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the "guarantee" I'm referring to comes from these two assumptions: - the price is overvalued and will correct - the prevailing sentiment on the wsb subreddit
by 2bitencryption 6y ago
the "guarantee" I'm referring to comes from these two assumptions:
- the price is overvalued and will correct
- the prevailing sentiment on the wsb subreddit is "HOLD NO MATTER HOW HIGH IT GOES" (seriously, that's what they are saying)
So, sure, maybe gamestop will magically become a company as valuable as its stock implies it is. But realistically no one would bet on this.
So given that it is overvalued by everyone's definition of the term, and given that the hivemind has decided to "HOLD NO MATTER WHAT", it becomes obvious what will eventually happen - the hivemind will keep holding, since that's the meme, and memes drive stocks now - and Gamestop will correct. And that will be that.