shorts on PCP, but those expire on Fridays, not Tuesdays.

So this is largely wishful thinking.

gary oldmans diary
Sep 26, 2005

Bananaquiter posted:

Just keep shorting more stock to cover your previous shorts.

twerking on the railroad
Jun 23, 2007

Get on my level

Shorting yourself for fun and profit

Brother Tadger
Feb 15, 2012

I'm accidentally a suicide bomber!


My meme-stock portfolio rn:

Colonel Cancer
Sep 26, 2015

Tune into the fireplace channel, you absolute buffoon
Can you buy shares in anime? I bet that's a booming market

Meme Poker Party
Sep 1, 2006

by Azathoth

Colonel Cancer posted:

Can you buy shares in anime? I bet that's a booming market

Flannelette
Jan 17, 2010


Bronze fonze you better have held onto those dog coins you blew 100$ on.

Bronze Fonz
Feb 14, 2019




Flannelette posted:

Bronze fonze you better have held onto those dog coins you blew 100$ on.

If I could afford to lose 100$ I would've put it on more weed. I'm just grateful I didn't consider it too long.

Ardemia
Jan 2, 2004

IT IS MY RIGHT TO GET BEHIND THE WHEEL WHEN I'VE PUT BACK SIX SHIRLEY TEMPLES OK

:patriot:

Bronze Fonz posted:

If I could afford to lose 100$ I would've put it on more weed.

This is how you build a good investment portfolio and is good investment advice imo

gary oldmans diary
Sep 26, 2005
need to go deeper

Michael Corleone
Mar 30, 2011

by VideoGames
Trading is a wild ride alright! I wanted to sell my 10 AMC 'stonks' before the weekend but then I would have been eaten a probe from ETrade for selling 'unsettled' stocks, they would have let me do it though! I've been telling people I committed an SEC violation to look cool. Out of all the meme stocks on Monday, selling off everything and starting over, lost 10 bux realized and 10 unrealized if I sold right now. Gonna hold my DRRX, the one I picked myself and think actually is a good company. Investing is best left to professionals. Gonna check out the long term thread and move everything to something stable.

GABA ghoul
Oct 29, 2011

Michael Corleone posted:

Trading is a wild ride alright! I wanted to sell my 10 AMC 'stonks' before the weekend but then I would have been eaten a probe from ETrade for selling 'unsettled' stocks, they would have let me do it though! I've been telling people I committed an SEC violation to look cool. Out of all the meme stocks on Monday, selling off everything and starting over, lost 10 bux realized and 10 unrealized if I sold right now. Gonna hold my DRRX, the one I picked myself and think it actually is a good company. Investing is best left to professionals. Gonna check out the long term thread and move everything to something stable.

Buying meme stocks to flip them for a 10% return is not investing, it's speculation at best. Degenerate gambling is probably the most accurate description

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sweet thursday
Sep 16, 2012

Invest in Zomedica and thank me in March

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