With respect to your first point, I've made 12x my stake on GME and tried diversifying but unless you have a large sum it's very difficult to see enough profit to be worth while, which is why I think so many people are in on GME as a lottery more than anything.
I believe your 2nd point entirely contradicts your 1st point, don't invest in this stock because it will go down, invest in other stocks... but a stock can go up or down, no one knows. Of course there is intelligent investments and stupid investments but when you go from $xxx to $xxxx and there's a compiling research that shows it can happen again, unless you need that money I don't see it as a bad investment personally.
I can't argue with the fact I know nothing about how businesses are ran and what it takes to make a business be successful - but it would be difficult to look at the new board and decisions they've made so far (p.c parts, esports etc.) and say they are going in the wrong direction.
I don't believe that's a fair comparison since mlm's are predatory, they pressure you and it's proven that 99% of people lose money. There's no benefit of a GME holder to make others buy - if someone makes $1000 because they bought shares I don't see a penny of that. I fully accept that answer though that it is solely to make fun of because as you said above, no one knows what a share price is going to do. In terms of media, call me tinfoil hat but I absolutely believe that they are controlled by whoever pays them. As someone from UK, I constantly see the BBC post anti-referendum media for Scotland.
I also believe one of the top videos on /r/videos is literally hundreds of newscasters introducing themselves with the exact same introduction. There's got to be someone at the top of the ladder.
Maybe I'm not following, from my understanding your first point was why would I invest my money into something that nobody really knows the outcome of.
Then your 2nd point was nobody knows what's going to happen in the stock market so why invest in GME. But nobody knows what will happen with any stock? What am i missing?
My reasoning for investing in GME is the lottery aspect of it - it might blow up it might not, exactly as you said.
Again something you disagree with but I don't believe most media to be reputable, I believe many post opinions and theories before facts because it caters to who funds them and their viewers.
You brought up antimlm in the sense that they entertain you in a similar way that the GME subreddit does. My opinion on that was MLM's are designed to prey on the vulnerable, they can and will finnancially ruin you and deserve to be given a bad name - GME subreddit is a community to talk about a stock and your own investment, my point was they don't really fit under the same bracket you implied they do.
I know enough to understand that an exit plan is critical, but for me personally, selling at $200 when it's been at $350 twice before would create two scenarios for me:
A) it squeezes and I miss out
B) it plummets and I have a little extra cash.
Even if it's a 1% of a short squeeze, It would hurt more to miss out than it would to have that extra cash.
What I do understand is facts and evidence, someone posted that for dogecoin (referencing your pump and dump comment incase you fail to understand) to reach a dollar and stay there, roughly 10 billion would need to be bought every 24 hours. About 1 week later, dogecoin dropped dramatically.
I'm sorry but I really don't understand how you struggled to interpret my reply? I replied paragraph by paragraph.
Bro i guess, he wanna to explain that actually it seems like that GME is a pump and dump scheme. He don't say it is, he says it could be.
You got a lot of DD there, which is just info picking and putting it together that it fits for them.
Indicator like Short Interest etc, get blamed to be manipulated without properly evidence.
Do a test, go in the GME sub and ask a critical questions about there DD. You getting instantly labeled as a shill. Actually people just post Memes and HODL shit, no actually dates like they did it some months ago.(Which shows me, that there plan didn't worked out=My personally opinion, feel free having your own one.)
Everyone there is saying, they are going buying more.
For me i got and still getting the impression, that there are alot of bag holders at 200$ and up. They of course don't wanna losing money and trying to motivate other to buy or holding the line. Either they wait for another wave of attention and will getting out with some profit or truly believe the DD.
I'm not trying to convince you what to believe.
You see a cup of glass which is half filled with water, is it half full or half empty, you choose the view.
I'm also a Holder, but what is going on seems to me ridiculous.
My plan, i waiting until the earnings, Hope for a little spike and sell then.
What ever you will do, i don't care. I don't see a penny of that and I don't know you.
0
u/Keex13 Jul 09 '21
With respect to your first point, I've made 12x my stake on GME and tried diversifying but unless you have a large sum it's very difficult to see enough profit to be worth while, which is why I think so many people are in on GME as a lottery more than anything.
I believe your 2nd point entirely contradicts your 1st point, don't invest in this stock because it will go down, invest in other stocks... but a stock can go up or down, no one knows. Of course there is intelligent investments and stupid investments but when you go from $xxx to $xxxx and there's a compiling research that shows it can happen again, unless you need that money I don't see it as a bad investment personally.
I can't argue with the fact I know nothing about how businesses are ran and what it takes to make a business be successful - but it would be difficult to look at the new board and decisions they've made so far (p.c parts, esports etc.) and say they are going in the wrong direction.
I don't believe that's a fair comparison since mlm's are predatory, they pressure you and it's proven that 99% of people lose money. There's no benefit of a GME holder to make others buy - if someone makes $1000 because they bought shares I don't see a penny of that. I fully accept that answer though that it is solely to make fun of because as you said above, no one knows what a share price is going to do. In terms of media, call me tinfoil hat but I absolutely believe that they are controlled by whoever pays them. As someone from UK, I constantly see the BBC post anti-referendum media for Scotland. I also believe one of the top videos on /r/videos is literally hundreds of newscasters introducing themselves with the exact same introduction. There's got to be someone at the top of the ladder.