Needles & Grooves

MikeH
MikeH
I should have...almost bought it last Friday.
T
TheThinWhiteDuke
@MikeH you should have even bought at close of market today before Elon appeared and spiked the price further in the afters
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duke86fan
duke86fan
i literally only NOW discovered reddits boosting it up
MikeH
MikeH
It's going to come crashing down hard. I'm trying to buy a house soon so no risky investments for me haha. There's no way I'd buy shares at $148 and I can't day trade.
MikeH
MikeH
@duke86fan its not really reddit though...it's quite a bit more complicated than that. GME traded over 98 million shares yesterday before noon. There's NO way redditors traded anywhere near that amount.
duke86fan
duke86fan
@MikeH i was hearing that it was mostly because of r/wallstreetbets betting hard on it and buying so many shares.. and elon musk liking the meme making it bump even HARDER
MikeH
MikeH
@duke86fan yea wallstreetbets brought some attention to it but the issue is now all the short sellers have doubled down because they need the stock to drop dramatically by the end of the week or some very rich people are going to be VERY angry. the redditors memeing it are a very small subsection of who is actually investing and pumping the stock.
MikeH
MikeH
it is truly fascinating to watch though. it's very possible that a hedge fund that had over $13 billion in assets goes completely bankrupt by the end of the week. good. fuck em.
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