Boiler Room: The Official Stock Market Discussion

Scholar

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GME and other meme speculators have to go somewhere. Expect run ups
 

Macallik86

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His advice wasn't bad though. He said if you believed in it form the jump and still believe then hold.

There is no fundamental reason why GameStop will stay up 1,000% regardless of your beliefs though.

Put another way, this is like buying a PS5 and paying black market prices because retailers are out of stock. If you need a PS5 desperately, right now, it makes sense, but when you decide to sell a PS5 in six months, the immediacy/hype around PS5's will have died down as will the price gouging. You cannot pay top dollar when every is really interested in PS5's and then expect to sell your PS5 for the same price when people aren't as crazy about PS5s

The exact same principle applies to the stock market & GameStop stock specifically.
 

Macallik86

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Cuban has been on some dikkhead shyt for a minute now. A common thread with a lot of these dudes co-signing the hype is that they love being seen as mavericks, outsiders, and rebel billionaires. Their dislike of the establishment (ironically despite being billionaires) is seemingly influencing their hyping up and pushing oversimplified narratives.
Yeah it is a recurring theme with a lot of these pop icon saviors that the WSB bro's look up ot. Elon, Chamath, Trevor Milton, and Ja Rule all come to mind to varying degrees. I suppose Joe Rogan too

Perhaps its not as conscious or with as much malintent, but there is a Trumpian "I'm looking out for the little guy and secretly lining my pockets" schtick to it all
 
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