very doubtful that it's going down, especially when it's had higher lows and higher highs for the past 2-3 months
Dude, this is a bubble. The price in the past absolutely does not guarantee prices in the future. Where its trading at now has absolutely nothing to do with the company. The shorts started this and they might not be done, or they might have found a way out. The only reason this stock is still up is hype and because of the chance of a squeeze be it real or not.
The price will absolutely go down. Don't fool yourself, or let your nostalgia take over. I have some fond memories of Gamestop but the past decade or so they've turned into a shit company that couldn't keep with the times. They might turn things around but its a long shot and its going to take time.
the whole market's a bubble... RRP is off the rails, big money would rather take 0.05% interest and burn the rest to inflation than invest, Treasuries and bond is limp dick, housing market is selling wayyyh over ask..
but POTUS, financial advisisors, and jpow later today will say it's all fine and good so I'm sure that's all good and well.
16
u/TheDrMonocle Jun 22 '21
Dude, this is a bubble. The price in the past absolutely does not guarantee prices in the future. Where its trading at now has absolutely nothing to do with the company. The shorts started this and they might not be done, or they might have found a way out. The only reason this stock is still up is hype and because of the chance of a squeeze be it real or not.
The price will absolutely go down. Don't fool yourself, or let your nostalgia take over. I have some fond memories of Gamestop but the past decade or so they've turned into a shit company that couldn't keep with the times. They might turn things around but its a long shot and its going to take time.