/biz/ - Business & Finance

gme loss porn + dfu in congress triggered by buy button

It's at $50 right now, if it goes to $25 today I'm probably going to take my gambling losses and lick my wounds, but my estimation is that there are enough idealogical HODLers and the fact that people who bought at $350 are selling at $50 is just as good of a buy signal as it was a sell signal when they were buying -- these people trade exactly inverse to what you should be doing.

Congress wants to drag this plot arc out for multiple weeks with their hearing, so it will stay in the news to SOME degree til then. It doesn't make much of a story if the price is $10 by Feb 9th, so I'm making a bet that the system is rigged for attention.

If I lose I'm pretty much only gambling with Doge winnings from last week anyway, so whatever.