52 ms·
> everyone who buys late [...] Maybe I'm missing something The narrative on WSB was that you wouldn't be "late" buying in even late last week at $350, because
by cj 6y ago
> everyone who buys late [...] Maybe I'm missing something
The narrative on WSB was that you wouldn't be "late" buying in even late last week at $350, because the goal post was raised to $1000. Many people guessing it would go to $5000. Others saying $10,000. Followed by lots of rocket emojis.
Considering how people have witnessed the recent crypto rally generate insane returns, I can see how new / naive investors might think they're getting in early at $350. Especially when it was all over the news late last week and a giant billboard encouraging people to buy GME in time square just yesterday.
Edit: The timesquare billboard was actually last Friday. And only ran for 1 hour.
- decafninja 6y agoWith cries of TO THE MOON! HODL! TO VALHALLA!
- redisman 6y agoCryptos at least have (somewhat theoretical) use cases with many unknowns that Gamestop Stock does not. In the end you will own stock in a dying retail game company and a pump and dump isn't going to keep its value up very long.