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GME, AMC, RSTN — Here’s What’s Next as Roaring Kitty Strikes Back

With GameStop on a tear now that Roaring Kitty’s back, you’re maybe wondering if it’s too late to jump in. The short answer is, yes, probably. But that doesn’t mean you have to miss out. There are way better opportunities in the market that come with all the potential upside but none of the massive downside risk you carry when buying into a meme stock. Here we look at one: RDE, Inc. [OTC: RSTN].



Stonks - GameStop (GME)

This isn’t exactly news by now. But, in case you missed it, Roaring Kitty — the famed protagonist in the 2021 GameStop [NYSE: GME] saga — is back with a vengeance.

The net result, as you might expect, is GameStop’s price is headed back through the roof.

And it’s not just GameStop that’s lighting up markets. All the usual meme stock suspects are, at the very least, seeing significant volume spikes, if not outright price spikes. Names like AMC [NYSE: AMC], BlackBerry [NYSE: BB], Tupperware [NYSE: TUP], Koss [NASDAQ: KOSS], Hertz [NASDAQ: HTZ], and SunPower [NASDAQ: SPWR] have all been hit by the action in some way, whether by volume, price, or both.

Basically, if there’s significant short interest in a stock, chances are someone’s all over it.

Of course, if you were late to catch wind of this, there’s a pretty good chance you’re feeling a little bit of the ol’ FOMO (Fear Of Missing Out). And that means, you’re probably asking yourself if it’s too late to buy in.

The answer to that is “yeah, probably”.

Now, don’t get me wrong. I’m not claiming to have some magical crystal ball that can predict the effect a bunch of internet memes is going to have on a stock.

Maybe GameStop’s going to the moon this time. And maybe it’s not.

But here’s one thing I do know — when all the hype dies down (and you can bet it will) one thing’s inevitable.

There’s gonna be a massive crash.

And that’s alright. There are plenty more fish in the market. There are even some that could make you just as much as a GameStop rally, without all the downside risk of a meme stock.

In fact, you don’t even need to play the markets to profit a little from the GameStop hype (more on that soon).

So let’s take a quick look at why you don’t wanna park your dollars in the latest meme stock super cycle, and where you should probably park your dollars instead.

Here’s what’s ahead:

  1. Why you shouldn’t buy GameStop [NYSE: GME] now.
  2. How you can still get a little something out of the GameStop saga without buying the stock.
  3. What stock you should buy instead (sneak peek, it’s RDE, Inc. [OTC: RSTN].

1) First Comes the Rise. Then Comes the Crash. Why You Shouldn’t Buy GameStop Now

For anyone who’s forgotten how the last meme stock super cycle played out, here’s a quick recap of events.

Around 2019, Reddit [NASDAQ: RDDT] user u/DeepF***ingValue started posting a series of “GME YOLO” (GameStop, You Only Live Once) posts showing off his long positions and call options on GME. He also started making a bull case, basically claiming the company was undervalued.

GME YOLO update following “nightmare” Q3 earnings report. Did I sell? Y’all for real? I added
byu/DeepFuckingValue inwallstreetbets

Fast forward to January 2021, and the same general mania that had taken over everything from stocks to crypto hit. Suddenly everyone piled in, and GME spiked hard and fast.

And then it came crashing back down. Anyone who got in late lost big.

Of course, between that, Robinhood [NASDAQ: HOOD] suspending trading on GameStop [NYSE: GME], and a bunch of other stuff, conspiracy theories soon took over. Soon, Reddit lit up as the idea of pulling off the Mother Of All Short Squeezes (“MOASS”) took over.

GameStop shot up again, but not as much as the first time. And the crash came in fits and starts as the HODLers refused to give up hope.

Basically, aside from a few active Redditors who got in before the spikes happened, most people lost a lot of money. 

And the same will happen this time around. That’s just how markets work — even with meme stocks. Any extreme movement not backed by fundamentals is always followed by a big correction.

And GameStop’s fundamentals aren’t great, hence the massive short interest in it.

2) Here’s Where to Get Some “DeepF***ingValue” Out of GameStop Instead

Before we get to the good part — the stocks you should buy part — here’s something that crossed my radar when looking into this. (You’ll see why it crossed my radar soon.)

Right now, discounted gift card platform is running a timely promo on GameStop gift cards.


I don’t think so.

Or maybe it is.

I don’t know.

But here’s what I do know. Coincidence or not, the current promo on GameStop gift cards is all of the following things:

  • Over and above the usual discounts they run year-round (that is, for a limited time).
  • A great way to double up the discounts is by buying the gift cards from first, then taking advantage of GameStop’s own promos later.
  • A great way to get a little something out of this whole GameStop saga without risking your hard-earned cash on a stock that’s probably gonna crash.

Anyway, speaking of stocks that are gonna crash, let’s take a look at one that’s not going to.

3) RDE, Inc. — A Stock That’s Going to the Moon and Never Coming Back

Alright, so I’ve convinced you that you shouldn’t buy GameStop [NYSE: GME]. Now you probably want to know what you should buy instead.

Great question. Let me cut to the chase.

