Gamestop

[Anonymous]

Anonymous wrote:NOK to the moon

I bought NOK this time last year, purely out of nostalgia and because it was cheap. I dabble in stocks only. Would be funny if it spiked!

[Anonymous]

Anonymous wrote:

Anonymous wrote:NOK to the moon

I bought NOK this time last year, purely out of nostalgia and because it was cheap. I dabble in stocks only. Would be funny if it spiked!

Today is your lucky day bro. Nokia’s stock soars toward a record gain on record volume, for no apparent reason

[Anonymous]

It’s revenge of the nerds / little guys.

[Anonymous]

Anonymous wrote:It’s revenge of the nerds / little guys.

It's not. These are dumb bros following a herd, not nerds.

[Anonymous]

this is not good. People are trading not on the quality of the stock (e.g., value), but rather on trends/emotion. Someone is going to get hurt. I know GME is overvalued, and if I had the guts, I would sell short, but that is contrary to my strategy of the long game.

[Anonymous]

What would happen if one of the three major stockholders decided to cash out now? Would Game Stop immediately go under as a company? What about these daytraders and short sellers or whatever they’re called?

In a way it sounds like a stock wrist version of a Ponzi scheme.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It’s revenge of the nerds / little guys.

It's not. These are dumb bros following a herd, not nerds.

No it’s nerds.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s revenge of the nerds / little guys.

It's not. These are dumb bros following a herd, not nerds.

No it’s nerds.

WSB calls it weaponized autism. The people leading it are absolutely nerds and proud of it. The people jumping in now are probably a combination of the gullible and the greedy

[Anonymous]

This is the most phenomenal thing I’ve witnessed in the stock market - previously, I thought Tesla was crazy but this is another level. The bubble will crack at some point but it’s super fun to watch.

[Anonymous]

Anonymous wrote:What would happen if one of the three major stockholders decided to cash out now? Would Game Stop immediately go under as a company? What about these daytraders and short sellers or whatever they’re called?

In a way it sounds like a stock wrist version of a Ponzi scheme.

Wanted to add: what are the possible repercussions on the rest of the market when this bubble bursts?

[Anonymous]

Anonymous wrote:

Anonymous wrote:What would happen if one of the three major stockholders decided to cash out now? Would Game Stop immediately go under as a company? What about these daytraders and short sellers or whatever they’re called?

In a way it sounds like a stock wrist version of a Ponzi scheme.

Wanted to add: what are the possible repercussions on the rest of the market when this bubble bursts?

none, every institutional player expects it to burst.

[Anonymous]

Anonymous wrote:this is not good. People are trading not on the quality of the stock (e.g., value), but rather on trends/emotion. Someone is going to get hurt. I know GME is overvalued, and if I had the guts, I would sell short, but that is contrary to my strategy of the long game.

It isn't about GME being overvalued, of course it is. At this point, it is about punishing hedge funds who overshorted stocks...because they could, and are now reaping the retribution for doing so. Likely shorting rules will be changed so as to not allow more shares than the float from being shortable. Sorry a few hedge funds might go under in the meantime. Shit happens.

[Anonymous]

Anonymous wrote:

Anonymous wrote:this is not good. People are trading not on the quality of the stock (e.g., value), but rather on trends/emotion. Someone is going to get hurt. I know GME is overvalued, and if I had the guts, I would sell short, but that is contrary to my strategy of the long game.

It isn't about GME being overvalued, of course it is. At this point, it is about punishing hedge funds who overshorted stocks...because they could, and are now reaping the retribution for doing so. Likely shorting rules will be changed so as to not allow more shares than the float from being shortable. Sorry a few hedge funds might go under in the meantime. Shit happens.

you can argue that the stock isn't even overvalued because there are still short sellers who need to close their positions.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s revenge of the nerds / little guys.

It's not. These are dumb bros following a herd, not nerds.

No it’s nerds.

WSB calls it weaponized autism. The people leading it are absolutely nerds and proud of it. The people jumping in now are probably a combination of the gullible and the greedy

They people jumping in now are the hedge fund a-holes who tried to short it and got fleeced. 😂

[Anonymous]

I'm a novice and don't plan to get involved, but I think I'm understanding the story .... Won't some of the reddit folks lose their shirts when the value corrects? Or is that bet that, if enough of them agree to stay in (not cash out), then the value stays up? That's the part I'm not following.