Current Events > Article: Investment exec predicts GME $1000 a share

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WingsOfGood
02/01/21 11:18:27 PM
#1:


https://www.foxbusiness.com/markets/investment-exec-forecasts-gamestop-topping-1k-per-share

As Robinhood continues to limit purchases of GameStop stock, Reddit users are egging on their compatriots to keep the momentum going, leading Quantumvest CEO Taylor Roncancio to predict on The Claman Countdown the stock isn't finished hitting records.
I do think [GameStop] is going to go to $1,000 [per share] or at least $700, maybe even higher, he told host Liz Clayman.
Roncancio said the activity surrounding GameStop reminds him of last year's Tesla short squeeze, which he said dumbfounded investors. Teslas stock price currently sits at more than $839 per share.
But if investors really do like a stock and theyre not willing to sell it, then, more than likely, the price is going to continue to rise, he said.

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RebelElite791
02/01/21 11:19:22 PM
#2:




Well that didn't work. Insert Jeremiah Johnson nodding gif here

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Heavy_D_Forever
02/01/21 11:20:42 PM
#3:


Isn't GME already going back down? I highly doubt this will be another Tesla.

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WingsOfGood
02/01/21 11:20:58 PM
#4:


RebelElite791 posted...


Well that didn't work. Insert Jeremiah Johnson nodding gif here

That png is gonna give me nightmares. Thanks alot.
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JuanCarlos1
02/01/21 11:22:15 PM
#5:


Oh man...if it dips a bit more tomorrow maybe Ill get in as well. If it goes to crap at least I can say I was there XD

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WingsOfGood
02/01/21 11:24:28 PM
#6:


JuanCarlos1 posted...
Oh man...if it dips a bit more tomorrow maybe Ill get in as well. If it goes to crap at least I can say I was there XD

Grandpa, we are learning about the great gamestop wars, you were alive to see it, tell us aboit it.

"Yes, I was part of it. I bought 1 share at $100!"


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Darmik
02/01/21 11:24:44 PM
#7:


Don't people invest in Tesla because of long term viability? Will people see Gamestop like that?

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WingsOfGood
02/01/21 11:28:52 PM
#8:


Darmik posted...
Don't people invest in Tesla because of long term viability? Will people see Gamestop like that?

https://www.forbes.com/sites/danrunkevicius/2020/07/20/tesla-stock-may-be-rallying-for-this-absurd-reasonand-this-wont-end-well/

In other words, a tsunami wave of individual investors pile in, pushing the stock even higher. Short sellers are caught off guard again. The chain of short squeezes continues to propel Teslas price even higher.
Once again, Tesla is flashing all over the headlines further fueling the mania. Rinse and repeat.
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__aCEr__
02/01/21 11:31:03 PM
#9:


Nobody sees Gamestop as being viable in the long term. This is 100% pump and dump.

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CE_gonna_CE
02/01/21 11:31:07 PM
#10:


Tesla inevitably has far more actual long term value than GameStop.

Its potentially way overvalued now and Im not putting any further money into it, but anyone now would be better off dropping their cash into Tesla than GME, if one were to want to choose between those 2 for whatever reason.

Speculation Investment

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Darmik
02/01/21 11:31:40 PM
#11:


WingsOfGood posted...
https://www.forbes.com/sites/danrunkevicius/2020/07/20/tesla-stock-may-be-rallying-for-this-absurd-reasonand-this-wont-end-well/

Ah yeah that sounds more about right heh. But still I think a lot of those suckers think Tesla will be even bigger in the future.

I don't think Gamestop will have that sort of long term viability but who knows.

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WingsOfGood
02/01/21 11:32:51 PM
#12:


Darmik posted...
Ah yeah that sounds more about right heh. But still I think a lot of those suckers think Tesla will be even bigger in the future.

I don't think Gamestop will have that sort of long term viability but who knows.

Funny thing, that article didn't think Tesla did either.
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#13
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MaddenDude--
02/01/21 11:37:19 PM
#14:


I mean we are all gamers, we're the target population for gamestop, and we all fucking hate it and have hated it for years and nothing has changed to make us think otherwise. lol.

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Darmik
02/01/21 11:37:34 PM
#15:


WingsOfGood posted...
Funny thing, that article didn't think Tesla did either.

Hmm the article is less than a year old and does say at the end that it might not be at the top yet and could last a while longer. Especially if it hits the S&P 500 (no idea if it has done that already).

Elon Musk does have some of weird following that influences the stock market quite a bit yeah? He is a bit of an oddity overall.

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dummy420
02/01/21 11:41:44 PM
#16:


I bought Tesla around when they announced a stock split and I've been ranging from 150-180% increase lately. I got it for a long term because besides cars theres some advancements in battery and solar with the world moving towards alternative energies.

