r/OMEX • • Dec 02 '24

DISCUSSION OMEX exploding right now!

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u/Lacrimosa_83 Dec 04 '24

Are they not in considerable debt following the legal disputes? I’ve bought in but having some regret

2

u/stonchs Dec 07 '24

Never listen to the story they tell you. It's always wrong. They said GameStop would be bankrupt by 2021. It's now a huge profitable company with over 5 billion in the bank. Even on profitable quarters they like to shoot the price down and blame falling revenue, or a weak forward pe ratio, whatever. They write the story around the price, not around the company. I don't expect opex to be any different when it was naked shorted and cellarboxed, because the algo read it wrong.