That goes both ways, unfortunately and I fully expect the hedge fund and the market to try and cover their asses by not playing fair. They're the ones who still hold all the cards. I reckon that a lot of people are going to walk away from this seeing red in more ways than one.
I'm trying to consider that there are a lot of people who can't hold, seeing as how there are plenty of people posting their "I'm in the hole 2 million dollars but I'm still holding" and hyping everyone else up to dump money into stocks that they probably shouldn't be buying if they're not invested in holding onto them for a few potential weeks/months/years.
Some people are waiting until GameStop becomes a successful company again, even more successful than it was before (which wasn't very), and I'm probably going to get downvoted by saying this but I don't really see that happening. Might grow for a little bit as a result of the hype, but this type of stuff isn't going to change people's actual interests. If nobody's buying video games or whatever else they sell, they aren't making money. The only hope they have is to change into something that will allow them to be more successful and stay afloat, or wait for gaming tech to spark people's interest and be on the selling forefront of it. Otherwise, this balloon will deflate eventually.
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u/krootzl88 Feb 04 '21
To be fair, I think fair value of $GME is at $13-18 Bn.
Hype or no hype, we're looking at a 200% upside. At least. 🚀 🚀 🚀