In many of the GTA subreddits I'm a part of I keep seeing thing come up and the posts keep getting taken down. It's all generally along the same line of "I'm going to buy $XXXX of TTWO stock and sell it after it jumps once GTA:VI comes out. While this strategy could work, you're going to need more than the $1000 or $2000 necessary, way more.
Note: If you're one of those "GTA:VI is priced in." people, kindly keep that out of the comments. It's not, and I'm not debating it with you.
Scenario:
Right now $2000 gets you 10 shares of TTWO (rounding up to $2180 so you can buy 10 full shares.) By my math (and in my tax situation, assuming we're taking short-term capital gains taxes), I would need the stock to go from $218/share to $300/share to profit the $632 cost of the cheapest PS5 (sales tax included) and the short-term capital gains taxes from the sale. That's a 32% jump or $20/share more than what Bank of America has predicted is the top-end, and $39 more than the stock's all-time high.
Can it be done? Sure. Are you better off finding another way to make that $632? Probably.
Thank you for coming to my TED talk.