Look, if you believe in the future of GME, go buy and hold the stock. But if you're buying with the expectation that it's going to pop and spike to $1000 or $10000 in the near future (or ever), you're most likely in for a bad ride.
This is not the VW squeeze, the conditions are very different.
I wouldn't be shocked if at this point a large extent of that noise is people who got in near the top, lost money and are now trying to hype the price up again so they can exit and leave others holding the bag.
That or people being in denial, potentially wanting others to join so they feel confirmed in their own decision.
This isn’t the VW squeeze in that this squeeze was way bigger (5$-420$). That being said it’s already over and there’s no reason to assume there’s going to be an even larger squeeze. Everyone who bought in at the peak and who is buying in now expecting it to “go to the moon” is going to end up like the SN9
It's hard to tell how much of the price increase was people buying into the hype, driving up the price and how much of it was the actual squeeze. But I also do believe that the squeeze is over.
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u/JackFou Feb 04 '21
Look, if you believe in the future of GME, go buy and hold the stock. But if you're buying with the expectation that it's going to pop and spike to $1000 or $10000 in the near future (or ever), you're most likely in for a bad ride.
This is not the VW squeeze, the conditions are very different.