$5 is the threshold for a penny stock.
There are now a few multimillionaires as a result of this swing.
I've requested the mods give us our own wallstreetbets.win address so that we don't have to keep going back to that cursed hellhole. The fact that WSB gets away with their language just shows that the banning of TheDonald was never about any of the comments made there.
It had been under $5 for almost a year, started jumping around $7-10, then dropped back down when the market crashed. It was around $3. It started jumping around $7-10, and then this happened.
Yeah but GME is shitty business. So its understandable.
That is why everyone is shocked. 100%+ for GME?
Well, 6,500% over the past six months, 100% today.
I saw something it was a penny stock, 40 cents.
But when I looked at the history chart its low seemed to be $4.
Am I missing something? Read an article a reddit dude Is multimillionaire as a result.
$5 is the threshold for a penny stock. There are now a few multimillionaires as a result of this swing.
I've requested the mods give us our own wallstreetbets.win address so that we don't have to keep going back to that cursed hellhole. The fact that WSB gets away with their language just shows that the banning of TheDonald was never about any of the comments made there.
Any idea what "options" would have allowed a guy to buy at 40 cents?
The instigator of this, u/deepfuckingvalue shows he bought at $GME @ $0.40.
This is what I am trying to understand.
https://www.reddit.com/r/wallstreetbets/comments/l2x7he/gme_yolo_update_jan_22_2021/
Try out this plugin called Privacy Redirect and the sites that scrape reddit like Libredd.it.
https://libredd.it/r/wallstreetbets
Penny stocks are anything under $5.
It had been under $5 for almost a year, started jumping around $7-10, then dropped back down when the market crashed. It was around $3. It started jumping around $7-10, and then this happened.
I don't believe it ever dropped below $1.
It's a complex situation involving captive buyers. If you want to be part of history, buy a share and sell toward close on a Friday.
This is not financial advice, you may lose money, but this will be in text and history books.
I actually am trying to buy but ameritrade is too busy to log in.
that doesnt mean its fundamentally sound. Its gone down in EPS over the past three years. And I mean HUGE. Its not even a joke how much its gone down.
I made no comment on soundness, merely the facts of the stock movement.
Fundamentals are a moot point when dealing with a short squeeze.
eh short spikes in stocks are not much to do with the business model as a whole. the guy is just stupid to decide to short during xmas season
Look at that P/E tho