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Talking stocks, trading, and investing in general

Jr Mouse

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Isn't the whole thing set up to fleece people who jumped onto WSB after it became a big story?
 

javyn

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Isn't the whole thing set up to fleece people who jumped onto WSB after it became a big story?
Dunno but most of them are going end up holding bags of crap if they are thinking they can run this to $1000.
 

Jr Mouse

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It's a strange company for internet investment nerds to latch onto. I never thought Gamestop was a particularly liked company. Kids put up with them because they offer an easy way to trade in games they played through for new stuff. Otherwise, no one was crying over them feeling the market heat from players like Amazon.

Compare that to something like Toys R Us which had a distinct emotional attachment for generations of people who grew with them. If they hadn't already gone bankrupt they would seem like a prime target for a stunt like this.
 

jbarwick

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Has anyone checked in on the GME management? Float another couple million shares and be a turnaround story!
 

javyn

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It's a strange company for internet investment nerds to latch onto. I never thought Gamestop was a particularly liked company. Kids put up with them because they offer an easy way to trade in games they played through for new stuff. Otherwise, no one was crying over them feeling the market heat from players like Amazon.

Compare that to something like Toys R Us which had a distinct emotional attachment for generations of people who grew with them. If they hadn't already gone bankrupt they would seem like a prime target for a stunt like this.
It's not the company but the huge short interest that made them latch on. I'm not very knowledgeable on stocks but I believe the theory was if they bought enough shares to make the stock rise enough to force margin calls on the shorts, the covering would blow the lid off the stock.
 

Jr Mouse

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It's not the company but the huge short interest that made them latch on. I'm not very knowledgeable on stocks but I believe the theory was if they bought enough shares to make the stock rise enough to force margin calls on the shorts, the covering would blow the lid off the stock.
Oh sure, but the company itself seems to be a factor here. Meming around it being a very well known gaming company.
 

Piobaire

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Okay, now that I made 25% in one day on BB, what's my next stonk?

🚀 🚀 🚀 🚀 🚀 🚀 🚀
 

javyn

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Oh sure, but the company itself seems to be a factor here. Meming around it being a very well known gaming company.
Maybe. I mean, yeah pumping up a dying brick and mortar video game store that probably sells more of those stupid bobble head dolls than games now is definitely ironic.
 

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