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.
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.