2 ms·
GameStop? that wasn't a bubble, everyone buying it knew fully well that there are no fundamentals and that they are buying it to cause a short squeeze on hedge
by machina_ex_deus 3y ago
GameStop? that wasn't a bubble, everyone buying it knew fully well that there are no fundamentals and that they are buying it to cause a short squeeze on hedge funds who shorted too much stock. Some of them got huge gains, others kept chasing the trade after it was over.
But it definitely wasn't a bubble. It was a good trade and there were some FOMO losers who kept chasing it more than they should.
- irjustin 3y agoi can agree w/ this.