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Anyone here join in on the GameStop, Inc stock frenzy?
- Thread starter Boondocks
- Start date
Pump and Dump is a supply side stock phenomena.
GME is a demand event.
lol, good guess, but not quite for the correct reason.
How much you buy in at?
Not much because I'm a total newcomer at this and this terrified. Put in $8 when Stash was reading it at 4-something.
Technically I thiiiiink AMCX was the over-shorted one (I'm still not 100% sure), but somewhere along the line the meme/hype was pointing to AMC, so that's where all the trading is (or was, given the halts) happening.
But AMC just sold off a shitton of its shares into the market, so any squeeze is gonna be tough(er) regardless.
Ticker symbol for Naked Juice company. This is getting silly. I don't know if people are hyping up random cheap stocks or just looking at short positions.
edit: lol, I was wrong about what NAKD is
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Nah too much fomo for me personally.
I don't expect the percent gain to go much higher than currently (over $300) and not more than 2x in the near term without a pull back.
Especially if you don't plan for going long term on the stock you pay a lot of gains back in taxes.
I don't expect the percent gain to go much higher than currently (over $300) and not more than 2x in the near term without a pull back.
Especially if you don't plan for going long term on the stock you pay a lot of gains back in taxes.
I'm going to let it get to like 1.5x and then set a limit back at like 0.75x when I think the fluctuations might not drop it so low. Its definitely still risky, but I at least feel comfortable that I won't lose my shirt
Sorry but you should be reported for acting like a reddit bot, trying to boost random cheap stocks.
My dude, if you not gonna explain your reasoning, you gonna be ban because you hype up some dollar stock.
If you got to get into capitalism, redistributing wealth from the hedge funds is a good way to go
That's not an incorrect answer
But I feel like you're incorrectly balancing this to be a "both sides" thing.
Also this.
WSB is basically one giant public hedgefund and If you think institutional hedgefunds are only on one side i have a bridge to sell you.
That's when all the people who thought they were playing the hedge funds find out they are the one being played. I think people largely accept that day to day market swings are irrelevant to the actual company.
"My fellow Americans, GameStop needs you all to buy Game Warranties with your game purchases, and please preorder Madden 2022 to make sure that this All American company stays afloat while these hedge funds survive in troubled times."
Exactly you now have a army of retail traders and institutional hedgefunds working side by side to take out competition.
You're welcome
Indeed, now I control the means of production. Eat shit proletariat, gonna exploit the fuck out of you now.
Why are Reddit users buying GME? Is it to screw over the short sellers when they're obligated to buy back the shares but now at a higher price?
Just now, the public has access to that system that made the elites richer during the pandemic