Simple Truth

Will be interesting to see what happens going forward with $GME. For so many in this community, this was the line in the sand. This was the test to see whose interests @GameStop management was working on behalf of. Perhaps letting warrants expire worthless was part of a bigger plan that retail doesn’t understand, one that will come to light later – but retail investors are the group who took on the brunt of burden and sacrifice to keep this thing alive when it was on the brink. Many saw these warrants as a gift to reward their loyalty. And many of them see the decision not to extend the expiration, or to use buybacks to inject shareholder value as a slap in the face, or even a message that their years long commitment to this movement isn’t valued. Personally, I’m on the fence. Naming the warrants “Project Genesis”, and the bonds “Project Wee” and “Project Rocket” struck many (including myself) as compelling. There have been other anomalies and coincidences along this journey that have understandably been interpreted in a similar way. Maybe we are all just crazy for ever letting these thoughts enter our minds. To whatever degree any of us have allowed ourselves to get caught up in the hype and conspiracy theories, that is on us. It’s not on @ryancohen . It’s not on whoever is behind the @TheRoaringKitty persona. It’s not on @greg16676935420 . It’s on the one holding the mobile device you are currently looking at. Making investment decisions based on anything other than sound fundamental and technical analysis has proven time and time again to be fruitless. Tin does not pay, it only provokes engagement. As for me, I like the stock. I own, and will continue to hold a large position – but I will be pulling back from engaging with this saga at the level I have been. Not going away, just shifting focus. I admit that I’ve gotten caught up in the hype at times, and I have made some bad decisions as a result. Thankfully I’ve always been committed to risk management and diversification. Be safe.