Re:GameStop: Anger as trading in GameStop shares is restricted
by viro on Thursday January 28, 2021 @12:19PM
(#25945124)
Bruh, lets be honest its GameStop. That company IS going the way of blockbuster. "pure gambling" is a stretch everyone can read the tea leaves here. Honestly pre-covid when was the last time you went into a GameStop and saw more than two other people.
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Re:GameStop: Anger as trading in GameStop shares is restricted
by EpicEng on Thursday January 28, 2021 @12:44PM
(#25945538)
Sounds like you're agreeing with me? Not sure what your point is. Obviously these trades are not based on any sort of fundamental analysis.
Wall street made a bet and now retailers are getting tagged as bad actors for taking the other side.
Re:GameStop: Anger as trading in GameStop shares is restricted
by jhanschoo on Thursday January 28, 2021 @01:09PM
(#25946091)
But it doesn't have to go the way of blockbuster, it appointed 3 new directors to its board with e-commerce and tech experience. It seems to be looking to transition to an e-commerce platform.
Re:GameStop: Anger as trading in GameStop shares is restricted
by yifanl on Thursday January 28, 2021 @12:41PM
(#25945474)
Its going bankrupt in the medium term if nothing changes, but that ratio of shorts would only make sense if it was going bankrupt in a quarter or two, where Gamestop actually rallied on revenue with the release of the new console generation.