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trinken wir

Member Since 24 May 2009
Offline Last Active Today, 04:00 PM
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#14380928 The Gamestop Thread

Posted by trinken wir on 27 February 2021 - 03:40 PM

I like to CAG as much as the next guy but Jesus Christ fella. You’re talking about less than 3 bucks after tax. It’s not like you can flip 100 of these for $300. Anyone that is dealing with GameStop in order to make 3 bucks times 4 copies needs to re-examine their life choices.


Seriously, dont be a jerk with the life choices crap. Lots of people are under employed or are out of work right now. Lots of people with advanced degrees have been on rolling furlough or taken salary cuts.
Figuring out how to buy a future dollar for less than a dollar is root of investing and your "life choices" We all have a different threshold of what makes sense right now.


#14373654 The Gamestop Thread

Posted by trinken wir on 27 January 2021 - 07:28 PM

No matter what happens, Gamestop is fu*kin' SAVED.

 

They should issue an offering of a few million shares and gain a billion in capital. 

 

No way they can die now. This is their lifeline.  They are currently a $22B company. I was just thinking back about rumors of Amazon buying out Gamestop.  If they would have done that, retail traders wouldn't have gotten this money, but Amazon instead.

 

Gamestop bought back 34 million of their shares at $5.14 average couple of years ago. And now it's at $300+.  Because they knew they would weather the storm.  All those people crapping on Gamestop now, are eating their words.  Their book value would remain high due to the money; they literally can't go back down to $5 based on fundamentals or fair value.

 

This is good for us, because Gamestop can be seen as a threat -- so it's possible others like Best Buy and Amazon may have to do more to compete (bring back GCU).  Shifting the market share to include a retailer like Gamestop, is better for us. Unless Amazon and BB can afford to let the video game business go elsewhere... we'll see.

I am going to jump in with a PSA, after saying congrats to Davem you held out longer than I could to hit today's price. I did score a 12 fold return in my ROTH IRA on GME so no taxes sweetens the deal.

 

The stock price has nothing to do with the company at this point. If GameStop could issue stock today to reap the benefit of the current price they would. It may keep going, but most likely it will correct to better reflect the actual company. Wall Street is getting battered right now, but I suspect the little guys are the ones that are going to lose out on the way down. Take your profits if you are in or at least part of them, no one hits the tops or the bottoms of the market. I am sure most people trading for a living have trade triggers set for the fall and this stock can and probably will drop just as fast as it shot up.




#14356726 Playstation 5 Re-stock Thread

Posted by trinken wir on 03 December 2020 - 05:59 PM

Oh I know they don't care, doesn't make them any less stupid for doing so. Sounds like they were gone so fast anyway that even if it had been tweeted, it would be too late.


Honestly it makes perfect sense to release these in off hours. They will sell whenever they go up, but putting them up early in the morning is less likely to crash the site. Most of these companies only derive a tiny portion of sales from video games. They lose money when their site is down (probably way more than they make on low margin consoles).

You will get your console keep trying!


#14356340 The Gamestop Thread

Posted by trinken wir on 02 December 2020 - 09:22 PM

I like how eStarland does their trades. They offer different amounts depending on how complete the game is when you trade it. Plus, when you go to buy a used game they specifically tell you what's included with it as well (case, manual, extras, etc).


Estarland is great because you know what you are getting and they have good quality control. Only thing that sucks is the $100 minimum to trade stuff in to get free shipping label. They give you some shipping credit if you are under $100, but it never actually covers the cost to ship.


#14356133 The Gamestop Thread

Posted by trinken wir on 02 December 2020 - 02:39 PM

Thanks for the quick reply! That definitely makes sense. I'll check in person later today.


I picked up my Doom preorder last week and had no trouble ~8 months after release. It was also not showing up in the app. You should not have a problem.


