are we doing a guess the top price 2022 edition? $112,846.62
Sure, the answer is still $347.51. The company is valued at 10 billion currently but revenue is consistently falling, losses are widening, and market conditions are not favourable - theyāre not worth half of that IMO and NFTs will not save them.
I think @kenny is correct above but in answer to your question, No. It was set up as a bit of fun to take a bit of the sting out of the argumentative nature of the discussions back then. It has however almost died a death of interest on the subject.
I hope my small amount suddenly grows a lot and I wonāt sell unless some magical number comes out but I wonāt be holding my breath.
Opensea is a $13.3bn valued company with 200,000 AUM and a not very newbie friendly interface. You canāt see value in GME entering this space with PowerUp members of 55+ million and cash in the bank to do it right?
This announcement was basically the same thing they said in May, they still havenāt build anything after 8 months they needed to boost the share price to reissued the same news.
they never commented. WSJ picked up on old news and presented it in a way that creates a narrative around the company. Gamestop has previously filed comments that news channels and media outlets, blogs etc, will make statements that may not reflect on the companyās plans and could influence the share price. Now, if you want to believe that the āSources familiar with the matterā is a grounded source to base your belief that they have actually said anything, well, ok.
I know the WSJ had other things to report on yesterday without digging up a May 21 press release from GameStop.
Market manipulation only happens with itās a hedge fund. GameStop realised that they were about to report that they missed their number of Christmas sales and did this to bump to stock / distract people.
What is it Gamestop ādidā to manipulate the price for Christmas (if that is what you are insinuating)? Has a source come out and comfirm what they literally have had on a website for months (in asking content creators and game developers to register interest in new NFT projects)
All the media hype there was based from that one WSJ story and spun. Yahoo had a guest analyst on saying that GME strategy could be supporting Al qaeda. fascinating stuff really.
āThere have been signs some investors are losing patienceā
There probably never seemed any need for such a high sell order, short squeezes are rare and most stocks donāt fly up that fast. Still think you could do +200 and then if its up tomorrow put a new one on, cancel if it somehow looks like it might hit it.
I had been thinking of doing that too, but cancelling the limit order took a good 4 hours on Friday so seems like a bit of a deal breaker. (And in that time, the shares are not available for trade so are in complete limbo)
I could use a triggered sell order but market sell orders are taking a long time to go through as well (I believe) so could very well execute after a squeeze.
I must be missing something. I just donāt understand why there would be any restriction on the limit order price.
Probably worth saying there are plenty of reasons to set a high limit order outside of a short speculative play. That being said, it looks like limit orders only persist for 90 days so thereās that tooā¦