FabSwingers.com > Forums > The Lounge > GameStop / AMC stock
GameStop / AMC stock
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"Anyone else invested in GameStop or AMC stock ? " No. I trade shares but haven't bothered to jump in this pump and dump. Good luck though. Seems to be a winner at the moment. | |||
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"Well GameStop is going to be pushed Upto $1000 and AMC looks to be going the same way , we will see what the markets say when they open . Good luck to all "We'll see. It was fairly flat yesterday - as soon as the funds have exited there will only be PIs to pump the share. People will take profits and move onto greener pastures I expect. The key is going to be judging when the best time is to get out. | |||
"Well GameStop is going to be pushed Upto $1000 and AMC looks to be going the same way , we will see what the markets say when they open . Good luck to all "Blackberry and Nokia also | |||
"Well GameStop is going to be pushed Upto $1000 and AMC looks to be going the same way , we will see what the markets say when they open . Good luck to all
We'll see. It was fairly flat yesterday - as soon as the funds have exited there will only be PIs to pump the share. People will take profits and move onto greener pastures I expect. The key is going to be judging when the best time is to get out. "It's being done on purpose to try and bankrupt a couple of hedgefunds that where shorting the stocks, alot of people are not doing it in reality to make any money. Melvin Capital are like 14 billion dollars in the hole atm from what i know | |||
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"Well GameStop is going to be pushed Upto $1000 and AMC looks to be going the same way , we will see what the markets say when they open . Good luck to all
We'll see. It was fairly flat yesterday - as soon as the funds have exited there will only be PIs to pump the share. People will take profits and move onto greener pastures I expect. The key is going to be judging when the best time is to get out.
It's being done on purpose to try and bankrupt a couple of hedgefunds that where shorting the stocks, alot of people are not doing it in reality to make any money.
Melvin Capital are like 14 billion dollars in the hole atm from what i know
"True will be interesting to see what happens to the fund , I’ve invested in AMC so let’s see . | |||
"Nope don’t agree with they trade in methods just like game and cex You can buy a new game just out that day take it back a hour later and they offer you £20 for a £60-£70 game then shove it back on the shelf’s for £45 pre owned make dubble the profile One off the reason I am all digital now as I wouldn’t trade games in at all " I kinda agree but also think we need a strong reseller/preowned market to stop mainly console manufactuers and publishers taking the piss with game prices. Only reason ps/xbox sell a digital version cheap is because they trick people into thinking its the cheaper option to begin with, but then you are stuck in a walled garden paying £75 for games possibly years after release. | |||
"No but I loving watching all the Neoliberalism free market absolutists losing their damn mind. Calling for regulations and how the government need to step in to help. Lol the irony azmaing " It’s great watching it all unfold | |||
"No but I loving watching all the Neoliberalism free market absolutists losing their damn mind. Calling for regulations and how the government need to step in to help. Lol the irony azmaing " This... You can almost hear them crying as they wail, "its not fair"  | |||
"Nope don’t agree with they trade in methods just like game and cex You can buy a new game just out that day take it back a hour later and they offer you £20 for a £60-£70 game then shove it back on the shelf’s for £45 pre owned make dubble the profile One off the reason I am all digital now as I wouldn’t trade games in at all " That’s just good business sense! If they sold games for £60, let you play them then refunded you then sold it again for the same price they’d go bust in no time. Just be thankful they offer trade ins at all. Digital is ok but you can’t usually shop around for good deals and there’s zero chance of trading in so I’m not sure you’re logic works. Lou x | |||
"Nope don’t agree with they trade in methods just like game and cex You can buy a new game just out that day take it back a hour later and they offer you £20 for a £60-£70 game then shove it back on the shelf’s for £45 pre owned make dubble the profile One off the reason I am all digital now as I wouldn’t trade games in at all " For every new game sold at game the company only makes £1 of it. That way they push 2nd hand games so much and thing like disc care. | |||
