{"id":506,"date":"2021-02-01T00:00:00","date_gmt":"2021-02-01T00:00:00","guid":{"rendered":"https:\/\/www.retirementrefined.com\/index.php\/2021\/02\/01\/gamestop-hmmm\/"},"modified":"2021-02-01T00:00:00","modified_gmt":"2021-02-01T00:00:00","slug":"gamestop-hmmm","status":"publish","type":"post","link":"https:\/\/www.retirementrefined.com\/gamestop-hmmm","title":{"rendered":"GameStop… Hmmm?"},"content":{"rendered":"

GameStop<\/b>, how do I really feel<\/b>?\u00a0 <\/span>Typically, I think through the legal, ethical and moral issues around events.\u00a0 <\/span>As of this morning, I can honestly say I\u2019m not sure where I stand.<\/p>\n

I certainly believe in investing money in stocks to increase your wealth<\/b>.\u00a0 <\/span>Purchasing companies that you believe will increase market share<\/b>, companies trading as a \u201cvalue<\/b>\u201d, or pure speculation<\/b>.\u00a0 <\/span>I also believe if you think a company will be losing market share or faltering, placing a short position to profit or hedge the stock for your portfolio is sound investing. \"\"<\/p>\n

When a bunch of investors get together for the pure purpose of profiting from forcing people to cover their short positions…. I\u2019m not sure yet how I feel.<\/p>\n

This morning as I\u2019m typing, GameStop is trading in the pre-market at $325\/share.\u00a0 <\/span>The stock has increased 399% in the last 5 trading days alone<\/b>, with a 52-week range of a low of $2.57, to a<\/b> high of $483\/share<\/b>.\u00a0 <\/span>Take a peek at their financials and you\u2019ll see that GameStop will need to actually start doing an abundance of business to justify a value anywhere close to $325\/share!<\/p>\n

I\u2019ve made a note that GameStop will report earnings on 3\/24\/21<\/b>.\u00a0 <\/span>Perhaps then, I\u2019ll know where I stand.<\/p>\n

We, the United States, need our massively large and talented Millennial generation to innovate.<\/i><\/b>\u00a0 <\/span>We need you to help the US compete with China, Japan and other countries who so<\/b> badly desire to take global market share from us<\/b>.\u00a0 <\/span>We need innovators<\/b>, such as Gates, Jobs, Zuckerberg, Musk and so many others who were the originators of technologies that changed and continue to improve our lives.<\/p>\n

Stocks Falter \u2013 Presidential Cycle?<\/b><\/p>\n

Last week was not pretty for non-GameStop investors, as the major United States and International Stock indexes were down 3 to 4% for the week.\u00a0 <\/span>Hey, we are so overdue for a pull-back, however I\u2019m not predicting a full correction is eminent.<\/p>\n

\"\"<\/p>\n

Typically, the 1st<\/sup> year a President is elected<\/b> is the weakest for stock market performance as the theory suggests.\u00a0 <\/span>It takes time for the new policies to take effect and have impact in the economy.\u00a0 <\/span>Will this hold true with President Biden?\u00a0 <\/span>As always, time will tell!!<\/p>\n

Investors are now absorbing a lot of information<\/b>, very quickly.\u00a0 <\/span>Reports of our Coronavirus Vaccine progress, additional stimulus<\/b>, a proposal for increasing income taxes<\/b>, businesses<\/b> and individuals who are still bleeding<\/b>, politics,<\/b> and now add to the pile — GameStop!<\/p>\n

Market Volatility may be heightened for awhile.\u00a0 <\/span>Please, do not let the news or social media deter you from maintaining your diversified, personalized investment strategy based on the specifics of your situation.<\/p>\n

As always, if you\u2019re a non-client who would like to discuss your situation, please do not hesitate to reach out.\u00a0 <\/span>We continue to offer complimentary consultations.\u00a0 <\/span>Please click here to schedule<\/a> yours!<\/p>\n","protected":false},"excerpt":{"rendered":"

GameStop, how do I really feel?\u00a0 Typically, I think through the legal, ethical and moral issues around events.\u00a0 As of this morning, I can honestly say I\u2019m not sure where I stand. I certainly believe in investing money in stocks to increase your wealth.\u00a0 Purchasing companies that you believe will increase market share, companies trading […]<\/p>\n","protected":false},"author":3,"featured_media":507,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"post_statement":"","post_description":"","post_cta":"","post_button":"Read More","post_button_url":"","compliance_id":"","post_disclaimer":"","footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts\/506"}],"collection":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/comments?post=506"}],"version-history":[{"count":0,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts\/506\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/media\/507"}],"wp:attachment":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/media?parent=506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/categories?post=506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/tags?post=506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}