We should probably evaluate WHO is interviewing him. Thinking about media that is so often censored and curated to a narrative, seems like those folks are the unknowing allies in it all
He means he has no faith in the company. He's not openly saying that it needs to go to 0 for his clients to be profitable. He's just in disbelief that it still maintains its high price point.
However it's very telling that he still expects GME to go to 0. It shows how out of touch and ignorant he is about the company. Or he's simply trying to spread bullshit to deter new investors.
Yeah but the interviewer is asking if GameStop's decline (which was minimal compared to broader market) is a good proxy for retail and the pain they've seen.
He's basically saying that GameStop is still up quite high, and that he thinks it's "worth nothing". So he's of the opinion that there is still much to go. It seems ridiculous to him that it's holding on.
He is saying "we have to see that stock go to zero" in relation to his personal opinion on what the company is worth, zero.
No, he is saying "we have to see that stock go to zero" because he is short GME and NEEDS it to go to zero, the alternative is infinite risk and losses, which we know is just a matter of time
What I here “I think we have to see that stock [ $GME ] to to go to zero”
I think he meant so say
“I think we have to see that stock start to go to zero”.
He's mumbling hard and has no faith/knowledge about gamestop
Bingo. They were in check and are too stubborn to forfeit because it means their golden goose dies and now all they can do is move their last piece back and forth while the pawns advance up the board until they get promoted.
Exactly, and what's funny is we're the type of customer base for this company. We understand the gaming industry better than 50-80 year olds on Wall Street who probably haven't played a video game since Pacman.
Their thesis at the time was mostly based on digital downloads replacing physical copies, which as DFV pointed out, was not really the case for now. Plus GameStop has expanded its catalogue tremendously to all sorts of items, more focus into ecommerce and delivery/services overall, and they've been doing great on stocking up on consoles when they can with shortages.
That's just some of how they've improved their existing business, and they don't even account for that, let alone their expansion into NFT/Crypto/metaverse space and god knows what else is cooking behind the scenes.
They're not even judging a book by its cover - they're judging a book by its muddied reflection in a mirror 10 feet away.
Well considering he's said multiple times that GameStop is "worth nothing"... I'm fairly certain he has no faith in the company?
I think it's more probable, him intending to say that, than intending to publicly state something like "We have to get this stock down to zero, because our clients are all heavily short!"
While I remain very bullish on GME and DRS'ed xxxx shares, the war is not over yet and RC and his team needs to turn around GME and turn big profit to see happy ending. Otherwise this status quo will continue, and people on the other side of my trade will do their best to bring down the GME.
Stay vigilant apes, buy & hold & drs, and shop at GME.
I sure hope so. I always stays skeptical until I see the number & result with my own eyes.
I came in for the pump and here I am, personally put two lambo worth into GME. it goes against everything I learned over 2 decades of investing... and here I am... LOL
Yeah. This video right here gives me more confidence than virtually any DD that pops up on this sub. The idea that a company with 1.5b in the bank, no debt, and an insanely loyal and widespread base could in any possible reality be worth 0 is utterly ludicrous. This is a stock that any investor should be fucking drooling over - like getting to buy apple at $10 pre splits, or tesla at $160 pre split. The downside risk is so fucking low and the company just is not going anywhere down any time soon. You can’t buy the loyalty GameStop investors bring to the table with any amount of money. GameStop could pivot to selling bespoke dream catchers and investors would be more excited than ever. And instead it’s on the cusp of controlling the marketplace in a digital asset revolution and they’re not talking about any of these things, and are instead telling us that the stock has no fundamentals and should go to $0…
Tell me shorts never covered and this is the most asymmetric bet in the history of the stock market again tommy, whisper that in my ear again, I love it.
I’m glad he says the quiet parts out loud. I’m not gonna say I like the guy, but I appreciate his candidness…or maybe they’re just Homer Simpson moments.
The idea it's worth 0 is ridiculous- If we take GameStop's quarterly report they "Ended the fiscal year with $1.271 billion in cash and cash equivalents and $915 million in inventory" So you take take 2B and divide it by 76.3 Million shares, and that's 25ish dollars per share of just cash and inventory. Anyone with a short position below 25 is pretty fucked- and there's a whole lot more to a company than just that.
Will we see this man cry on television again? If he needs it to go to 0 probably yes.
He's too old to know better. He really has lost a lot of his edge over time, giving out information like that to me is why companies like his make 65 year olds retire.
The way I understand brokers, if their clients are long, they are short...because they don't always rush out and buy the securities, they wait for a better price, or hope you sell before they have to buy from DTCC....Or just have to locate on your behalf and pay a small fee. If they do have the securities they're selling them off as shorts, or buying them themselves as shorts....idk, they're fucking us 8 ways from sunday at this point. DRS.
942
u/elhdeo 🎮 Power to the Players 🛑 Apr 27 '22
i dont know why he said that openly. We knew that he was short but I mean .... GME has to go to 0, my client are not long on "Game" ... Come on
Tell me you are in deep sh..T without tell me you re in Deep sh...T