RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:FAMED Short Seller Andrew Left Has A "JESUS" Moment !!! Chris007 wrote: So let me get this straight....you agree with me that GME is worth nowhere near $300...yet you don't think people should be able to short this overvalued opportunity, if they have the cajones to do so?
That being said, I don't know why you are so fixated between this idea of "no value", yet you are somehow able to comprehend the fact that things can be under/overvalued...just strange to me
fellowship wrote: Yes, I agree $300 is not realistic, but the hedge funds were justifying their actions because of lack of value. There are examples where a company starts selling their assets (offices or land properties) to become lean and use the cash proceeds to finance their business. They can even restructure their business which I think GME is doing with online gaming. The value of the company is not in the stock price for sure - so then dont allow these talking heads driving the stock price because it does not fit their agenda...is unacceptable.
We have similar case with O&G stocks someone decided that there is no value and they should short the stocks...
Correct, because it is the naked short which have caused $300 price spike to begin with.
Meaning the shorts over exposed themselves and the new risk takers have distroyed them.
It only increases the risk for market players.
Where is the company fair value if you eliminate the manipulation.