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?
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.