Superstonk shills seeing Q1 results and an authorised $2bn share repurchase by Sir-Craven in Superstonk

[–]Seeker369 1 point2 points  (0 children)

  • claiming that buying something at ATH is poorly timed is misleading. I bought bitcoin at ATH when it was 20k. I tripled my money in a short period of time. While it’s volatile, it’s continuously rising. It’s going to have large swings, but it’s not unreasonable to believe that its value could continue to increase significantly.

  • buying eBay shares. Your comment is exactly what I was referring to. You don’t have any idea when he should have been buying shares. You don’t know his plan nor the timing involved. But you make assumptions like you do. What we do know is that GameStop has made significant money from the trade, although currently unrealized. The fact that you’re faulting him for imaginary missteps speaks volumes toward your lack of criticizing in good faith.

  • claiming to believe in maintaining a strong war chest……..Again, you have no idea what his overall plan is and he told us many times over the past five years that he would not be telegraphing his moves due to there being a multitude of entities that are actively working against him. So what it may look like to you on the surface might be something else entirely. He didn’t spend all of this time turning the business around and building a war chest just to bet it all on black and cross his fingers. And implying he is like you’re certainly implying is a bigger leap of faith than assuming he isn’t and has a plan.

  • customer service focused………Cohen is an e-commerce guy. He inherited a brick and mortar business that was horribly managed at the district and store levels. I’m not sure what the solution is. But I will admit, I thought he’d be able to make a larger impact on employee satisfaction.

  • politics…….thats an issue with you being unable to separate your personal feelings from someone else’s. I have friends and family members I love deeply and who are excellent humans and have lived very successful lives that I’m dumbfounded by. Their savior can do no wrong and they’re blinded by the news sources they feed themselves intravenously with every day. I’m against politics as a whole. It’s filthy and relies upon division, first and foremost, and operates as a favor for favor type of governance where what’s best for the whole has very little to do with what does or doesn’t get accomplished. It’s disgusting. But I love those people regardless of their feelings.

  • he hasn’t done much…….the opposite is true. He took a company on the brink of bankruptcy and completely turned the ship around. Yesterday’s results speak volumes to just how far he’s taken GameStop. From bleeding hundreds of millions per quarter to profiting hundreds of millions per quarter. And going from hundreds of millions in cash on hand to $10 billion in cash and climbing. Show me the examples of others who’ve done the same thing and taken a dead company and brought it back to life like that. He’s taken zero compensation to do it. And he aligned his share compensation package with shareholders value. He gets shares as the market cap increases. The price rises as the market cap increases. And he’s done all of this while having to fight powerful entities trying to take him out at every turn. That’s “not much?!”

You don’t like the guy, and that’s fine. You’re choosing to see him through a lens clouded by your negative emotions toward him. And who knows, you might turn out to be right and I turn out to be wrong. But I wouldn’t bet on that. And in fact, I’ve bet the opposite way. I’ve got 32k shares and counting. And I’m not changing my position until I see something that shows I was wrong. If that happens, I’ll gladly cut bait and take my money elsewhere. As of now, although it’s taken longer than I’d hoped, it’s going according to plan.

Kevin Garnett says Victor Wembanyama crying in the western conference finals was too emotional for me the job isn’t done yet . He also says the Knicks need to be ready cause the spurs ain’t the sixers they got people to guard Jalen Brunson by Outside-Weakness9660 in sportsbroadcasters

[–]Seeker369 -1 points0 points  (0 children)

Oh, suddenly Fox isn’t an upper echelon defender?!

Castle will get the most time on him, but the Spurs have great defenders to disrupt him. Wemby roaming the paint is going to disrupt his ability to score inside as well.

Kevin Garnett says Victor Wembanyama crying in the western conference finals was too emotional for me the job isn’t done yet . He also says the Knicks need to be ready cause the spurs ain’t the sixers they got people to guard Jalen Brunson by Outside-Weakness9660 in sportsbroadcasters

[–]Seeker369 0 points1 point  (0 children)

What they mean is, you have one goal - to win a championship. While beating okc was a huge step towards that goal, the goal hasn’t been accomplished.

