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GME tumbled after uneventful annual meeting: Is the hype fading?
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$GameStop (GME.US)$ Gill increased his equity position, bringing that from 5 million shares of GameStop to 9,001,000 shares, as of June 13. His average price paid was about $23.41 per share
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  • TheGerries : I did share this magic figure $23.41. He won’t allow it to slip below this.

  • TheGerries : He will do a YouTube session soon.

  • 10baggerbamm TheGerries : saying that he won't allow it he has no control I don't think you understand doesn't work that way once you own a stock you don't control the price movement you realize that right

  • 10baggerbamm TheGerries : even if he does a YouTube session he's losing his pull because he exercised his options and everybody was pounding their chest oh gamma gamma gamma gamma and guess what nothing so the spikes are getting less not to say it won't go to 32 33 34 it could do that but what needs to happen is Ryan Cohen needs to get off his ass and surprise the world with what he's buying with the money not saying he's going to shut down stores that are not profitable and add a few items to sell because if that's the valuation model the stock's going to go back down to $10 because it's a fucking egregiously overvalued company as it sits. the whole premise from roaring Kitty is a company's going to evolve they're going to change they're going to become something... and becoming a smaller series of stores by shutting down the less profitable ones is a huge disappointment if that's what he's going to do as his biggest project for the company

  • J Bradley 10baggerbamm : If you had 3billion in cash reserves, you’d be careful. Ryan Cohen beat Amazon with Chewy.

  • 10baggerbamm J Bradley : last time I checked Amazon stock is trading at near an all-time high either AWS service as revenues that are greater than their retail business so exactly what is chewy doing and what has Ryan done since taking over the helms of GameStop he hadn't done shit he's done nothing so much for action. he was on the board since what 2021 and then he got appointed back in June of last year as president and now he's CEO September so since he's been basically running the company since June of last year what is he done he's done nothing he hasn't turned the company around he hasn't put into place any plan of attack so a year has gone by where he is at the helm and he's done nothing oh wait he's dilute the fuck out of every shareholder twice now.

  • JC88 10baggerbamm : Maybe you should apply as their new ceo. I’m sure with your leadership with the 3B you will turn this around as the next nvidia in the next 3 years 😂

  • 10baggerbamm JC88 : so you can make a fucking stupid comment like that but I just look at actions so since June of last year to June of this year what has he done? and the answer is he has only diluted shareholders. roaring Kitty is the one that pushed the stock higher the CEO Ryan didn't do shit he wouldn't even take questions on the annual conference call did you not listen to it it was a huge letdown he read a scripted statement like Biden reads.  A scripted statement that's written by attorneys for attorneys that exonerates the company and himself. by the way if you think retail business is the future you're living in the Stone age because people are not going to stores so if you want to compare GameStop's nearest competitor it's Best buy and look at the valuation of Best buy and look at the profitability of Best buy as a company per store per employee but that's probably asking for you dude do too much actual work and understanding how to value a company. the whole premise of roaring Kitty was the company's going to transition what's it going to turn into they're going to evolve well you have 12 months of a CEO doing shit it's not even like he's saying we're looking into alternative revenue sources

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