"Nope don’t agree with they trade in methods just like game and cex You can buy a new game just out that day take it back a hour later and they offer you £20 for a £60-£70 game then shove it back on the shelf’s for £45 pre owned make dubble the profile One off the reason I am all digital now as I wouldn’t trade games in at all I kinda agree but also think we need a strong reseller/preowned market to stop mainly console manufactuers and publishers taking the piss with game prices. Only reason ps/xbox sell a digital version cheap is because they trick people into thinking its the cheaper option to begin with, but then you are stuck in a walled garden paying £75 for games possibly years after release. " The other reason is they tax the developer 15p per £ So if a games £70 Sony and Microsoft make £10.50 off that same and the developers get the rest But the games shops are the worst rip off merchants in the world I would let them all go bust When the ps4 pro came out I took my normal ps4 in to trade in for it better than sitting gathering dust I thought till they offered me £60 for it and seen pre owned base ps4 for £200 let’s just say I left with the pro and ps4 | |||
"Nope don’t agree with they trade in methods just like game and cex You can buy a new game just out that day take it back a hour later and they offer you £20 for a £60-£70 game then shove it back on the shelf’s for £45 pre owned make dubble the profile One off the reason I am all digital now as I wouldn’t trade games in at all For every new game sold at game the company only makes £1 of it. That way they push 2nd hand games so much and thing like disc care." Pretty much why GAME is just a store for Funko pops and other crap now tbh They should of went semi digital with a storefront a bit like CDKEYs and offer tournaments and stuff instore with impulse purchases availble with a possible membership. A bit like the Games Workshop model. Not that instore stuff is overly viable atm with Covid | |||
"No but I loving watching all the Neoliberalism free market absolutists losing their damn mind. Calling for regulations and how the government need to step in to help. Lol the irony azmaing This... You can almost hear them crying as they wail, "its not fair" ""Where supposed to be manipulating the prices" lol It all most like supply economics is designed to create unstable market and huge bubbles  lol | |||
"Nope don’t agree with they trade in methods just like game and cex You can buy a new game just out that day take it back a hour later and they offer you £20 for a £60-£70 game then shove it back on the shelf’s for £45 pre owned make dubble the profile One off the reason I am all digital now as I wouldn’t trade games in at all That’s just good business sense! If they sold games for £60, let you play them then refunded you then sold it again for the same price they’d go bust in no time. Just be thankful they offer trade ins at all. Digital is ok but you can’t usually shop around for good deals and there’s zero chance of trading in so I’m not sure you’re logic works. Lou x " Yes and no depends on the developer some I don’t pay for lol well mmm probably will now after my latest dig and Ubisoft | |||
"Well GameStop is going to be pushed Upto $1000 and AMC looks to be going the same way , we will see what the markets say when they open . Good luck to all
Blackberry and Nokia also"Looking at Nokia now which have won the contact for 5G equipment rollout along with BT | |||
"Well GameStop is going to be pushed Upto $1000 and AMC looks to be going the same way , we will see what the markets say when they open . Good luck to all
Blackberry and Nokia also
Looking at Nokia now which have won the contact for 5G equipment rollout along with BT "Nokia own the pattin for any mobile phone for ever phone sold Nokia gets 15p they don’t need 5G roll out | |||
"Well GameStop is going to be pushed Upto $1000 and AMC looks to be going the same way , we will see what the markets say when they open . Good luck to all
Blackberry and Nokia also
Nokia’s share prices have been stagnant for years until yesterday.
Looking at Nokia now which have won the contact for 5G equipment rollout along with BT
Nokia own the pattin for any mobile phone for ever phone sold Nokia gets 15p they don’t need 5G roll out " | |||
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"Well GameStop is going to be pushed Upto $1000 and AMC looks to be going the same way , we will see what the markets say when they open . Good luck to all
We'll see. It was fairly flat yesterday - as soon as the funds have exited there will only be PIs to pump the share. People will take profits and move onto greener pastures I expect. The key is going to be judging when the best time is to get out.
It's being done on purpose to try and bankrupt a couple of hedgefunds that where shorting the stocks, alot of people are not doing it in reality to make any money.