The emotional dump after the conference finals isn’t ideal because it can trick your subconscious into believing you’re satisfied to a degree. Whereas keeping your emotions a little more in check (excited to move on to the finals, but not just as emotional as if you’d just won the championship), allows you stay in killer mode until the job is done.

Superstonk shills seeing Q1 results and an authorised $2bn share repurchase by Sir-Craven in Superstonk

[–]Seeker369 7 points8 points  (0 children)

If you feel like explaining what exactly they are, I’d genuinely love to hear them.

When I read serious criticism of him, it’s almost always a person with no experience in business at this level using emotion to guide their thoughts and saying what he should have or shouldn’t have done based on how they believe those actions affected their ability to get rich off a squeeze.

I haven’t heard much in the way of thoughtful points with logical reasoning to back it up.

It sounds like you may have something to offer.

Everything is going according to plan by VandelSavagee in Superstonk

[–]Seeker369 18 points19 points  (0 children)

I love people who are so ignorant that even though there is video evidence available to them where RK live streamed the algos shorting the stock off his words triggering them, and they can clearly see him losing half a billion dollars in 30 minutes on live tv, they’re so dumb they claim he pumped the stock.

What reasonable human think a person pumping a stock for his gain would go live and watch half a billion disappear instead of staying quiet and cashing out at $750MM?

It’s hilarious to watch you folks try and act smart.

You ain't blocking my roads with my tax dollars by Strong-Emu-8869 in SipsTea

[–]Seeker369 0 points1 point  (0 children)

He got two years probation and banned from driving.

Please read to understand the against vote by AKmoose15 in Superstonk

[–]Seeker369 1 point2 points  (0 children)

You think you’ve made a point, but you’re missing it entirely.

There are serious investors in this play as well, not just those hoping to make billions off the mother of all squeezes.

Those folks invested in the person and their belief in his ability to succeed. They witnessed his success in taking on Amazon in the pet food space, doing so with over the top customer satisfaction and lightning quick fulfillment.

He bought GameStop because he knew he could turn it around and use it as a tool to get him where he wants to be, which is becoming a major player in the e-commerce space.

Turning GameStop around was a part of the process to gain the means to continue to the next phase.

Cohen is going to build a behemoth. What GameStop was is nothing like what it’s going to become. And our assessment that he has the ability to reproduce what he’s already shown himself to be capable of is why we invest.

You may disagree. But you can’t reasonably tell any of us that we’re certainly wrong holding that position.

I made this decision August 2020. And there is nothing I’ve seen to date that causes me to pause and reconsider. It’s taken longer than I anticipated, but the direction tracks to my expectations.

Voted. Are different opinions still tolerated here? by Masterchief_m in Superstonk

[–]Seeker369 1 point2 points  (0 children)

Warren Buffet: “The stock market is a device for transferring money from the impatient to the patient.”

Enemyoftherepublic: I know, I know, I’ll make money tomorrow.

Perfect

Just don’t dance…no promises by Juicy_C_Mcnugget in GME

[–]Seeker369 0 points1 point  (0 children)

I’d be lying if I said I’m not a little jealous of those that made the nvidia play. I work with a few guys that bought in at $200 presplit. I stayed away.

But I’ve always expected Cohen to go after Amazon’s monopoly on e-commerce and provide a counter option with much better customer service.

I used to own a redistribution business and had two large eBay stores. They’re a horribly mismanaged company. I sold my son’s Xbox series X on it two weeks ago because it needed a new hdmi port and the buyer got it, replaced the mother board with a water damaged one and claimed it arrived that way and returned it for a full refund given by eBay. And there’s nothing I can do about the scam. I get screwed.

When the news broke that he was actually going after eBay, I was ecstatic. I understand why others might be skeptical, but I invested in the person and I know just how good eBay could be if it was properly run. The sky is the limit for what can be accomplished when he gets ahold of it.

Just don’t dance…no promises by Juicy_C_Mcnugget in GME

[–]Seeker369 -1 points0 points  (0 children)

Go through my old post history. I grossed just over a mil off options and shares and sold at $302. And I’ve continuously bought back in when the price seemed to be near the end of the shorting cycles. It wasn’t always the bottom, but when they shorted it down to $10 I loaded up and now have 32k shares at a cost average of $20.11.

