Man of Leisure
Threatened by women who like sex.
Pretty much sums it upSo this revolt against the bankers of Wall Street by the common man resulted in... let's see.... most of the common men losing money and loads of bankers making money.
Pretty much sums it upSo this revolt against the bankers of Wall Street by the common man resulted in... let's see.... most of the common men losing money and loads of bankers making money.
I think the insane news coverage has surely helped their brand & visibility. They'd be stupid not to use it to their advantage.Has Gamestop the company been saved though?
I think the insane news coverage has surely helped their brand & visibility. They'd be stupid not to use it to their advantage.
Nah, they're a dying brick and mortar retail shop competing against streaming technologies. Simply delaying the inevitable.Has Gamestop the company been saved though?
People do buy consoles there still, which is basically what is keeping them alive (PS5 atm). Not particularly future proof, though.I'm not sure it's that easy. They need people to come in and buy shit.
Buying physical is not an options anymore with patches and DLC.People do buy consoles there still, which is basically what is keeping them alive (PS5 atm). Not particularly future proof, though.
I buy my games online and my hardware online. Peripherals too, though if I wanted to get them immediately I wouldn't even have to go to a dedicated store like GameStop. Regular hardware or electronics stores here like Clas Ohlson and Elkjøp are stocking gaming headsets, keyboards, mice, etc - and in some cases more (Elkjøp, who sell vacuum cleaners, TVs, phones and other appliances, are one of two retailers selling the new Nvidia graphics cards in Norway. Well, in theory, they were both sold out immediately months ago).
you still get patches for physical games, I don’t think that’s ever not been the caseBuying physical is not an options anymore with patches and DLC.
If ps4 made physical patch able the 2nd hand market is still there. But atm same price, patch capability, cloud stream and download anywhere means physical dont stand a chance.
There's literally no advantage of buying physical while the downside almost made it unplayable.
Did i miss something? Serious question.you still get patches for physical games, I don’t think that’s ever not been the case
Over the internet like every other patch, it’s automatic and saved to the internal storage. I buy most of my games physical and you get all the same patchesDid i miss something? Serious question.
How do I patch ps4 games i bought 2nd hand physically?
What's stopping me from borrowing a cd and let my 10 friends copy it?Over the internet like every other patch, it’s automatic and saved to the internal storage. I buy most of my games physical and you get all the same patches
I have no idea about copying discs tbhWhat's stopping me from borrowing a cd and let my 10 friends copy it?
I always thought patching only works for ps4 games bought at psstore
Hmm...might need to double check mineI have no idea about copying discs tbh
But most of the time the game is installed to the hard drive even with a physical disc, you just need the disc in the console to allow you to play it. Some games the game doesn’t even come on the disc it actually downloads the whole thing anyway!
They are sitting on a pile of cash, so they should still be okay, irrespective of whichever direction the stock price goes.Has Gamestop the company been saved though?
See Blockbuster video and HMV. It's delaying the inevitable.Has Gamestop the company been saved though?
Are they?They are sitting on a pile of cash, so they should still be okay, irrespective of whichever direction the stock price goes.
See Blockbuster video and HMV. It's delaying the inevitable.
There's a chance the PS5 is the last physical console, if not then the PS6 certainly will be. They are the VHS videos and DVD players. The next gen will be online and Gamestop will be a game store with no games to sell.
You realise you can download patches for games that come on a physical disk, right?Buying physical is not an options anymore with patches and DLC.
If ps4 made physical patch able the 2nd hand market is still there. But atm same price, patch capability, cloud stream and download anywhere means physical dont stand a chance.
There's literally no advantage of buying physical while the downside almost made it unplayable.
Still. There's no incentive for me to go out and buy physical.You realise you can download patches for games that come on a physical disk, right?
Like, why would you think you wouldn’t be able to?
There’s plenty of incentive. The most obvious and basic one being that you actually own the product rather than purchasing a licence to play a game. There are a number of upsides that come with that: you can sell the game on when you’re finished, you can lend it to a friend, you don’t lose access to a game if your account is banned, and some people like having the physical box.Still. There's no incentive for me to go out and buy physical.
Actual retailer dont always follow sales on psstore. The options are limited.
And i dont even have to go to gamestop or any other retailer.
The sad thing, more like reality of it, is that the 'investors' were throwing cash and not credit. It's a cash game and if you can't afford losing cash or at least ride the rollercoaster for a long while, don't get on the ride for a quick buck.This will be studied in the future as a great example of; 1) How quickly and aggressively a financial bubble can be created, 2) Mass hysteria (on the r/wsb forum)
The poor misinformed 'investors' who were throwing their money at this at $300-400+ to 'squeeze the shorts' and 'get back at Wall St for 2008'. They didn't have a clue what they were doing.
Were they the common man or were they freaks and ghouls who go on Reddit?So this revolt against the bankers of Wall Street by the common man resulted in... let's see.... most of the common men losing money and loads of bankers making money.
Most people weren't on Reddit, this became way bigger than that.Were they the common man or were they freaks and ghouls who go on Reddit?
Anyone who jumped on and lost money got what they deserved!Most people weren't on Reddit, this became way bigger than that.
If they're turning their holding into a long play then that isn't a bad idea at all. A look at the fundamentals and some analysis of the company shows they clearly have a good chance at a decent future so if you plan to hold long then reducing your average to offload down the line will reduce your losses.Just saw someone saying they're planning to buy more GME to lower their $300 average and my mind exploded.
