Analysis: To the brink and back on GameStop – Wall Street vs Reddit

DerekJohnson

https://whtc.com/2021/01/31/analysis-to-the-brink-and-back-on-gamestop-wall-street-vs-reddit/

PurpleThrobber

"This isn’t investing, this is insanity," said Kyle Bass, founder, Hayman Capital Management LP. "A month, two months from now, I will be flabbergasted if GameStop isn’t below $100.”

Well, no shit, Sherlock. And that's still an $80+ profit for the reddit bros.

The point of the Reddit Bros was never to make a shit load of cash. The point was to fuck with the man. Aggregate 6,000,000 of them willing to waste anywhere from a couple hundred bucks to a couple hundred thousand bucks and it turns into serious coin. They give no fucks. They are committed.

Obviously, some are going to bail on the way down but even if they lose every penny, that wasn't their objective in the first place.



GME Historical Data
Download Data
Date Close/Last Volume Open High Low
01/29/2021 $325 50,566,060 $379.71 $413.98 $250
01/28/2021 $193.6 58,815,810 $265 $483 $112.25
01/27/2021 $347.51 93,396,670 $354.83 $380 $249
01/26/2021 $147.98 178,588,000 $88.56 $150 $80.2
01/25/2021 $76.79 177,874,000 $96.73 $159.18 $61.13
01/22/2021 $65.01 197,157,900 $42.59 $76.7573 $42.32
01/21/2021 $43.03 57,079,750 $39.23 $44.75 $37
01/20/2021 $39.12 33,471,790 $37.37 $41.1899 $36.06
01/19/2021 $39.36 74,721,920 $41.55 $45.52 $36.64
01/15/2021 $35.5 46,866,360 $38.49 $40.75 $34.01
01/14/2021 $39.91 93,717,410 $38.09 $43.06 $33.05
01/13/2021 $31.4 144,501,700 $20.42 $38.65 $20.03
01/12/2021 $19.95 7,060,665 $19.96 $20.4 $19.3168
01/11/2021 $19.94 14,927,610 $19.41 $20.65 $19.01
01/08/2021 $17.69 6,481,960 $18.18 $18.3 $17.08