Love it.
Regardless how crazy this GME spectacle is, it’s only a good thing in the long run. All of a sudden a lot of young people who have never invested before are feeling empowered to take control of their financial future and learning a bunch of stuff they otherwise never would have. Democratising the stock market is only a good thing. Sure there’ll be a lot of people with massive losses but in the long term the payoff for society is going to be for the greater good imo
Is it just a fucked algorithm that they will ultimately correct?
Like if a million people look for one share of something will that drive the price up in a way that one person looking for a million shares wouldn’t? Or am I simplifying what is happening way too much?
Retail investors have to stay cautious on this one, i don’t think the WSB are the only ones behind this unless there’s some major players among their members, a price spike like this one needs volume, there’s a possibilty other hedge funds joined in on the squeeze, it’s all good for them if one competitor ie : Melvin is down trying to cover their shorts, Mike Burry was long on this one too when it first broke to scene, Musk is tweeting about it, i don’t know how up it will go but if the big institutions start profit taking it can get ugly for the retail investors, this one is to follow for sure.
In general, I think this is a good thing, big players manipulated the market for years, shorting companies as they please, official mouthpieces are butthurt (CNBC, Bloomberg…) knowledge is power, and that knowledge is more available now.
Yup the guy is clearly lying here, probably has a short position on it…the audacity to ask for regulation at the end smh.
Haha
Wish I understood these things to get invested, but it’s way over my head.
Had to be Cristo mentioning this on here lol. Shit’s been crazy the last few days and will be a bloodbath by the end of week.
Think it’ll carry on until Monday and that’s when the sell off will happen, and then those profits will go into some other shares
Yea, definitely. With how much traffic WSB sees currently all it needs is a solid write up and a few rockets and they’re all in on the stock. Been following and holding small positions in some of the favorites and they’re up by 50-100+% in this week alone.
I think for my own sanity though, I should go back to passive investing 
and stop following the mob.
Truly amazing. He’s managed to turn $50,000 into $50m haha
This is so confusing but absolutely hilarious at the same time.
Using Game as a bank 
mental.
Hahahaha
Yeeeeeep pretty much lol
Isn’t this Reddit thing essentially a ponzi scheme? The late comers that hold onto stock will get absolutely hammered
I think hedge funds will get crushed once the sell off begins. They’ll probably have to sell their long bets to cover their short bets on GME.
Nah, pyramid schemes are a lot more insidious and predicated on false advertising.
Everyone who gets into GME knows that the idea is to pump it up as much as possible to hurt the hedge funds as much as possible and then sell out when that has happened - which will likely be Monday.
But how does it hurt hedge funds? The hendge fund managers won’t be buying the stocks that are being artificially inflated and if they do they’ll sell them off allot quicker than Reddit posters.
The people who started the reddit thread will bank off this. But everyone who’s following the reddit posts and buying at the high end will lose the majority of their investment when they don’t sell off quick enough
Hedge funds are selling borrowed stocks hoping to buy them back at a cheaper price. If the stock goes up they owe the inflated stock to whoever they borrowed from.
Thread if anyone is interested.
