At this point, it doesn't look like its about the profits anymore, it looks like its about moral code now. Sentiment looks like retail investors plan on holding.
The psychological aspect of people sticking it to financial institutions may be the next driver for $GME.
From the amount of times $GME has been mentioned on Reddit, Twitter and Facebook groups, the sentiment looks like retail investors plan on holding.
What happens to price when there is demand and no supply? You guessed it.
On the flipside, this thing can either go up to $1,000 or down to $100 by Friday, as options expire on Friday. Do hedge funds have a trick up their sleeves?
IMO, after this fiasco, federal regulators will need a scapegoat to blame, and do something to regulate this. People in power hate looking foolish. This will be interesting in the next couple of weeks.
Like GameStop Says, "Power to the People". How ironic.
Submitted January 27, 2021 at 01:15AM by TonyLiberty https://ift.tt/3cmUlke
