Gamestop is a $10- stock. Hedge funds lost money shorting it, and eventually people propping it up will also lose.
people propping it up will lose.
That was what I thought, that unless these people are buying and selling within a few minutes a lot of them are going to lose everything.
“It is not about the money, it is the message”.
Remember that. This isn’t about a bunch of redditors making money, it is about tanking a hedge fund that thought it could sell the same stock a few times over without owning any of it.
I agree, it would be crazy to buy GME expecting to make money. But that isn’t the goal for these guys.
Yes, but in doing so caused hedgies to lose tens of billions, and pulled the wool from more eyes.
Agreed, but what if the folks propping it up are doing it with money that they really don't care about? I wish I'd been able to get into this right at the beginning. It would be fun to put a bit of disposable cash into this just to enjoy all the screaming from the hedge fund thieves. Would be worth every penny, even if I lost it all.