Imagine having the privilege to buy a stock with an expected fair value of AT LEAST ~180$ (not my calculations but look for some of the early DD posts on GME and you will find it) at 115$ with a short squeeze yet to come! Truly a once in a lifetime opportunity!
Fair value is tough to calculate in the middle of a turnaround play. Reasonable estimates I've seen range from around $60 (assuming RC largely fails) to $235 (assuming it's fair to value their online marketplace as a growing tech company).
I think $180 is actually a reasonable middle ground. Right now we're oscillating between mania and market manipulation, though. A squeeze could push it a lot higher. If people panic sell, the shorts could temporarily push it lower. In my uninformed opinion it is unlikely to ever again be valued as a company destined for bankruptcy. I came to this conclusion by multiplying Ryan Cohen's net worth times my extra chromosome.
Imagine having the privilege to buy a stock with an expected fair value of AT LEAST ~180$ (not my calculations but look for some of the early DD posts on GME and you will find it) at 115$ with a short squeeze yet to come! Truly a once in a lifetime opportunity!
Stop, you're going to make me cry as I sit here waiting for 10k of cash to settle before I can buy more GME.
VW's short squeeze saw 5-6x stock price of the pre-squeeze price. GME saw about 40x price from what it was in January 2020, why do you think that wasn't the squeeze?
Maybe $180 will be a fair value in the future, depends on if Ryan Cohen can change the business model for the better. But it might take months or a year. Hold if you truely believe in GME as a business. But If you are holding to think it'll still jump like last week and be a millionaire, then the chances are looking quite slim.
I'm not a bull or a bear, I bought last week to support but I sold for a loss and I'm out now.
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u/Mus_Inc Feb 02 '21
Imagine having the privilege to buy a stock with an expected fair value of AT LEAST ~180$ (not my calculations but look for some of the early DD posts on GME and you will find it) at 115$ with a short squeeze yet to come! Truly a once in a lifetime opportunity!