Quote:
Originally Posted by GMT6
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Friday it went down ALOT it bounced and went even higher, supposedly the short positions puffing the stock are still under contract for a few more days
i would not buy game at 300 thats sick , but the people in will stay for a bit, then when the bubble bombs its going to suck the dow down 2k and the nasdaq 1k as well, probably for multiple days in a row
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It doesn't really matter what its doing, the conditions for what is happening at GME doesn't exist there. GME's whole concept is that it's 120% shorted, these people will have to cover their position eventually or face untenable fees while they're holding until they go bankrupt.
Buying at 300 is fine if people just hold, but I personally don't expect people to have the balls to keep it going.