I mean, the GameStop nonsense isn't done burning people either. It's still at $100 and I'd be stunned to see it settle any higher than maybe $25.
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There is presumably some value built into the announcement that started a lot of this, but "we got the Chewy guy and are now going to tilt at Steam, Epic and GOG" isn't, you know, a massive boost in company survival probabilities.
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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Whoever bought the stock without doing the research is a speculator and deserve to lose money.
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I am very much a fan of index funds. Professional investors can't master the market; why would I think I can? That said, time to recite what I am reasonably sure is the Devereaux family motto, "This is not financial advice. Be sure to consult a financial professional."
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The stonk isn't worth more than $2 based on the company's fundamentals.
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You may be right! I think there is *some* value in bringing in the Chewy guy. Chewy works really well, delivers fast, had a good IPO. Not a lot of profit yet, but still. I see problems with a Gamestop pivot-to-online, but it's obviously the only path.
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