Melvin Capital are like 14 billion dollars in the hole atm from what i know
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"If shorting a company is fine, I don't see what is so bad about this." Because in their mind it not the right type of people doing it. | |||
Would anyone be so kind as to explain this like I'm 5? | |||
"I've read about this and it seems really interesting but I know nothing about stocks and shares or any of the terms
Would anyone be so kind as to explain this like I'm 5?"https://www.youtube.com/watch?v=4EUbJcGoYQ4 Kinda explains it | |||
"I've read about this and it seems really interesting but I know nothing about stocks and shares or any of the terms
Would anyone be so kind as to explain this like I'm 5?"I saw a really good one thst involved Apes, snakes, and bananas! 
Like you I had very little know how in terms of the big stock world but it made a lot of sense | |||
"I've read about this and it seems really interesting but I know nothing about stocks and shares or any of the terms
Would anyone be so kind as to explain this like I'm 5?
https://www.youtube.com/watch?v=4EUbJcGoYQ4
Kinda explains it"Thanks, will definitely check this out! | |||
"I've read about this and it seems really interesting but I know nothing about stocks and shares or any of the terms
Would anyone be so kind as to explain this like I'm 5?
I saw a really good one thst involved Apes, snakes, and bananas!
Like you I had very little know how in terms of the big stock world but it made a lot of sense "I wouldn't mind knowing that analogy  | |||
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"So the big bad bulls of Wall Street are rather upset because they’re been short selling GameStop since it’s been failing massively in recent years and have now been caught with their pants down and it’s time to pay up? The amateur investor can cause some serious chaos when they hype takes hold, look at Robin Hood or 212, Tesla is the most traded stock. Despite its ridiculous overvaluation. Times are/have changed" It's a beautiful thing. Unfortunately these people do have some power, so they'll probably look to the courts to try and shut this kind of thing down in future. Only they're allowed to play the game. | |||
"I've read about this and it seems really interesting but I know nothing about stocks and shares or any of the terms
Would anyone be so kind as to explain this like I'm 5?
I saw a really good one thst involved Apes, snakes, and bananas!
Like you I had very little know how in terms of the big stock world but it made a lot of sense
I wouldn't mind knowing that analogy ""Let's say 5 banana's currently cost $10. One ape on the market has 5 banana's. Snake asks to borrow 5 banana's for a bit and instead sells the 5 banana's thinking price will go down soon (shorting). He thinks he can buy them later for less and give them back to ape, so he make's profit on the difference. "Group of apes notice what stupid snakes are doing and decide to buy all banana's on the market until snakes have no other choice than to buy from the group of apes in order to return what they borrowed. If group of apes stay strong then price will go UP." | |||
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"Robin hood have fucked themselves by blocking trades for their retail investors to help their market buddies. This is going to a congressional hearing for sure. On another note, this surreal situation gets better in the fact you have people like AOC and Warren on one side agreeing with Ted Cruz and fucking Ben Shapiro on the fact what Robin hood did was wrong. I mean I can't wait for the inevitable prestige docuseries covering this whole fiasco. The sad part is a lot of gullible ordinary folks are going to get totally ruined at the end of this from all I've seen of savings being put in." So many retailers are going hard at it very late to the party after the exposure in the last few days. I hope they didn't spend too much. | |||
"Robin hood have fucked themselves by blocking trades for their retail investors to help their market buddies. This is going to a congressional hearing for sure. On another note, this surreal situation gets better in the fact you have people like AOC and Warren on one side agreeing with Ted Cruz and fucking Ben Shapiro on the fact what Robin hood did was wrong. I mean I can't wait for the inevitable prestige docuseries covering this whole fiasco. The sad part is a lot of gullible ordinary folks are going to get totally ruined at the end of this from all I've seen of savings being put in." Trading 212 also blocked new positions for “user loss mitigation” reasons. The notice came through on my account at 11am. Not that I’d be stupid enough to jump on the hype train. But like you say there will be a lot of people who have lost out by the decision to close trading. | |||
