I didn't even know what a meme stock was till just now , surely gamestop has bubble written all over it .
Bubbles pop and drop and so do squeezes so in that sense yes. is there money to be made both ways though? I think so but I am still a novice.
I'd rather short it, when the gamestop bubble will burst I don't know , but a huge crowd of retail buyers doesn't increase dividends, we'll have to wait and see, a year's time higher or lower?
One thing that would worry me with gamestop is just how much news there has been about it , this can push stock prices up huge amounts for very little logic , I can remember when blockchain first came about , there was a group of cafes which had a name which was something like blockchain cafe ( can't remember exact detail ) but it had nothing to do with blockchain , they simply sold coffee , but stock price quadrupled or something , though the business had been stuck in doldrums for years before.
I will let you know IMO higher or lower later tonight after i have done some more research. I appreciate the conversation so far, thank you.
I believe yahoo after hours currently has gamestop at 134, so I guess I have to say for the second time on this thread " I told you so ".
yes it is looking pretty dire for sure...definitely looks like she is headed back on down...good thing i hedged my position with puts early on, they may do quite well in the following weeks.
Yeh if I had to guess I'd say downwards especially as it starts to slip from the news , without publicity normal values will probably resume .