The underlying value of GME doesn't support the current share price

I want to expand on this.

The DIVIDEND that a share of GME is likely to pay out is proportionally less that other options, making the existing price irrational to hold in lieu of others

But the leveraged position of Hedgefunds and Brokers makes the share price UNDERVALUED. This stock is worth thousands, because the position it can pay out is near infinite and the chance of it merely paying out tens of thousands is sufficiently high to make it easily worth the risk at ten times the price.

The price of the stock TRIED to correct to reflect the value of it's position, but was hampered by market manipulation and interference. The hedgies did ladder attacks after market when the people couldn't trade (but they could) to give the illusion of it falling, but people countered by buying up at open. Then the money makers changed the rules for places like Robinhood, requiring them to put up 100% (rather than 2% like normal) of the cash value of every trade, for these few stocks, until the money maker's book on those trades settled (every trade usually takes a few days to sort out in practice, even though it's mostly instant for you.)

The effect of that was that they had to limit buying, which meant that Hedgies felt they could safely perform ladder attacks in the open during market hours. They partially succeeded because they reversed a soaring price that hit $480 in just an hour after opening, into a sub $200 dive in the next hour or two. Since the market was open during this attack they were able to trigger a number of stops and crash out positions on margin. And they would have gotten away with it, except the market knew these prices were a bucking bargain.

People outside the US who could still buy on their platforms rallied and gobbled up all they could at these prices, as well as US customers after they frantically moved and set up accounts on platforms they found that could still buy. The market is trying to correct up, and they are trying everything in the book, legal or not, to stop it from rising UP to a price which better reflects it risk/return ratio. Even $300 is a steal compared to whatever that is.

The underlying value of GME doesn't support the current share price

I want to expand on this.

The DIVIDEND that a share of GME is likely to pay out is proportionally less that other options, making the existing price irrational to hold in lieu of others

But the leveraged position of Hedgefunds and Brokers makes the share price UNDERVALUED. This stock is worth thousands, because the position it can pay out is near infinite and the chance of it merely paying out tens of thousands is sufficiently high to make it easily worth the risk at ten times the price.

The price of the stock TRIED to correct to reflect the value of it's position, but was hampered by market manipulation and interference. The hedgies did ladder attacks after market when the people couldn't trade (but they could) to give the illusion of it falling, but people countered by buying up at open. Then the money makers changed the rules for places like Robinhood, requiring them to put up 100% (rather than 2% like normal) of the cash value of every trade, for these few stocks, until the money maker's book on those trades settled (every trade usually takes a few days to sort out in practice, even though it's mostly instant for you.)

The affect of that was that they had to limit buying, which meant that Hedgies felt they could safely perform ladder attacks in the open during market hours. They partially succeeded because they reversed a soaring price that hit $480 in just an hour after opening, into a sub $200 dive in the next hour or two. Since the market was open during this attack they were able to trigger a number of stops and crash out positions on margin. And they would have gotten away with it, except the market knew these prices were a bucking bargain.

People outside the US who could still buy on their platforms rallied and gobbled up all they could at these prices, as well as US customers after they frantically moved and set up accounts on platforms they found that could still buy. The market is trying to correct up, and they are trying everything in the book, legal or not, to stop it from rising UP to a price which better reflects it risk/return ratio. Even $300 is a steal compared to whatever that is.

The underlying value of GME doesn't support the current share price

I want to expand on this.

The DIVIDEND that a share of GME is likely to pay out is proportionally less that other options, making the existing price irrational to hold in lieu of others

But the leveraged position of Hedgefunds and Brokers makes the share price UNDERVALUED. This stock is worth thousands, because the position it can pay out is near infinite and the chance of it merely paying out tens of thousands is sufficiently high to make it easily worth the risk at ten times the price.

The price of the stock TRIED to correct to reflect the value of it's position, but was hampered by market manipulation and interference. The hedgies did ladder attacks after market when the people couldn't trade (but they could) to give the illusion of it falling, but people countered by buying up at open. Then the money makers changed the rules for places like Robinhood, requiring them to put up 100% (rather than 2% like normal) of the cash value of every trade, for these few stocks, until the money maker's book on those trades settled (every trade usually takes a few days to sort out in practice, even though it's mostly instant for you.

The affect of that was that they had to limit buying, which meant that Hedgies felt they could safely perform ladder attacks in the open during market hours. They partially succeeded because they reversed a soaring price that hit $480 in just an hour after opening, into a sub $200 dive in the next hour or two. Since the market was open during this attack they were able to trigger a number of stops and crash out positions on margin. And they would have gotten away with it, except the market knew these prices were a bucking bargain.

People outside the US who could still buy on their platforms rallied and gobbled up all they could at these prices, as well as US customers after they frantically moved and set up accounts on platforms they found that could still buy. The market is trying to correct up, and they are trying everything in the book, legal or not, to stop it from rising UP to a price which better reflects it risk/return ratio. Even $300 is a steal compared to whatever that is.