Are redditors still diamond hands on gme?
Let me tell you a story… I sold off all my Bitcoin and put it all into GME stock right when it was starting to go up… Because why not right? It wasn’t much like it was worth 1000 bucks or something… Because everyone said the bitcoin bubble was going to pop or something… And then Bitcoin went from 30k to 60k in like two months… And now it’s closer to 100k
Long story short I make bad choices and no fuckin way I’m selling my GME for a loss just for it to double or triple again in two months
-whispers into your ear-
You should sell.
I think people underestimate the mental health benefits of never thinking about whether number you can’t control or predict go up or down.
I already said it but my investment is less than it’s worth and I really don’t care about it… if it does go back up a lot I would rather have it and be able to sell then do another Bitcoin situation
I see you jack.
Jack: This is GE!
Banks: It’s just G now, Jack. I sold the E. To Samsung. They’re Samesung now.
God, where’s the 30rock Lemmy?
Where is the /s?
WHERE IS THE /S?
It’s really greentext
It’s not I assure you… I paid like 50 bucks for the Bitcoin I think maybe 100 at most… I had it for a while… I don’t care about the money it’s mostly written off I just let it sit at this point because you can’t time the market or something
It’s more a commentary on your writing style, but the potential for satireality is written all over it.
<be me
<sell off all my Bitcoin
<put it all into GME stock right when it was starting to go up
<because why not right?
<1000 bucks or something
<because everyone said the bitcoin bubble was going to pop or something
<bitcoin goes from 30k to 60k in like two months
<now it’s closer to 100kLong story short I make bad choices and no fuckin way I’m selling my GME for a loss just for it to double or triple again in two months
I blame the lack of attention, and focus… But I guess your right…
Taking the loss on GameStop is something you can take as a tax write-off for years (depending on the size of loss).
Not since Ryan Cohen gave the shorts everything they wanted with the stock sale last year and had absolutely nothing to show for it like a new product or acquisition. Ryan Cohen betrayed his core investors and did something that was supposed to be impossible. He turned a MACD Golden cross into a death cross with a stock sale. Impossible because it would take considerable timing, and back door dealing that is still illegal, in order for it to happen. GameStop dead. Ryan selling assets cuz the ship ain’t righted, and he ain’t got a better plan. Shrink the business and rip off the small guys that invested.
Frankly I think every stock-oriented subreddit is a controlled operation meant to pull value from the subscribers only. I doubt almost any thread on those subs are people authentically sharing their perspectives.
At the rate these chains are telling me to fuck off with my business and ignore them I’m gonna end up with nothing but farmer markets and crafts shows to shop at…
And somehow, Costco? Weird twist.
It’s not even a weird twist it’s just people who understand how capitalism actually functions and realize that investing in their workers means their workers have more disposable time and income to spend buying shit at Costco.
It’s wild to me that we’ve had to go from advocating for leftism/unions to “if we are gonna do capitalism shouldn’t we at least do it in a way that won’t break literally everything?”
Costco is simply a traditional capitalist business that doesn’t want to see the economy completely implode for everyone but the rich. They are simply promoting capitalist economic fundamentals that made the US an economic powerhouse in the world and built a wealthy “middle class.”
Treating your workers well is also an attempt to prevent unionization. Only about 8% of Costco employees are represented by a union.
Ford used to say something to the effect of ‘pay your workers well enough to afford the product they’re building’ and it seemed to work well.
He was also a horrible anti-semite
That too, though I haven’t had reason to go there just yet. Curious to see some stats over the year to see if there’s a notable bump for them due to standing against the trend to kill DEI.
I also haven’t had a reason to go there, haha. Probably soon for diapers, though, as Target is also shooting itself in the foot.
Nearest Costco is about 45 minutes from me so while it looks like a decent replacement to Target, it’s going to have be a bit more planned that just pop out for a quick thing.
Still sort of working on how to keep track of who all I need to avoid. It may only be a small amount but I’m a stubborn one when it comes to avoiding shops. The city pissed me off once so I refused to use their municipal beer shop for like a decade after.
I have some bad news about farmers for you…
But good news about crafters.
Time to double-down on making ironic kitsch that say violent things but in a cute, folksy way. Like a pretty sign with script letters and flowers adorning the edges, saying Deny, Defend, Depose instead of Live, Laugh, Love.
Honestly, is that a bad thing though?
Nothing really aside from the annoyance of living where everything is 20 miles apart makes shopping at multiple small shops quite time consuming.
Good for retro though
Do not ask those farmers follow-up questions.
What’s so bad about that?
They don’t sell a lot of video games at farmers markets and craft shows… You have to go to a flea market for that, and those are rather dodgy.
