There’s always so many imaginary enemies
$GameStop (GME.US)$ The hedgies, the shorties, FTDs, naked shorting, Kenny, the ladder attack, the general market falling too, blablabla…
But never because the business itself isn’t viable or that RC diluted the crap out of everyone (cause he doesn’t think the company is worth this much)
Keep finding reasons to delude yourself. The smart ones already left.
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(HD) : so wats ur best stock pick?
Deep Value Kitty OP (HD) : Stay back, wait for the next opportunity to pounce on. No more HODLing bs
103527567 : why are you so adamant that dilutions are a bad thing? Can you explain further so I can understand?
Deep Value Kitty OP 103527567 : It’s basic supply and demand. You have more shares of the same company so any existing shares you hold are worth less. The money it raised doesn’t go to your pocket, you just own less of the dying company now. It’s cheaper to buy T-bills yourself directly than praying for RK to tweet next here or RC to announce some 69D chess game.
But go ahead, buy more.
103527567 Deep Value Kitty OP : true it does indirectly affect the demand but won't it also raise capital for the company without incurring debt? Would that dilution mean it's going to be used for growth. (Note that I'm not too bullish or bearish on GME and just want to learn more for future decisions)
74754703 103527567 : Sell gme and move to nvidia
103527567 74754703 : what if I'm already in both
Deep Value Kitty OP 103527567 : If “raising capital without incurring debt” comes at the cost of diluting existing shareholders, then this company doesn’t respect its shareholders. On top of that, forward guidance from the company is crucial, even without dilution. If someone ask you for money, you will surely ask why. But why are we pretending RC has some secret plans when all he does was closing shops. The revenue dropping is another sign of a dying retail (note that retail doesn’t necessarily mean bad, it’s just GME in particular).
I’m a fan of RK, but I left with a huge loss cause RC’s actions have been detrimental to the shareholders. Now just watching how things unfold without getting involved (not shorting) but I hope no one will fall for the same bs like the imaginary enemies. No one truly knows what RC is after but he’s definitely not a fan of MOASS, and he hasn’t shown any capability of revamping the business.
74754703 103527567 : Move out of gme, it’s dead, goes up, dilution, goes down it just goes down, will be a 10-20 stock for years to come
Deep Value Kitty OP 74754703 : GME had all the chance to squeeze in June but the CEO they worship so much killed every momentum we built up. Now it will die a slow and painful death to what it’s worth at book value around 10+ (plus a bit of support from the dumber apes)
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