ddarcy wrote: » For the grins of it I looked at shorting it through my broker. It is classed as hard to get. So I would be paying 1500% interest to short it now. The max put option I can get is 60 as well (so is out of money); very strange. I can see the SEC going to town on this. Think it still will go up a bit more with the short squeeze as so many shares are shorted, but the company is on its last legs, so it will eventually come down to 0 in my opinion.
Supercell wrote: » BB up 27% premarket, amazing the power of a single reddit group.
Stormington wrote: » Please short it. I will gladly take your money.
DulchieLaois wrote: » Torn with Gevo atm, wondering is it really worth all the hype ?
circadian wrote: » I don't think that's accurate. It's possible that their shift from Bricks and Mortar stores could go horribly wrong but they still have some gas left yet. I agree these shares are way above the actual company value, at the minute. We could see some innovation in the space as there are few dedicated games retailers left and having worked in that industry before the console manufacturers still need companies like Gamestop to sell their hardware. Basically it worked like this in B&M stores. Consoles sold pretty much at cost, and these costs were subsidised by the manufacturers. They didn't care the cost, they just needed units sold. Brand new games, a little bit of profit on these but not a huge amount. Trade ins were bread and butter but that has since changed with how content is now delivered. Accessories, always upsell accessories. Headsets, controllers, HDMI cables. Whatever, this is where the big markup was. I think there's still a bit of fight left for Gamestop, it's got international recognition and if they play their cards right, could keep going.
Chuckie_Egg wrote: » would it not be prudent for Gamestop to issue more shares at these elevated prices and get some much needed funds?
johny33 wrote: » I think that would immediately crashed the price, so no use to them... (based on my limited knowledge of the market)
ddarcy wrote: » Honestly they need new revenue streams. The way gaming is going they are not going to get it. They are perfect to be bought out though. Someone like Best Buy in the US would be perfect. Then potentially Curry’s in the UK/Ireland. Since US masks are on their last legs as well, they’re getting hurt there too.
buyer95 wrote: » Surely these pre market gains will fall back a bit half an hour after the opening bell with GME? A lot of people will want to take their gains on the premarket. That's my thinking anyway, and I might jump in if there is a mini sell off after the opening.
Supercell wrote: » People talking about another so called "infinity-squeeze" on GME now, good article on a previous one - https://moxreports.com/vw-infinity-squeeze/
thomas 123 wrote: » My god GameStop my god
masterK wrote: » Does anybody know of any resources that display up to date short interest for stocks? The closest I can see is the Nasdaq site but they only seem to update it every few weeks.
robman60 wrote: » Just went in on BB to see what comes of it - fully aware I could get caught bag holding.