The Investment Thread

Turfie said
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.

Fair enough and better answer than I was expecting. I can't help but think of a movie in about a decade called, "The Big Short 2" that shows some hedge fund guys rallying up an internet forum, creating a squeeze with the ultimate idea to play the short side after the initial run up. There are so many things that are joke worthy if things take a dive.

I don't know what to think about NFT's at the moment. As someone that could very easily profit from them it has certainly peaked my interest. On the other end of the spectrum, it is a really crowded play rich in speculation at every turn. I absolutely believe the metaverse, NFT's and crypto's are the future. These are like internet based tech startups in the 90's. The problem is how crowded the market already is without anyone really having a good concept of what it will become. In that aspect, it reminds me of the dot com bunst. I have a basket of crypto with a few hundred bucks in about 20 different coins. Every one of them are extremely overvalued and will probably crash. I guess I feel pretty good about ETH but so does everyone else meaning it's probably really overvalued. NFT's are crypto dependent and a whole different level of speculation. From there, the metaverse is like making that speculation into 3d. I fully expect to lose every dollar I've invested in the sector and will look back at it in 20 years full of regret, not because I invested in the sector but because I didn't pick the right companies, cryptos, metaverse companies, etc. It's why I love the crypto idea but hate the investment. It's almost like you have to do it but know it's probably going to burn you.