if people stop 'the buying' - the stock (with zero fundamentals) will drop back to older price range.. .and the Hedge Funds will cash in shorts they bought at 300 and will buy back at 20... at 280$ profit per share - for doing nothing - just waiting every one else out...
Robinhood was basically able to kill the rally. I was hoping Gamestop would use its newfound wealth to do some clever acquisitions to leap the business ahead with the support it was getting, but nothing seems to have fundamentally changed.
'the buying has to continue' -
if people stop 'the buying' - the stock (with zero fundamentals) will drop back to older price range.. .and the Hedge Funds will cash in shorts they bought at 300 and will buy back at 20... at 280$ profit per share - for doing nothing - just waiting every one else out...
Robinhood was basically able to kill the rally. I was hoping Gamestop would use its newfound wealth to do some clever acquisitions to leap the business ahead with the support it was getting, but nothing seems to have fundamentally changed.