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Topic	You guys see what's going on with GameStop's stock?
LordoftheMorons 01/27/21 9:18:26 PM #138:	foolm0r0n posted... Because it's still going up. When it crashes then only shorters will be buying, because why the hell would you buy a crashing stock unless you were legally forced to? The other thing you're missing is that even if 0 of us poor suckers bought the stock, it would still be going up as shorters are forced to close their positions. THEY are the ones driving the stock up, from the very beginning. Everyone is just along for the ride and can hop off at any time. Anybody buying the stock makes it go up. Everybody getting on the hype train over the past few days has been making it go up (and are the entire reason it's been going up). Some people that sell will be the first to sell, and they will make a ton of money. But everyone needs to sell to realize any potential gains, and not all of them can be early sellers. Some of them will be late sellers, thereby selling for less and getting screwed unless they bought correspondingly early. NFUN posted... this is impressively missing the point What I'm saying is that obviously people jumping onto this want to make money. Yes, they are also finding entertainment value in hedge funds losing money, but the vast majority of them would not be putting in nearly as much if that was all they got out of it. CoolCly posted... This is like a transcript of the Citron video last week that explains why GME is a $20 stock and it's definitely going down and everyone is going to lose money, but never acknowledges the short interest that is causing this Maybe if it wasn't being shorted it would be a $25 or a $30 stock or something. It's obviously not fundamentally a $350 stock. --- Congrats to azuarc, GotD2 Guru champ! <cite>LordoftheMorons posted [p:949997823] in You guys s... [t:79253781]...</cite> <quote>foolm0r0n posted... </cite> <quote>Because it's still going up. When it crashes then only shorters will be buying, because why the hell would you buy a crashing stock unless you were legally forced to? The other thing you're missing is that even if 0 of us poor suckers bought the stock, it would still be going up as shorters are forced to close their positions. THEY are the ones driving the stock up, from the very beginning. Everyone is just along for the ride and can hop off at any time.</quote>Anybody buying the stock makes it go up. Everybody getting on the hype train over the past few days has been making it go up (and are the entire reason it's been going up). Some people that sell will be the first to sell, and they will make a ton of money. But everyone needs to sell to realize any potential gains, and not all of them can be early sellers. Some of them will be late sellers, thereby selling for less and getting screwed unless they bought correspondingly early. NFUN posted... </cite> <quote>this is impressively missing the point</quote>What I'm saying is that obviously people jumping onto this want to make money. Yes, they are also finding entertainment value in hedge funds losing money, but the vast majority of them would not be putting in nearly as much if that was all they got out of it. CoolCly posted... </cite> <quote>This is like a transcript of the Citron video last week that explains why GME is a $20 stock and it's definitely going down and everyone is going to lose money, but never acknowledges the short interest that is causing this</quote>Maybe if it wasn't being shorted it would be a $25 or a $30 stock or something. It's obviously not fundamentally a $350 stock. --- Congrats to azuarc, GotD2 Guru champ!</quote> ... Copied to Clipboard!
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