zomgbbqftw
Banned
GMG 0.500 -85.75%
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UK Retailer GAME is dead | Brera's Lament
- Thread starter CrunchinJelly
- Start date
- Status
Keyser Soze
Member
MrNyarlathotep
Banned
They're too big to fail
AAARGHHHHH!!! .5p!!!
I should have sold at 9-
SELL SELL SELL
Keyser Soze
Member
AAARGHHHHH!!! .5p!!!
I should have sold at 9-
Nobody gets off the bus!
Throwaway123456789
Member
Oh snap!
Reuters:
Game warns it could be game over
http://www.reuters.com/article/2012/03/12/us-game-idUSBRE82B0B220120312
Reuters:
Game warns it could be game over
http://www.reuters.com/article/2012/03/12/us-game-idUSBRE82B0B220120312
It can't get much more terrible really. The shares are now effectively worthless, currently at 0.5p, a company value of £2.6m.
Frankly, it's now a case of when GAME call it really.
To Brera: I'm not entirely without sympathy to you, I can see where you were coming from, but the risk of bottom feeding shares is clear. Where there is smoke, there is fire and while sometimes shares are unfairly discounted (Banking shares at the moment are carrying the burden of the entire Eurozone crisis) in cases like this, there is good reason for the lack of confidence in GAME Groups equity.
Better luck next time!
zomgbbqftw
Banned
When this is all over I will tell you about the day a colleague and I provided consultancy services for Game on digital and internet expansion. My earlier posts about Game's lack of digital strategy didn't come from nowhere. Until Game are declared bankrupt I can't talk about or I will be in breach of confidentiality clauses, but once they are gone, those clauses are also done.
Keyser Soze
Member
I think they will break 1.00 again (which means nothing, although it would be nice)
This is a better game than Mass Effect
fuck man!! short term trading you could make a killing? just bounced 35% in seconds?
i could put my rpg grinding skills to work on this shit?
I've added £50 to my shares account.
Next time it goes down to .5pish...I'm gonna stick another 50 in! will get me another 8000 shares! I'll take the gamble!
i could put my rpg grinding skills to work on this shit?
I've added £50 to my shares account.
Next time it goes down to .5pish...I'm gonna stick another 50 in! will get me another 8000 shares! I'll take the gamble!
I think they will break 1.00 again (which means nothing, although it would be nice)
This is a better game than Mass Effect
I don't know why but I'm hearing Tripple H's theme song every time I check the share price.
I need 6.9p
Keyser Soze
Member
Go 1p... you can do it, Puuuuuuuuuush!
Mr. Luchador
Member
Think I'm going to dress like someone fro Fallout and raid the GAMES where I live today. I hope they appreciate the effort and the little hint of artistic irony.
Keyser Soze
Member
Maybe this is for the best
awanderingsoul
Member
They been suspended?
Mr. Luchador
Member
They're going back up (again).
CadetMahoney
Member
thread is hilarious.
zomgbbqftw
Banned
1.04
Keyser Soze
Member
1.04... they are "saved"
It's been a journey. Gota get archived status.
CrunchinJelly
formerly cjelly
I wonder if they last until the end of the day.
Keyser Soze
Member
It was 0.50 and is now 1.07!
GAME is 50% better than it was 30 minutes ago!
LOGIC!
GAME is 50% better than it was 30 minutes ago!
LOGIC!
zomgbbqftw
Banned
It looks like we've settled at around 1p for the rest of the day. Unless we get news that either the company is being sold (unlikely) or that the management have done a deal with the creditors and suppliers to write off around £100m worth of debt and trade credit it is likely that the stock will remain in the 1p territory until the administrator is called in.
killer_clank
Member
A truly stunning recovery of the share price there. from half a penny to.... a penny.
Also zomg I've always wondered this? Who decides the share price? Does someone just sit at a computer all day and change it? I DON'T UNDERSTAND. How does it change from minute to minute like that?
Also zomg I've always wondered this? Who decides the share price? Does someone just sit at a computer all day and change it? I DON'T UNDERSTAND. How does it change from minute to minute like that?
zomgbbqftw
Banned
On a £50 stake you would have made £8. How much commission does your broker charge? surely more than the profits?
Cheesecakebobby
Banned
It's like Deal or no Deal when they reject a good offer and then open all the red boxes and feel they should stick it out to the end, finally leaving with 1p.
Or 0.5p
Or 0.5p
Keyser Soze
Member
I think it's the price that the last deal went for.
Every time the price changes, it's a buy or a sell?
Are you Nick Leeson?
Mr. Luchador
Member
... shouldn't you know this.
Glad to see you're on the ball, dude.
zomgbbqftw
Banned
Supply and demand. If demand is good the price goes up, if it is poor the price goes down. That is basically how it works.
Think about it like an auction. If an item goes up for sale and there are a large number of interested people, the bidding will be fierce and the end price will be high (share price goes up). If an item goes up for sale and there are only a few interested parties then the auctioneer will keep cutting the price to get more people interested in bidding (share price goes down).
industrian
will gently cradle you as time slowly ticks away.
0.997
BUY BUY BUY!
BUY BUY BUY!
That's what I thought.
My £500 is worth £70, so fuck it, I'll stick another £50 in and see what happens.
I'm gambling on a HMV style save. They were at 1.something p one minute and ended the day 800% up!
Fingers, toes, penis crossed! I'll either rise to the heavens or fall to hell!
0.997
- Status