tuesday Feb 2 2021

Tuesday Feb 2 2021 Screen Shot 2021-02-02 at 11.23.31 AM

Not the total disconnect between. thee stock price and the actual company.

The retailer reported a $19 million loss in the most recent quarter, even as the ongoing pandemic helped lift the overall industry to record highs. Sales have fallen for 10 of the past 11 quarters, with the most pronounced declines occurring in 2020, when the overall sector grew 26%, according to NPD Group. GameStop has not turned a profit since 2017 and has gone through five chief executives in that time. Its current CEO, George Sherman, who formerly led Advance Auto Parts and Best Buy Services, took over in April 2019.

https://www.sandiegouniontribune.com/business/story/2021-02-01/gamestop-struggles-to-stay-afloat-despite-stock-surge

the original book on this topic was written I believe in  1836 – 1842.

It details the Holland Tulip Bulb Craze in  1636, the South Sea bubble and mississippi schemes of  1720.

Read those stories at this link

 

https://en.wikipedia.org/wiki/Stock_market_bubble

nothing new under the sun.

Screen Shot 2021-02-02 at 11.18.52 AM

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