Not all problems are opportunities. Sometimes it's more of a situation where you should simply stay away. If some guy on the street is running a crooked shell game, knowing it's crooked doesn't mean that you now have an edge to make money. Look at Madoff, some people could see that something was up a decade before it crashed, they would have lost their shirt if they had gone short. Even if you know something is being manipulated,that doesn't mean you know which way it's going next.
We are a bit over half way of the race, so let's see how our teams have been doing? Start: GME 22 BTC 60K Highest up to date: GME 34 (54%) BTC 106K (76%) Both teams were very good choices but BTC over performed with a little presidential help. No biggie, I trust Roaring Kitty and the GME board. Speaking of the board, what was the news today? Oh yeah, they are going to buy crypto! This caused a 15% jump so far. If they actually do, the 2 teams may go in tandem for the rest of the race. https://finance.yahoo.com/news/game...-confirms-plans-to-buy-bitcoin-204454374.html Current price: GME 29 (32%) BTC 88K (46%) There was also earnings, but we don't care about that...
GME buying BTC will improve the company's performance in the same way a racing stripe on a Lamborghini Retardo adds about tree fido horsepower. Absolutely brilliant !! Long BTC Long GME No Retardo
GME used to go up massively, then down massively, then up and down ... Lately GME is forming a close wedge formation. It is suffering from old age problem and unable to move much. RIP GME!
Well, OP, you have 4 moths to make good. There is a 100% chance you are going to fail. How will you atone for this stupid thread?
I already posted about this yesterday in the BTC thread (GME acquiring BTC). But what does buying BTC got to do with their bottomline? Their core operation, namely selling games to consumers, is practically on lifeline. Now they plan to make up for that lackluster business with whatever they hope to gain from BTC? They mismanaged their business, and yet you think it's possible that they can run a profitable investment?!
It’s laughable, why not buy Bitcoin and eliminate the middle man? Aug 30th 2024 GME $23.49 vs Bitcoin $58,900
The timing is bad (for me), ... lost a lot of unrealized profits and risk capital I'm fully allocated to mstr, outside of tax funds, but.... I think if GME starts aggressively buying bitcoin soon, issuing debts, selling shares and whatnot, GME will be $100-$200/share or even higher in the next 12 months Hopefully GME leaps calls or shares are not too expensive when bitcoin is back to $100k and I'm able to re-allocate some risk capital >$100B market cap