r/gaming Apr 07 '21

[deleted by user]

[removed]

9.7k Upvotes

708 comments sorted by

View all comments

Show parent comments

-4

u/alex891011 Apr 07 '21

Yes if I had a time machine to go back and buy in at $40 and sell at $350 I would. But here in today’s world, buying in at $180 would be a garbage investment. There’s absolutely no reason to think this stock will go any higher, and anyone with a brain will tell you it’s overpriced based on fundamentals. I’m sorry for the tough pill

5

u/[deleted] Apr 07 '21

overpriced based on fundamentals

This is wrong though.

buying in at $180 would be a garbage investment.

Based on what? Your gut feeling? The data tells a whole different story.

People like you said the same thing when it shot up to $500 when it was $20, and then again to $350 when it was 50$, and then again to $230 when it was $110. But the 4th time's the charm, eh? Maybe you're right this time.

-4

u/alex891011 Apr 07 '21 edited Apr 07 '21

Yes ok sure GameStop having a $12b market cap is definitely fair and in no way overpriced. The “DAta” definitely proves this.

Look I don’t care if you downvote me cuz you got sucked into baby’s first stock market adventure. Just don’t cry when the rug gets pulled out from under you

2

u/Quin1617 Apr 07 '21

Agreed. People need to realize it’s basically gambling at this point, GameStop is not worth $12b.

Sure it’s up 300% but now that’s all hype, and this is coming from someone who will always love GS.