What ya dont want to gawk at the gangster spongebob shirts that seem to be at every stall?
It’s moreso that the vendors seem to fall into two not entirely seperate categories.
- The sheistiest sheister that you would be terrified to get in a van with.
- Someone who definitely has a borderline illicit script of oxy on them and think bathing is an option, and a philosophical dilemma.
Holy fuck, it’s obvious you don’t feel comfortable around people you perceive as “less than you” lol. “illicit script of oxy on them and think bathing is an option” Do we have a Lemmy Uppity Award for fake narratives?
If you actually walked around a flea market, as a human being, you would see it’s mostly families and senior citizens. You’ve selected a few “characters” for your narrative and have grossly stepped into some pompous position of enlightenment. Anyone that loves cheap electronics to tinker with absolutely gets thrilled to go to a flea market with some disposable income.
It takes a special kind of drug induced “sketchy” person to wake up at 6am on a saturday to try and make some income, damn shame there’s people like you out there that wouldn’t give the location a chance but will walk into any corporate store without a thought to “all the shady, drug ladened CEO’s you don’t want to get into a van with”. But you can’t see them so I suppose that might make it better for you.
You can get them online for free
They don’t sell a lot of video games
Wait, y’all buy them?
[AwkwardMonkey.jpg] 👀
It has absolutely nothing to do with their entire core business model being obsolete.
Nor with the issue that they’ve been hemmoraging money at a staggering rate.
Wait, their business model of giving you $3 for a game they’ll charge $50 for isn’t working? The business model that I have to go drive and interact with someone and hope the game is in stock? Who would have thought?
The company as a whole is profitable with not a dollar of debt, where is this staggering hemmorage?
Recall that the first quarter after the whole WSB thing, they had something like 2 billion in cash from that whole thing.
A year later, they had 1 billion.
Half a year later, 500 million.
All of a sudden this quarter, after shutting down stores all over the place and gutting their staff, they’re claiming 4 billion cash on hand, helped out by unproven social media claims growing their stock price 30%.
doubt. Their business model relies on physical games being sold multiple times, once when new, and then multiple times as used copies. This is why they’re focusing on retro consoles. New consoles have passable online marketplaces, so Gamestop cannot compete, and are completely inferior to PC gaming, which hasn’t needed Gamestop in 20 years.
Theyre also going against small gaming hobby stores which while not everywhere they can offer secondary services not reliant on reselling games multiple times. Such as offering LAN parties for old games, table top games, or even movie nights. These are just things I know the shop one of my kin in Arkansas goes to does.
they’re claiming 4 billion cash on hand
If that’s a lie then they will get absolutely wrecked by the authorities since they’re a publicly traded company.
Over 4 billion cash is shown on the balance sheets on their latest filings too
Yeah, about the ”authorities”….
Publicly traded companies misrepresenting their finances, especially to this claimed extent, are not tolerated and are dealt with harshly.
My local stores sell steam games and PC parts, I don’t think you understand the business model… When was the last time you visited a store?
Not to mention now they’re doing pokemon tcg, that just prints money.
Oh yeah the trading card business too, plus all the homewares now. Currently eating dumplings out of a pokemon licenced bowl manufactured by gamestop
Good luck man. What happened last time they got a huge influx of cash from retail traders? From what I read they wasted it in NFTs.
Now they’re wasting it on trading cards. The company is floundering. Surviving purely from generational nostalgia at this point. When that runs out the rug will be pulled.
They never bought NFTs, they built a website for trading NFTs. Very minimal expense that’s already written off as it got banned by the US govt
Now they’re wasting it on trading cards.
I think you might need to do a bit of reading and research about the Pokemon TCG market. They should be pouring as much money as they can into it. With their brand name and reach they should be able to get a lot of stock from suppliers, and it can make them massive, massive profit. Pokemon TCG is the hottest product on the market, with new stuff selling for 4x RRP on day 1.
But the instance dedicated to a death-grip on this one stock said it was the future!
Anyone who didn’t sell after the idiocy of the NFT market is a fuckin bagholder through and through.
An NFT market was stupid to begin with, because it’s trying to use endless amounts of CPU cycles to enforce an “ownership” system that is genuinely unneeded and only serves to benefit Capital and Capitalists.
Hell yeah let’s burn down the planet for fuckin skins in video games! /s
Later, they would shut down the same market, after barely over a year and a half.
This was and is a company with no concrete plans for the future that was spinning its wheels since its core business was failing and continues to fail.
Diamond hands? More like Sunk Cost Hands.
Hell yeah let’s burn down the planet for fuckin skins in video games! /s
It’s an apt comparison but NFTs are sooo much worse than skins. At least there’s an opportunity to “enjoy” skins as well as show them off during an activity you’re doing anyway.
