InvestorsHub Logo
icon url

janice shell

02/04/21 12:13 PM

#4603 RE: I-Glow #4598

Treasury Secretary Janet Yellen is meeting with the SEC and other regulators today, probably as we speak:

"Secretary Yellen believes the integrity of markets is important and has asked for a discussion of recent volatility in financial markets and whether recent activities are consistent with investor protection and fair and efficient markets," Treasury Department spokesperson Alexandra LaMann told FOX Business on Wednesday.

https://www.foxbusiness.com/economy/treasury-secretary-janet-yellen-gamestop-volatility-top-regulator-meeting

There will no doubt be more news about the meeting when it's over.
icon url

CarloRoberts

02/04/21 1:26 PM

#4627 RE: I-Glow #4598

Yep. Yesterday my local Gamestop store was closed.
The employee I spoke to through the glass had no
idea what was going on.
Today I drove bye and plywood covered the store.
Oh well. Sad, sad.
icon url

Snizzle

02/04/21 11:07 PM

#4779 RE: I-Glow #4598

Can we at least be accurate or even reasonable in our comments regarding GME KNOWN business results? Clearly there is a (good) reason for closing brick and mortar-


“E-Commerce sales, which are included in comparable store sales, rose 309% and represented approximately 34% of total company sales, with total worldwide E-Commerce sales year to date reaching over $1.35 billion, far exceeding the Company’s $1.0 billion growth objective”


No need at this point to attempt to embellish reality for GME.

icon url

MoneyMaker111

02/05/21 8:17 AM

#4806 RE: I-Glow #4598

The Marketing Behind Gamestop, The Return of Brick-and-Mortar, and How Gamestop Will Now Forever Be a Household Name


From a long term investment standpoint, I have reason to believe that the free global advertising Gamestop got from the stock runup is on the order of $5B. The free news could single-handedly make Gamestop a household name for decades to come, and therefore, the stock could be worth $50B market cap, still only a small fraction of Tesla and Co. Not $4B! And couldn't a behemoth such as Tesla take it over, considering they are looking for a gaming entertainment arm anyway to entertain passengers within their self-driving vehicles?

Also, many young investors never sold. There is a true belief that Gamestop should continue to exist in malls. There is merit to brick-and-mortar, and when combined with internet sales and virtual reality coming, I don't see how Gamestock is not a value investment for the next decade.

Additionally, this stock from a technical standpoint, because of the brokerage curbs on buying (in which Robinhood now just removed those curbs), was never able to undergo positive fibonacci retracements that would have stalled or mitigated its downtrend. Robinhood manufactured a selloff, and it made a linear drop possible. I've never seen this.
Technical indicators suggest that a natural retracement back up is not only needed, but it is likely.

These brokerage platforms did crash the stock, the short interest has now fallen, and now I see 8.5 Million + followers on that WSB reddit platform versus the 500k that were there when this started.

I believe that these ideas show that investing has changed, and so has the definition of value.

Brick and Mortar has value. Amazon knows this. Gamestop - a staple of malls that kids, teens, and adults have come to love - is not going away. This is because after the pandemic ends, there will be a resurgence of consumers back to malls in droves. People miss it. These tangibles are forgotten in the immediacy of equity investments, short squeezes, and the like. People tend to forget what people like to do on friday nights.

Additionally, virtual reality is on the rise. Gamestop will likely be where people normally go to shop for these games.

So, from a long term investment standpoint, this company may essentially be undervalued.

Why therefore, has it become so psychologically tarnished by the users of Reddit on other forums? Why, therefore, do people not realize the intrinsic value of this entity?

Leadership: And also there's Gamestop's online and streaming division. They have hired one of Amazon's best as the CTO. This implies a pivot to technology - a pivot to live streaming possibly. And the verification that the current leadership knows what it's doing.

How can Gamestop continue their marketing message from here?

$GME
#GME