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Right now it looks like retail investors stuck it to Wall Street and made some money because GME is still over $400/share this morning. Everyone holding GME can

Right now it looks like retail investors stuck it to Wall Street and made some money because GME is still over $400/share this morning. Everyone holding GME can look at their app and feel great. But not everyone is going to be able to sell it at $400... or even $100 in some cases. It will be interesting to see how everyone feels after the sell off.

Finnucane 6y ago
Sure, once the squeeze is over they'll be holding expensive stock in a fundamentally near-worthless company. But then, they're probably Bitcoin believers too.
- WorldMaker 6y ago
  I think the argument remains that GME is not fundamentally a near-worthless company and some of these investors are probably right that it was hugely undervalued by all the funds shorting it (maybe not to the tune of $400 a share, but many of those investors have seemed to have been whales, not average joes). Retail is down in the pandemic, but it is not out. My opinions that GME is the biggest pawn shop operation in the US makes me look down on the shops from a high horse that I don't currently feel a need in my personal life for pawn shops, but America as whole will always need pawn shops.
mikestew 6y ago
GME is still over $400/share this morning Guess what's changed in the 56 minutes since you posted this? GME: $265.00 Though I think it had dipped into around $380 by the time of parent post, and heading down. But someone bought at $430 this morning.
- snowwrestler 6y ago
  Is this a surprise? Tons of people wanted to buy GME this morning and were mad that Robinhood was preventing them. We won’t know for days who makes money and who doesn’t. It certainly won’t be everyone.
  - jrs235 6y ago
    For a lot of people buying GME, it's not about making money. It's about sticking it to hedgers that they feel didn't just expect GameStop to file bankruptcy but hoped for it.

Finnucane 6y ago

Sure, once the squeeze is over they'll be holding expensive stock in a fundamentally near-worthless company. But then, they're probably Bitcoin believers too.

WorldMaker 6y ago
I think the argument remains that GME is not fundamentally a near-worthless company and some of these investors are probably right that it was hugely undervalued by all the funds shorting it (maybe not to the tune of $400 a share, but many of those investors have seemed to have been whales, not average joes). Retail is down in the pandemic, but it is not out. My opinions that GME is the biggest pawn shop operation in the US makes me look down on the shops from a high horse that I don't currently feel a need in my personal life for pawn shops, but America as whole will always need pawn shops.

mikestew 6y ago

GME is still over $400/share this morning Guess what's changed in the 56 minutes since you posted this? GME: $265.00 Though I think it had dipped into around $380 by the time of parent post, and heading down. But someone bought at $430 this morning.

snowwrestler 6y ago
Is this a surprise? Tons of people wanted to buy GME this morning and were mad that Robinhood was preventing them. We won’t know for days who makes money and who doesn’t. It certainly won’t be everyone.
- jrs235 6y ago
  For a lot of people buying GME, it's not about making money. It's about sticking it to hedgers that they feel didn't just expect GameStop to file bankruptcy but hoped for it.