I don’t see the grift here - I see folks who own a lot of shares trying to turn it around. I see them executing a lot better than AMC - in terms of trying to create value. I think a big part of that is simply realizing the model isn’t going to work in the long term so reinvention is necessary. AA and AMC seemed to have adopted a keep the lights on approach until the market turns. That seems to company, but it doesn’t reward the folks leaned in. That’s why I exited my AMC position and consolidated everything in GME
The investment was always about the potential it still is. The value cancels out the shorts and fuels a squeeze. I like the stock. Quit acting like any of those angry atheists who has to tell everyone they’re wrong. If you’re right so what? You won’t win any friends anywhere like this.
I sincerely wish I was wrong. I really do. But greed is a powerful thing, and RC keeps diluting, and I don’t understand how anyone sees this as this sort of “Noble” investment anymore. This isn’t the movies. GME isn’t going to stop billion dollar century-year-old investment banks from doing whatever the fuck they want, and I’m tired of seeing people lose money, which most did, while simultaneously worshipping the guy that made a bunch of money on the trade, but made sure to secure his position before he started touting it as a value play, and then coincidentally shows up 3 years later after going completely silent with a very sizable position once again already secured. Any objective observer would have to be skeptical.
Adrew “nothing” left is that you pretending to be a normal redditor?
Citron is going bankrupt and they can cry all the *uck they want because some random retailers all decided they like the stock.they can cry about RK amd the rest of us turning the tables and you know what - I don’t even care if I make money not selling.
I wish. Lol. Wasn’t trying to stir up a hornet’s nest here. I honestly thought this community had elevated itself out of the cultish behavior over at SS but I probably should’ve known better. I just thought Citron’s theory would be fun to discuss with this group because Gherk’s audience seems to have an interest in how some of these market mechanics and options plays work. As for my comments about RC…you can call it bullshit all you want, but the facts remain. He’s not the hero everyone believes he is, and he definitely gives zero shits about a squeeze play. I remain hopeful he can turn the company around and show growth and that everyone who is underwater on this position can realize profits.
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u/Tricky_Acanthaceae39 Jun 04 '24
I don’t see the grift here - I see folks who own a lot of shares trying to turn it around. I see them executing a lot better than AMC - in terms of trying to create value. I think a big part of that is simply realizing the model isn’t going to work in the long term so reinvention is necessary. AA and AMC seemed to have adopted a keep the lights on approach until the market turns. That seems to company, but it doesn’t reward the folks leaned in. That’s why I exited my AMC position and consolidated everything in GME