Easy Short
Обновлено
You don't need to know anything about markets to know how this will end. WSB and Robinhood traders have pushed Gamestop to insane, unrealistic highs.
This company has a history of underperforming earnings and operates in an industry that will soon be obsolete. When was the last time you bought a CD? The vast majority of videogame sales are now conducted online and this trend is sure to continue. I am surprised that newer generation consoles even have a CD slot. Fundamentals tell me that there is no reason that Gamestop should pump >7000%
If you are going to short this, you most likely lose money in the short term. Just wait for large selling volume and other tell-tale signs of a bubble popping then place your short. There will likely be large swings on the way down, so don't be surprised to see your short swing 20%.
This company has a history of underperforming earnings and operates in an industry that will soon be obsolete. When was the last time you bought a CD? The vast majority of videogame sales are now conducted online and this trend is sure to continue. I am surprised that newer generation consoles even have a CD slot. Fundamentals tell me that there is no reason that Gamestop should pump >7000%
If you are going to short this, you most likely lose money in the short term. Just wait for large selling volume and other tell-tale signs of a bubble popping then place your short. There will likely be large swings on the way down, so don't be surprised to see your short swing 20%.
Заметка
WSB pushed GME higher than I believed possible, and now they are receiving international attention.I am still bearish about this stock. Now might be a good time to short since the volume has dropped significantly, however, I have decided I will not be taking any position with GME since the situation is subject to so much change. I could probably make a lot, but I can easily foresee a scenario where I lose my entire investment.
Заметка
Guess the short wasn't nearly as easy as I thought. They rarely are.
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