(05-15-2024, 09:29 AM)flsprtsgod Wrote:

(05-14-2024, 07:44 AM)flsprtsgod Wrote: If anyone is paying attention, the Redditors are pumping Gamestop stock again. I got in yesterday at $26 and it's currently at $71 in the 24 hour. Looks like the little guys are going to fleece the big boys again.

Just to update, I sold at $68 yesterday morning. I made $5k on the day, told my wife I just paid for our summer vacation. Was fun while it lasted.

(05-17-2024, 04:40 PM)jagibelieve Wrote:

(05-15-2024, 09:29 AM)flsprtsgod Wrote: Just to update, I sold at $68 yesterday morning. I made $5k on the day, told my wife I just paid for our summer vacation. Was fun while it lasted.

Good on you for taking the gamble and winning.  It's back down to $22.21.

Just my opinion... these kinds of trades are pretty much just a gamble.  I wouldn't really call it "investing".  I would rather put the money into a quality stock or ETF for a longer term.  I still get the same result, it just takes a bit longer.

Supposedly will be going back up this week as they moved shorts to the 21st. The stock is primarily trade off market with fake shares. DRS a few shares and hold them in case they are ever made to cover the shorts with real shares. You will be able to name your price if it happens.

Gamestop announced some options they have for selling shares in the future. Looking like they want to profit off the shorts and the board members have been buying stock, so I doubt they think it will hurt the stock price.

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