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That is why I said 'in a traditional analysis sense.' It defies all traditional stock / economic analysis. There is nothing significantly better about Game Stop
by Bedon292 6y ago
That is why I said 'in a traditional analysis sense.' It defies all traditional stock / economic analysis. There is nothing significantly better about Game Stop's actual business today compared to say Sept 1st.
Sep 1: $7.65
Nov 2: $10.75
Jan 4: $17.25 (125% Gain here already)
Jan 25: Intraday high: $159.18 (More than 20x Sep 1), Close $76.79 (Right about 10x Sep 1)
There is nothing in any form of business analysis that justifies that. The best explanation that exists is WSB. Its not just WSB doing the trades, they just are a spark that ignites the fire. After that people (and algorithms) are trying to ride a wave of momentum.
- roenxi 6y ago> There is nothing in any form of business analysis that justifies that. You haven't consulted all the business analysts in the world before saying that though. There might be something. I get that you're convinced - but you aren't presenting an actual line of thinking that links the two things. You've just noticed that WSB is talking about something and the thing goes up - this is the famous correlation and causation problem.
- berrynice 6y agoWhat's different about Game Stop today is that a bunch of new investors noticed it