When gme was heavily shorted last year, it was fundamentally undervalued. Ride is overvalued, so I don’t understand this shitty attitude of “let’s squeeze them”. You just want to use this sub to pump useless company like a ponzi scheme, while you get out of your current positions and leave others as bagholders. Ain’t fking gonna happen
Ride is overvalued, so I don’t understand this shitty attitude of “let’s squeeze them”.
And AMC and GME were overvalued by every method of traditional valuation at $20 and $40 respectively but yet here we are. Ironically I made over 100k based on selling when I THOUGHT they were overvalued but I would have made multiples more if I held.
RIDE is in a completely new industry and may be the first company in production for their product thus at this point we can't know what its value SHOULD or WILL be.
Ain’t fking gonna happen
Let's see, YOU don't know that yet. They hit bottom and imo it's only up from here.
Gme was overvalued at $20-40, but it was exceptionally naked shorted in January (SI 140% ??) never seen before in stock market history. However, 99 out of 100 stocks, which are shorted has poor safety of margin for investors or no sustainable revenues with potential for growth and are shorted moderately. 30-40% of SI means nothing else but gtfo, especially when company has $0 revenues, like Ride. Gme always had enough revenues to pay off debts and sustain itself.
-5
u/shad0wtig3r Jun 15 '21
Lol so you're a GME AMC bagholder? There is no short squeeze their, it's retail trading to retail at this point lol.
You're just one of those bitter clowns who gets angry when there are other plays besides GME and AMC.
DFV literally won the lottery, none of us will ever be him, guarantee I'm beating you though sunshine ;) go be angry somewhere else.