Jan. 21, 2021
Here is the article.
I wrote a blog about my birthday purchase on Oct. 2021 30 shares of GME. I sold in the same day since the price went down.
After I carefully reviewed, I should think about long term, at least six months or 12 months. Market value does not matter if I invest GME stocks for long term.
I need to learn from my own experience as an investor. Here is the blog.
Is GameStop (NYSE:GME) stock going to $60 or to $20? That is the question fueling massive share price moves, heated internet debate and a cult of GME stock followers. As GameStop tacks on another 7%, what do investors need to know?
GameStop has essentially become the darling of internet trading communities, further aided by a rise in users on platforms like Robinhood. The company once looked ready to follow in the footsteps of Blockbuster. Now, thanks to an activist investor and a loyal following, some see it as the next Amazon in e-commerce.
The story all starts with Chewy (NYSE:CHWY) founder Ryan Cohen, who picked up an activist stake back in September 2020. Since then, he has reinvigorated the GME stock community, promising to take on Amazon head on. More recently, GameStop acknowledged its turnaround plans, naming Cohen and two other Chewy executives to its board of directors. As we wrote last week, investors are hopeful that GameStop can actually lean into an e-commerce model, or potentially strengthen direct-to-consumer sales. Video gaming as an industry remains popular, setting up the logic for the GME transformation.
However, the real moves in GME stock today come from Citron Research.
Earlier this week, Citron promised a livestream where the firm would share five reasons GameStop was headed back to $20. One promised topic of discussion was the role of short interest, which many see as responsible for major pops. Citron initially slated the livestream for Wednesday at 11:30 a.m. Eastern. However, so as not to interfere with Inauguration Day festivities, Citron said it would reschedule to this morning…
Except Citron changed its mind, ultimately cancelling its livestream due to hacking
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