180 upvotes, 2 direct replies (showing 2)
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Comment by jkbpttrsn at 27/01/2021 at 00:39 UTC
138 upvotes, 3 direct replies
Hey, when people said it was going to 20 I scoffed. Same with 50, 100, 150 and now almost 250. This is definitely not a long term investment in the slightest but if the hype brings it up to 500-1000 for just a few hours I'll be very happy. Definitely have my finger on the sell button all the time though.
Comment by Wraithfighter at 27/01/2021 at 16:46 UTC
1 upvotes, 0 direct replies
It's not stupid investing, though. Yes, there's people that are absolutely going to get carried away and blown up as a result, there's certainly stupid investors, but the investment strategy here is solid as a rock: Short-sellers are massively overexposed, more Gamestop Stock is being shorted than actually exists, and as payment comes due on those stocks, the shortsellers are having to buy stock at whatever the market will sell it to make good.
Its just not going to last forever, and it's impossible to tell when the bottom's going to drop out of it...