In my opinion GME is no longer in play.
Way back when, a trading/investment sub reddit saw a mass shorting of GME by looking at volume purchases on the down side. They spread the news and started buying like crazy to fuck over the institutions trying to short GME. That is called a short squeeze, where small traders in mass keep buying, forcing the stock price up, which forces the leveraged contracts on the down side to buy at a higher price than their purchase price to mitigate extraordinary losses, which also raises the stock price.
Then the institutions, thinking it was over, tried it again and were caught a second time by masses of small traders fucking them over. It is done and over with IMO.
GME is no longer in play by big investment houses because they lost twice and they know everyone is watching. So they take their money and will play with some other company.
At this point, keeping GME is an act of faith in a religion that is dead IMO. GME will not see $24 a share again, at least not without systemic changes to monetary policy, and US oil production being unleashed, which is not going to happen under Biden.
In my opinion GME is no longer in play.
Way back when, a trading/investment sub reddit saw a mass shorting of GME by looking at volume purchases on the down side. They spread the news and started buying like crazy to fuck over the institutions trying to short GME. That is called a short squeeze, where small traders in mass keep buying, forcing the stock price up, which forces the leveraged contracts on the down side to sell off to mitigate extraordinary losses, which also raises the stock price.
Then the institutions, thinking it was over, tried it again and were caught a second time by masses of small traders fucking them over. It is done and over with IMO.
GME is no longer in play by big investment houses because they lost twice and they know everyone is watching. So they take their money and will play with some other company.
At this point, keeping GME is an act of faith in a religion that is dead IMO. GME will not see $24 a share again, at least not without systemic changes to monetary policy, and US oil production being unleashed, which is not going to happen under Biden.