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Right now, money isn't getting transferred from people who are good at valuation to people who're clueless. I'd say it's quite the opposite.
by phoe-krk 6y ago
Right now, money isn't getting transferred from people who are good at valuation to people who're clueless. I'd say it's quite the opposite.
- johnhartigun 6y agoWell any reasonable GameStop valuation is at least an order of magnitude below current market price.
- fileeditview 6y agoThe value currently is not in GameStop itself but in the need for the short sellers to buy back the shares. So there is value in buying & holding. How much is still open.. The situation is pretty bonkers but I hope in the end that the hedge funds have learned a lesson.
- phoe-krk 6y agoThe whole affair isn't, and wasn't, about GameStop's valuation, or even about Gamestop as a company whatsoever. It's about stock market mechanics and the ability to leverage them to make a profit.