4 ms·

Have they? GME is still 200% higher then when the “short squeeze” began.

• harambae 4y ago
  GME is in a league of its own, now having a cult-like following around the prospect of a "Mother of all short squeezes" (MOASS) at some indeterminate point in the future. (I'm avoiding using excessively loaded terminology like "QAnon of finance" but I really can't think of a fairer way to describe it than a cult at this point.)
  • ummonk 4y ago
    It's not necessarily irrational, if you treat GME shares as collectables rather than investments in a profit-making business.
    • alephxyz 4y ago
      > if you treat GME shares as collectables Why would a rational agent do that?
      • seanp2k2 4y ago
        Apes can remain irrational longer than hedgies can remain solvent.
• unholiness 4y ago
  Picking a successful stock at past point you didn't buy in at is a hell of a sampling bias. The peak of /r/wallstreetbets activity was people throwing in money at the $250-$300 level trying to will it to $420, and it's now below $100. If you were smart and bought before the peak hype... how many other equally promising-looking stocks did you also buy into, before a hype that never arrived? This article definitely isn't bias-free either but at least it's not picking stocks based on performance.