GameStopUpdated $GME 2021-JAN-26
Let's be really clear about what this is. Whether intentional or not, this is a pump'n'dump.
This stock, in no way, deserves to be valued so high. Gamestop in the punchline on many a joke, and none are as bad as their own bottom line. If you caught the wave - good for you! - but like all waves this will eventually crash back to earth.
This stock, in no way, deserves to be valued so high. Gamestop in the punchline on many a joke, and none are as bad as their own bottom line. If you caught the wave - good for you! - but like all waves this will eventually crash back to earth.
Note
Annual Revenue: 6.5B
Market Value: 24.2B
MV/AR: 3.73x
If you have spare cash and want some meme cred, go for it. But this will end badly for a lot of people.
Note
There are retail investors who are 60% underwater today because of the irresponsible actions of meme lords.
Note
The audacity of people to say this wasn't a pump'n'dump.
And yes, RH did some shady stuff that needs to be investigated - but that is not justification for what is happening now. This is, and always was, going to play out like this. The only question now is that of intent...
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