I don't think you really understand how markets work. If no one bought >300 it would never have gone >300.
usually like all ponsy systems the money lost must come from the working class people and the money won must go to the upper class elitists hedge fund managers THAT is how wall st is designed which is why reddit club members made the point to illustrate that wall st is out of control
I see Gamestop is hovering around 49-50... rather than the 20 prior to the Reddit-based fun. I presume this is because of the financing they managed to achieve during the bubble?
I don't think it has anything to do with financing does it? There is less short interest now (I presume) and more long interest. There's still plenty of time to go lower if the overall market corrects or when the next earnings figures come out.
Sure - but I was guessing that the increased long interest is due to the financing and perceived additional time to turn the business around that it has bought them. Without the financing I wouldn't see it hovering at 50, but rather slumping back to the pre-spike quite quickly.
I thought they did... or am I thinking of AMC??? Please Register or Log in to view the hidden image! Doh! It was AMC!!! My bad. Forget everything I said. Nothing to see here. These aren't the comments you're looking for. Move along. Move along.
i wonder how many people bought in at 200 and are now still sitting on their 75% loss hoping it will go back up above 200 where did all the money go ? lol winners gotta win