Mar. 10th, 2021

dennisgorelik: 2020-06-13 in my home office (Default)
Irresponsible GME traders jeopardize my GME price prediction forecast

My forecast suggested that GME will have long-term decline (down to $10), but GME repeatedly trades at $300+ (GME is at $347.00 now)
If GameStop company has multiple opportunities to recapitalize at $300+ per share, then there is no reason for GME price to drop significantly below $100 in the next few years.

My GME forecast mistake hints that I significantly overestimated the impact of crazy money on the stock market.
People have so much easy money available, that they are making big bets on pump-and-dump games [such as "GME short-squeeze" and Bitcoin].

If there is too much crazy money available, then we will likely to have another stock bubble ahead of us.

S&P 500 is likely to reach above 4000 in the following few weeks.

Roblox IPO

Mar. 10th, 2021 01:50 pm
dennisgorelik: 2020-06-13 in my home office (Default)
RBLX market cap is ~$47.5B = 652 million outstanding shares * $72.88/share

Update:
I, probably, will not buy RBLX.
I think that Roblox game popularity is likely, already, close to the maximum.
My son Timothy (12 year old) (who informed me about Roblox IPO at $46 yesterday) - does not play Roblox anymore (in theory, Timothy likes to play Roblox, but he plays other games now, which is a hint about oncoming Roblox decline).

Traffic chart suggests that there was ~2.2% adjusted traffic growth between January and February no growth in roblox.com web traffic in February 2021:
https://www.similarweb.com/website/roblox.com/

February is 10.7% shorter than January, so 8.5% decline in traffic [from 900,500 in January to 830,000 in February] indicates 2.2% January->February traffic growth.

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dennisgorelik: 2020-06-13 in my home office (Default)
Dennis Gorelik

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