It's so strange to me that people will FOMO in at $350 but won't risk buying at $50-60

Warren Buffet also said to buy stocks of companies you love and to love the fundamentals of the company. Pretty sure anyone who has shopped at a GameStop didn't love getting hocked on the price for their trade ins. In fact, I've seen quite a lot of people expressing how they want to make money off GameStop because they were getting ripped off all those years. Not 100%, but pretty sure Buffet doesn't invest based off of childhood spite. Further, the fundamentals of a pawn shop that specializes in one asset class (video games) doesn't leave much to be desired in the way of fundamental function, nor does the fact that they went from profitable to non-profitable and debt laden.

What will Ryan Cohen do in his turnaround? That has yet to be seen and we haven't even really heard much, mostly rumors and speculation of the direction. Even then, it's extremely unlikely the true intrinsic value will be anywhere near even current prices for at least another couple of years.

But if you like it, hold it, just quit spamming and trying to get people on the ship with you so they can help carry the weight of your bags.

/r/wallstreetbets Thread