Quote:
Originally Posted by PepsiFree
From what I understand, and I really don’t understand (but am going to throw money at it anyway):
- people want to stick it to Wall Street
- people want to get rich
- people buy cheap stocks en masse
- this causes short sellers to have to re-up to avoid losing out
- this balloons the stock price
- everyone then basically tries to get out at or near the peak, bringing it tumbling back down
Same thing happened with VW, I think, that is happening with BlackBerry and GameStop. There’s no real logical reason for the stocks to be going up, it’s simply a matter of people buying lots and forcing it to go up.
Again, this gained from a pretty low level understanding, but it’s the best I got.
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Gamestop seems to be the one they hope is on the VW wave. Only they think wsb collectively will be the Porsche holding shares and options, controlling the squeeze. When you have some guys holding onto thousands of shares, and some guys holding onto 1 or 2 shares, it's probably not quite as clean a play as when Porsche controlled the show.
Blackberry seems based more on using their developing software to hop onto Amazon, Tesla, and Apple's coattails to be the next big tech stock, but not wanting it to take several years to slowly build and built. Just get to Tesla numbers now!