What is it now? I was planning on going big on GameStop but maybe I'll split the buy.
No. Nokia has a huge market cap - 3x the GME. Nobody will move that one. Buy GME; it will continue to rise. That is, if you’re wanting to play the speculative game.
If you want a sure thing, buy a long put on GME, it will eventually fall again.
It’s all about your risk threshold, but if you want to make a statement and money, GME is the one place we are going to be able to do it. Everything is going to change rules-wise as a result of that one once the dust settles, and it will mostly be on the hedge fund side preventing them from taking such a stupid position. Additionally, the cost of doing what is going on now will be so high, it would be impossible to really pull of a short squeeze of this magnitude.
That was my thought. It seems like GME is a grudge play - people are going to hold long enough to see the hedge funds bleed badly. It's ridiculous to pay 325 for a stock that's clearly not worth anywhere near that kind of valuation but damn, watching HF managers cry and rail against the normies is a beautiful thing. I want to be part of that!
$4.56 per share.
They're trying to make Nokia their new short while also getting people to panic sell their Nokia shares since it didn't climb back up the way GameStop did.
Just hold onto it long term, since Nokia is investing in 5G infrastructure (despite my grievances) and other technological projects.
Definitely more palatable than GameStop at $325. I know for sure that's wayyyyy overpriced but it seems to be the champion stock for /r/wsb. I saw Nokia mentioned as well as AMC, Blackberry and Palentir.
AMC is around $20+ now if I'm not mistaken, so it's definitely more expensive and less impactful long-term considering it's a movie theater company that until recently was on the cusp of bankruptcy.
Feel free to invest, but I personally think investing in technology companies (and crypto) is a better long-term bet.
Doesn't this squeeze rely on a lot of people holding? I think /r/WSB is going for silver next week and I'm not sure if that'll work out.
hold long term
Definitely not a bad play for NOk.
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