Re:GameStop Is Rage Against the Financial Machine
by SomewhatLikely on Wednesday January 27, 2021 @05:23PM
(#25934940)
The daily volume is higher than the total number of shares for the company. Lots of people are locking in their gains. Of course someone else is taking their place at an even higher cost basis.
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Re:GameStop Is Rage Against the Financial Machine
by Uehreka on Wednesday January 27, 2021 @06:35PM
(#25935682)
In the end I have a feeling it’ll be something like: the first 1% to invest will make a fortune, the first 10% to invest (who are selling now and maybe tomorrow) will be able to pay off student loans, credit card debt or maybe buy a car, but then the other 90% will either lose small or lose big.
I’d guess that in the future if you run into someone who traded GME this week, you’re more likely to meet a loser than a winner.