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.
Yeah I should have been more clear, I understood the gist of the situation or at least what you laid out. I'm just not 100% comfortable that they don't have the ability to break the rules and screw the shareholders.
I would recommend holding until you've had good gains and then selling some shares to lock in the gains and holding the rest in hopes of an even higher value. You don't want to keep holding all of them in case it comes crashing back down too quickly for you to sell at a good price.
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.
Yeah I should have been more clear, I understood the gist of the situation or at least what you laid out. I'm just not 100% comfortable that they don't have the ability to break the rules and screw the shareholders.
So I have 40 shares. What is the strategy? Sorry to be ignorant on this!
Hodl until moon. Not financial advice.
Got it! I’m hearing as high as 25 Mill! Ticker says almost 15 Mill is the floor. I don’t know if I could wait until 25 Mill!?.
Don't set expectations and you can never be disappointed.
I would recommend holding until you've had good gains and then selling some shares to lock in the gains and holding the rest in hopes of an even higher value. You don't want to keep holding all of them in case it comes crashing back down too quickly for you to sell at a good price.