I realise that any advice here can be taken with a grain of salt and not considered official financial advice.
If I’ve got a couple grand in savings not doing anything, should I buy GME in this dip before the short squeeze? What’s the worst case scenario in terms of losing the money?
The worst case scenario is you lose everything you invest, best case snenario you exit a millionaire.
At this point , invest in GME as a statement, not a money maker. AMC has plenty of juice left if you want to attempt both. Don't get me wrong, I like GME and AMC both longterm. Both are gambles so buy because you want to be a part of it, not for easy money.
I agree with much of what you said... except I have to presume that when you said you “like GME AND AMC BOTH longterm”, that had to have been a typo, right?!?
GME and AMC are both almost-certain GTZ disasters, not entities worth tens of billions of dollars. Long-term, these are, almost indisputably, worthless. Long-term, without hyperbole, there has likely never been a worse investment than GME. Ever.
And that’s precisely what makes the short-term story so... interesting.
How long can they defy gravity, and how many over-extended, short-selling market manipulators can this bust over that duration?
Quick summary: These are terrible investments, as many people are going to get caught holding an absolutely worthless bag... but it’s a fascinating episode. Some people may have made huge paper gains in the run up from ~$5 to several hundred dollars (!)... but anyone buying in now is either making a statement, which is fine, although more-than-likely expensive... or a legendary sucker.
Couldn't disagree with you more. I'm not saying buying gme now and holding it longterm is smart. I'm saying in the longterm I see GME as a good investment and a good company. People buying in amc are making money. I am one of them, but I dont care, I just ljke the stock. It can go up or down, I don't care.
AMC is owned by chicoms
I own amc. I dont care about china, I just like the stock
Only if you are willing to lose your money
Yep.
And that may be fine, for some.
But this ain’t an investment. That’s for sure.
Yeah kinda just realising this. Everyone on a wsbets forum will tell me to buy because it helps their position, whereas media shills will say to get out because it helps them. Very hard to know who to trust which is why I asked on GA.win because I feel like there’s some honour here
Funnily enough, I was very keen to get into it, but I knew I had to pray hard about it. And I just didn’t feel peace about getting into it. Very glad that I didn’t now, thanks mate
EDIT: maybe I should get in NOW though?? Haha DFV is still in it
Trust yourself. Truth is, if you have to ask, you shouldn't be investing. Learn first.
Never invest (bet) what you're not willing to lose.
Always true, but especially in this case.
It ain’t gonna go up much, and it’s certainly going to eventually go down 99% or more.
‘Strongly advise doing either’ haha what does this mean?
I read somewhere that the stock price could actually go up into the thousands and beyond. Is that possible? If so, I don’t want to fall into the fallacy of falling for the nominal value but rather percentage. So if the peak is going to be 1000% from where it is now, it makes sense to still buy even though I was better off doing it a month ago
If peolple keep buying and holding the price has to go up.
Don't need allies. Just other people to see what I see and it seems they do. In AMC because squezze or no squeeze the price is good value... especially now. AMC is a $30 stock after covid now that bankruptcy is off the table.
GME good stock... not in and already said look for lower price if long term.
Be aware that with POTATUS running the show for now, they could bail out the banks just because, which would leave your stock being worth Jack shit. Then you get to take it in the ass again when the government wants their taxes from you.
Never has this saying been more applicable:
“Look Around the Poker Table; If You Can’t See the Sucker, You’re It”
Buy at least one just to be part of the fun. The worst case scenario is that you lose everything.
Disclosure: I hold shares, this is not financial advice.
Yes
Yes. Even if it doesn't go up as much as you'd like you'll be taking part in a big historical moment. Fighting back against the elite. I also do believe it will go up from here unless they pull some more shady things.
Take that same money you’d invest in gme and put it in silver mining stocks. Seriously you’re not too late for the silver boat which is going to be bigger than the gme gains
wsbets.win
Hold the Line.....the contracts come down this week
if you want to make a statement, time to lift and shift fire - go to silver
if you are in for investment, index fund is safest, Bitcoin more exciting.
Bitcoin may be “exciting”, but so are all worthless Ponzi schemes, for a while.
Buying real silver bullion or silver stocks?
Most people have been recommending real silver, but I know nothing about any of this. Just passing on what I've been seeing in almost every thread talking about this.
China has a shitload of silver. My concern is that it has caught on with WSB through shills cause China saw a way to prop up their economy which is quickly going into the shitter.
as always, depends on objective
physical silver will provide long term preservation of wealth and purchasing power against devalued fiat currency. May provide capital gains, especially if price suppression is removed. Will also remove inventory from the system and put make it more difficult for the shorts to cover.
paper silver (eg SLV) will be less volatile than physical. It also builds the requirement for holders to add to their vault and so again can put pressure on the shorts (not as effective as buying physical for that purpose). likely a long term core holding if you go that direction
Miners are very volatile and can appreciate much more than physical IF you hit the right one, but very risky. Purpose here would be short term gains.
Index fund? What shitty advice.
pay attention - that's for long term low risk people. Not everybody is short term and can accept risk
I pay attention. I am low risk and long term. Have fun money for risk. Index funds are complete shit. If anything atleast find an index type fund that drops the losers... i stand by what I said. Shitty advice.
no you buy silver
Physical silver. Be specific.
The short squeeze will be over soon. GME is still a dead company and stock price will eventually go to zero. Timing is everything and I think you missed it, but honestly it's gambling for the next week or two
I read somewhere that we haven’t even seen the short squeeze yet?
oh it could definitely get much worse, fingers crossed
GME has good fundamentals. That is why they were choosen. They were being bankrupt by bad players. That is the point.