Re:GameStop Is Rage Against the Financial Machine
by GrumpyNl on Wednesday January 27, 2021 @06:25PM
(#25935601)
"The stock price is completely disconnected from the value of the company", this goes for most of the stock prices.
Re:GameStop Is Rage Against the Financial Machine
by slg on Wednesday January 27, 2021 @07:48PM
(#25936557)
I'm not going to disagree with you on the semantics of that, but this simply is in a totally different league. There is almost always plausible deniability that the stock value and company value are related. Meanwhile Gamestop is up over 1600% in a couple weeks with no fundamental changes to the company. There is no argument that can be made for anything else beyond the stock price being manipulated by a coordinated effort.
The stock price is completely disconnected from the value of the company. Either this is a bubble that will eventually pop and every small player still holding it will be badly hurt or the bubble doesn't pop, it continually exposes an inherit flaw in our financial system, and who knows what type of drastic and wide-reaching ramifications there could be from that including marketwide collapses.