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EuroHorn

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Everything posted by EuroHorn

  1. Scoop there it is
  2. We take some low percentage shots
  3. Need to start working inside
  4. Maybe the crowd noise is bothering them
  5. Crowd is going to rocking the place!
  6. OU @ Tech should be good.
  7. So refreshing to see the Cloak Room debating policies. Lots of great threads critically discussing the current administration..
  8. If you need it in a year then the safest would be to get the highest yielding CD. I think they are yielding about .7%. It’s not much but there aren’t a whole lot of options right now without taking on more risk. https://www.bankrate.com/banking/cds/cd-rates/
  9. What’s funny in the video I posted which made in July, GME was trading at $4 a share. He expected it to double or maybe triple in price. He also mentions around the 49 minute mark that it would be great if they could do a short squeeze. Lol.
  10. Here are the top mutual funds and brokers that hold GME https://news.gamestop.com/stock-information/institutional-ownership
  11. Apparently this is the guy on WSB who is up over $30m. He posted this back in July. Apparently he’s been bullish on GME for quite a while
  12. Willing to bet some hedge funds lost a lot. And others made a lot with the Reddit crowd
  13. No I actually think it’s funny what Reddit did. But the short selling was not going to force GameStop into bankruptcy.
  14. Oh I didn’t know the hedge funds broke the law. Which one did they break?
  15. You could order one out. It cost me $25 after i rode the stock almost all the way down. I figured I might as well get a souvenir
  16. Well good luck.
  17. Well I have one share stock certificate of Enron I can sell you (I actually do). It’s worth millions !
  18. What the underlying shares are trading for doesn’t trump the underlying financial fundamentals. The shares are trading high because people are buying for no other reason than to fuck the short sellers. GMEs TTM Ebitda was -590m. Even if they paid off all of their debt it doesn’t move the needle on EBITDA.
  19. What were they going to change fundamentally with the $75 million. Selling games online? Their current business model will be nonexistent unless they reinvent themselves
  20. Yea and the massive short positions were there because there’s a very very high probability that GME was heading to bankruptcy. This wasn’t taking a viable company like Microsoft and having massive short selling put them out of business. Had Reddit not got involved we would be discussing a company going bankrupt due to a dinosaur business model. Regardless of the short selling. Unless GameStop some how managed to reinvent themselves. But they probably still file to reorganize
  21. Again, that wasn’t about the shorting. It was about their products. People short stocks everyday. It’s not going to send a company into bankruptcy. And people going long and raising the stock price is not going to keep GME in business. They need to make profits by selling products or services.
  22. the market provides access to capital if it is a going concern. Who’s going to buy a company that’s the blockbuster of video games? The stock will eventually go to zero and bondholders may get something out it.
  23. Stock on the balance sheet is recorded at book value after the IPO. Equity is Assets minus Liabilities. GMEs balance sheet has not changed due to all the trading that has happened.
  24. How would selling short on the secondary market force GME into bankruptcy? The underlying financials and balance sheet for GME is what was forcing them into bankruptcy. The short sell was a bet on the inevitable. Although I would agree that being allowed to go over 100% doesn’t make sense. When this is all over GME will most likely go into bankruptcy unless they change their business model pretty quickly
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