New Article just dropped about GME.
Don't ask me to explain everything about GME. Go read one of the million DD.
Here are the bullet points.
- Huge Short Positions against GME, potential for Short Squeeze, shorts are over 100% of outstanding stock
- Large Institutional investors hold large chunks of stock - Burry, Cohen, hedge funds some are holding more than 5% each
- GME is not going bankrupt, they are paying off $125M in debt EARLY - http://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes
- Partnership with MS to sell Xbox and share revenue on digital sales
- New console cycle for Xbox and PS5
- There is a ton of DD go review some of it.
- This Guy - https://www.reddit.com/r/wallstreetbets/comments/jt3c45/gme_yolo_update_nov_12_2020/ is up well over a $1M starting with a cost basis of like $53k over a year ago.
Everyone thinks GME is swirling the drain but it isn't and is positioning for a transformation long term.
Go look up VW Short Squeeze - https://www.reuters.com/article/us-volkswagen/short-sellers-make-vw-the-worlds-priciest-firm-idUSTRE49R3I920081028 to get an idea of the potential magnitude.
Submitted November 16, 2020 at 07:24PM by neothedreamer https://ift.tt/3lEKqZc
