...so how bad an idea is it to buy Gamestop stock? I know nothing of stocks, but if this is a bubble, it could be interesting to get in on that before it bursts.
EDIT: It turns out I'm a gambler.
It's like that movie about poker. If you don't know who the sucker is at the table, it's you.
Right, these people are putting their $$$ thinking a billionaire HAS TO abide by the same laws they do. The billionaire will fold, pay his fine to the courts and they're going to be left in the cold owning an overpriced stock in an outdated company.
If you are prepared to lose the entire investment, you just might have a lot of fun with it before it disappears.
Buy a single share and do your part! You just might win, (probably will lose.)
All of those hours invested in MMO has taught the gamers the value of coordinated moves in the millions of users.
This is just like one of those massive Eve Online space battles, taking down a space fortress. Basically the same thing.
Many guessing will hit 300. Some saying 100.
The whole industry will be trying to crash the price tomorrow to prevent a Friday bloodbath.
But. BUT. If everyone calms down and sells nothing, the price will go above 1,000.
The taxpayers will cover it. Dont worry.
You're a few days too late to the party fren. In the last 5 days it has gone from $43 to $148 per share. With Musk's tweet today it is unlikely we'll see this steep an increase for a little while.
In simple terms let's pretend you bought 100 shares at $40 (total spent $4000). You look at the finishing price today and decide that if it falls to $140 you'll sell half of them so 50 shares at $!40 (is $7000 so you made $3k and are free rolling the other 50 shares).
It is common that at peaks a percentage of people will sell some of their shares --- and I think today it is over inflated because of Musk and it might take a small dip tomorrow. We shall see though. I hope it hits $200 by the end of the week!!
Its already over $200. It boomed after close hitting $250 at one point.
Already too late, should have done it a week ago
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