Page 2 of 2 FirstFirst 12
Results 14 to 19 of 19

Thread: $gme

  1. #14


    Did you find this post helpful? Yes | No
    Many of the reddit assholes will earn a hard lesson: what goes up always and inevitably comes down. Nothing has changed regarding the fundamental value of GameStop. It's was a shitty stock before all this nonsense and will remain so. It will go back to being a $20 (or lower) stock. My opinion is that the easy money by the teenagers has been had. The harder lessons are going to come, and some of them won't be pretty, especially in the options markets, where losses can be dramatic -- 100% of one's investment.

    That said, I don't know the time frame. As Keynes once famously said: The market can remain irrational much longer than you can remain solvent!

    Don

  2. #15


    Did you find this post helpful? Yes | No
    Well said, Don.

  3. #16
    Random number herder Norm's Avatar
    Join Date
    Dec 2011
    Location
    The mote in God's eye
    Posts
    12,461
    Blog Entries
    59


    Did you find this post helpful? Yes | No
    A San Antonio mother wanted to give her nine-year-old son a lesson about investing. So, she bought $60 of stock, printed out a stock certificate, framed it and gave it to him as a Kwanzaa gift. He wanted an XBox. But, he thought it was cool that he owned a tiny piece of a store he really liked -- GameStop. He just sold it for $3,200.
    "I don't think outside the box; I think of what I can do with the box." - Henri Matisse

  4. #17


    Did you find this post helpful? Yes | No
    Quote Originally Posted by Norm View Post
    A San Antonio mother wanted to give her nine-year-old son a lesson about investing. So, she bought $60 of stock, printed out a stock certificate, framed it and gave it to him as a Kwanzaa gift. He wanted an XBox. But, he thought it was cool that he owned a tiny piece of a store he really liked -- GameStop. He just sold it for $3,200.
    Great lesson. Now the kid will think there's no need for an education or a job.

  5. #18
    Random number herder Norm's Avatar
    Join Date
    Dec 2011
    Location
    The mote in God's eye
    Posts
    12,461
    Blog Entries
    59


    Did you find this post helpful? Yes | No
    True. When I was a preteen, I sat at Dean Witter and watched the ticker after my paper route. And I skipped the education part.
    "I don't think outside the box; I think of what I can do with the box." - Henri Matisse

  6. #19


    Did you find this post helpful? Yes | No
    Quote Originally Posted by drunk View Post
    right now GME is a Ponzi scheme - nothing else
    Exactly. First ones in make money; last ones in get hosed. Currently 220 points lower than its high a few days ago. Look out below! And all of the call options that are going to be worthless will be staggering.

    Don

Page 2 of 2 FirstFirst 12

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

About Blackjack: The Forum

BJTF is an advantage player site based on the principles of comity. That is, civil and considerate behavior for the mutual benefit of all involved. The goal of advantage play is the legal extraction of funds from gaming establishments by gaining a mathematic advantage and developing the skills required to use that advantage. To maximize our success, it is important to understand that we are all on the same side. Personal conflicts simply get in the way of our goals.