BREAKING: GameStop stock, $GME, is now up another 35% in after hours trading putting the stock 110% higher than yesterday's close.
— The Kobeissi Letter (@KobeissiLetter) June 6, 2024
GameStop has now added $9.5 BILLION in market cap over the last 12 hours.
It's also now a $20 billion company making it one of the 400 largest… pic.twitter.com/QcNwAQUn0D
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Be very careful here playing gamestop folks….
Anything you leave in the market needs to be held in non-US-dollar securities (e.g. physical gold ETF’s, GLD is not one of them).
You are correct, this is funny money and you can lose your shirt at anytime the feds stop pumping illegal printed dollars into the market to prop it up. Gold, silver and any solid tangible asset will keep you solvent when this entire fed pyramid scheme collapses.
Looks like a classic pump and dump cycle and a lot of people are gonna take a bath to the benefit of a few whales. Ponzi-ish.
when this one stops it’s gonna be a solid line straight down, GameStop is a beaten dead horse, which one person is still flogging, and the lemming are following. Some will make money some will be duped.
That “after hours trading” should be made illegal, this is when the real money is made and rest of us get screwed.