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this post was submitted on 01 Jul 2024
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Just because a few people got lucky...? My dude, instead of parroting media talking points do the reading so you know what's actually keeping folks holding the stock.
What media? What talking points? I was there when it went down, I bought the stock, my opinion is my own. They hold the stock due to a sunk cost fallacy. There's bound to be a little bit more nuance for some people but in my opinion it is a waste of time.
Talking points: That bunch of retail traders made a bad choice and ego won't allow them to bail out. That it was 'luck' for a few people a few years ago.
It may have been a bad choice for you and that's why I wonder why you posted what you did instead of your own opinion baked through your own experience. More powerful words generally come from personal experience.
I'm not here arguing with you about the stock, it being a good/bad investment isn't what I'm on about. I guess I'm more hung up on why you said what you did.
Like, what was it that compelled you to post such a banal response to this post? It's so sad that people are holding stock in a company with a ton of cash, a motivated and aligned management team, and very little debt?
Sounds like you're painting a brush and saying that any person holding Gamestop makes you sad. It's a pretty broad assertion that, honestly, feels like it has a story behind it.
Not really agreeing or disagreeing with any of this, but I feel compelled to say I was interested in GME this time around based on what Mr. Gill stated about them now having a pile of cash on hand. Sounds like a good place to be with some potential. So I figured that was the case last time too right? I didn't really follow GME the last time this stuff went down. Makes sense they would have ended up sitting on a pile of cash then. Went back and saw how they ended up using THAT cash and waaasss not impressed. To each their own but I think that two billion is going in the toilet.