GameStop : GME
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- Posts: 144
- Joined: Sun May 10, 2020 12:55 pm
Yet he still put the money in, just goes to show, sheep mentality and fear of missing out. I always used to think if everyone is buying this we must be at a top or its been pumped ready for some big house or holder to dump. I stopped trading financial markets as I am of the age I cant afford my investments to go wrong as I dont have the time left to negate any errors I make.
- superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
Hedge fund made $700m from GameStop
https://www.wsj.com/articles/this-hedge ... 1612390687
https://www.wsj.com/articles/this-hedge ... 1612390687
The GameStop surge is often cast as a triumph of amateurs over professionals. Which it was, to a degree. But it also was a trade that pitted professionals against other professionals…
“When it started its march, we thought, something's percolating here,” said Mr. Mashaal, 55 years old. “But we had no idea how crazy this thing was going to get.”
Senvest’s interest in the videogame retailer was piqued by a presentation from the new GameStop chief executive at a consumer investment conference in January 2020.
I think the interesting thing for me in episodes like this, is that I've seen in all before and there is little or nothing, especially in this era, that you can do to stop people being stupid. So I'll just base my decision on what I think the masses will do.
This is a good article. I read this feed a lot: -
https://notboring.substack.com/p/robinh ... -robinhood
https://notboring.substack.com/p/robinh ... -robinhood
- superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
No need for anyone to do a 9-5 these days!
TikTok Investors
https://twitter.com/TikTokInvestors/sta ... 3598558213
TikTok Investors
https://twitter.com/TikTokInvestors/sta ... 3598558213
I remember when Bitcoin was in the media 24/7 and there were adverts everywhere about it and it was only at $5k, it's now almost $40k. People see BTC far exceed its price when the media hype was similar to this stock and think GME might end up there as well.
It's had a few rough day's now... obviously people are still holding it... seems like they're gonna be in it until the end, feels a little silly, it seems obvious that their plan worked but is now reverting.... they had some good chances to make loads of cash.
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- ruthlessimon
- Posts: 2094
- Joined: Wed Mar 23, 2016 3:54 pm