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A comment on “WSB veterans know that they're making a suicide charge for the memes”. Parent comment

Re:“WSB veterans know that they're making a suicide charge f... by sajithdilshan on Tuesday February 02, 2021 @01:35PM (#26004739)
The hype had nothing to do with the fundamentals of the company. It was about short squeeze and gamma squeeze. The pitching point to buy the stock was that if all the retail investors buy and hold the shares, then ultimately squeeze would drive the price higher. Partially this is true and more than one squeeze happened for GameStop.

But for other shorted stocks like AMC, Blackberry or Nokia I'm not sure if the squeeze ever happened and I feel sorry for the people who are still clinging on to those stocks. It could take months, or maybe years to sell them with a break even price.

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Re:“WSB veterans know that they're making a suicide charge f... by blobbers on Tuesday February 02, 2021 @05:36PM (#26007967)
Do you think blackberry is ever going to hit a price of $28 again short of a market dynamics play like a squeeze?

Break even price? Through what, innovation? Currency inflation?

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