this post was submitted on 19 Feb 2025
477 points (97.6% liked)
Games
17605 readers
1289 users here now
Video game news oriented community. No NanoUFO is not a bot :)
Posts.
- News oriented content (general reviews, previews or retrospectives allowed).
- Broad discussion posts (preferably not only about a specific game).
- No humor/memes etc..
- No affiliate links
- No advertising.
- No clickbait, editorialized, sensational titles. State the game in question in the title. No all caps.
- No self promotion.
- No duplicate posts, newer post will be deleted unless there is more discussion in one of the posts.
- No politics.
Comments.
- No personal attacks.
- Obey instance rules.
- No low effort comments(one or two words, emoji etc..)
- Please use spoiler tags for spoilers.
My goal is just to have a community where people can go and see what new game news is out for the day and comment on it.
Other communities:
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
guess it's time to finally sell my GameStop stonk.
Carbon hands, everyone.
I sold all mine the second he started tweeting about trump. Good riddance.
i made $5 from years of holding 😂 quickest sell of my life
I lost $300 bucks but here's what I gained: I stuck it to the man in 2021, and I am sticking it to Ryan Cohen today.
I bought a share at $350. Still holding. Tbh it's just not worth the effort of resetting my Robinhood password to sell it.
Even if it's not worth it to you personally, it's still a good deed to sell stock in a company when their CEO does something like this. Every sell sends a small message.
I assumed it'd be good for them in some way if I sold (I don't understand stocks). If it sucks for them even a little I'm selling.
You're just selling to some roaringkitty fanboy the actual company couldn't care less. If you're in a 350 you may as well hold it on the off chance something weird happens and you could break even.
Or, you can sell at a loss for the tax benefit, but that only applies if you have capital gains to use it against. So if you find one year you make some money off some other stock that would be a good time to sell the GME at a loss.
I agree that selling a $100 stock doesn't hurt the company $100 -- but it does hurt them some amount between $0 and $100 which I don't feel qualified to calculate. The ultimate reason that stocks go down is because people sell.
After the stock is sold by the company it's completely disconnected. No money to or from the company, no message sent. The only way it'll hurt them is if they try another offering where they sell new shares and the stock price is low, which will be announced beforehand. Or if they want to buy them back, which probably won't happen.
Keep the shares or sell them. GS won't care.
I agree they won't care about 1 stock, but the board absolutely cares if many people start selling below what they believe to be market value
Large traders have different rules and prices than us plebs. Our trades don't even reach the market places, they're being internalized by brokers, who were the ones not actually selling you an actual share to begin with. They'll be happy to take your loss without affecting market prices in the first place.
An unfair market place is what the whole diamond hands thing is about. So no, I don't think board members care what us small investors do.
A sell doesn't happen without a buyer on the other end. It's a wash when it comes to messaging.
it's not a wash, because you sell for a different price than you bought at.
I'm not saying it's a wash in terms of price. Instead, I'm saying it doesn't send a message through some tally of sells for the day, because buys and sells are at a 1:1 ratio.
Oh yeah, definitely. I didn't mean about a tally of sells.
... and I'm out of this thing now too. Glad I caught this post.