Really appreciate all your posts on GME. You present the realistic bearish argument without being condescending or outright labeling any Trucker Load It Like A Rail Car Drive It Like A Nascar T shirt bull as nonsense. Personally, I see this going up quickly short term to 200+, before steadily dropping again. I definitely wouldn’t call this the 3rd squeeze though, whenever that happens again. Could be in 2 weeks or 2 months, who knows. I’m definitely excited about this long-term. Even 2 years from now, I could see GME steadily trading in the 200’s as a floor, maybe higher, with Cohen and his board leading. 3 years from now, this could be even better than Chewy. I’d love nothing more than to see all the short-sellers trying to fuck over GME with $16 puts get burned from GME’s actual good fundamentals.
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I don’t believe we’ve even seen a squeeze yet and i believe the share Trucker Load It Like A Rail Car Drive It Like A Nascar T shirt is being suppressed through a systematic system of FTDs. Not going to go into much detail, but I do believe we have a few catalysts that are inevitably going to drive the price of the stock UP. I believe it’s inevitable that the current GameStop CEO is going to step down this month or leading up to the shareholder meeting this summer. George was appointed CEO April, 2019 and has sat through COVID through an almost bankrupt company with no innovative plays to transform the dying company into a successful one. With all of the board changes it’s inevitable that we will get an announcement soon. It’s a smart business move, GameStop is moving to e-commerce business model and Georges expertise is in brick and mortar. Brick & mortar leadership is simply not compatible with e-commerce. It’s inevitable because GameStop hasn’t done anything yet and the price has remained consistent. One legit news announcement and the CEO stepping down is going to be a great excuse to ?.