GameStop, unlike traditional stocks that are pumped and dumped, has not gone down to its original price. It currently hovers by multiple factors over its previous 2020 valuation. It has been almost a year and the price has stayed consistently higher, albeit the fact that video game stores are underperforming relative to their 2000s cashflow numbers. How can this be explained?
More on Searchfunder
Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
There are a number of articles that go into the mania, but part of it can be attributed to that "Hold" culture within all the investing craziness. There is definitely not much value going into the current price from a technical analysis standpoint.