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GameStop Corp GME

GameStop Corp. offers games and entertainment products through its stores and e-commerce platforms. The Company operates in four geographic segments: United States, Canada, Australia and Europe. Each segment consists primarily of retail operations, with the significant majority focused on games, entertainment products and technology. The Company has a total of approximately 4,169 stores across all of its segments: 2,915 in the United States, 203 in Canada, 404 in Australia, and 647 in Europe. Its stores and e-commerce sites operate primarily under the names GameStop, EB Games and Micromania. Its Australia and Europe segments also include approximately 49 pop culture themed stores selling collectibles, apparel, gadgets, electronics, toys and other retail products for technology enthusiasts and general consumers in international markets operating under the Zing Pop Culture brand. The Company's brands also include its print and digital gaming publication, Game Informer magazine.


NYSE:GME - Post by User

Comment by Capharnaumon Feb 04, 2021 9:42pm
94 Views
Post# 32480620

RE:RE:Sorry GME Reddit gamblers

RE:RE:Sorry GME Reddit gamblers
Shamrock58 wrote: First off  I am not a "reddit trader" but I did follow what went on. While the wild speculation that enticed a lot of retail buyers that would not have played the stock market was partly to blame for the huge losses they have,  you missed in your rant that they got screwed out of thousands by security laws being broken by Robin Hood. The "blame does not fall entirely on their shoulders. 


Robinhood prevented users from buying (not selling), so in theory they reduced their loss as buying GME above $15 is pure speculation. The stock is at $50... anyone that would have bought when it was $300 and restricted would have lost 80% of their money.

No retail buyer should have ever touched this stock once it was over $15-20, from there it was pure trading... Pure trading means that in the end, money just changes hands, there's no real net gain. So for every winner, there's a loser. Anyone that's not a pro trader had very little chances of profiting once this got launched in a pure pump and dump fashion.
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