I bought DWAC, and glad I did, obviously, but it is nothing similar to GME.
GME is a situation where crooked hedge funds got overly cocky, because they’ve gotten away with committing crimes for ages. For the first time, someone (all of us “Apes”) put our collective $ together, and now the hedge funds are backed into a corner with no way out. They’re delaying their inevitable demise with every trick in the book, but they’re running out of options. GME is potentially going to be a once-in-forever opportunity. Honestly, I can’t see any reason why anyone who is able to afford even a couple shares doesn’t jump at the opportunity.
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.
New $GME? 👀👀
I bought DWAC, and glad I did, obviously, but it is nothing similar to GME.
GME is a situation where crooked hedge funds got overly cocky, because they’ve gotten away with committing crimes for ages. For the first time, someone (all of us “Apes”) put our collective $ together, and now the hedge funds are backed into a corner with no way out. They’re delaying their inevitable demise with every trick in the book, but they’re running out of options. GME is potentially going to be a once-in-forever opportunity. Honestly, I can’t see any reason why anyone who is able to afford even a couple shares doesn’t jump at the opportunity.
GME is a once in human existence opportunity. I have tried to get my friends to buy one share but they don’t believe it.
I think DWAC is definitely a good investment opportunity and people who buy and hodl early will build wealth but it’s nothing like GME.
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.