It hasn't alreadys been like this, but everything has been turned into overdrive. Where people were talking about 10% returns on investments, people are getting 1000% returns on investment.
There is some bubble going on at the moment with the repo-market, hyper inflatation and what is being coined 'the everything short', but it's all too crazy to talk about seriously. Money has always been valuable, but will becoming a millionaire in a years time be the same as it is now? It's literally a field in a database, and a sheet of paper from the future could get you there! The stock market and crypto is so similar to gambling too it really pushes those triggers in the brain.
Buy and HOLD does run counter to this though, but still, we are all still dreaming of benefiting from the chaos.
I've been full on GME for a while now, and back in January, the shorts did not cover. Not even by a long shot.
Ask me anything about GME and I will try to answer, but it does feel like some kind of echo chamber at the moment, even though I am participating, but then again everything is so crazy at the moment regardless, it might just be true.
Why doesn't gamestop just sell back a ton of stock? They repurchased >100 Million shares in 2019 for dirt cheap. I saw the news about the share selloff, but a paltry 3.5M shares isn't what I was expecting, and thats part of the reason I was extremely skeptical about GME, why wouldn't the company simply sell directly to the shorts so that they could cover?
Not screwing over ~9M wallstreetbets users, possibly resulting in a short squeeze, nets you millions of loyal customers for life. On top of that, the whole reason the stock is currently priced so high is the lack of available shares. Release slightly too much new shares and stock prices will plummet. It's not a linear relationship.
Well, I guess you're a lot more optimistic than me. I always assume that big companies don't give a shit about their customers and will always screw them over if there is some benefit in doing so.
Honestly, no-one knows, except maybe Citadel and brokers who run via 'payment for order flow'
There have been estimates using subscriber counts on subreddits and an average value which feels like complete BS, and there are some brokers who broadcast how many they own.
However, institutional ownership for the top 10 is 192%
https://iamnotafinancialadvisor.com/DD/GME/og/GMEv14.pdf
It hasn't alreadys been like this, but everything has been turned into overdrive. Where people were talking about 10% returns on investments, people are getting 1000% returns on investment.
There is some bubble going on at the moment with the repo-market, hyper inflatation and what is being coined 'the everything short', but it's all too crazy to talk about seriously. Money has always been valuable, but will becoming a millionaire in a years time be the same as it is now? It's literally a field in a database, and a sheet of paper from the future could get you there! The stock market and crypto is so similar to gambling too it really pushes those triggers in the brain.
Buy and HOLD does run counter to this though, but still, we are all still dreaming of benefiting from the chaos.
I've been full on GME for a while now, and back in January, the shorts did not cover. Not even by a long shot.
Ask me anything about GME and I will try to answer, but it does feel like some kind of echo chamber at the moment, even though I am participating, but then again everything is so crazy at the moment regardless, it might just be true.