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Two weeks ago Gamestop was worth $20 a share. Today it's worth $350. As I just heard on CNBC: for the same money, you could by Gamestop or you could buy Delta. Why is this happening? Because a reddit sub saw that Wall Street was bearish on Gamestop and got annoyed. So in order to Stick it to the Man, they started buying. And buying. And buying. And it worked! Cost hedge funds billions, earned assumed to be real redditors millions (on paper). Meanwhile, Gamestop is still dying, though it feels better about it.
I predict that next week there will be a run on Kleenex.
https://www.cnn.com/2021/01/27/investing/gamestop-reddit-stock/index.html
I predict that next week there will be a run on Kleenex.
https://www.cnn.com/2021/01/27/investing/gamestop-reddit-stock/index.html