Are redditors still diamond hands on gme?
this post was submitted on 19 Feb 2025
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Let me tell you a story... I sold off all my Bitcoin and put it all into GME stock right when it was starting to go up... Because why not right? It wasn't much like it was worth 1000 bucks or something... Because everyone said the bitcoin bubble was going to pop or something... And then Bitcoin went from 30k to 60k in like two months... And now it's closer to 100k
Long story short I make bad choices and no fuckin way I'm selling my GME for a loss just for it to double or triple again in two months
-whispers into your ear-
You should sell.
I think people underestimate the mental health benefits of never thinking about whether number you can’t control or predict go up or down.
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I see you jack.
Jack: This is GE!
Banks: It's just G now, Jack. I sold the E. To Samsung. They're Samesung now.
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Not since Ryan Cohen gave the shorts everything they wanted with the stock sale last year and had absolutely nothing to show for it like a new product or acquisition. Ryan Cohen betrayed his core investors and did something that was supposed to be impossible. He turned a MACD Golden cross into a death cross with a stock sale. Impossible because it would take considerable timing, and back door dealing that is still illegal, in order for it to happen. GameStop dead. Ryan selling assets cuz the ship ain't righted, and he ain't got a better plan. Shrink the business and rip off the small guys that invested.
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Frankly I think every stock-oriented subreddit is a controlled operation meant to pull value from the subscribers only. I doubt almost any thread on those subs are people authentically sharing their perspectives.
At the rate these chains are telling me to fuck off with my business and ignore them I'm gonna end up with nothing but farmer markets and crafts shows to shop at...
And somehow, Costco? Weird twist.
It's not even a weird twist it's just people who understand how capitalism actually functions and realize that investing in their workers means their workers have more disposable time and income to spend buying shit at Costco.
It's wild to me that we've had to go from advocating for leftism/unions to "if we are gonna do capitalism shouldn't we at least do it in a way that won't break literally everything?"
Costco is simply a traditional capitalist business that doesn't want to see the economy completely implode for everyone but the rich. They are simply promoting capitalist economic fundamentals that made the US an economic powerhouse in the world and built a wealthy "middle class."
Treating your workers well is also an attempt to prevent unionization. Only about 8% of Costco employees are represented by a union.
Ford used to say something to the effect of 'pay your workers well enough to afford the product they're building' and it seemed to work well.
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That too, though I haven't had reason to go there just yet. Curious to see some stats over the year to see if there's a notable bump for them due to standing against the trend to kill DEI.
I also haven't had a reason to go there, haha. Probably soon for diapers, though, as Target is also shooting itself in the foot.
Nearest Costco is about 45 minutes from me so while it looks like a decent replacement to Target, it's going to have be a bit more planned that just pop out for a quick thing.
Still sort of working on how to keep track of who all I need to avoid. It may only be a small amount but I'm a stubborn one when it comes to avoiding shops. The city pissed me off once so I refused to use their municipal beer shop for like a decade after.
Honestly, is that a bad thing though?
Nothing really aside from the annoyance of living where everything is 20 miles apart makes shopping at multiple small shops quite time consuming.
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What's so bad about that?
They don't sell a lot of video games at farmers markets and craft shows... You have to go to a flea market for that, and those are rather dodgy.
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Do not ask those farmers follow-up questions.
It has absolutely nothing to do with their entire core business model being obsolete.
Nor with the issue that they've been hemmoraging money at a staggering rate.
Wait, their business model of giving you $3 for a game they'll charge $50 for isn't working? The business model that I have to go drive and interact with someone and hope the game is in stock? Who would have thought?
The company as a whole is profitable with not a dollar of debt, where is this staggering hemmorage?
Recall that the first quarter after the whole WSB thing, they had something like 2 billion in cash from that whole thing.
A year later, they had 1 billion.
Half a year later, 500 million.
All of a sudden this quarter, after shutting down stores all over the place and gutting their staff, they're claiming 4 billion cash on hand, helped out by unproven social media claims growing their stock price 30%.
doubt. Their business model relies on physical games being sold multiple times, once when new, and then multiple times as used copies. This is why they're focusing on retro consoles. New consoles have passable online marketplaces, so Gamestop cannot compete, and are completely inferior to PC gaming, which hasn't needed Gamestop in 20 years.
Theyre also going against small gaming hobby stores which while not everywhere they can offer secondary services not reliant on reselling games multiple times. Such as offering LAN parties for old games, table top games, or even movie nights. These are just things I know the shop one of my kin in Arkansas goes to does.
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Anyone who didn't sell after the idiocy of the NFT market is a fuckin bagholder through and through.
An NFT market was stupid to begin with, because it's trying to use endless amounts of CPU cycles to enforce an "ownership" system that is genuinely unneeded and only serves to benefit Capital and Capitalists.
Hell yeah let's burn down the planet for fuckin skins in video games! /s
Later, they would shut down the same market, after barely over a year and a half.
This was and is a company with no concrete plans for the future that was spinning its wheels since its core business was failing and continues to fail.
Diamond hands? More like Sunk Cost Hands.
Akchually, NFTs don't even burn CPU cycles to enforce ownership. At best it's all created and sold by a central party, and at worst the whole thing runs on his laptop.
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Whelp time to cancel my GameStop runs.
I don't support chuds
Can't cancel what I never did. GameStop routinely has terrible prices, poor selection (in my area), and mediocre service. I buy most of my used games from eBay, and most of my new games from Target (when on sale). Screw GameStop...
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Sell sell sell!
Seriously, when CEOs say shit like this they're covering for something. Abandon fucking ship
DEI is some zealous American Puritanism which has no relevance in France, so I’m confused how he made the connection?
I doubt it's related:
The reality is that the physical side of GameStop's business has been in steady decline for a while. In 2019, GameStop closed around 200 stores in an attempt to "reboot" the company. GameStop's fortunes briefly rose due to its 2021 stock surge, but shares quickly plummeted following that initial spike.
They're probably just not making a profit anymore in those regions, so they're closing up shop, and the CEO took the opportunity to go on a largely unrelated rant.
what an odd thing to say for a company that employs millions of minorities. sold my stock
You might be off by a few million...
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RC is turning out to be a giant douche bag. Who would have saw that coming
He always was if you check out interviews with him from years ago. Biggest smug ego of anyone and he talks like a valley girl.
His company is alive thanks to a meme. Get fucked, CEO
after all that effort from the WSB community to save the company.
I was entirely checked out on gme until a few weeks ago, when I remembered it and decided to drop the bag. Turns out I pretty much broke even. Glad to see I was making the right move
Honestly as a dumbass still holding worthless empty bags labeled GME, I hate Ryan Cohen almost as much as I hate Musk.
I just wish I was paying attention the day it climbed back up to 60$, I would have sold for a small profit in a hurry...
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Dump the stonks!
Trading in my points and cancelling my membership this weekend. 95K points should get me a few fun things before I never ship there again.
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