This is actually a great post. Different stock but I could sell $AMC for a large profit right now, Id roll that vintage shirt after the major dips the last couple of business days. I got in real early. I’m not going to sell though because I genuinely believe in the company’s long term ability to succeed. So I could sell now for a good profit, or I could suck it up and watch my account continue to lose money knowing that if I hold I could see $35 a share in a few months.
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Id roll that vintage shirt actually think Gamestop is currently worth over $40 a share? Nowhere have I seen the logic that its fundamentally worth over $100. If people actually thought it was worth that, they wouldn’t be spamming everyone to hold it.Comparing holding TSLA since 2019 to what’s happening with GME right now is a new tier of retardation. TSLA’s big down turns were generally predicated on its cash burn, and its inability to pay bond holders, delays in giga factory construction, production issues and order delays, quality control issues, as well as constant CFO turnover.GME is a $4 stock that a bunch of beautiful retards pumped in order to engineer a short squeeze, but now the rocket appears to be running out of fuel. Apples and oranges. The upside potential of GME has nothing to do with fundamentals, and everything to do with technicals and momentum. TSLA’s upside has always been predicated on the hope for its future potential being restored when fundamentals improved. “Hope” isn’t going to move GME from $90 to $800 to trigger a short squeeze.
I think the bull case could be made. They have 450 million in cash, growth in online sales, started selling pc parts, new ownership, and were previously valued based on zero growth. Their yearly revenue is equal to the current market cap.