With an NFT it’s just “look at this picture I own!” and nothing else
I thought an NFT was just a link to an image and didn’t actually contain the image itself?
Yes. The data for the image isn’t hosted in the block chain of the NFT. The NFT is basically an unfalsifiable digital signature of authenticity.
They’re popularly used for digital art, but can be paired with any technology as a digital signature.
Neither of you are correct, technically, although you shouldn’t feel bad about that as it’s what 99.9% of people think. An NFT is a representation of ownership on the block chain ledger. It can represent ANYTHING, houses have been sold as NFTs as well as many other things.
I’m curious about the claims of the guy above you as well, I certainly don’t know for sure, but I don’t see why it should take incredible amounts of energy to maintain block chain, and it sounds like that user is conflating crypto mining with NFTs.
Note: I am not promoting either, please don’t buy crypto or pointless NFT images!
I’m glad some people understand beyond the headlines, I think NFTs could be really neat as a way to have some sort of in-game item or w/e, fully transferable and all that 🤷♂️
Especially since most nfts I’m aware of are on the ethererum blockchain, which now uses orders of magnitude less electricity from the switch off of PoW
You’re right but I was assuming NFT dorks would pull up their NFT wallet (?) and click them
Akchually, NFTs don’t even burn CPU cycles to enforce ownership. At best it’s all created and sold by a central party, and at worst the whole thing runs on his laptop.
guess it’s time to finally sell my GameStop stonk.
Carbon hands, everyone.
i made $5 from years of holding 😂 quickest sell of my life
I lost $300 bucks but here’s what I gained: I stuck it to the man in 2021, and I am sticking it to Ryan Cohen today.
I sold all mine the second he started tweeting about trump. Good riddance.
I bought a share at $350. Still holding. Tbh it’s just not worth the effort of resetting my Robinhood password to sell it.
Even if it’s not worth it to you personally, it’s still a good deed to sell stock in a company when their CEO does something like this. Every sell sends a small message.
I assumed it’d be good for them in some way if I sold (I don’t understand stocks). If it sucks for them even a little I’m selling.
… and I’m out of this thing now too. Glad I caught this post.
Sell sell sell!
Seriously, when CEOs say shit like this they’re covering for something. Abandon fucking ship
what an odd thing to say for a company that employs millions of minorities. sold my stock
You might be off by a few million…
RC is turning out to be a giant douche bag. Who would have saw that coming
He always was if you check out interviews with him from years ago. Biggest smug ego of anyone and he talks like a valley girl.
DEI is some zealous American Puritanism which has no relevance in France, so I’m confused how he made the connection?
I don’t really know much about French politics, but surely there is something similar that right wing reactionaries can get upset about there.
For example a Dutch friend of mine who has been radicalized by Joe Rogan, Twitter, and Facebook tells me that you can’t say anything bad about Islam in Holland, as he sends me link after link with fascist anti-Muslim propaganda. (Like… you can’t say things that the “news” that you just sent me is literally saying?)
Honestly as a dumbass still holding worthless empty bags labeled GME, I hate Ryan Cohen almost as much as I hate Musk.
I just wish I was paying attention the day it climbed back up to 60$, I would have sold for a small profit in a hurry…
Same same same same same.
Damn dude, diamond hands or broken hands?
I was locked into FOMO and sunk cost fallacy, I’m now trying to get these scumbags at Computershare to give me my shares back so I can sell them.
Oof, you went full DRS. Not judging, I probably would’ve sone the same if I got in late.
Yeah, it’s an embarrassment I have to live with forever. The person who got me and my friends into it doesn’t talk to my group anymore and I think it’s out of shame. I, in turn, feel shame not only for my part in participation in the market, but for convincing others to buy shares as well.
Fucking thing sucks, I want my money back Ryan, you cock.
TBF it was a good idea to buy, just required the caveat that you should’ve sold in January. I somehow timed my exit well, then proceeded to plough a stupid amount into another meme srock which now sits at -48k, a good reminder that gambling is for idiots. Like me.
Yeah let me know if you ever figure that out :\
Man, that really sucks. I’m sorry to hear that. I had it happen to me once with $SLV.
The stock price is not declining, and is up for the year. What’s the problem?
It’s a bad sign that you know the CEO’s name.
I was entirely checked out on gme until a few weeks ago, when I remembered it and decided to drop the bag. Turns out I pretty much broke even. Glad to see I was making the right move
Who the hell would be interested ?
A true believer was lost
He just needs to stop, Trumps bro-circle jerk is already full.
His company is alive thanks to a meme. Get fucked, CEO
