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GameStop’s Most Loyal Shareholders Are in It for the Long Haul, Not the Memes

They held when the stock dropped earlier this year and have been rewarded as it recently topped $250. Investors will be closely watching this week’s earnings report.

6/6/2021 2:00:00 PM

GameStop’s stock has come back from a steep fall earlier this year, and investors are eagerly awaiting this week’s earnings report and clues about the company’s future

They held when the stock dropped earlier this year and have been rewarded as it recently topped $250. Investors will be closely watching this week’s earnings report.

June 6, 2021 5:30 am ETBy the time Robert Misener heard about GameStop Corp.’s frenzied rally in January, the meme stock was already well on its way to becoming a national sensation. For the 50-year-old Florida resident, it was a signal to buy.Mr. Misener, who in the past had largely invested in blue-chip companies, was gripped by a fear of missing out and excited by talk of squeezing hedge funds. He pulled the trigger, near the top, buying as high $349.48 a share.

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Then, the videogame retailer’s stock crashed—and crashed hard. Within days, it appeared Mr. Misener’s hopes for big gains had evaporated.Mr. Misener’s story could have ended there. Instead, in February, as GameStop’s stock careened toward $40, Mr. Misener did what at the time seemed unthinkable: He kept buying. Amid the wreckage, he started discovering there was a lot to like about GameStop, he said. He bought in again, and again—seeing it as an investment in the company’s future.

Today, Mr. Misener has earned more than $18,500 in paper profits from his GameStop position, buoyed in part by a surprise resurgence in meme stocks over the past two weeks. GameStop, AMC Entertainment Holdings Inc. and other stocks popular with individual investors on social media have soared and swung wildly in recent sessions, even as the broader stock market has been stuck in place. headtopics.com

Read more: The Wall Street Journal »

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These people don’t care about earnings!! They only care about 🚀’s Beware Mammon, WSJ! He offers everything, takes all, and gives but crumbs...and death! NakedShorts NakedShorting AMCSqueeze amcshortsqueeze I Buy n Hold because, until naked short ladder, algorithmic high frequency trades, wave attacks from DARK pool, Dark Fiber OTC markets get exposed, STOPPED and MADE TO COVER ILLEGAL TRADES, OUR MARKETS ARE NOT Free n SAFE

We put these eight meme stocks through a rugged analytical test. Which are poised for growth and which have big downsides?AMC, GameStop and Nokia are lumped together, but not all meme stocks are alike — whether you are a day-trader or a long-term investor. $BB isn't a meme stock ... BlackBerry is the leader in AI driven security technology which you can find in millions of technical devices ... $BB is for the long-term! take a look at RMED could pop big low float $RMED 38% short 3.2m outstanding shares ave volume 1.78m today volume over 11m traded today $16m market cap - $4m revenue $15m cash / $4m debt $MVIS is a MEMS stock not a Meme stock.

We put AMC, GameStop and other meme stocks’ numbers to the test — here’s which ones came out on topAMC, GameStop and Nokia are lumped together, but not all meme stocks are alike — whether you are a day-trader or a long-term investor. Up 1000% YTD... Sound good to me investinyou AMC500k amcshortsqueeze NakedShorts GMESqueeze I didn't invest in Google because I thought it was a 'fad.' I was wrong but not sorry. I got to sleep at night.

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