Reddit's GameStop, AMC surge is the new Occupy movement

Re:Reddit's GameStop, AMC surge is the new Occupy movement by zoomablemind on Thursday January 28, 2021 @12:22PM (#25945172)

I'd wonder, if given the market dynamics, the whole sharade will unwind into even lower price of the underlying stock than at what it was before the "activity". I can't see how this could help GME or other stocks picked for this ride.

I totally get the emotional value of these stocks and the hit they took due to the pandemic. This just feels that they are used as pawns and somehow this recent emotional tension is being harvested for some other than the proclaimed purpose (to support the stocks).

[ Parent | on HN ]

Re:Reddit's GameStop, AMC surge is the new Occupy movement by cobookman on Thursday January 28, 2021 @12:31PM (#25945301)

GME could issue shares and get a large cash infusion into its business. GME could sell some of its shares to get a large cash infusion into its business.

Their market cap 19x'd up to ~19B. Having a 1B cash infusion into the business isn't crazy. Imagine what 1B of investment into Gamestop could achieve.

[ Parent | on HN ]

Re:Reddit's GameStop, AMC surge is the new Occupy movement by davidivadavid on Thursday January 28, 2021 @02:41PM (#25947839)

That assumes people will buy said shares. That's contentious at best.

[ Parent | on HN ]

Re:Reddit's GameStop, AMC surge is the new Occupy movement by curryst on Friday January 29, 2021 @02:03PM (#25960977)

There's a short squeeze; people will have to buy. Most of the shorters would probably love to just clear their short if they could buy at a semi-reasonable price. GME has to know their stock is inflated. They could sell stock for 75% of the current market value and still be making money hand over fist.

That would, however, crash the price.

[ Parent | on HN ]