Posted on 02/10/2022 6:10:23 AM PST by wastedyears
GameStop (NYSE:GME) quickly became one of the hottest meme stocks during the pandemic. Since mid-2020, it has gone from penny-stock status to a high of more than $480 over a six-month timespan.
(Excerpt) Read more at fool.com ...
You don’t have to avoid it, you just have to recognize that any money you put in it could go poof tomorrow.
Total BS ... The folks at Motely Fool must have been shorting GME when small investors used the age old technique of buy and hold.
The Motely Fool was cutting edge in the early dot.com days.
Now, they are no better than the guy selling mutual funds at your local bank. They are so old they fart dust.
The entire GME thing was done for a purpose. An investor who understood what was going on could have made some money on it. Someone who understood what was going on...would have not put too much of their money into GME. An investor who understood what was going on would probably be on the sidelines by now.
Motely Fool is decent if you are either really new to investing...or really scared of investing.
Yep. Peter Schiff, famously predicted that the blip in the housing market was actually the coming collapse that everybody was waiting for. He was even mocked in a live form of so-called experts for having such an opinion. They all ended up with egg on their faces.
That said, he has become just another one of the Doom and gloom things ever since. Getting one thing right is the price of admission into fame. But the basic mantra is always,”what have you done for me lately?”
That's because the stock market is fake and entirely made up.
Two hedge funds have gone bankrupt so far.
I agree. The Motley Fool was interesting reading at one time. I’m not saying that they were always right. But they did have some good insights.
Now they’re kinda like any other dime-a-dozen investment site: “Click here to learn about the one stock that will double in a week!”
I love it.
Agree on your take on Motley Fool. The investment world has changed a lot since the dot.com days, they haven’t.
Side note: I occasionally dabble in “undervalued” stocks but was intrigued with the GME rollercoaster and the folks behind it. Within 2020 I bought 10 shares at 140 with a sell order if they hit 240. Needless to say I am out now with a small profit and the resolve to not participate in such foolishness again.
Why do you love it? Are you a Bernie Bro or AOC fanboy where rich people are evil and should be punished?
Not my investing lane but I wish the players there well.
“Why do you love it?”
It would be mean to say the real reason, so best to ignore.
Not scared. Realistic
Motley fool gives solid advice and info. Has made my portfolio look very good
I was up 175% based on the fool’s advice last two years
90% of everything is misleading, to put it politely. 90% of news, politics, advertising, sales, marketing, statistics, Hollywood, television, and of course the internet, is fake and entirely made up. It is amazing civilization can even function.
Well yeah, probably shouldn’t buy it at 480.
It is amazing civilization can even function.
The amazing thing is not that it is so screwed up. The amazing thing is that it works at all.
No, I am an individual investor. You are ignorant in the way hedge funds and big banks manipulate markets and hurt companies, employees, small investors and people's lives for their own profit. I don't think rich people are evil. I want to be one. So get a fricking education and understand how markets are supposed to work and how they are manipulated.
GME showed some amazing strength around the $150 level for ten months, but finally crashed through it in January.
It also showed some surprising strength when it bounced off $100 in February 2022, but that rally came on low volume.
I valued the stock at $25 a year ago.
Congratulations to all the gamblers who said I was wrong!
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