/biz/ - Business & Finance

Four roses, neat please.

etrade let me buy at $250, but scwhab (TD ameritrade) is saying it's still halted.

You guys made one of the worst sell offs in recent history this morning. (((They))) are hurting for sure.

Anyone know when GameStop will restock PS5s? I want to give them back my gains.

I don't think game stop is ever coming down. Retail investors are buying up. Say if 1 million people buy at $200 or whatever price target. They will continue to hold even after it drops. Retail investors are not algorithms that trade automatically. They will be millenials that know what they got. If the shares they bought was throw away money, why would they need to liquidate? They could hold indefinitely if they really wanted to. There isn't sale limits in place automatically doing trailing sales. Retailers are not that smart. It's not going to be a quick end like Porsche. This is a million people, working, doing errands, different thoughts.

Worst case scenario, it drops to maybe 50-80 which could be a healthy enterprise value of revenue times X. Best case scenario, it remains overpriced $150-$300 like Tesla following no fundamentals. With the only people left holding the trash bags being the shorters.

Disclaimer: This is not financial advice. I exited at $330, but may by tomorrow at the dip with throw away gains.

Will the rocket blow up?

Challenger has exploded.

The rocket has exploded.

All aboard the GameStop rocket.

I hope you are ready.