Still think TITNC3: Return of the Iceberg was peak

And back to even with all the movement coming after hours

 

Feeling pretty good about my $159 decision going into AH

 

Little movement after hours

 

~$5 on <25k volume got me like

 

FTD Data out

https://www.reddit.com/r/Superstonk/comments/okvtid/june_2021_second_half_failuretodeliver_sec_data/

pretty wild stuff

 

This is me right now...

 

Um yea....
SO someone at work just plugged a massive portable a/c unit into the power strip that runs below the desks to power all the computers/monitors...you know...low amp stuff...low draw...
Can you guess what happened to that breaker the second they turned on the unit? YUP

WHAT THE? We lost our computers...
I totally thought of


https://www.youtube.com/watch?v=ucdZHR75iCM

 

With the Mensa minds you've apparently got working there, you don't produce anything I might use or consume on a daily basis, right? Just so I can make sure to stay away from it

 

GameStop is snatching up Amazon-sized fulfillment centers. What is it going to sell? [The Dallas Morning News]
BY Tribune Content Agency
— 5:47 PM ET 07/15/2021

GameStop ( GME

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) is aggressively expanding its warehouse distribution network as the company aims to transform itself into a serious e-commerce retailer. That much is clear.

What’s less clear is what it plans to to do with all that space.

In May, GameStop ( GME

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) announced that it had leased a 700,000-square-foot fulfillment center in York, Pa. This month, GameStop ( GME

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) announced another lease on 530,000 square feet of space in Reno, Nev.

GameStop’s newly elected board chairman and Chewy Inc. ( CHWY

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) co-founder Ryan Cohen rose to power at the Grapevine-based video game retailer by promising to transform the company into a more powerful online retailer that can compete with the likes of Amazon.

The company has added more than 1 million square feet of space so far — with more likely to come.

In recent announcements, GameStop ( GME

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) has been short on details regarding what the centers would be used for besides expediting shipping times to customers on the east and west coasts.

Analysts and investors have been in the dark as to how the remainder of Cohen’s vision will play out. For the time being, GameStop’s leaders have bought a window of opportunity to prove their vision for the company before traders interest, analysts have said.

When asked for comment, GameStop ( GME

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) pointed to its 2021 proxy statement.

Outgoing CEO George Sherman told shareholders in the April proxy statement that the company is on a path toward becoming a “customer-obsessed technology company that delights gamers.”

Sherman generally outlined four initiatives the company is undertaking, including investing in tech, improving customer care, expanding its distribution footprint and expanding the GameStop ( GME

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) product catalog.

“We are continuing the work to expand our addressable market by growing GameStop’s product catalogue. This includes growing our product offerings across gaming, collectibles and other natural adjacencies,” the filing said.

Does the future of GameStop ( GME

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) look like a more powerful competitor to consumer electronics retailers like Best Buy ( BBY

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)? Or something else entirely?

Until Cohen and the executive team share their plans, it’s difficult to say.

Still, analysts have noted that underperformance and a lack of communication from GameStop ( GME

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) on its plans have hardly affected trading activity. GameStop ( GME

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) stock is hovering around $160 a share this week, still up considerably from the $4 it was trading at a year ago.

In Wall Street Bets, an anonymous Reddit community that has loosely organized trading activity to boost GameStop ( GME

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) stock to historic highs this year, traders continue to share memes making light of their own disregard for the company’s actual performance and commonly referring to the stock market in general as a “casino.”

For decades, GameStop’s core business has been selling new and used physical video game discs, consoles and accessories. In more recent years, as physical video game sales have been in decline, GameStop ( GME

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) branched into other lines of business through acquisitions like video game merchandiser ThinkGeek.

The fact that this basic business model has not dramatically changed in recent years despite declining revenues is at least part of the reason activist investor Cohen captured the attention of so many when he disclosed his 12% stake and ambitious goals the company in 2020.

Until now, GameStop’s U.S. fulfillment has been managed through two facilities in Grapevine, one of which handles refurbished products, and one in Sheperdsville, Ky. They total just over 1 million square feet of space.

Wedbush Securities analyst Michael Prachter likened the fulfillment center leases to Amazon’s early days, when it was strategically scaling up distribution warehouse space across the country. The company could expand its product offering even further into tangential categories like PC parts, office supplies and other gaming accessories, he said.

Still, Prachter is skeptical that there is a feasible turnaround plan at all.

“I’m curious to hear what his strategy is,” Prachter said.

MORE GME NEWS

• AMC, GameStop Swing as Meme Stocks Run Out of Air -- 2nd Update
  DJ Realtime News - 10:30 AM ET 07/15/2021
  
  
• AMC, GameStop Swoon as Meme Stocks Run Out of Air -- Update
  DJ Realtime News - 9:49 AM ET 07/15/2021
  
  
• AMC, GameStop Swoon as Meme Stocks Run Out of Air
  DJ Realtime News - 9:16 AM ET 07/15/2021
  

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I've mentioned this before, but I used to handle all of the loading dock maintenance and parts for the Chewy facility here in Reno. All of their equipment is top manufacturers. Raymond, Interlake, Rite Hite, Crown. Floors were clean enough to eat off of, facility was well laid out and all of the racking was properly engineered and sesmic calc'd. Forklifts had optional safety equipment on them, forklift fleet was leased so they got new trucks every 5 years (worked on that when I was with Crown back in the day). I was pretty close with the facilitie's maintenance manager for a while, and he had nothing but good things to say.

I'm sure they'll carry over that standard of excellence to their GME facilities.

It costs more money to set your warehouse up correctly in the beginning, but it saves you a ton of money and lost time 10+ years down the road.

 

WF brokerage looking at me like ????????????? Got that one up to 100 shares, time to go work on TD Ameritrade now.

 

I know...
It's only a problem if you lose...
I look at it as I'm betting 23 RED and it comes up every 30 spins...but some day it's going to come up 10 times in a row and I pressing my winnings...

 

Really it's only a problem if you sell. Never invest more than you can afford to have go to zero, and just wait it out.

With no long term debt and almost $2b in cash, I'm guessing the odds of GME hitting zero sometime in the next decade are pretty slim.

 

Soooo...
Peeking at $MSN
I use to have shares ages ago. It's emmerson radio corp.
They 2x on 1/26 when the whole $GME thing happened...
Might buy a few hundred shares to hold down to about $1.25...but ride up to $2...

It's volume is approaching crazy for it's avg

 

Being above zero in the next decade does not excite me. I want to see this 1,000 ceiling I’ve read about , and I want it a couple months ago

 

Alright....let’s see what happens

 

We just bought a 2021 LE ourselves.

 

It's at a 9% pullback from it's ATH right now. Historically, it trades sideways after declining 10-15% from it's ATH. Just keep an eye on it and see what range it settles in. I also always look at the 3 month, 6 month and yearly chart in 4 hr and daily time frames. Using those and MACD, RSI and Donchian channels will get you close enough to when it's time to get back in. Of course, all that means jack shit if @kairo prediction of the market apocalypse ever actually comes true. lol

Sweet. Congrats man.

How do you like it so far?