LogFAQs > #949945623

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, DB5, DB6, Database 7 ( 07.18.2020-02.18.2021 ), DB8, DB9, DB10, DB11, DB12, Clear
Topic List
Page List: 1
TopicStock Topic 14
red sox 777
01/26/21 2:47:23 PM
#445:


masterplum posted...
This just isnt an applicable comparison because those stocks are held by people who want to hold stocks. The demand is being fueled by people who are on the stock market

The demand for GME is fueled by memes and greed. That is going to evaporate when people pull out.

I think people in GME see it as a tremendous short squeeze opportunity. I don't think this is primarily a FOMO run, and also I'm fairly confident that the vast majority of long stock now held was acquired at levels far below here. And of course it will collapse after the peak of the short squeeze is reached, but it could start collapsing from levels far above here.


---
September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!
... Copied to Clipboard!
Topic List
Page List: 1