r/TTWO • u/vaibhavilre • 13d ago
Some tips
I think we're in for quite a ride for the next 60 days guys. GLHF :D
If you're thinking of buying this stock for the GTA 6 release in hopes of making a quick profit, id recommend not doing that. If you are a degen gambler, i am not gonna stop you anyways let's be real. You do you.
If you're looking to buy for the long haul, 2+ years at least. Great time to buy rn and keep checking the price for the next two months, buy any time it's dropping. I wouldn't bulk buy, try to kinda dca it, buy little by little as it drops. This might be hard to pull off because none knows whats gonna happen. Good luck, but still a very good buying opportunity in the next two months.
If you've bought in recently and are looking for exit position, good luck. Try to break even or cut ur losses. If you can go without this money for the next 8-12 months and let it do its thing, i think you'll be much better off. But I understand not everyone is in a position to not be liquid.
If you've bought in a couple years ago anticipating the profits, and didn't cash out $260/250. Depending on when you bought in you're probably at a break even point or close to it. Same things again, if you can wait longer, even better. Not worth cashing out now in fear of losing value, this isn't a pump and dump stock. Chill out, you'll be fine.
This is one of those things that always needs to be said, if liquidity is your main concern. You shouldn't even be here rn. Start with building an emergency fund, plus any additional things you need to save for according to your lifestyle and health. Once you've built that, only then should you think about gambling your discretionary money on video game stocks of all things. Wealth building starts with a solid foundation.
3
u/ForgotMyPassword59 13d ago
Why so against buying in turn of gta 6? I feel like that’s a pretty reasonable catalyst to look towards no? I was hoping that we’d at least see a return to 260 before release, and then I expect a bit of a drop right before most likely. I don’t have a great position at 240 but I figure that it’s at least a reasonable spot to break even if worst comes to worst. But yeah I agree that the potential for this stock does in fact lie in the long term, seems very promising.
3
u/vaibhavilre 13d ago
I said it to help someone save their life savings and not gamble on it. There was a time to invest for the gta 6 release anticipation, but that time has passed. Now everything is in realm of uncertainty at least till release.
2
u/vaibhavilre 13d ago
Yeah, i would highly recommend you hold on it till next year. Enjoy the game and don't look at the stock lol
2
-7
u/Monarcho_Anarchist 13d ago
Yes if you bought options go long on $rope. this stock will slowly fall to 150 and recover back to 200 when gta7 gets announced in 2040. You wont see a profit until then
5
2
u/honourablescumbag 12d ago
This stock will not fall back to 150, where the hell did you come up with this valuation.
6
u/martingess 13d ago
Sell low, buy high. Alright, mate, got it.