Showing posts with label Gamestop. Show all posts
Showing posts with label Gamestop. Show all posts

May 5, 2022

GameStop Is Going Nowhere

This is what GameStop is selling. 

- Wrestling Buddies dolls 

Cute, but not really a shopping imperative and the store was deserted. 

Yet, GameStop stock is still stratospheric, while tech and innovation is in the graveyard depths.

The world is upside down and inside out. 

I think a day of reckoning is coming to bring us back to earthly reality.  ;-)

(Credit Photo: Andy Blumenthal)


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February 7, 2021

Did You Sell Your GameStop?


Well, I couldn't resist. 

Around midday today, I peaked my head into the local GameStop.

There wasn't 1 single customer in the store. 

Not 1!

There were two workers.

When I asked if they had any GameStop stock. 

The manager said he had been offered some when he got promoted, but unfortunately turned it down. 

Well the stock was a manic bubble for a short time these last few weeks, and it could've made him a bundle. 

Based on what you see today, do you think you should own GameStop?  ;-)

(Credit Photo: Andy Blumenthal)


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January 31, 2021

GameStop Is What I Call A Sh*t Store

For those of you who have been in GameStop, you know what I mean. 

Let's face it, it's a sh*t store!

They have videogames (some that I like) that you can buy online for half the price and crappy toys and collectables (i.e. "made in China" trinkets)!

Hey, I think you can get some action hero socks on sale for $5. 

The company makes nothing!

Their intellectual property is virtually nill!

Their assets are some leases in strip malls and shopping centers that have less and less traffic due to e-Commerce and Covid!

For those who drove the stock up from a year-low of $2.57 to a high this week of $483.98, congrats on showing that the market can be completely irrational and manipulated by the social media masses. 

Like right before the dot.com bubble of 2000, showoff your brokerage statements and brag about your beefy balances, I remember the local yocals from the barber shop doing the same back then--when everyone was a stock maven and becoming a multimillion from the likes of Pets.com.

But GameStop and AMC (another almost dead company unable to face Netflix, Amazon Prime movies, and all the other streaming plus Covid) are probably worth in concept less than good 'ol Pets.com or the Tulip Mania of the 17th century (at least flowers are beautiful). 

This will end in tears for the ever "greater fool" who's following the herd.  

Let's hope they and the spiraling, out of control national debt don't take down all of us with them!  ;-)

(Credit Photo: Andy Blumenthal)

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