It's a terrible idea. They have an outside chance of a decent future, that's if at these prices their activist investors even care to try a turnaround. They'd be arguably more rational to sell their positions as soon as they're able to considering they probably got in to make 4-5x their money in 3-5 years and got that in a few months without having to do any work. You buy speculative opportunities at discounted prices, that's what the activist and others did. You don't want to buy speculative opportunities at premium prices.If they're turning their holding into a long play then that isn't a bad idea at all. A look at the fundamentals and some analysis of the company shows they clearly have a good chance at a decent future so if you plan to hold long then reducing your average to offload down the line will reduce your losses.
It's a bad idea even at $50. Full of risk and already seen the best returns it's ever likely to. There are far better opportunities to be going after.If they're turning their holding into a long play then that isn't a bad idea at all. A look at the fundamentals and some analysis of the company shows they clearly have a good chance at a decent future so if you plan to hold long then reducing your average to offload down the line will reduce your losses.
Not sure how the math is working out there. Pulling figures out of my ass, let's say some people got in at 300 for 10 shares, 3k total. They're currently losing 2500 if they sell right now at 50. If they truly believe that GME has a good future ahead of it as the fundamentals indicate (and not just desperately gambling on the chance to offset their losses) and so get 10 more at 50 then they're on 20 total for 3.5k total, if the stock rises to 100 down the line they sell for 2k and make a 1.5k overall loss instead of 2.5k. More than 10 units further reduces the potential loss down the line. It depends on if they value the stock long. People who say things like 'they're a company in a dying brick and mortar business' obviously haven't actually looked at the company. If people value the stock long, the moves being made by Ryan Cohen etc then it's not the worst idea.It's a terrible idea. They have an outside chance of a decent future, that's if at these prices their activist investors even care to try a turnaround. They'd be arguably more rational to sell their positions as soon as they're able to considering they probably got in to make 4-5x their money in 3-5 years and got that in a few months without having to do any work. You buy speculative opportunities at discounted prices, that's what the activist and others did. You don't want to buy speculative opportunities at premium prices.
Also mathematically your losses can't be reduced by just lowering the average price. It all depends on the price of each incremental buy vs the price of the final sell. If you buy at a price that's lower than your initial buy, but still higher than your eventual sale price, you've increased the amount of your losses.
It saw the best returns it ever will at $500, but I don't believe it won't rise in the future to an appropriate price for their future performance. The $50 price it's sat at right now seems about right however it appears to have a good future ahead of it. It's true that there are better opportunities to be going after for those who know what they're doing, but if someone yolo'd into this at a high price then let's face it those people aren't going to be identifying those better opportunities.It's a bad idea even at $50. Full of risk and already seen the best returns it's ever likely to. There are far better opportunities to be going after.
I'm sure how the math is working. In your example if the stock is then down to $20 and they finally sell the entire position, their buy of 10 shares @ $50 is costing them an additional $300 ((20-50)*10).Not sure how the math is working out there. Pulling figures out of my ass, let's say some people got in at 300 for 10 shares, 3k total. They're currently losing 2500 if they sell right now at 50. If they truly believe that GME has a good future ahead of it as the fundamentals indicate (and not just desperately gambling on the chance to offset their losses) and so get 10 more at 50 then they're on 20 total for 3.5k total, if the stock rises to 100 down the line they sell for 2k and make a 1.5k overall loss instead of 2.5k. More than 10 units further reduces the potential loss down the line. It depends on if they value the stock long. People who say things like 'they're a company in a dying brick and mortar business' obviously haven't actually looked at the company. If people value the stock long, the moves being made by Ryan Cohen etc then it's not the worst idea.
I never argued with you that if the stock goes down they lose, that's obvious. That's an argument against taking a long position on any company ever so obviously not relevant. As I stated, if they believe in the fundamentals and future growth of the company, then the math for lowering their average would work in their favour. If they're doing it purely as a gamble then obviously not, which I also said.I'm sure how the math is working. In your example if the stock is then down to $20 and they finally sell the entire position, their buy of 10 shares @ $50 is costing them an additional $300 ((20-50)*10).
I've looked at the actual company. I'm an investment analyst and I covered GME for 4 years. Cohen bought at like $10-15. That's the entire point, you can take a punt on a turnaround if you buy at $10 and you make it a good business worth $50 even if your odds of success are below 50%. At $50 you'll find that all its potential (that remains speculative) is priced in.
$50 is not the right price. It's been a $10 stock for years, maybe $20. Ive not seen any reputable analyst say its worth anywhere north of about $30. Nothing fundamental has changed to justify a 400% rise to $50, and if the new management do transform it, where should it go from that original $10 level? $30? $50? It's already there. 10x and it gets to $100? The chances of that happening are (let's say) 10%, but the return from an investment made today is only 2x. That's not a good investment, the risk of $100 not happening vastly outweighs the potential return if it does happen.It saw the best returns it ever will at $500, but I don't believe it won't rise in the future to an appropriate price for their future performance. The $50 price it's sat at right now seems about right however it appears to have a good future ahead of it. It's true that there are better opportunities to be going after for those who know what they're doing, but if someone yolo'd into this at a high price then let's face it those people aren't going to be identifying those better opportunities.
It's a good idea to buy at whatever price if you thing future price will be higher than that price, what your average is is irrelevant.If they're turning their holding into a long play then that isn't a bad idea at all. A look at the fundamentals and some analysis of the company shows they clearly have a good chance at a decent future so if you plan to hold long then reducing your average to offload down the line will reduce your losses.