Poll of the Day > Gamestop Investors are DEVASTATED as Stock PLUNGES after MSFT Buys ACTIVISION!!!

(+) Yeah! (+)

Small time reddit traders who went on the MEME stock train on Gamestop and AMC were devastated this week after a round of bad news that sent their stocks plunging to low levels and there may not be a way to turn it back around when stocks were as high as $450 a share and is now below $100!!

On the WallStreetsBets forum that was the centre of the Gamestop Saga saw bearish sentiment take hold ahead of the Federal Reserve policy meeting this week with interest rates set to rise with riskier assets with long-deferred payouts have lost their luster in a brutal sell off

Similarly, Bitcoin also plunged nearly half that went along with the huge sell off on Wall Street

One user who invested in Gamestop said "I'm down so much money, i'm just gonna get high about it. sad is sad"

The news of Microsoft acquiring one of the biggest gaming publishers, Activision also sent the stock nose diving as Microsoft intends to turn all of its games into a Netflix style subscription service and could take away Sony systems where Call of Duty has been a big seller on the physical disc market..

Other users including a 20 y/o showed screenshots of how he invested 5000 which peaked at 90,000 and is now only worth just 230 losing nearly everything he initially invested but said he stayed in hoping the stock will rise from the ashes.

The value of heavily shorted stocks soared last year when an army of reddit investors pumped a lot of money into these dying stocks to kill short sellers and now a year later they are feeling the wrath of the shorts as Gamestop could be on its last dying breath should the acquisition go through with physical gaming media going closer to defunct

Do you think Gamestop is toast?

https://i.imgur.com/wu0fDdP.jpg
https://i.imgur.com/dWa0PT0.jpg
https://i.imgur.com/YuCmCcr.jpg
https://i.imgur.com/zBPTJ1r.jpg
https://i.imgur.com/4B05Y6Z.jpg
https://i.imgur.com/sXHnfU0.jpg
https://i.imgur.com/MNmrpEu.jpg
https://i.imgur.com/bmcL9oA.jpg

There were 2 types of investors from the reddit crowd - the ones that sold early on and the ones who never planned on selling

JixHedgehog posted...

There were 2 types of investors from the reddit crowd - the ones that sold early on and the ones who never planned on selling

RIP the latter.

I just have to laugh at people who thought Gamestop was a long-term investment. Like, sure, you got the stock to go up 300+% in a few days. But there was no way you could expect it to sustain that kind of growth. That is not how stocks like that work.

It should have been sold off a few weeks after you bought it and got your money.

Gamestop and AMC were always dying. Their market is going away.
Which is a shame for the former. I like having Gamestop for a physical store that's dedicated to games. If they were replaced by the smaller chains they gobbled up then fine, but we know that's not going to happen.

That being said...

mrduckbear posted...

On the WallStreetsBets forum that was the centre of the Gamestop Saga saw bearish sentiment take hold ahead of the Federal Reserve policy meeting this week with interest rates set to rise with riskier assets with long-deferred payouts have lost their luster in a brutal sell off

This is a bunch of bull shit.

EVERY FUCKING TIME the Fed has a meeting to discuss finally raising interest rates, the stock market conveniently takes a dip, a bunch of rich people fake-cry about it, and the Fed decides "the market is too unstable to shift our monetary policy at this time"

It's gone on like clockwork multiple times a year for nearly a decade now.
It's such a fucking crock of shit!
The Fed will never raise interest rates back to pre-2008 levels or even close to them ever again, because that would help regular people and hurt Wall Street. And the Federal Reserve exists to assist the latter and stomp the shit out of the former.

"Oh noes, the market is down and the Fed's gonna raise interest rates tomorrow!" Yeah, if only... Sure hasn't gotten old, hearing that.

Microsoft is not going to make the games exclusive for fucks sake. Why are gamers such paranoid morons?

If anything the stock is finally back down to a fair (and accurate) market rate, might even still be overinflated. The stock price was artificially inflated as part of a stand against private equity, but the firm that owned Robin Hood pulled the rug out from under them (and will face no consequences whatsoever for doing so) killing the plot before it could actually do any real damage.

JixHedgehog posted...

There were 2 types of investors from the reddit crowd - the ones that sold early on and the ones who never planned on selling

Because the ones who understood to sell told the ones they sold to to diamond hands and hodl, and because those people had no idea what they were doing, they actually thought thats what they were supposed to do.

If you are still holding a year later, that's on you.

Revelation34 posted...

Microsoft is not going to make the games exclusive for fucks sake. Why are gamers such paranoid morons?

They are, however, likely to expand GamePass' offerings with the new IP's they're acquiring, which makes purchasing those games at Gamestop less enticing and also means there will be fewer used copies being sold back to them (the bulk of their revenue).

adjl posted...

They are, however, likely to expand GamePass' offerings with the new IP's they're acquiring, which makes purchasing those games at Gamestop less enticing and also means there will be fewer used copies being sold back to them (the bulk of their revenue).

Who cares about GameStop? Let them go out of business.

mrduckbear posted...

Do you think Gamestop is toast?

They have sucked for years. It took a year after release to get my pre-order of Resident Evil 3.

I had some AMC I bought at like 7 bucks. I sold it early on when it rose and made $350...the max I could have made was 8,000. I wish I'd have saved, but even more than keeping it to make more than the paltry $350 I did make, I hope I'd have had the sense to sell when it was around (iirc) 50 bucks. If you aren't in this for personal wealth, I feel like you're an idiot. I don't care about billionaire hedgefund guys who have never thought about me before...what does it make somebody when their fortunes come and go(sometimes more than once) but they hold because some rich asshole may be hurt a little by it?

argonautweakend posted...

I had some AMC I bought at like 7 bucks. I sold it early on when it rose and made $350...the max I could have made was 8,000. I wish I'd have saved, but even more than keeping it to make more than the paltry $350 I did make, I hope I'd have had the sense to sell when it was around (iirc) 50 bucks. If you aren't in this for personal wealth, I feel like you're an idiot. I don't care about billionaire hedgefund guys who have never thought about me before...what does it make somebody when their fortunes come and go(sometimes more than once) but they hold because some rich asshole may be hurt a little by it?

Early on when it royally fucked over the large investment firms that had massively shorted the stocks and ate gigantic losses for it*, the whole thing was hilarious. Once that happened and they saw what was going on and adjusted accordingly, holding after that just became silly and pointless.
It was very satisfying to see those leeches hiss and burn, though.

* Shorting explained briefly: they effectively "buy" stock (more like take a loan on it) expecting it to go down later such that they sell it by a pre-arranged deadline and if it hasn't gone down or in fact has gone up, they lose bigly

Going to vote yes because I haven't seen a GameStop in near 20 years now. They are out of business already around here.
Still a few ebgames though. But they hate you if you mention PC gaming.

SinisterSlay posted...

Still a few ebgames though.

Yeah, corporate wants to go through the trouble of rebranding all those as Gamestop, despite the years long push to maintain the brand.

mrduckbear posted...

Do you think Gamestop is toast?

Doubtful. They've aggressively over-expanded, but the core business is sound. If they scaled back, it'd be workable.

KodyKeir posted...

Yeah, corporate wants to go through the trouble of rebranding all those as Gamestop, despite the years long push to maintain the brand.

Really? What a waste of time. The gamestop brand has no recognition here.

SinisterSlay posted...

The gamestop brand has no recognition here.

It's like they want to kill it.

The_Viscount posted...

Doubtful. They've aggressively over-expanded, but the core business is sound. If they scaled back, it'd be workable.

The core business doesn't even exist. There hasn't been a true physical release since like 2011