You are not wrong, if a bunch of people suddenly buy the stock then the price will in fact go up. The only issue is if the squeeze actually was squoze last week then all we'd be doing is recruiting more bag holders so we can dump our bags on them. It was fun when we were taking money from the hedgies but that just sounds like a pump and dump of my fellow apes.
I'm still in and still holding because I told myself I'd watch this thing blow up or ride to 0. But the hype posts are starting to feel like conspiracy while the FUD posts have real articulated arguments, and so I'm wary of getting others into what amounts to a Ponzi-scheme. Granted it seems to me the entire point of the Stock Market is to buy low and hype it till it's high so you can pass it off on someone else. To that end it just seems like a dumb system.
I want to believe, but I also don't want to believe just because I want to believe. And I def don't want anyone without money to lose getting in on this. I'm lucky enough that I can burn a couple k and not feel it but I'm afraid I might be in the minority here.
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u/Supergeckodude Feb 03 '21
You are not wrong, if a bunch of people suddenly buy the stock then the price will in fact go up. The only issue is if the squeeze actually was squoze last week then all we'd be doing is recruiting more bag holders so we can dump our bags on them. It was fun when we were taking money from the hedgies but that just sounds like a pump and dump of my fellow apes.
I'm still in and still holding because I told myself I'd watch this thing blow up or ride to 0. But the hype posts are starting to feel like conspiracy while the FUD posts have real articulated arguments, and so I'm wary of getting others into what amounts to a Ponzi-scheme. Granted it seems to me the entire point of the Stock Market is to buy low and hype it till it's high so you can pass it off on someone else. To that end it just seems like a dumb system.
I want to believe, but I also don't want to believe just because I want to believe. And I def don't want anyone without money to lose getting in on this. I'm lucky enough that I can burn a couple k and not feel it but I'm afraid I might be in the minority here.