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HODL the line !! (i.imgflip.com)

posted 3 years ago by bubble_bursts 3 years ago by bubble_bursts +392 / -0

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– Chippy 3 points 3 years ago +3 / -0

GME has been naked shorted and stock price was going down (~$4). Retail (normal people) found out it was shorted >100% of the float and started buying and the price rose up ($181 close today). Now retail owns the float and is in a position to name their price when short positions close and many others refuse to ever sell. With that said, Game Stop is a very strong company all on its own with heavy expirence in upper management, BOD, has no debt & $2B in cash with new plans to move beyond selling just games. The price remains low due to criminal actions keeping it low. Only time will tell.

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2024.12.01 - 48gzt (status)