/biz/ - Business & Finance

Investor sentiment towards $GME is so bizarre at the moment. If the company was to seize operations tomorrow and pay out investors, the sum would equal $4 a share. That’s the true worst case scenario. The most likely scenario is CEO Ryan Cohen will turn the company around.
I just don’t see RC as the type of man who will commit a significant portion of his net worth and time for this long only to throw the towel so close to the finish line. I think he will finish the job. If I’m correct then $GME is fundamentally undervalued.
Just a matter of time before others see what I see for the share price to reflect it. That’s my bet. Independent of a squeeze. I believe investor sentiment will pivot and we’ll a mania similar to 2021 with headlines “meme stocks are back?”
The implied volatility within the options chain is still pricing in large swings. Say what you will about the market but one thing that never lies is the IV. No market maker can afford to misprice it. And it goes both ways. Year out leaps pricing in 60% swings.
I can’t help but feel bad for overly bearish investors. I keep seeing the meltdown sub predicting $4 already. What they don’t know is their certainty is only confirmation that the bottom is near.
To me all I see is signs that bears are setting themselves up for the biggest bear trap of all time. I see the bearish flow and the setup for January contracts and I can’t help but question if these bears really know the risk they’re taking.