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"So the big bad bulls of Wall Street are rather upset because they’re been short selling GameStop since it’s been failing massively in recent years and have now been caught with their pants down and it’s time to pay up? The amateur investor can cause some serious chaos when they hype takes hold, look at Robin Hood or 212, Tesla is the most traded stock. Despite its ridiculous overvaluation. Times are/have changed It's a beautiful thing. Unfortunately these people do have some power, so they'll probably look to the courts to try and shut this kind of thing down in future. Only they're allowed to play the game." Indeed. It's a real shame they let plebs trade. The billionaires are losing lots of money.  | |||
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"This is a great summary For anyone wanting a breakdown of what’s happening with GameStop stock, someone broke it down...... brilliantly Kat Beatriz If you guys haven’t been following the GameStop Stock Shit-Show, you really need to look into it. This is fucking hilarious. Allow me to catch you up. So this hedge fund called Melvin Capital wrote out some douchey article about how the smart investment move would be to short-sell GameStop stock. To put it simply, short-selling is essentially gambling that a stock’s price will drop. If it does, you make money. If it doesn’t, you end up paying out money for however much it goes up. Well, this little article that Melvin wrote pissed off a dark, dank corner of the internet called Wall Street Bets. WSB is a hive of Ritalin-addled lunatics who treat the stock market like a fucking casino. These dudes will regularly gamble their life-savings on a single trade. It’s a glorious thing to watch. The WSB crew has a weird fascination with certain stocks. They call them “meme stocks.” Tesla is one, AMD is another, and GameStop, arguably, is the most weirdly beloved meme stock. So for reasons that make sense only to the degenerates on WSB, Melvin trying to short-sell their meme was a declaration of war. Yes, this is dumb. But it gets so fucking hilarious. WSB decided to do a “short squeeze.” This is when you see people trying to short a stock, so you buy up that stock, and you get a bunch of other people to buy up that stock. With each purchase the price actually goes up. Since Melvin was trying to short the stock at a price of $20 per share, WSB wanted to get it as high above that price as humanly possible. They got it up to $200 per share. This means Melvin has to cover over $180 per share they bought. This came out to billions. Fucking. Billions. Melvin Capital, over night, was suddenly facing bankruptcy. Think about that. A bunch of self-identified degenerates on a fucking website were able to tank a fucking hedge fund. That’s hilarious. Well, the rich and powerful don’t like seeing us plebeians fucking with one of their own. So Point72, another hedge fund, teamed up with a few other little funds, and they injected around THREE BILLION into Melvin Capital to keep them from spiraling. Essentially this meant the billionaire hedge fund crew were banding together to fight back against Wall Street Bets. And WSB just said “okay, no problem.” Today the stock for GameStop is at $320 per share. Melvin Capital lost all of that three billion they were given. It’s gone. They’re still fucked. Point72 gave a little over a billion of that injection, and that means that fund dropped from 17 billion to 16 billion. That means in less than 24 hours WSB managed to all but ensure one hedge fund will die and drop the value of another by 6% so far. And remember, WSB are just a bunch of jackasses on the internet. They aren’t hedge fund guys, they aren’t millionaires or billionaires. This is literally being done by morons with a phone app coordinating to ruin billionaires’ lives because they can. What we’re watching here with GameStop stocks is a bunch of rich people who are getting fucking wrecked, purely for entertainment, by the kind of middle-class and poor people they regularly lobby against and treat like this. This “eat the rich” via phone app. It’s “damn the man” with a meme-stock. It’s fucking beautiful. And because whoever is writing our reality lost all sense of subtlety after 2020, the icing on the cake is that the app the WSB crew are using to pull this off is a stock-trading app called Robin Hood. Yeah, as in steal from the rich and all that jazz. Goddammit, I truly love living in the future.’ And now Melvin owe in surplus of 11 billion " | |||
"This is a great summary... And now Melvin owe in surplus of 11 billion "This was a pretty funny summary! | |||
