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Re:The Battle of GameStop by Spivak on Monday January 25, 2021 @10:29PM (#25912150)
I mean of course it doesn’t stay high once the shorts are covered. But everyone who sells to people with short positions will absolutely come out on top which is the point.
Re:The Battle of GameStop by ffggvv on Monday January 25, 2021 @11:07PM (#25912418)
what about the wsb folks who were tricked into buying in at 150 today?
Re:The Battle of GameStop by 3l3ssar on Monday January 25, 2021 @11:21PM (#25912506)
Anyone on WSB buying in at this price knows what they are getting into, there's no deception. It is clear you are betting on lots of other traders holding onto their shares, and hoping that the hedge funds are forced to cover and buy your shares back higher. It is also very clear at any time this could all come crumbling down.

The real concern I have is the millions of people who blindly trust a financial advisor fresh out of college, who has never made a profitable trade in their life. We've all been told to buy into indexes and that we can retire rich. What happens when the market doesn't grow for 10 years? Why should the market continue to grow if the US loses its economic superiority and population growth in the US slows?

At the end of the day, a share of a single stock is only worth what someone else will pay for it. The company or business behind a share does not matter for the average retail investor, since by owning shares they really don't control much of anything. This particular WSB saga is a bunch of people trying to force some hedge funds to pay them more money for their shares than they are worth. It is as simple as that.

Re:The Battle of GameStop by aeternum on Tuesday January 26, 2021 @03:05AM (#25913565)
If the company has smart execs, it can stay high. Capital just became very cheap for GME, a good team can put it to use.
Re:The Battle of GameStop by thysultan on Tuesday January 26, 2021 @06:24AM (#25914583)
They expect it to reach 500-1000, if they are patient and right they'll probably find gold.