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Just because GME-as-ownership-unit may be overvalued, does not necessarily mean it is overvalued for GME-as-contract-closure-instrument.

If you want to focus on GME-as-ownership-unit, as a share in a retail business, that's perfectly valid. But that's not the only perspective.




That's actually a good point, at the same time, in the bigger picture, it's market chaos and nobody wants it.

Basically, mobs are fighting against hedge funds using random companies as battle grounds - the markets are there to support those companies, not destroy them.

So what we are seeing is kind of an inflection point that the system wants to tamp down.

It's actually pretty distressing to see how many intelligent people think they are doing some kind of good here, like burning down a few stores to force the owners to leverage some kind of fire insurance policy to destroy the 'evil insurers'.


> the markets are there to support those companies, not destroy them.

The shorts were the ones destroying Gamestop, though.




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