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/biz/ - Business & Finance


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26567291 No.26567291 [Reply] [Original]

GameStop isn't Volkswagen and it isn't BTC. Nobody is seriously going to buy such a worthless stock past 190 bucks. If everyone is pumping out of ignorance, the fear will set in. This is GME stock, this isn't a revolutionary currency with unlimited potential- it's GameStop. This isn't one of the worlds greatest auto manufacturers- this is GameStop. We're talking about a dying business that is supposedly supposed to lift itself out of ruin by building PCs in store? LMAO. If this shitty stock has one more major correction down- it's literally over. Panic selling like you wouldn't believe. I'll be laughing at you retards who all got shilled by a fucking redditor lmao

>> No.26567316

>>26567291
Short squeeze nigger

>> No.26567331

At 190, the only people buying are the shorts forced to cover.

>> No.26567332

Get a load of this queer lmao

>> No.26567391

>literally doesn't understand that short sellers have to buy my gme stock at $100 or just commit suicide

Read a book nigger

>> No.26567417

>>26567291
What do you think is causing the price increase? You think it's a bunch of redditors?

You have no idea what's happening and clearly don't know anything about the SM. You're right in 1 thing though, about this not being Volkswagen.

1) Read up about gamma squeezes - which is what's happening now. Melvin et al can actually prevent this from turning into a short squeeze if they are successful in lowering the price enough.

2) A short squeeze may happen, and (in both cases, what's happening now and in the future) will be not driven by fundementals of the company, but fundementals of the market.

>> No.26567482

>>26567391
You're quite literally a retard if you believe that.

>> No.26567527

>>26567482
They will just liquidate all of Melvin's assets and buy the stocks back at any price. Melvin almost got liquidated today if Daddy Citadel didn't step in to prevent the margin call.