GameStop is buying PSA graded cards

4815162342 · #1 10-19-2024, 07:04 PM

I think I�ll pass. This seems to be for the modern shiny crowd.

Fred · #2 10-20-2024, 06:42 PM

If the market cap on GME was a lot lower, then it'd almost be like time to consider short selling it. It just blows my mind that the stock hasn't just faded away and been de-listed. Internal reports indicate over $5B assets. If you consider gaming inventory as assets then it makes you really wonder what the actual value of all that garbage is. Now they're going to add low cost PSA cards. Seems like a pretty crazy move. Perhaps a poll on how this board feels about what the valuation of the PSA cards GME is buying will be worth in a few years.

It'd be even funnier if GME started investing in recent rookie cards. Wasn't the Trout rookie supposed to be going for $$$$$. I wonder how much it dropped after this season.

What would members of this board think if GME started buying vintage cards like T206 Cobbs, '33 Goudey Ruth's and cards like that? They'd almost have to create a GME vault because I wouldn't house those type of cards in those the shops they have.

BioCRN · #3 10-20-2024, 06:56 PM

Quote:

Originally Posted by Fred

If the market cap on GME was a lot lower, then it'd almost be like time to consider short selling it. It just blows my mind that the stock hasn't just faded away and been de-listed.

There is an entire army of internet people who have been buying and holding GME for years assuming one day it's going to shoot up to a zillion dollars a share and they can buy their own private island etc etc...

The social aspect and conspiracy surrounding it is more important than making money, evidently.

We just got out of one of the best recent eras to enrich yourself investing during the COVID-era and these people have spent a huge chunk of their time and money buying and holding GME during this boom.

Fred · #4 10-20-2024, 07:21 PM

Quote:

Originally Posted by BioCRN

There is an entire army of internet people who have been buying and holding GME for years assuming one day it's going to shoot up to a zillion dollars a share and they can buy their own private island etc etc...

The social aspect and conspiracy surrounding it is more important than making money, evidently.

We just got out of one of the best recent eras to enrich yourself investing during the COVID-era and these people have spent a huge chunk of their time and money buying and holding GME during this boom.

A few people made a lot of money during that spastic GME trading period. I'm gong to go out on a limb and guess that most of those Reddit readers lost their butts on that. I just wonder how much of the GME asset sheets are even close to being correct. There are a lot of short positions on GME, but I just can't see another stupid run on the stock like that one crazy trading period. Vegas should put an over/under bet on how long that stock will still be trading.

BioCRN · #5 10-20-2024, 07:27 PM

Quote:

Originally Posted by Fred

A few people made a lot of money during that spastic GME trading period. I'm gong to go out on a limb and guess that most of those Reddit readers lost their butts on that. I just wonder how much of the GME asset sheets are even close to being correct. There are a lot of short positions on GME, but I just can't see another stupid run on the stock like that one crazy trading period. Vegas should put an over/under bet on how long that stock will still be trading.

I only passively follow the internet cult trainwreck that is GME, but they seem to be very cash-heavy and very little idea what to do with that cash.

The US dollar isn't going to help the revenue bottom line as interest rates get cut. They need to put that money to work.

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