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The daily volume is higher than the total number of shares for the company. Lots of people are locking in their gains. Of course someone else is taking their p
by SomewhatLikely 6y ago
The daily volume is higher than the total number of shares for the company. Lots of people are locking in their gains. Of course someone else is taking their place at an even higher cost basis.
- minor3 6y ago> Of course someone else is taking their place at an even higher cost basis. It's probably mostly hedge funds closing their shorts
- admax88q 6y agoThats exactly my point, somebody will be left holding the bag. Holding GME worth 20-40 that they bought for 400-1000.
- Uehreka 6y agoIn the end I have a feeling it’ll be something like: the first 1% to invest will make a fortune, the first 10% to invest (who are selling now and maybe tomorrow) will be able to pay off student loans, credit card debt or maybe buy a car, but then the other 90% will either lose small or lose big. I’d guess that in the future if you run into someone who traded GME this week, you’re more likely to meet a loser than a winner.
- deleted 6y ago[deleted]