I've deliberately stayed away from WSB so far, but curiosity got the best of me now, and I took a look.
The amount of pumping behind GME is unbelievable. On of the top comments as of right now justifies burning a year's worth of income, just to stick it to Wall Street.
The thing is, I don't think anyone at Wall Street is touching this stock right now. The stock price is far too high for a buy grounded in fundamentals, and shorting this particular stock right now can backfire catastrophically, as we have seen.
This has the veneer of a crowd sticking it to someone they felt exploited by, but in the end, they're just being exploited by someone else.
Right now, the only ones benefiting from someone sticking a year's worth of incoming into GME are those doing the pumping.
The amount of pumping behind GME is unbelievable. On of the top comments as of right now justifies burning a year's worth of income, just to stick it to Wall Street.
The thing is, I don't think anyone at Wall Street is touching this stock right now. The stock price is far too high for a buy grounded in fundamentals, and shorting this particular stock right now can backfire catastrophically, as we have seen.
This has the veneer of a crowd sticking it to someone they felt exploited by, but in the end, they're just being exploited by someone else.
Right now, the only ones benefiting from someone sticking a year's worth of incoming into GME are those doing the pumping.