Quote:
Originally Posted by mike1498
And for the people saying if this was a pump and dump this would be over,
The 1% in GME that actually know what's going on is dictating the other 99% to hold. They know this stock can go even higher so why would the dump happen yet? Theoretically this could continue on as long as they can convince others this is a war against the wealthy. People will be holding the bag and it won't be the 1% in GME that actually understands what is happening. They know exactly what they are doing. Otherwise this would be a "war". They know these 16 year olds on a discord have no clue what they're in.
Seriously, if you don't believe me, join a stock discord. The people the heaviest invested are telling these newcomers what to do.
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This.
They are correct holding the line at least until tomorrow when options expire, financially speaking. There is no exit strategy, however, that doesn’t dry hump a majority of the investors. Just looking at outstanding shares and the average volume this week, the average cost basis for GME in total has to be somewhere in the $130-$200 range if not more currently. Even if the end position leaves the stock at 100% over pre pump position some 50% of investors closing red or bag holding until eternity. I guess on dividends you could turn green in about 20-25 years.
01-29-2021, 12:09 AM
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