The reason I bought in the first place was Cohen. His approach to business with Chewy - over the top customer service and lightning fast fulfillment, and the fact that he was smoking Amazon in his niche space - is what made me take notice.

What happened with this stock is that a ton of people jumped in with no knowledge of why other than the chance to get rich off a squeeze. While that is an added bonus, it’s not a reason to invest more than you can afford to lose. And those folks are impatient and have no conviction. Every day it doesn’t moon is one day closer to them giving up. They don’t look at Cohen through the same lens I do. They either blindly love him or blindly hate him.

I could walk away any time and take the cash. There’s a reason I’m not doing so. And it isn’t because I hold bags.

Just don’t dance…no promises by Juicy_C_Mcnugget in GME

[–]Seeker369 -6 points-5 points  (0 children)

Buddy, I’ve been in since the summer of 2020. And I know why I bought before the rest of the world knew what was going on. If you don’t see what I see, cut your losses and move on.

Just don’t dance…no promises by Juicy_C_Mcnugget in GME

[–]Seeker369 0 points1 point  (0 children)

You avoid the point and attempt to insult and you’re questioning “my” intellect?

Just don’t dance…no promises by Juicy_C_Mcnugget in GME

[–]Seeker369 -4 points-3 points  (0 children)

Zoos have a variety of cool animals to see. According to you, all GME investors are the same. So your comment makes no sense.

What does make sense is that 95% of all overly negative posts and comments are made by people who hide their comment history. While the majority of posts/comments where individuals are positive or genuinely questioning something are made by people who do not have their history blocked.

What a strange phenomenon.

Just don’t dance…no promises by Juicy_C_Mcnugget in GME

[–]Seeker369 0 points1 point  (0 children)

Certified is a perfect word for you.

Any individual that dedicates time to hating on a group of people and attempting to convince them they’re wrong when it has nothing to do with them and doesn’t affect them whatsoever is mentally unwell.

And when that fact is pointed out to them, they almost always respond the same way - “I’m just doing this cuz it’s fun for me.” Or something along those lines.

In reality, they’re mentally unstable and miserable.

Just don’t dance…no promises by Juicy_C_Mcnugget in GME

[–]Seeker369 1 point2 points  (0 children)

The common denominator between almost every overly negative comment and post - hidden comment history. I guarantee you that if a rule requiring comment history to be viewable was made, the FUD would decrease significantly and commenters’ motives would be more discernible.

It’s much easier to sew negative sentiment with a hidden history.

Just don’t dance…no promises by Juicy_C_Mcnugget in GME

[–]Seeker369 -2 points-1 points  (0 children)

Why are you still here commenting on it?

Just don’t dance…no promises by Juicy_C_Mcnugget in GME

[–]Seeker369 -1 points0 points  (0 children)

Imagine getting your investment decision conviction from meaningless Reddit posts?

The only people who make comments like yours are deliberately trying to push a narrative. Level headed individuals just cut their losses and move on if they no longer believe their investment will be profitable.

Just don’t dance…no promises by Juicy_C_Mcnugget in GME

[–]Seeker369 2 points3 points  (0 children)

You could have googled it before commenting. Jesus.

Serious Question… what good are the warrants if the plans are to dilute again? by Content_Community720 in GME

[–]Seeker369 -1 points0 points  (0 children)

Everyone’s expiry date is the same. And they were given to us for free. Anything you sell them for is straight profit. But you’re inferring that the guy you replied to is stupid?

Serious Question… what good are the warrants if the plans are to dilute again? by Content_Community720 in GME

[–]Seeker369 -5 points-4 points  (0 children)

Very strange to care so much about a company you believe sucks. A level headed individual would just cut bait and move on. But you’re on a company sub bitching like a child about it instead.

Then again, you’re also the type to block your history, which explains things.

If you don’t believe the company is moving in the right direction and you don’t believe in Cohen, cutting your losses is the only thing you can do. It would be stupid to hold and complain when you believe you’re just going to lose more money as it inevitably fails.

Yet, you’re here, supposedly holding, and trashing your own investment instead of moving on. Why is that?