I assume some of you must have heard about the Gamestop Reddit scenario.....basically a ton of small investors bought heavily into a failing company to stop the Hedge funds cashing in if it go’s under....shorting the stock.
This action kept the company afloat and forced the share price to a galactic level.....well things settled and now its back on....so I though I’d give a few hundred and see what happened.
The stock increased by 130% at close yesterday, ..dropped to 80% at the moment....projection of between 500% - 800% in the coming fays / weeks....its wild but interesting !
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https://www.studiowear.co.uk/ -
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But then what do I know? I am trying to swing trade in crypto at the moment lol
* do your own research, markets can go down as well as up, if in doubt consult a qualified financial advisor rather a bunch of random guitar fanatics on the internet.
As a short term money grab...it's possible to take the profit and run. It will bounce back when things reopen but they will need to shift their position to stay afloat, perhaps more into hardware resaler, more like Best Buy and merch, perhaps market the vintage gaming side like Super Potatoe.
https://www.studiowear.co.uk/ -
https://twitter.com/spark240
Facebook - m.me/studiowear.co.uk
Reddit r/newmusicreview
But the Gamestop story isn't about Gamestop or its long term viability but about a bunch of ordinary citizens taking on capitalism using the hedge funds. Gamestop was identified as being targeted by a group of hedge funds and the Reddit investors piled in to attack those hedge funds. If it hadn't been Gamestop it would have been another company's shares.
I've written mine off. I'm not gonna sell it unless it squeezes, and we've already seen that as soon as the price rises they close the market and have a congressional hearing haha.
https://www.studiowear.co.uk/ -
https://twitter.com/spark240
Facebook - m.me/studiowear.co.uk
Reddit r/newmusicreview
Minimum buy per order is £15. I don't know if i am doing it right or wrong...there are lots of different platforms but i am using USDT mostly, as opposed to BUSD. They all seem to go the same direction between them with the same prices.
p.s. that Cyrpto went to 0.6 now, gained 20% between posts!
Honestly, look at it from the perspective of having some fun, don't put in what you can't afford to lose. That's how i see it.
Disclaimer - I am not a financial advisor, and this is not financial advice, always do your own research.
TO THE MOOOOOOOOONNNNNNNNNN
he is very rich though and can afford to lose if he gets it wrong, I have to be a little more circumspect!