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I'd like to know whether these retail investors see Gamestop as artwork or as speculation/investment. Artwork - they buy it not because of any intrinsic value
by hntrader 6y ago
I'd like to know whether these retail investors see Gamestop as artwork or as speculation/investment.
Artwork - they buy it not because of any intrinsic value or expectation of a dividend/capital gain, but because of reasons pertaining to subjective utility - childhood nostalgia, a desire to get symbolic revenge at hedge funds, entertainment value, or a desire to access gambling services in a country where online gambling is restricted.
Investment - expecting to make a profit through greater fool hypothesis, a short squeeze, or because they believe in the company (e.g positive reflexivity of stock price and exposure leading to more funding and business, respectively).
Arguably it's a combination of both, and I'd say it's a fairly new phenomenon in financial markets (not so much other markets), perhaps TSLA being another good example.
- supercanuck 6y agoit started with this.. https://www.youtube.com/watch?v=JWdWCtLMoU0 https://www.youtube.com/watch?v=JWdWCtLMoU0
- JanSt 6y agoFor those downvoting: that‘s u/DeepFuckingValue. He got laughed off by WSB for a year and is now making millions every day. Turned 50k to 48 million as of today.
- Macha 6y agoIf he sells prior to to the fall, that is
- jordanthoms 6y agoHe already cashed out $14M today, so that's a 280x locked in.
- bitwalker 6y agoThey already cashed out $13MM, and the remaining stock were bought at like $14/share. Even if it crashes, they still called this thing like a year out and got rich off of it.
- FabHK 6y agoThey "called this thing like a year out" in the same way a lottery winner that's been playing the same numbers for a decade "called it".
- monadic3 6y agoAnother lucky gambler obsessed with money. Why do you bring this up?
- mhh__ 6y agoThe movie rights alone are probably worth several hundred thousand already
- davedx 6y agoFor me it was an opportunistic trade. I support wall street bets though!
- TeMPOraL 6y agoObserving from the sidelines, I think by this point it's option #3: doing it for teh lulz.
- deleted 6y ago[deleted]
- WhompingWindows 6y agoThey could leverage their brand and hype to pivot into new business, supposedly. Maybe it's another WeWork situation where they have a lot of retail and claim to be tech but never make the switch into true tech.