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Reply to "Cash out refi to invest in stock market?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I sold a house, pocketed 150K and passed on the plan of putting that $ into a new house. I bought GameStop with the money, 4M later I think it was a sound decision[/quote] How was that a sound decision? You were gambling and got lucky.[/quote] Wasn’t luck. There was and still is a massive short position that will gun the stock. Go on their website and look at the job postings they are a tech company with 1.4 billion in the bank. Main stream media paid fear campaigns are out of control on GameStop. Why ? Because the funds that pay that stand to lose the most on a squeeze. I sold some but have bought over half of my shares back. I should’ve never sold it’s not over the price is wrong[/quote] Dude shut up you are a clown [/quote] Seriously. GameStop is a "tech" company because they sell video games? Hell no dude, they're a retail company in a doubly dying industry - brick and mortar retail is on its way out, and gaming is already well into its transition into 100% digital delivery which will destroy Gamestop's only actual profit center - used game sales. The next generation of consoles won't even have disk drives and software licenses will never allow people to sell their digital games on the secondary market. GME is on life support. [/quote] No kididng. HEre are GME's financials: https://finance.yahoo.com/quote/GME/financials/ They lost 702mln in 2019, 399mln in 2020, and 237mln in 2021. Consistent losses. The stock is being pumped up by emotion, not rational financial analysis. [/quote]
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