Oh god what did Chewy do?

Yeah, about the ”authorities”….

I'm at 200+ owned on GOG here, takes a lot less physical space than all those GME disks I used to pick up.

You're just selling to some roaringkitty fanboy the actual company couldn't care less. If you're in a 350 you may as well hold it on the off chance something weird happens and you could break even. Or, you can sell at a loss for the tax benefit, but that only applies if you have capital gains to use it against. So if you find one year you make some money off some other stock that would be a good time to sell the GME at a loss.

Good luck man. What happened last time they got a huge influx of cash from retail traders? From what I read they wasted it in NFTs. Now they're wasting it on trading cards. The company is floundering. Surviving purely from generational nostalgia at this point. When that runs out the rug will be pulled.

I agree that selling a $100 stock doesn't hurt the company $100 -- but it does hurt them some amount between $0 and $100 which I don't feel qualified to calculate. The ultimate reason that stocks go down is because people sell.

Can't cancel what I never did. GameStop routinely has terrible prices, poor selection (in my area), and mediocre service. I buy most of my used games from eBay, and most of my new games from Target (when on sale). Screw GameStop...

I hear they're moving to a bigger venue.

I doubt it's related: > The reality is that the physical side of GameStop's business has been in steady decline for a while. In 2019, GameStop closed around 200 stores in an attempt to "reboot" the company. GameStop's fortunes briefly rose due to its 2021 stock surge, but shares quickly plummeted following that initial spike. They're probably just not making a profit anymore in those regions, so they're closing up shop, and the CEO took the opportunity to go on a largely unrelated rant.

For a good price, who wouldn't? That's a _lot_ of real estate.

> just for it to double or triple again Wow, talk about sunk cost fallacy...

Yup. I buy broad index funds, and the only time I need to think about it is when I do my taxes. I check more often, but more out of curiosity than anything (I like seeing line go up).

The elites don't want you to know this, but you can grow your own plants

Exactly! It would even be cool to have common ownership _between_ games, like if I bought a license for a cool skin and the dev/modder made the skin compatible with a bunch of other games. The game would just check if I own that particular IP, and the load the appropriate data that corresponds to in the game. It would also be cool to buy and sell houses w/o having to go through a title company ($$$). If deeds were on a blockchain, the state could just look up ownership info and bill whoever the current owner is when tax season rolls around. There are already mechanisms for managing liens and whatnot (smart contracts), so I could completely skip the corrupt financial industry. The same is true for a ton of other things. NFTs could be an _amazing_ technology to simplify a ton of real life things. As long as people agree to a given blockchain, transactions would be incredibly straightforward. But no, scammers had to go and mismarket it, rich people had to use it for money laundering, and governments had to go on attack mode. This is why we can't have nice things.

Nah my initial investment wasn't nearly as much in Bitcoin...

The amount of the investment is irrelevant, what's important is the expected future return. Do you _expect_ GME to increase faster than other options in some time frame? If not, sell it and invest in something with a higher expected return. Likewise for Bitcoin. Whether something is currently up or down is irrelevant, as is the amount of your investment. The only relevant detail is the expected return and risk (variation) in the investment. Anything else is just gambling.

What do you mean unproven social media claims? the $4 billion in cash is in their quarterly earnings: https://gamestop.gcs-web.com/static-files/2c1eac18-9f79-41b9-9e56-a8db8fe7aac4 Pretty easy to verify yourself.

Or you can stop thinking about it like a little douche bag and understand some people just don't give a fuck...

That would be a valid assessment if the stock price had jumped **after** the quarterly earnings. Their stock price jumped *before* the quarterly earnings was announced. It has nothing to do with it, nor any of their fundamentals Also notice: Cash flow is neutral or negative and has been for a while now. Revenue peaked in 2018 is now less than 62% of that peak. Revenue per quarter is also down 11% year over year. Company lost 34 million dollars last quarter, and has not had a positive operating income since feb 2018. https://www.msn.com/en-ca/money/watchlist?tab=Related&id=a1tyxm&duration=1Y&src=b_fingraph&relatedQuoteId=a1tyxm&relatedSource=MlAl&l3=L3_Financials

Dump the stonks!