I entered GameStop as a contrarian play after the stock fell to its 52-week low at $18.44, which I see as an attractive entry point for a speculative position. With a current P/E ratio of ~14x and recent developments around CEO Ryan Cohen’s potential withdrawal of an unsolicited takeover bid of eBay for $56 billion could provide an upside catalyst (though we may not see Jan 2021 numbers again - that was when I just started investing - what a short squeeze). TO THE MOON 🚀🚀
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