Quote:
Originally Posted by Noneya
Quote:
Originally Posted by antzcrashing
Yeah dont add any more, wait until you have a good sell point and at least take some off the table.
If it goes down below 50 again I may pickup some shares as a long term investment. I like the stock
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These words don't mean what you think they mean 
They haven't had a profitable quarter since 2017. There is nothing to indicate that they ever will. The valuation implied by $50 (or the current $100+) price is completely detached from reality.
What you really meant to say was "I may pick up some shares because I like gambling". |
No, I mean that there is value in the gamestop brand, reputation, and leadership that is not accounted for and can bring the long term value up, hence returning me value on my investment. Also, the negative sentiment on gamestop due to microsoft and other game and console producers selling directly to consumers is overblown and not taken into account by other general investors and shareholders, thus providing an impetus when people general recognize that this is not so bad for gamestop. Also if I were to take it, it would be a small position overall to my portfolio, limiting overall risk. So no, not gambling. When i gamble I buy doge, something with very little intrinsic value other than what people say/think its worth. Again, in small quantities.
Do you only buy blue chip stocks like GE?