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The original was posted on /r/Superstonk by /u/sgtdillweedmcdonald on 2024-04-08 17:54:30.
I have been tuned in regularly again since the most recent earnings. GameStop is now trading for almost as much as it was prior to the story’s hero doubling down and cementing GME as a long term household investor holding.
Over the past 2 years, short thesis has completely evaporated, there is not a percent chance of GameStop going bankrupt. The balance sheet is solid. Store closing and cost cutting is in full effective to lean the business out. GameStop is now offering cash on used electronics. The float is largely owned by retail with a large amount registered with Computershare.
It just makes me scratch my head. Are shorts not paying attention? Do they not understand what they are heading towards?
It’s true 2021, was a squeeze of some sort, but now they are walking in blind to a much different situation. GME is primed for a low liquidity, low volume, true short squeeze.
Are they even able to close at this point?