Post by
MaterialsMan on Jun 07, 2024 9:29am
Fundamentals
Some analyts say that GameStop needs to generate cash flow and profits to maintain its valuation.
IMO, that's like saying that the Fed has to control the national debt in order to keep the dollar at the top of the heap.
All this has nothing to do with fundementals. They no longer matter. It's all smoke and mirrors,
The concensus seems to be that GME is being manipulated. Of course it is, and right on front street to boot. But so what, everything in the financial world is manipulated.
In this case, the establishment can't stand to see people that are not in the club profit from it before their eyes.
Hence, all the stops are being pulled to kill meme stocks, and probably try to prosecute those involved.