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DFV himself said that GME might be worth $50 a share if, and only if, the Cohen turnaround eventually takes.
by valuearb 6y ago
DFV himself said that GME might be worth $50 a share if, and only if, the Cohen turnaround eventually takes.
- dehrmann 6y agoI wouldn't put too much faith in what he says. Seems like if you see something you think is worth $50 per share selling for $300 in a short squeeze scenario, you should sell. This morning, I read that he failed to realize more than $10M of paper gains. Ok, maybe you're in it for the long run, but it clearly wasn't worth $300. Cash out, buy back in a month when things settle down. Then again, he's been so public with this that if he were to sell and ghost WSB and Youtube, he might legitimately fear for his life for the next decade. Maybe there's something to be said for traders not telegraphing every trade.
- valuearb 6y agoYour theory makes sense. He was actually down something like $30M from his peak at end of day yesterday. He’s cashed out $13M and had like $10M left.