GME: Huge Potential to Buy!
Imagine if the short hedgefunds/marketmakers had closed their short positions 2.5 years ago, they could've walked away intact, but with massive losses. Instead they choose to double up on their already humongous short positions, hoping that retail investors would give up and sell, and hoping that GameStop would throw in the towel. Neither of those things happened, retail investors continued to accumulate shares on a monthly basis, while GameStop was able to present better and better results.
The daily short volume has been above 50% every day for the last 2.5 years, most often closer to 70%, i.e. 7 out of every 10 traded shares have been shorts (sold), while the buy-sell-ratio has been 9:1 every day for the last 2.5 years, i.e. there has been 9 buy-orders for every single sell-order.
GameStop has managed to cut losses by 100% YoY, they have over a billion in cash, no long term debt, a stocked inventory and an army of loyal investors buying more every month. They are perfectly positioned for the upcoming web3 boom, making the current share price a massive discount.
The short thesis died long ago and every shorted share needs to be bought back. Set your own price target come MOASS, mine is $40M/share.[Strong][Strong][Strong]
Players Association Lol GIF by NBPA
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