Re:Statement of SEC Regarding Recent Market Volatility
by whatshisface on Friday January 29, 2021 @06:48PM
(#25964406)
The idea behind buying those companies wasn't that they had a lot of a future, it was that they had more of a future than their price estimated.
When I get the FOMO urge I think about how BBY just sucks as a store, how much better Netflix is than AMC, and how airlines regularly go bankrupt.
I believe that GameStop has a future as they have a lot of mind share and goodwill. But they need to get rid of their brick and mortar stores.