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7 hours ago, CPslograd said:

Sony and MS sell online direct, and essentially every console owner has a subscription.  How is Gamestop supposed to compete with that?  The amazing thing is they did as well as long as they did.  Gamers were very reluctant to move away from physical games.  It was expected to happen an the onset of the PS4 and Xbox1 generation, but it didn't happen.  Now, it is finally happening, and Covid is hasting it.

Not trying to pick a fight, but their situation is a little different than Blockbuster.  Blockbuster should have seen it coming, and could have been Netflix before Netflix was Netflix.  But since Sony and MS always had their own digital stores, it's not quite the same situation.

If Gamestop is going to survive as an independent entity, it will have to be as an "experience" product/destination.  Somehow, they will have to become an EGaming venue and find a way to monetize that.   Either that, or they could become some sort of trading/used game/console site, like MPB.com is for cameras.  But I don't see how they are positioned to do that, a startup would have a better chance at that, and it wouldn't have the market cap of Gamestop regardless.

I was reading a story from 2019 that GameStop was looking to restructure into video game/table top store where people can gather weekly for board game nights. We have a few local places in my area that do this, but GameStop would have an advantage with their used game prices over the local places. GameStop hit the double whammy of having bad leadership then COVID hit when they were in the middle of restructuring. 

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13 minutes ago, sactowndog said:

Those are etf’s.  Not people. 

It's both.  Aren't ETF's people?  Anyway, it has been an amusing week.  The dumbasses who made such irrational short bets deserve an Enron like implosion.  Hopefully they at least stayed on the right side of the law as to criminality.  Hopefully class actions form to take out bad actors who impaired investors ability to trade on their platforms.  

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11 hours ago, CPslograd said:

Sony and MS sell online direct, and essentially every console owner has a subscription.  How is Gamestop supposed to compete with that?  The amazing thing is they did as well as long as they did.  Gamers were very reluctant to move away from physical games.  It was expected to happen an the onset of the PS4 and Xbox1 generation, but it didn't happen.  Now, it is finally happening, and Covid is hasting it.

Not trying to pick a fight, but their situation is a little different than Blockbuster.  Blockbuster should have seen it coming, and could have been Netflix before Netflix was Netflix.  But since Sony and MS always had their own digital stores, it's not quite the same situation.

If Gamestop is going to survive as an independent entity, it will have to be as an "experience" product/destination.  Somehow, they will have to become an EGaming venue and find a way to monetize that.   Either that, or they could become some sort of trading/used game/console site, like MPB.com is for cameras.  But I don't see how they are positioned to do that, a startup would have a better chance at that, and it wouldn't have the market cap of Gamestop regardless.

 

Blockbuster missed multiple times. They were late to the DVD-by-mail model, late to DVD-rental kiosks, late to streaming, etc. They let others become "the brand" in those models.

In my mind Blockbuster's executives saw their business as mainly a corporate and franchise brick-and-mortar company instead of a larger home-entertainment model. They were always slow to adjust to new delivery models.

It is the same type of executive mistake I see with Sears. Their catalog business supplied an exiting infrastructure for home order/delivery fulfillment that should have allowed Sears an easy transition of that operation to the internet. Instead Sears' executive team missed the consumer behavior change.

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3 hours ago, FresnoFacts said:

 

Blockbuster missed multiple times. They were late to the DVD-by-mail model, late to DVD-rental kiosks, late to streaming, etc. They let others become "the brand" in those models.

In my mind Blockbuster's executives saw their business as mainly a corporate and franchise brick-and-mortar company instead of a larger home-entertainment model. They were always slow to adjust to new delivery models.

It is the same type of executive mistake I see with Sears. Their catalog business supplied an exiting infrastructure for home order/delivery fulfillment that should have allowed Sears an easy transition of that operation to the internet. Instead Sears' executive team missed the consumer behavior change.

Remember how huge Blockbuster was in the late nineties?

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Here's a look at the main tactics that the hedges have been using to try and keep the price down. Well, outside of the media and other manipulation tactics like brokerages not allowing sales.

https://seekingalpha.com/instablog/11442671-gerald-klein/3096735-anatomy-of-a-short-attack

http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html

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It's there something to this this whole thing that's a little Q? Taking down the elite cabal of corruption and all. Being in on the movement that changes everything? 

People are really hungry for this stuff right now.

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22 minutes ago, toonkee said:

It's there something to this this whole thing that's a little Q? Taking down the elite cabal of corruption and all. Being in on the movement that changes everything? 

People are really hungry for this stuff right now.

Yes.

But one is based upon a real perceived problem, market inequality, and one is based upon total nonsense. 

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8 minutes ago, toonkee said:

It's there something to this this whole thing that's a little Q? Taking down the elite cabal of corruption and all. Being in on the movement that changes everything? 

People are really hungry for this stuff right now.

A LOT of people have gotten ****ed over this last year and whenever they look on the news they see small businesses closing, people out of work, kids stuck at home, people dying alone in hospitals, all while the corporate elites are raking in billions. The sad part from this is that nothing is going to be done. It will be like 2008 all over again, there will be an investigation and a scapegoat will go to jail for a short time and be quickly forgotten about. No lessons will be learned and the phuckers on Wall Street will just find another way to manipulate the system while passing legislation to shut out the little guy. Nothing will change, unless there is someone within the power structure has the balls to take a stand against them.  

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There’s more than a little stubborn resentment based on perceived grievance that has become a cultural line of demarcation. But the reason why this works, is so effective, is there were companies with bad fundamentals that had overextended themselves and people invested their capital accordingly. 

We’re all sitting in the dugout. Thinking we should pitch. How you gonna throw a shutout when all you do is bitch.

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11 minutes ago, thelawlorfaithful said:

There’s more than a little stubborn resentment based on perceived grievance that has become a cultural line of demarcation. But the reason why this works, is so effective, is there were companies with bad fundamentals that had overextended themselves and people invested their capital accordingly. 

The thing that's different is the coordination/cooperation that was only made possible by the internet.

I'm sure these types of situations have existed before but even if a handful of people were aware, no single person had the ability to "attack" these positions. Or the ones with the ability had no desire because they're part of the system. It took years but finally the synergy coalesced and here we are, a market changing event. 

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Just now, renoskier said:

The thing that's different is the coordination/cooperation that was only made possible by the internet.

I'm sure these types of situations have existed before but even if a handful of people were aware, no single person had the ability to "attack" these positions. It took years but finally the synergy coalesced and here we are, a market changing event. 

Yep. Well there was this type of coordination possible. It’s just that it was placed in the hands of a few people at hedge funds to make the decisions.

We’re all sitting in the dugout. Thinking we should pitch. How you gonna throw a shutout when all you do is bitch.

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5 hours ago, retrofade said:

Here's a look at the main tactics that the hedges have been using to try and keep the price down. Well, outside of the media and other manipulation tactics like brokerages not allowing sales.

https://seekingalpha.com/instablog/11442671-gerald-klein/3096735-anatomy-of-a-short-attack

http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html

Unbelievable:

 

It is estimated that 1000 small companies have been put out of business by the shorts. Admittedly, not every small company deserves to succeed, but they do deserve a level playing field.

The secrecy that surrounds the shorts, the prime brokers, the DTC and the regulatory agencies makes it impossible to accurately estimate how much money has been stolen from the investing public by these predators, but the total is measured in billions of dollars. The problem is also international in scope.

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