The value is not dependent on buying and selling the way the wsbets guys said. Temporary fluctuations can cause the price to skyrocket like it did but it is fundamentally only worth what the value of the company is. How much would you buy a local Gamestop store for? $50 a share implies that a local store is worth $3.2 million, which still seems over priced to me.
A short squeeze is an event, not an investment strategy. Meme keeps the value up because maybe Gamestop can turn the memes into money and it was great advertising. If you bought at $100+ you lost that money.
They’re not allowing anybody to buy. They fixed it. So if nobody can buy, the number can’t go up. So if it’s going it down it’s because some people are probably selling, or they’re just fixing that too. They’re trying to stick it to people who may be purchased at $100 a share instead of at eight dollars a share.
That was the first clue but since then, why has the price continued to fall? Someone is selling. Or else the whole thing is fraud.
If everyone his buying, why does the price keep going down?
Need someone smarter to explain.
The value is not dependent on buying and selling the way the wsbets guys said. Temporary fluctuations can cause the price to skyrocket like it did but it is fundamentally only worth what the value of the company is. How much would you buy a local Gamestop store for? $50 a share implies that a local store is worth $3.2 million, which still seems over priced to me.
A short squeeze is an event, not an investment strategy. Meme keeps the value up because maybe Gamestop can turn the memes into money and it was great advertising. If you bought at $100+ you lost that money.
They’re not allowing anybody to buy. They fixed it. So if nobody can buy, the number can’t go up. So if it’s going it down it’s because some people are probably selling, or they’re just fixing that too. They’re trying to stick it to people who may be purchased at $100 a share instead of at eight dollars a share.