What is going on with GameStop (2024 Edition) - Explained

[@wildwheelsdarin]

I had a quick peek but didn’t want to risk losing. Greed tends to raise its head when you’re in the game. I would have likely held on too long!

[@PreetBanerjee]

"Investor, know thyself." You pass! 😊

[@drottningu]

I don't trade meme stocks like this, but in the online video games I play there is no short supply of trolls egging you on to go buy tons of gamestop.

[@PreetBanerjee]

Thanks for sharing that - that’s very interesting!

[@tonysim4290]

What about the difference today were so much more retail have taken ownership of their shares by DRS?

[@johnnyflannigan136]

Must be a factor

[@PreetBanerjee]

I wonder if it is a double-edged sword: less shares to short so the short interest has a lower limit (and it was partly the high short interest that put GME on the radar in the first place), but a lower tradeable float also reduces shares available for covering those who are short if they need to cover. There are some other differences as well: hedge fund analysts have had three years to study how the retail investor movement in meme-stocks worked in the past and using that info against them.

[@scottshafer9813]

Great work Preet !

[@PreetBanerjee]

Thanks Scott! Love the profile pic. I miss my motorcycles (never had a dirt bike but I’ve launched myself into a tree on one lol)

[@bryanaustin8362]

Very tempted to dabble in meme stocks but somehow always resist the urge. Getting too close to retirement now, probably foolish to even consider this anymore...god give me strength!

[@PreetBanerjee]

@@bryanaustin8362 Dabbling in such a volatile, speculative strategy is very high risk. It’s better to think of it as gambling!