LogFAQs > #950201036

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, DB5, DB6, Database 7 ( 07.18.2020-02.18.2021 ), DB8, DB9, DB10, DB11, DB12, Clear
Topic List
Page List: 1
TopicGameStops stock price surge is a great example of coming together and positivity
DragonClaw01
02/02/21 2:34:48 PM
#146:


shadowsword87 posted...
You know the short price that companies were expecting to pay was somewhere in the $5 and $10 per share range, right?
Even if it hits $50 they'll still be fucked.
Yeah, that was the whole point. It was not like anyone thought gamestop was a good investment. The company is about as irrelevant as a blockbuster, but has about as enjoyable shopping experience as going to a wireless courier. It is completely doomed from a business standpoint.

As far as the shorts are concerned most of them already lost thier money, so I expected most of the support for GME to evaporate, but I guess I didn't count on the fomo with a bit of prodding from cuban to keep it up, although I guess it is declining again, so it probably is truly doomed now.

---
<('.'<) <(^.^)> (>'.')>
Splendiferous
... Copied to Clipboard!
Topic List
Page List: 1