Almost 2 Years Ago
2 Min Read
Here's your Reddit Update: GME, COIN, and SPY
The last hour has seen a small amount of chitchat around GME, COIN, and CS.
Let's go to the video tape! GME:
joemama117a - 1 upvotes - source
I fail to understand why huge amount of people are so negative about GME and actually want the company to go bankrupt and all it's share holders lose their investment. If you want something like amazon to take complete monopoly over video game retails market with absolutely no competition what so ever, be my guest. We NEED companies to compete eachother. And besides, GME does not have huge debt like popcorn, and it is making OKAY enough money to pay all their enployees on time. Maybe it's naked shorted, maybe not. But in the end, it's an OKAY company now and it is not going anywhere anytime soon.
DifferentBasis6260 - 1 upvotes - source
The bottom is 300, and the earnings will be bad 7/20 but this has a cult following I mean they shot gme up on absolutely abysmal earnings
Valkanaa - 1 upvotes - source
That's not true either. Yes it's fashionable to have lost money this year but there ought to be some middle ground between YOLO 0 day puts on SPY/GME and dollar cost averaging long positions on S&P 500 mutual funds. Neither position is correct. There is blood in the water and deals to be had on individual securities. There might be better deals on Monday or there might be worse ones but tons of stocks are around 52 week lows and you should probably buy into that unless you think things will get *much* worse, which absolutely could happen
lou1uol - 1 upvotes - source
You mean GME diamond hands?
There was a lot of talk around COIN too.
DifferentBasis6260 - 1 upvotes - source
The coin casino is open 24 hours 7 days a week
SPY is in the center of attention on Reddit as well:
Valkanaa - 1 upvotes - source
That's not true either. Yes it's fashionable to have lost money this year but there ought to be some middle ground between YOLO 0 day puts on SPY/GME and dollar cost averaging long positions on S&P 500 mutual funds. Neither position is correct. There is blood in the water and deals to be had on individual securities. There might be better deals on Monday or there might be worse ones but tons of stocks are around 52 week lows and you should probably buy into that unless you think things will get *much* worse, which absolutely could happen
Let's go to the video tape! GME:
joemama117a - 1 upvotes - source
I fail to understand why huge amount of people are so negative about GME and actually want the company to go bankrupt and all it's share holders lose their investment. If you want something like amazon to take complete monopoly over video game retails market with absolutely no competition what so ever, be my guest. We NEED companies to compete eachother. And besides, GME does not have huge debt like popcorn, and it is making OKAY enough money to pay all their enployees on time. Maybe it's naked shorted, maybe not. But in the end, it's an OKAY company now and it is not going anywhere anytime soon.
DifferentBasis6260 - 1 upvotes - source
The bottom is 300, and the earnings will be bad 7/20 but this has a cult following I mean they shot gme up on absolutely abysmal earnings
Valkanaa - 1 upvotes - source
That's not true either. Yes it's fashionable to have lost money this year but there ought to be some middle ground between YOLO 0 day puts on SPY/GME and dollar cost averaging long positions on S&P 500 mutual funds. Neither position is correct. There is blood in the water and deals to be had on individual securities. There might be better deals on Monday or there might be worse ones but tons of stocks are around 52 week lows and you should probably buy into that unless you think things will get *much* worse, which absolutely could happen
lou1uol - 1 upvotes - source
You mean GME diamond hands?
There was a lot of talk around COIN too.
DifferentBasis6260 - 1 upvotes - source
The coin casino is open 24 hours 7 days a week
SPY is in the center of attention on Reddit as well:
Valkanaa - 1 upvotes - source
That's not true either. Yes it's fashionable to have lost money this year but there ought to be some middle ground between YOLO 0 day puts on SPY/GME and dollar cost averaging long positions on S&P 500 mutual funds. Neither position is correct. There is blood in the water and deals to be had on individual securities. There might be better deals on Monday or there might be worse ones but tons of stocks are around 52 week lows and you should probably buy into that unless you think things will get *much* worse, which absolutely could happen
Recommended Articles