#14355820 Playstation 5 Re-stock Thread

Posted by trinken wir on 01 December 2020 - 07:55 PM

Not defending the practice of selling the ps5 box in the hope for it be bid up. As someone that buys empty cases with cover art to complete games, I think so long as the listing is clear i.e. box only, no console etc over paying is 100% on the person placing the bid. If the seller is being deceptive and adding pictures of stuff not included, different story. I looked at a few box only listings and the pictures are of the box and often the box is clearly open.


#14355686 The Gamestop Thread

Posted by trinken wir on 01 December 2020 - 04:17 PM

Do they charge you a refurb fee for trading in a game with a busted case?


You should not get hit with a referb fee. Someone in here was saying that GS is going to start requiring cases on trades a few weeks ago, but I do not think there is any confirmation that will happen. I kind of doubt it will, but would honestly be in favor of it.


#14354244 The Gamestop Thread

Posted by trinken wir on 28 November 2020 - 04:11 PM

Pretty sure you don't even need to do that- the last time I was there, they were able to punch in my phone # and look up what offers I had on my PowerUp Rewards account and apply it. I honestly didn't even know I had one so that was a surprise.

But as another user said, it's only good for one item and when I purchased, I had a $13 so the employee told me to not use it unless I wanted to lose out on the remaining $17.


They can either scan the barcode on your phone or use your phone number both will work.


#14354214 The Gamestop Thread

Posted by trinken wir on 28 November 2020 - 03:34 PM

Perfect, so I can just show them the code on my phone and have them enter it?


Yes, but i think it has to be used on one item.


#14354128 The Gamestop Thread

Posted by trinken wir on 28 November 2020 - 07:17 AM

COVID resulted in a huge spike in game sales, add in 2 new consoles being released this holiday means good news for GS. I'm still kicking myself for not buying this for $4-5 a year ago... would have been a great flip.


I bought at 3.45 in February with the intention of selling after the consoles launched this month. They have had several interesting announcements recently with microsoft and vizeo, but I am probably still getting out next week.


#14353630 CAG Black Friday 2020 Spreadsheet

Posted by trinken wir on 27 November 2020 - 02:48 PM

It cannot be defined as a number. Think of it more as a problem to accept reality. Ever seen the show hoarders...


Fine line between hoarding and collecting. I clean and alphabetize everything in my game library and keep a spreadsheet (help to prevent rebuys). I hope that qualifies as the latter.


#14353628 CAG Black Friday 2020 Spreadsheet

Posted by trinken wir on 27 November 2020 - 02:42 PM

oh dear lord.. I've got mountains of sealed games going back to the GBA era. I don't think my backlog is at 500 but.. it's damn near close.


Last count I was a little over 2400 games from intellivision to ps4/xone. Reminds me I need to update my spreadsheet.


#14346951 Best buy console trade in

Posted by trinken wir on 14 November 2020 - 11:35 PM

I feel like half the stuff I bought from eBay in the last year was not as described. Nothing like paying for a like new game that is so scratched even gamestop would deny it. Other fun one is what do you mean it has water damage... there is mold growing on the inside of the case and the cover art is rippled and the print is coming off, how do sellers not see this when people post stuff?


#14341114 Free Pinball FX3 - Star Wars for ps4

Posted by trinken wir on 05 November 2020 - 12:21 AM

Sw pinball was a ps plus game on ps3 for pfx2 when the ps4 version came out it was a free upgrade. Then thre was a free upgrade to pfx3.


#14332040 PSN Weekly Deals - 2/10: Big in Japan Sale ends 2/25, Critics' Choice Sal...

Posted by trinken wir on 03 October 2020 - 09:44 PM

It's more sim that some other Star Wars games. Most people I see recommend going about 50% speed, especially on the turns to track other fighters, and then punch it to evade.

The good news is that the ships are pretty well balanced for load outs. It's mainly skill based. I have been seeing that the Tie Interceptor may be OP though.


I am an idiot was trying to use roll (left stick) to turn and did not realize you set throttle (up down on left stick) and let go. Much easier to maneuver at less than full speed.