Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
this marks the pivotal moment when gamers figure out the way to beat greedy short hedge fund using the power of crowdfunding, remind me of another bubble time
CNBC interviewed Chamath Palihapitiya who bought 50 GME calls and claimed he would donate the initial position and any gains on it to the Barstool Small Business fund.
He claimed hedge funds were wrong about GME just like they have been wrong about Tesla and that hedge funds don't get to just change the rules because they were wrong.
I think there is an argument for the gamestop valuation here. Think NFL. Gamestop could be in the early stages of being the NFL of esports. Not just a team but the entire league. Demographics are ideal, ability to expand is virtually infinite. Subscriptions, low overhead, platform neutral. Retail real estate very cheap to facilitate live performance (AMC?). Crazy right?? I think the market cap is 25bln- what is the NFL worth?
I think my question still stands, even though I made a joke on it: Is this possible to do on ES? Afaik, the whales will wipe out small fishes in one shot!
Another thought is I can't imagine this is terrific for Gamestop management. I mean if they ever need to raise capital they will need wall street - will this sour their relationship? Would it be smart for gamestop to issue a secondary offering here? Seems like they could potentially raise billions quite easily. I know nothing about that process though so anyone with insight please share.
