I was so impressed by the little guy sticking it to the hedge fund guys and now that they have the ear of the regulators and swamp this will probably never happen again. Pretty cool.
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I was so impressed by the little guy sticking it to the hedge fund guys and now that they have the ear of the regulators and swamp this will probably never happen again. Pretty cool.
It isn't even done yet. I believe it will grow because so many kids are talking about it. This is a huge deal that cuts through multiple powerful demographics. Gamers, young independent Traders, Trump fans, anti Wall Street fags, anarchists, socialist Bernie bros, Megatrolls...lots of fingers in this pie.
It's only going to get bigger.
First, I hope gamestop uses their new found valuation to do some acquisitions, launch new services, or expand on their abilities to remain a going concern.
Second, I think now that the community has found its voice, those who short stocks and then try to manipulate the media to enhance that position to the point of trying to put them out of business have been put on notice.
tomorrow the real squeeze starts. if everyone holds i believe it could easily clear 1k+ or more
People are still buying it!
And those are the people who are going to get their investments wiped out.
They'll just change the rules. But this has gone mainstream. It's red-pilling a ton of people.
If the government doesnt protect them; they are toast, it is really only getting started.
I've never bought a stock in my life, but I'm willing to start now if it carries on the revolution.
Likely never gonna happen again. This situation only is occurring because the hedge funds got greedy and shorted nearly 140% of the volume of $GME shares in existence (which should be illegal). All the shares are currently being held by these Reddit autists and the price will continue to climb as long as they hold and available shares to buy are scarce.
Just like Vegas and the Lottery. The house always wins.