For the more experienced bros here, is WSB making any sense? wsb STILL bullish on GME. i don't know what to think. Looking at yahoo finance: cap is still only $2.5bn, $1.2bn debt, $7bn revenue and looks they will be profitable moving fwd. For a company modernization play, I thought WMT looks more attractive? Higher price to sales, but much better growth and profits. https://news.gamestop.com/static-files/ba37d1f0-c350-4dbb-b91a-4f58de46b95a
Can’t really go wrong with any of them right now tbh. If one hasn’t popped yet, it seems inevitable it will LOL.. crazy market. I didn’t get in last Thursday, was to damn busy with work and missed the entry. ADXS is one I’ll be watching going into Tuesday morning. Chart looks good for a potential 60-70% gain next week before going back to reality.
No. Oh wait... there was more? It's a bit of a manipulated stock, so looking at funny mentals may be risky. lol. I think GME was one of the most shorted stocks out there, and much of the rise is because of people piling into it (ex. WSB), and blowing shorts out. This is combined with all the followers watching it go up jumping in and sending it higher. Several highly-shorted stocks this year are bizarrely up. Remember Hertz said they were going to file for bankruptcy and people started buying it, sending the stock shooting up? I don't know what the thesis is for the company to turn things around, though. GME did have some "good" news recently that caused a short squeeze : https://www.barrons.com/articles/ga...rs-to-the-board-the-stock-shot-up-51610384385 But also : https://www.barrons.com/articles/gamestop-stock-soars-as-short-sellers-take-a-hit-51610572262
The way I'm thinking about it - i think largest single day drop last year was 12%. Instead of missing out now over a correction that may or may not come, just keep going with what works, and take the 12% hit when it comes. After that is actually the hard part - deciding whether to close positions or buy the dip. https://www.cnbc.com/2020/03/15/tra...r-fed-cuts-rates-launches-easing-program.html
Coincientally enough, we used to refer to that stock as JDS j*zz on your face. Yes, we were very mature 20 years ago.
We were all highly mature back then. I tried to tell my housemate to sell.....I tried and tried to tell him about the tech bust, he wouldn't listen. Then it happened. "POOF" goes his portfolio.
lol. During the dotcom bubble they used to say JDSU stood for "just don't sell us". The "glory" days of telecom and dotcom bubbles. I just tried to find some old purchases of that crap, but I guess I my history doesn't go back that far, or it was with my ancient Datek account. EDIT : here's a chart I could find :
Being a "consultant" between '97-00 was basically a license to print money. Had to upgrade all the financial software (one step down from SAP), Y2K compliance and such, every company was completely freaked out and they could not pay us enough.
Weird. For some reason I thought you were a cowboy or rancher. lol. Anyway, yes. And they were still trying to find COBOL programmers to help back in those days. COBOL never dies. I was happy to actually find a Y2K bug working for a major airline/airline subsidiary back in those days. Well, it was actually a leap year bug, but whatever. The dotcom/Y2K bubble was a scam in many ways. EDIT : BTW, my favorite stock of that "era" was SCF which became XLA ... from a penny stock to over $200 and I think it must've split I don't know how many times in one year. Check out that return : http://www.georgenichols.com/publishedwritings/xla/index.htm
