(02-01-2021, 08:26 PM)Jags Wrote: So, what’s wrong with the average person cashing in on this GME “phenomenon”?   I don’t think, or get the impression, that any one here is trying to “stick it” to the hedge funds or short sellers.  So why not make a buck off it?

I suppose there's nothing wrong with the average person gambling their money away if they want to.  When a stock is overvalued, smart money gets out.  When a stock is undervalued, smart money gets in.  

I think a lot of people don't understand what the stock market is, how it operates, and what buying stock really means.  This includes people who think they can "#saveAMC" by buying the stock.  Maybe they can save AMC investors by enabling them to sell out at a higher price that they would have otherwise.  But buying AMC stock does absolutely nothing to put butts in theater seats.  

The "GME phenomenon" is just a pump and dump scheme.  Someone is going to buy low and sell high, and someone else is going to buy high and sell low.  I would bet the average person who tries to cash in on the GME thing is going to buy high and sell low.  Someone was buying GME at 469.  Someone else was selling GME at 469.

If you want to make money in the stock market, there's a really easy, completely reliable way to do it, that involves little effort and no risk whatsoever.  Buy an index fund and forget about it for 20 or 30 years.

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