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You got fucked because you are retail investors gambling money on single stock and trying to predict the market. You have no idea what you're doing.
by JacobSuperslav 6y ago
You got fucked because you are retail investors gambling money on single stock and trying to predict the market. You have no idea what you're doing.
- iamacyborg 6y agoWhat do you mean they don’t know what they’re doing? They read that DD on wsb by someone who read someone else’s DD who read someone else’s DD. That was all legit, right? Right?
- LatteLazy 6y agoPlus GME is very low value company. Driving the price up doesn't change the value and price tends towards value over time...
- waheoo 6y agoWhy does that even matter? Do you think Tesla is worth what it trades for? Nobody is mad they bought in at 400 and are now sitting at 50. They're mad because they bought in at 150, were promised a squeeze, and when it happened the market makers stepped in and pulled the fucking rug out. People are mad because the game is rigged and there is no free market. It's just bullshit. It literally proved the whole premise of "the movement"
- JacobSuperslav 6y agoTesla isn't Gamespot. Gamespot is a company selling physical video games. And we're in the middle of a pandemic which will probably impact that industry for a couple more years. Not that it wasn't dying already.
- deleted 6y ago[deleted]
- voisin 6y agoThere is an argument the shorts were driving it down below it’s intrinsic value. This story wasn’t about intrinsic value - it was about the shorts overextending themselves without a backup.