Gamestop's stock soaring

[FruitOfTheVale]

It has little to do with that. It's the combination of an activist investor takeover and retail investors noticing the short interest on the stock and deciding to jump in and push the price higher to force multiple short squeezes where the stock had to be purchased to cover the short position.

It was the perfect storm. Needless to say though I knew what Wallstreetbets was I paid little attention to it. They have my full attention now. Multimillionaires have been made off this scheme from a $50K something investment.

I just looked it up and the first reddit thread I saw was this dude that turned 50K into 11M and apparently predicted a year ago that the bullrun was gonna happen this month fukking gamestop stock though??

 

[winb83]

I just looked it up and the first reddit thread I saw was this dude that turned 50K into 11M and apparently predicted a year ago that the bullrun was gonna happen this month fukking gamestop stock though??

Gamestop was the perfect stock to short. It was a dying company and the stock completely collapsed.

 

[YaThreadTrashB!]

Microsoft stimulus giving everybody checks

Yup everyone except ms customers


That -120 stimulus

 

[Trojan 24]

It has little to do with that. It's the combination of an activist investor takeover and retail investors noticing the short interest on the stock and deciding to jump in and push the price higher to force multiple short squeezes where the stock had to be purchased to cover the short position.

It was the perfect storm. Needless to say though I knew what Wallstreetbets was I paid little attention to it. They have my full attention now. Multimillionaires have been made off this scheme from a $50K something investment.

They talking about Blackberry next, you on that?

 

[MajesticLion]

WSB doing their best Stratton-Oakmont rendition, openly beefing with Citron and Cramer for stonks supremacy.



Soon cometh the Tendieman. To the moon you weirdos, to the mfkn moon.

 

[winb83]

They talking about Blackberry next, you on that?

I bought 300 shares. Planning on holding about a year at least.

 

[Trojan 24]

I bought 300 shares. Planning on holding about a year at least.

I'm about to drop a G and see what happens

 

[humminbird]

I just looked it up and the first reddit thread I saw was this dude that turned 50K into 11M and apparently predicted a year ago that the bullrun was gonna happen this month fukking gamestop stock though??

They pick these downtrodden and awful stocks
Hertz was trying to play them and the sec stopped them
Right now they’re focusing on blackberry

 

[winb83]

I'm about to drop a G and see what happens

I bought last Friday. Cost me $3300 and is currently worth $4212.

 

[SnugglesDaBear]

It has little to do with that. It's the combination of an activist investor takeover and retail investors noticing the short interest on the stock and deciding to jump in and push the price higher to force multiple short squeezes where the stock had to be purchased to cover the short position.

It was the perfect storm. Needless to say though I knew what Wallstreetbets was I paid little attention to it. They have my full attention now. Multimillionaires have been made off this scheme from a $50K something investment.

What is Wallstreetbets? I just realized I'm following that subreddit.

 

[Based Lord Zedd]

Been watching and reading about this for a couple days ago, really fascinating. I know it isn't a "normal" every day thing but this is what's gonna get me to get off my ass and finally start investing.

 

[winb83]

What is Wallstreetbets? I just realized I'm following that subreddit.

https://www.reddit.com/r/wallstreetbets/

 

[Why-Fi]

some of them think its going to 1000 a share

I'm dumping some array and moving on bb Monday morning GW

 

[winb83]

Been watching and reading about this for a couple days ago, really fascinating. I know it isn't a "normal" every day thing but this is what's gonna get me to get off my ass and finally start investing.

It's not but I'd highly recommend starting investing now. I didn't even pay attention to investing till age 36 other than my 401K and it is regrettable I waited so long. Had I started in my teens or 20s probably would have changed my whole life. I put every free dollar I can into investing now but you can't ever make up the time lost.

 

[ryderldb]

It’s just getting pumped by fukking Wall Street bets. It’s kinda nuts and scary how much hype they can bring to a stock.