Do you mind explaining how one stands to make money given that the price is already so high? I'm late to the party. The last time I looked a share was about $280. I can't afford to buy a lot but I'm ready to take the plunge. How is it that my 1 or 2 shares will amount to much? I genuinely don't understand.
The meme stocks and squeeze will not make you money, if you do you are doing it wrong. You are supposed to buy and hold until the squeeze is over then the stock price returns to normal. This is not a money making venture, this move to inflict pain on hedgefunds
I understand that and it makes sense. My question is, why are so many people, here especially, acting/talking like their ship is about to come in by holding the GME stock?
It's possible the stock price could get very high. Maybe 1 mil +... no one knows. Some people have said if it gets to like 20 mil they will sell 1 stock for money but hold everything else in continuation of the squeeze. But again, those that are in it for profit are not doing any favors for those in for the squeeze. Any stock sold to a hedgie is a loss for the squeeze.
It's not about afford or not afford and your answer is really no help at all. The other day I made mention that I had not yet invested and a Fren indicated that 1 share's value could be a million bucks but the end. I'm sure that was hyperbole but I'm still trying to understand if it's worth my while to buy a share or not.
yes it is about afford or not afford because a short squeeze play is not about value, it is about playing emotions and is highly volatile. You have a high chance of losing the entire investment.
If what they like to say about GME is true, right now is the time to get in cause in extended it's down to like ~265. While I don't think it's going to the moon like some do, I am thinking it'll go up a bit. I'm very new to all this tho, so what do I know so we'll see.
I like GME.
Do you mind explaining how one stands to make money given that the price is already so high? I'm late to the party. The last time I looked a share was about $280. I can't afford to buy a lot but I'm ready to take the plunge. How is it that my 1 or 2 shares will amount to much? I genuinely don't understand.
The meme stocks and squeeze will not make you money, if you do you are doing it wrong. You are supposed to buy and hold until the squeeze is over then the stock price returns to normal. This is not a money making venture, this move to inflict pain on hedgefunds
I understand that and it makes sense. My question is, why are so many people, here especially, acting/talking like their ship is about to come in by holding the GME stock?
It's possible the stock price could get very high. Maybe 1 mil +... no one knows. Some people have said if it gets to like 20 mil they will sell 1 stock for money but hold everything else in continuation of the squeeze. But again, those that are in it for profit are not doing any favors for those in for the squeeze. Any stock sold to a hedgie is a loss for the squeeze.
If you cant afford to buy, then you should not be looking to get in on a short squeeze.
It's not about afford or not afford and your answer is really no help at all. The other day I made mention that I had not yet invested and a Fren indicated that 1 share's value could be a million bucks but the end. I'm sure that was hyperbole but I'm still trying to understand if it's worth my while to buy a share or not.
yes it is about afford or not afford because a short squeeze play is not about value, it is about playing emotions and is highly volatile. You have a high chance of losing the entire investment.
gotcha. thank you.
If what they like to say about GME is true, right now is the time to get in cause in extended it's down to like ~265. While I don't think it's going to the moon like some do, I am thinking it'll go up a bit. I'm very new to all this tho, so what do I know so we'll see.