I bought Gamestop mostly on a whim after seeing it do a large increase and admittedly not doing the research I should have. I just happened to have money not in the market. I had no clue reddit attached to it that gave it the push.

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apocalyptic_4
02/01/21 11:44:18 PM
#17:


Darmik posted...
Don't people invest in Tesla because of long term viability? Will people see Gamestop like that?

Not if Robin hood and other brokerages can help it. With out their interference this would be $500+ easy right now along with the other ones

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Lost_All_Senses
02/01/21 11:45:48 PM
#18:


Is America ever gonna get tired of being exposed for how everything set up is abusable and can be taken down a notch for fun? Everything here is built on toothpicks

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CE_gonna_CE
02/01/21 11:45:50 PM
#19:


apocalyptic_4 posted...
Not if Robin hood and other brokerages can help it. With out their interference this would be $500+ easy right now along with the other ones
Nah

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WingsOfGood
02/01/21 11:52:36 PM
#20:


CE_gonna_CE posted...
Nah

It dipped right after robinhood limited it, from over $400 to $197
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CE_gonna_CE
02/02/21 12:37:43 AM
#21:


WingsOfGood posted...
It dipped right after robinhood limited it, from over $400 to $197
It sure did, didnt it?

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Lost_All_Senses
02/02/21 12:48:39 AM
#22:


Is that guys gimmick that he's a bad gimmick? It would fit the name.

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Sajo
02/02/21 12:48:43 AM
#23:


CE_gonna_CE posted...
It sure did, didnt it?
Sure but people are fleeing en masse to other brokerages, where they will buy back in AFAIK.

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ThyCorndog
02/02/21 12:50:22 AM
#24:


RebelElite791 posted...


Well that didn't work. Insert Jeremiah Johnson nodding gif here
lmao I somehow like this better

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CE_gonna_CE
02/02/21 12:55:34 AM
#25:


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IShall_Run_Amok
02/02/21 1:07:54 AM
#26:


RebelElite791 posted...


Well that didn't work. Insert Jeremiah Johnson nodding gif here
Naw man this is art.

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onedarksoul
02/02/21 1:11:00 AM
#27:


It might be over now. The establishment is attempting to co-opt it for their own ends. All organic movements are likely to cease.

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AngelsNAirwav3s
02/02/21 1:12:19 AM
#28:


Either the short squeeze happened last week and its gonna keep going down, or it is going to blast off over $1000 in the next week

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DJquackquack
02/02/21 1:19:42 AM
#29:


Isnt the store only valued at like $18 a share? The stock has bubbled way past the actual profitability of the store.

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g980
02/02/21 7:24:19 AM
#30:


The "investment exec" has about $27mil in assets under management

He isnt exactly an industry leader guys
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SolidShadow3
02/02/21 7:30:09 AM
#31:


>reads Foxnews
>Ignores

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Were_Wyrm
02/02/21 7:37:58 AM
#32:




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WingsOfGood
02/02/21 8:00:28 AM
#33:



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Alteres
02/02/21 8:15:32 AM
#34:


Were_Wyrm posted...
Diamond fist rocket?

Sounds painful.

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#35
Post #35 was unavailable or deleted.
The Trent
02/02/21 8:33:04 AM
#36:


shockthemonkey posted...
If it hits $360 Ill be ecstatic

shit if it hits 300 i'm out again i bullshitted this whole thing up

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JuanCarlos1
02/02/21 2:57:24 PM
#37:


WingsOfGood posted...
Grandpa, we are learning about the great gamestop wars, you were alive to see it, tell us aboit it.

"Yes, I was part of it. I bought 1 share at $100!"



At $98 XD

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Heavy_D_Forever
02/02/21 2:59:15 PM
#38:


lol it's crashing boys just accept it. By the end of the week it's gonna be back under $50

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E32005
02/02/21 3:00:13 PM
#39:


so now i gotta buy this shit? ugh

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RAAAWWWRRR
02/02/21 3:05:43 PM
#40:


Ngl.. as soon as It hits at least $300 im out.

Bascially 1st come 1st serve. many of those who came to the party 1st has the most rewards by now and have already sold.

Personally, If I get at least over $50K, ill sell it, and use a portion for other stocks for the long term. I don't get how so many of them are loosing $30K-over $100K and still holding.

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WingsOfGood
02/02/21 5:23:23 PM
#41:


RAAAWWWRRR posted...
Ngl.. as soon as It hits at least $300 im out.

Bascially 1st come 1st serve. many of those who came to the party 1st has the most rewards by now and have already sold.

Personally, If I get at least over $50K, ill sell it, and use a portion for other stocks for the long term. I don't get how so many of them are loosing $30K-over $100K and still holding.

It is not a loss till you sell.
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