Current Events > Gamestop Investors are DEVASTATED as Stock PLUNGES after MSFT Buys ACTIVISION!!

(+) Yeah! (+)

Small time reddit traders who went on the MEME stock train on Gamestop and AMC were devastated this week after a round of bad news that sent their stocks plunging to low levels and there may not be a way to turn it back around when stocks were as high as $450 a share and is now below $100!!

On the WallStreetsBets forum that was the centre of the Gamestop Saga saw bearish sentiment take hold ahead of the Federal Reserve policy meeting this week with interest rates set to rise with riskier assets with long-deferred payouts have lost their luster in a brutal sell off

Similarly, Bitcoin also plunged nearly half that went along with the huge sell off on Wall Street

One user who invested in Gamestop said "I'm down so much money, i'm just gonna get high about it. sad is sad"

The news of Microsoft acquiring one of the biggest gaming publishers, Activision also sent the stock nose diving as Microsoft intends to turn all of its games into a Netflix style subscription service and could take away Sony systems where Call of Duty has been a big seller on the physical disc market.

Other users including a 20 y/o showed screenshots of how he invested 5000 which peaked at 90,000 and is now only worth just 230 losing nearly everything he initially invested but said he stayed in hoping the stock will rise from the ashes.

The value of heavily shorted stocks soared last year when an army of reddit investors pumped a lot of money into these dying stocks to kill short sellers and now a year later they are feeling the wrath of the shorts as Gamestop could be on its last dying breath should the acquisition go through with physical gaming media going closer to defunct

Do you think Gamestop is toast?

https://i.imgur.com/wu0fDdP.jpg
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https://i.imgur.com/YuCmCcr.jpg
https://i.imgur.com/zBPTJ1r.jpg
https://i.imgur.com/4B05Y6Z.jpg
https://i.imgur.com/sXHnfU0.jpg
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i bought in at 210 dollars per share

now its barely 99

am i an ape now

tfw the pump and dump is solidly in the "dump" phase

https://gamefaqs.gamespot.com/a/user_image/2/1/3/AAZUkRAAC2bN.jpg

Took way longer than I thought. I don't think the buyout is related to GME dropping, though. There might be room for a pump or two before it's really over.

Should have learned from their dads and pulled out quicker

Holding onto a meme stock that every single person knew was going to plummet eventually. Dumbasses

Lol at those memes

fuck any store that opens up games, stores the opened disks behind the counter, and tries to sell them as "new" even though theyve already been opened

also i was gonna buy some and i would have made money off it too but buying american shares as an australian is too hard for my monkey brain

Kloe_Rinz posted...

fuck any store that opens up games, stores the opened disks behind the counter, and tries to sell them as "new" even though theyve already been opened

also i was gonna buy some and i would have made money off it too but buying american shares as an australian is too hard for my monkey brain

but they are new -- the CD has never been used

Are you also mad that they batch QC disks at the factory? i mean, it's not NEW, it's been TESTED!!!!!11

Naysaspace posted...

but they are new -- the CD has never been used

Are you also mad that they batch QC disks at the factory? i mean, it's not NEW, it's been TESTED!!!!!11

No, if a consumer product has been opened it is no longer new.

Naysaspace posted...

but they are new -- the CD has never been used

Are you also mad that they batch QC disks at the factory? i mean, it's not NEW, it's been TESTED!!!!!11

Opening a product means the product is used. Its got nothing to do with a factories QC process as part of manufacturing the product. Why are you so mad? Gonna have a melty?

Stocks are dropping across the board and while GS took a bigger hit then most they're still in a much better position now then before.

So idk why people are writing them off.

ghettoraider81 posted...

No, if a consumer product has been opened it is no longer new.

Kloe_Rinz posted...

Opening a product means the product is used. Its got nothing to do with a factories QC process as part of manufacturing the product. Why are you so mad? Gonna have a melty?

wrong again

if you buy a car off the lot, are you pissed that someone drove it off the delivery truck? IT'S NOT NEW, IT'S BEEN DRIVEN!! IT'S BEEN OPENED!!1111111

Naysaspace posted...

wrong again

nope. a sealed product is not equivalent to machinery and vehicles. a display model TV is not equivalent to a new TV in a box