The price drop is because of market manipulation and the current price doesn’t represent fundamentals. We all know GME is worth more.
But the price has been gradually decreasing ever since the January 2021 sneeze and this thread over at SS suggests the line reaches 0 around 1/1/2024.
I don’t think it will actually hit 0 but I know I’m going to be buying more in November and December.
Point is don’t let this rattle you. I bought my first share at $448.30 so why wouldn’t I buy more at $1?
The finish line isn’t out of reach any more. We’re going to lock the float, and we’re going to do it fast. Buckle your seatbelts.
This dying company is objectively a terrible investment. It’s lost 95% of its value since OP bought in, and they’re proud of that.
Your description of what happened is nearly identical to what you dismiss as “plainly false.” You openly mention several companies killed or nearly killed by your collective actions - as if that disproves the accusation that a company flipped out when your collective actions nearly killed it. Because crashing more of them is better, somehow.
You flit between rugged individualism and the sheer force of your collective action as it suits your narrative. How could you bear any responsibility for endorsing the stock, just because you say it’s an incredible investment that’s deffo going to explode any minute now, in a forum exclusively about promising it’ll go up up up? People have to make their own rational decisions, based on your hand-wavy insistence that being delisted for shite performance is great news, and the undercurrent of David versus Goliath delusions to justify inevitable losses.
You all bought a stock that went down and it ruined at least one brokerage. There’s more detail behind it, but no differences that matter. None that justify this generic heroism about threatening “the system.” Over Gamestop. With your several thousands of dollars. You are never going to impact global banking beyond the changes already made - specifically to prevent that bizarre event from happening again.
great man, thanks. you’re clearly a financial expert and your opinion is very valuable to me. i look forward to hearing more of your crafty storytelling that derides the delusion of GME investors while completely dismissing every relevant detail that you don’t like.
OP losing a shitload of money and looking forward to losing more is a relevant detail. You’re ignoring it by claiming you’re not responsible for anyone following your ecstatic endorsement of this one particular stock, which you sometimes insist isn’t the only thing this is about, even though the sub is named for it.
But sure dude. I’m the one with a warped view of reality, suggesting ‘we’ll stick together no matter how much money we lose’ is an insular denialist behavior pattern.
I couldn’t convince you the sky is blue, and that is the problem in full. But it’s not a problem with me.
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Read the title of the post that you are commenting on: “GME is likely to drop below $10 before 2024.” This is the opposite of promising that the price will explode upwards any minute now.