The number one stock on my radar right now for GameStop-like gains without the GameStop-like risks is RDE, Inc. [OTC: RSTN].

That’s the company behind and (And now you see why the promo above crossed my radar. Serendipity’s great, huh?)

As for why it’s hot on my radar, let me give you the short version first:

  1. There’s a ton of fundamentally sound positive pressure built up behind it right now, including a potential Nasdaq uplisting.
  2. It’s a deeply undervalued stock.
  3. There’s a bunch of bullish interest from big-name investors like Todd Boehly and Kevin Harrington (Shark Tank).
  4. If “economic headwinds” hit the US economy, its flagship businesses ( and are primed to do even better as consumers tighten their purse strings.

Here’s a quick look at each point in reverse order.

4) RDE, Inc. Set to Benefit From “Economic Headwinds”

There’s little point repeating all the talking points we’ve been hearing about the economy for a while now. The whole inflation story is still not totally over, consumer sentiment is low, yada, yada, yada.

This isn’t great for a lot of companies with their fingers in discretionary spending markets. Unless, of course, they’re in the discount game.

Then things get very interesting.

This is something we looked at a few months ago when we covered the impact of inflation on eating out.

Essentially, we found consumer “spending intentions” (i.e., how much they were going to spend) weren’t lining up with consumer purchasing habits (i.e., how much they were actually buying).

The basic gist is this:

  • Consumers are looking to spend less on discretionary items like entertainment, dining out, etc.
  • However, they’re also looking to consume discretionary goods just as often, if not more.
  • The net result is a growing demand for discounts as consumers look to spend less but buy more.

Now, this still isn’t great news if, for example, you’re a restaurant that used to be fully booked, but now you have to run discounts to stay fully booked. (Although, maybe it’s not too bad — despite the headwinds, the industry’s on track for its biggest year ever with the National Restaurant Association tipping 2024 will be the first trillion-dollar year.)

But, if your primary business was already predicated on discounts (as and are), then now you’re in for great times. Especially if you’re — between increased demand for discounts and the biggest year ever for food services, things are looking great.

And if things improve on the consumer front, well then it’s just business as usual. After all, discounts never go out of style.

3) Big Time Investor Interest

Usually, when a big-name investor sinks a chunk of cash into a stock, its price goes up. If you don’t know what I mean, just look at what happens as soon as everyone catches wind of where Warren Buffett’s been sticking his grubby little fingers.

But sometimes, these big names do happen to slip under the radar.

This is what happened when Todd Boehly (Eldridge) started snapping up RDE shares [OTC: RSTN].

He ended up with an 11.8% interest in the company, all while only pushing the price up by a little.

In fact, if we look at the timeline on it, there’s a pretty good chance he bought in at about the same price RDE’s at today. And that means, there’s still some serious upside to this if Boehly’s on the money (and he usually is).

Oh, and did I forget to mention Kevin Harrington (Shark Tank) has shown big interest in RDE, too?

2) RDE, Inc. Is Deeply Undervalued

Remember how we were talking about economic headwinds and consumer spending patterns?

As you might have guessed, RDE’s not the only company set to benefit from this effect.

In fact, there’s at least one company that already has —, which recently got snapped up by Vivid Seats in a $240M transaction, sending its valuation rocketing 6x seemingly overnight.

Here, the story was very much the same as what’s happening with RDE now. Undervalued company + increased consumer demand for hot deals = undervalued company was no longer undervalued.

And if you want me to clue you into a coincidence that’s a little too coincidental to be a coincidence, guess who’s a Vivid Seats [NASDAQ: SEAT] board member?

Yeah, that’s right.

Todd Boehly.

The exact same Todd Boehly who started buying up RDE, Inc. shares at a discount at the exact same time they were closing on the deal.

But that’s just a coincidence, right?

1) Massive Positive Price Pressure Is Building Up Behind Nasdaq Uplisting

The last 12 months have been pretty huge for RDE, Inc. [OTC: RSTN].

And I’m not just talking about everything from above.

Nor the acquisition that’s set the company up for a massive 2024 and beyond.

The icing on top of this cake is the most recent news — the news that RDE [OTC: RSTN] is gearing up for a Nasdaq uplisting this year.

In fact, the application’s apparently already been sent in, which means the wheels are already turning on this one.

Now, as for why this is big, think about it for a second.

If little more than some good publicity can send a stock soaring (like it did with GameStop), then the inverse also applies. That is, a stock living in relative obscurity, like RDE [OTC: RSTN], can see its price held artificially low.

But something happens once you get the Nasdaq name next to your stock ticker.

Way more people start watching.

And when all those extra eyes take a look at RDE, Inc., they’re very much going to like what they see.

When that happens, you can kiss that undervalued status goodbye.


(Featured image by Born2Invest)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

Michael Jermaine Cards is a business executive and a financial journalist, with a focus on IT, innovation and transportation, as well as crypto and AI. He writes about robotics, automation, deep learning, multimodal transit, among others. He updates his readers on the latest market developments, tech and CBD stocks, and even the commodities industry. He does management consulting parallel to his writing, and has been based in Singapore for the past 15 years.