GME is likely to drop below $10 before 2024 - eviltoast

The price drop is because of market manipulation and the current price doesn’t represent fundamentals. We all know GME is worth more.

But the price has been gradually decreasing ever since the January 2021 sneeze and this thread over at SS suggests the line reaches 0 around 1/1/2024.

https://www.reddit.com/r/Superstonk/comments/179hajz/wild_the_current_regression_fit_from_june_14th_of/

I don’t think it will actually hit 0 but I know I’m going to be buying more in November and December.

Point is don’t let this rattle you. I bought my first share at $448.30 so why wouldn’t I buy more at $1?

The finish line isn’t out of reach any more. We’re going to lock the float, and we’re going to do it fast. Buckle your seatbelts.

  • MozooZ@lemmy.whynotdrs.orgEnglish
    1·
    1 year ago

    You’re ignoring numerous comments. One would be reasonable in thinking you’re not intellectually honest.

    I replied to you before:

    There are more directly registered shares of Gamestop (GME) than any other company in the entire history of the stock market - more than Amazon, Apple, and Microsoft combined.

    That equates to more than $2 Billion / ~1/3 of the company safely locked away in investors’ own names, out of brokerage, market-maker, & hedge fund collaboration, safe from potential brokerage bankruptcy, while disrupting off-exchange & dark pool abuse, mitigating Failure-to-Deliver abuse, and other similar confidence tricks, deception, derivative-based backstabbing, and basic short selling.

    As such, it’s created a once-in-market-history dynamic around the phantom-counterfeit-shares-hedge-fund-abuse-household-investor ecosystem.

    We’re talking about a company that is cash flow positive (Free Cash Flow; FCF), no long term debt, ~$1B in cash/treasuries and another ~$1B inventory, moving into the “digital property rights” space, which has been missing from the internet since it was invented – all lead by a team assembled via a 30-something billionaire entrepreneur who took Amazon to the cleaners with Chewy. A company trading at less than 2X assets alone, while currently undervalued by Morningstar where insiders are buying far, far, far more than selling.

    • mindbleach@sh.itjust.worksEnglish
      01·
      1 year ago

      I’m replying to your scattershot comments where you left them. If you want it all in one place, put them all in one place.

      • MozooZ@lemmy.whynotdrs.orgEnglish
        1·
        1 year ago

        There are multiple reasons listed above as to why the company is not dying or dead - two statements you’ve made as matter of fact. You’re - simply - 100% wrong on both accounts. “Literally”, as the kids say… no figuratively… dead fucking wrong, dude. Dead. Wrong.