Things are looking quite interesting with Gamestop. Having talked quite extensively about the current situation with GAMESTOP, which you can read Part 1: The Great Reset, Part 2: Don't miss the action. and Part 3: Monday brings PAIN, I wanted to share some more information about GME.
Redditors keep buying GME.
Firstly I wanted to bring to your attention that the whole situation with the short squeeze and major hedge funds suffering high losses is not over, although it may seem like it. Currently many WallStreetBets reddit users keep posting about "Holding" and "Buying more shares" especially in GME and AMC. The reddit user /u/DeepFuckingValue has been publicly posting his shares and his profits in GME since before October of 2020.
Although this is only anecdotal evidence and we should check with real volume in shares being bought to actually make any rational claim about the future of GME I simply want to state a few key new headlines which affect the fundamentals of GME, which in the long term will determine if GME stays in the market or is blown to pieces. Since Fundamental Analysis is far superior to Technical Analysis in determining the value of a stock/commodity we should always inform ourselves about the value of a given asset before investing in it prematurely, especially given the amount of FOMO being pushed around these days with possible SHORT SQUEEZES.
GME shares drop to 90$ from a whooping 450$ last week.
One important new headline is the fact that in the Gamestop website we can see it has begun a process of rebranding;
Gamestop Corp., a Fortune 500 company headquartered in Grapevine, Texas, **is a digital-first omni-channel retailer**, offering games and entertainment products in its over 5,000 stores and comprehensive e-Commerce properties across 10 countries. GameStop, through its family of brands, offers the best selection of new and pre-owned video gaming consoles, accessories and video game titles, in both physical and digital formats.
Seems Gamestop is in the process of increasing its online presence, something which should be good news if it can healthily compete with its online game competitors.
GAMESTOP gets a new CTO!
The other key headline showing Gamestop is putting in work to rebrand its company is their new CTO, Matt Francis, who was a key figure in AmazonWebServices as an engineering Lead. Together this two headlines paint us a bright future for Gamestop and far from being over we should expect it to at least try and stay in the game for some months, and if everything goes well for the, we can expect a challenging but bright future for Gamestop.
I hope you are not missing on the action. Make sure to investigate as much as you can and get ready, the next months are a time of GREAT AWAKENING towards the serious evil which has been living behind the curtains.