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Message
re: GameStop short sellers are still not surrendering despite nearly $20 billion in losses
Posted on 1/29/21 at 12:45 pm to Grateful Reb
Posted on 1/29/21 at 12:45 pm to Grateful Reb
Downside potential substantially outweighs the upside potential of GME right now. Could take -1000% losses compared to maybe making 300% on your money at this point, in the best case scenario. You’re a complete idiot and should not be investing if you are buying GameStop at this point.
2
Posted on 1/29/21 at 12:49 pm to Fox McCloud
quote:
You’re a complete idiot and should not be investing if you are buying GameStop at this point.
Yeah... but that's not the play here. Conventional wisdom held this was an easy short to make money on.
Posted on 1/29/21 at 12:55 pm to Fox McCloud
quote:
You’re a complete idiot and should not be investing if you are buying GameStop at this point.
I dunno. If one is putting money in it at this point I'm sure they look at it not as investing per se but more as entertainment. Much like gambling at Las Vegas. One could put a couple of hundred bucks down that they knew they were going to lose, just for the sheer entertainment value alone.
Posted on 1/29/21 at 12:57 pm to Lonnie Utah
Sure I’ll give you that. Small amounts whatever but I see a large amount of people putting everything they have on this thinking they are going to get rich.
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