The Investment Thread
Just curious, is there a case in which you would sell your GME?
It would take a squeeze for me to sell in the next 2 years or so. A squeeze would be awesome and it does have squeeze potential. But, Im not sure it would actually happen. I think a more likely event is a TSLA type of growth.
I consider this time period in which my objective is to accumulate shares while we in this $150-300 share price channel.
GME has a current market cap of 13.1 billion. What’s baked into that market cap is the squeeze potential. What I still think isn’t baked in is a bull thesis that speculates that GameStop will become a leader in the NFT marketplace for games, collectibles, and whatever else NFTs can do. This could be in partnership with Loopring (a layer 2 etherium…I don’t know what that actually is).
What we know so far is Ryan Cohen is the chairman of the board and he is extremely passionate like Musk. He has hired tremendous talent from companies like Amazon and Apple. They have zero debt and raised 1.2 billion in cash. I’d expect they are spending a lot of that on talent acquisition, expanded product offerings, and expenses related to their NFT marketplace that is likely in the works.
My pipe dream is a mega squeeze. But my realistic fantasy is for them to grow towards a 100 billion dollar market cap company and beyond.