The people trying to convince you to buy and hold are telling you this right? Eradicator, my brother, I know you’re smarter than that….
Gamestop is a retailer, they’re not a software producer or an IP creator they’re not even in the video game industry they are a RETAILER they are as much in the video game industry as KB Toys was. IF it happens, big IF, they are essentially just entering a new business with no advantage other than their name because they are way too late to that party, they’re not going to be able to compete with the heavy hitters they will get a small slither of the pie that keeps them afloat and that’s it. If it weren’t for this whole fiasco they were going out of business, in store retail is dead their stores are nothing but a base for e-commerce now and they are conservatively 10 years too late on their transition to e-commerce.
To put it plainly, if you’re some loser playing video games in your moms basement on your Xbox and a new game comes out are you going to buy it from Xbox or GameStop? Will it even be available on GameStop? What exactly are they going to be selling or offering that isn’t already offered by half a dozen much stronger easier to access competitors? What they’re going to get some garbage trash games from floundering software companies exclusive to them because no other carrier wanted it? They’re essentially trying to open a McArnolds to compete with McDonald’s in an effort to save a dying retail business, does that sound like a viable business strategy? I can’t even believe I’m trying to explain why their shares beyond this pump are worthless.
I’ve said it since day one and it has rung true every day and week that has passed, let the social outcasts be the suckers, this is a flipper a multiple flipper. Flip it every single day and you will come out way ahead, if you really believe in this whole clown show then keep half your shares on the side but don’t be just another bag holder. Make your money here…that’s all I'm saying!