Solid DD and a full understanding of the situation.
The hedge funds and their clearing houses are on the hook for a stock they naked shorted on a company that just paid off all of its debt in cash a few days ago meaning it can pay dividends to actual shareholders which also means that all the fake paper trades and short ladder attacks aren't going to work anymore.
Let's put it this way: there are 100 available units and they borrowed and sold 175 shares on paper because they thought the company was going to go bankrupt and now anyone owning actual shares can set their own price.
I find it interesting at the very least, I did read one of the posts about crazy potential share price into the millions but I just find it hard to relate to.
I'll look into it a bit more maybe but I am pretty preoccupied with silver. I wonder how many people are navigating both of those waters simultaneously.
Looking into it "a bit" won't do you justice. Understand this: GME was shorted initially over 100% of available stock. Retail owns the float (shares available for trade) and all shorts must cover. This is why there is talk about millions of dollars per share because we name our price as the hedgefunds need our shares.
No one knows. I recommend putting whatever you can afford to lose into it. Whatever seems "wise" within the scope of "it might be worthless". Do I think there is much chance of it being worthless? Not even a little bit. The intrinsic value of the stock is probably more than its cost right now. This is the value having nothing to do with the short squeeze. The GameStop company is under new ownership and will likely completely dominate the gaming market for the medium term future (at least). Not just in game sales, but all sectors of the gaming market.
In addition to intrinsic value, it has more potential to be the best investment of any of our life times than anything I've ever seen. Will that happen? I have no idea, but it might. We shall see.
Buy GME guys. It's about to pop. It will briefly spike in the 6+ digits when the squeeze happens
?????
how can anybody say for sure?
for sure...
Ba-dum-chhh
a-yo!
Solid DD and a full understanding of the situation.
The hedge funds and their clearing houses are on the hook for a stock they naked shorted on a company that just paid off all of its debt in cash a few days ago meaning it can pay dividends to actual shareholders which also means that all the fake paper trades and short ladder attacks aren't going to work anymore.
Let's put it this way: there are 100 available units and they borrowed and sold 175 shares on paper because they thought the company was going to go bankrupt and now anyone owning actual shares can set their own price.
Given the weirdness around it I speculatively put in about $100USD just a few days ago but at this stage I'm not really prepared to put in more.
I also haven't followed it very closely at all, is there much you know that could convince me to commit a bit harder?
Best thing you can do is buy more and also read the r/GME and r/Superstonk sub-reddits.
See ya on the moon, ape!!!
I find it interesting at the very least, I did read one of the posts about crazy potential share price into the millions but I just find it hard to relate to.
I'll look into it a bit more maybe but I am pretty preoccupied with silver. I wonder how many people are navigating both of those waters simultaneously.
I’ve got a little piece of both.
Looking into it "a bit" won't do you justice. Understand this: GME was shorted initially over 100% of available stock. Retail owns the float (shares available for trade) and all shorts must cover. This is why there is talk about millions of dollars per share because we name our price as the hedgefunds need our shares.
I am.
It ain't juggling if you got no balls!! Doge, BTC, GME, RKT, AMC, Silver, Gold, non perishable foods, water, and ammo.
So what is the strategy here? I have 40 shares.
Buy and HODL! Don't sell too early!!!
See my other comment
When will the GME thing be over? I'm pondering some investments.
Seriously. Every week I hear "it's about to pop." It's been that way since February
It's kinda like what's going on here... You know shit is going down, you just aren't allowed to datefag
Soon. There's literally no better investment right now in crypto, stocks, precious metals, or anything unless you know the winning Powerball numbers.
No one knows. I recommend putting whatever you can afford to lose into it. Whatever seems "wise" within the scope of "it might be worthless". Do I think there is much chance of it being worthless? Not even a little bit. The intrinsic value of the stock is probably more than its cost right now. This is the value having nothing to do with the short squeeze. The GameStop company is under new ownership and will likely completely dominate the gaming market for the medium term future (at least). Not just in game sales, but all sectors of the gaming market.
In addition to intrinsic value, it has more potential to be the best investment of any of our life times than anything I've ever seen. Will that happen? I have no idea, but it might. We shall see.