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Gamestop $GME: The Return Of Meme Stock Idiocy

by irdadmin | Apr 4, 2022 | Financial Markets, Market Manipulation, U.S. Economy

Meme stock mania is back in full idiocy. And it’s time again to revisit $GME as a short. On March 14th, GME closed at $$78, its lowest level in February 23, 2021. The stock had been down nearly 75% since June 9, 2021. But after the market closed on March 21st,...

Gamestop $GME: It Will Collapse Eventually

by irdadmin | Mar 29, 2021 | Financial Markets, Market Manipulation, U.S. Economy

GME reported its fiscal year Q4 and full-year numbers this past week. Q4 was a disaster for the Company. Operating earnings were trounced 75%% YoY for the quarter from $75.2 million last year down to $18.8 million. After subtracting interest expense, which rose in...

Game Over For Gamestop?

by irdadmin | Feb 11, 2021 | Financial Markets, Market Manipulation, U.S. Economy

“If you can’t spot the sucker in the first half hour at the poker table, then you are the sucker.” – a quote attributable to several sources. Well, easy come, easy go for the Reddit retail traders who rode their GME shares and call options up and then back...

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