Put in 50 grand. Peaked at 48 million. Currently has 22 million.
I'm sure he'll be fine.
Let's not kid ourselves, GME is worth shit, by all metrics the company is a failed company and covidshit, as if shit wasn't bad enough already
The value of GME stocks is backed by nothing but sheer retardation, so yeah, as long as GME holders remain fully committed to retardation, he'll do fine yes
GME as a business is maybe worth 25 a share. Maybe.
The Value isn't in the business, the value is in the proposition that short sellers might have to cover.
Say you are right and it stabilizes at $25.
That still puts it at 5x what it was trading at in June.
The $5 share in June was artificially low. And hedgies were trying to push it even lower before the short.
Dfv can take a loan out against his stocks and invest in other stuff.
Wsb is trying to pump AMC and Blackberry. 2 more companies that have the potential for bankruptcy.
But they are holding long for Nokia. Which is like holding Fannie Mae/Freddie Mac. The government won't let Nokia fail. And Nokia is building out infrastructure to be the 5g competitor to huahuei. So they have long term viability.
I thought this was originally based on them stepping-up their online presence? The long-term expectation of a small increase in value anyway, not the current craziness.
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