Stock of the Day
Stock of the Day
Out of context: Reply #264
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Waiting for the movie coming up after all this!
Hope they use Christian Bale again as 'Michael Burry' as the real Burry has/had a position in this GME mess lol
Until then...
- "the big squeeze"?sarahfailin
- In August of 2019, when GameStop shares were below $4 a share, Burry disclosed a 3% stake in the company.jonny_quest_lives
- Burry thought shares were undervalued, pointing to GameStop’s balance sheet and predicting that the next generation of videogame consoles,jonny_quest_lives
- due out in late 2020, would still include disc drives, extending GameStop’s relevance.jonny_quest_lives
- So he was not exactly shorting the stock..,If anything he's reaping a benefit from the meteoric rise which he calls "Unnatural, Insane, and Dangerous"jonny_quest_lives
- @jonny yup, I didn't say he shorted the stock. But find it amazing this guy is AGAIN in the middle of it all!********
- unless he was long shorting... even then i see no reason why he wouldn't be ahead on GMEjonny_quest_lives
- Guess he was caught by surprise with all this WSB game. 3% is a huge position, he was def cooking something lol********
- @sarahfaillin yup, that is a very good name, copyright that quick!********
- @grafician looking back $4 a share is genius especially with next gen consoles on the horizon and every game company exceeded earnings due to covid...jonny_quest_lives
- with or without Reddit one could see it moving to $20-30 dollar range with "market forces" or Wal-Mart Best Buy acquisition?jonny_quest_lives
- what do I know tho? the only adventure in my portfolio is occasionally checking on FTECjonny_quest_lives
- Indeed, I would've put the range of the stock into the $35 even, guess Burry thought the same, until all this crazy WSB action took place********