728 upvotes, 9 direct replies (showing 9)
If there's one thing I hate way more than Gamestop as a company is hedge funds. If using Gamestop's dying corpse to put a dent in them and make some money is possible, why not? Won't stop Gamestop from failing in the long run anyways.
Comment by StuGats at 27/01/2021 at 01:44 UTC
405 upvotes, 6 direct replies
While I'm enjoying the fuck out of this, there's going to be so many bag holders at the end of this lol. The drama will be as amazing going down as it is going up.
Comment by [deleted] at 27/01/2021 at 00:37 UTC*
179 upvotes, 2 direct replies
literate live ripe middle society whole hunt cable seemly offer
Comment by stagfury at 27/01/2021 at 02:15 UTC
61 upvotes, 5 direct replies
Gamestop just got taken over by some new guy (Ryan Cohen) who had a pretty good track record.
And Gamestop is going all in on digital sales/services which is where the money is at these days.
Comment by moeburn at 27/01/2021 at 15:20 UTC
0 upvotes, 0 direct replies
If there's one thing I hate way more than Gamestop as a company is hedge funds.
How do you know this isn't the result of some competing hedge fund trying to execute a short squeeze? And they're buying bot farms to manipulate an investing meme subreddit to help manipulate that stock to do it. And using propaganda like "fight back against the rich hedge funds and the big banks!" to make it seem legitimate.
What do you think is more likely, 100,000 glorified 4chan memers somehow collectively managing to operate as a unified body, or some rich guy figured out how to take advantage of them?
Comment by [deleted] at 27/01/2021 at 14:18 UTC
1 upvotes, 0 direct replies
With Cohen and his 2 chewy boys now on the board I'd honestly expect to see a 180 in how gamestop operates. Is it worth this? No, but expect a comeback from this all time hated company. With their physical footprint in every city across America, who knows what they'll do.
Comment by p-morais at 27/01/2021 at 19:43 UTC
1 upvotes, 0 direct replies
The problem is that the hedge funds reddit thinks they’re screwing over have already exited, and now even bigger hedge funds are playing both sides of the trade to rake in billions with the hope that retail investors will be caught holding the bag when they allow the price to collapse. Really hedge funds as a whole are probably net positive on this trade (and the ones that are getting screwed are getting screwed because their short positions are getting targeted across the board, likely by other hedge funds who smell blood, not because they’re all in on GME).
Comment by PM_ME_BOOTY_PICS_ at 27/01/2021 at 20:18 UTC
1 upvotes, 0 direct replies
Gme can turn around. Its up to the board and top management. If not then they will go the way of jcpennys
Comment by nusyahus at 27/01/2021 at 20:35 UTC
1 upvotes, 0 direct replies
Gme being used as a nail in a war is what it deserves
Comment by CoupleNYCXXX at 28/01/2021 at 01:11 UTC
1 upvotes, 0 direct replies
Gamestop CEO and Boards members will still rake in millions from this, its only hedge funds that's loosing their shits