Amps In it until Gamestop announce something mate. Until then, the price is an illusion. It dropped to $38 at one point and then came roaring back to $350 earlier in the year mate - if you can’t hack a couple of dollars drop, maybe it’s not the stock for you - invest in alt coin crypto instead - much more reliable 😃 😉
If you want some good news, it appears the DRSing of shares is starting to have an effect on the cost of borrowing - see https://iborrowdesk.com/report/GME - where it’s went up from 0.5% to 0.8% recently. Doesn’t sound like a lot but multiply that by however many millions of shares get borrowed and it adds up. Hopefully it’ll keep ticking up as the available share pool reduces because then the shit will really hit the fan. That borrow rate has been kept artificially low for the last nine months but they’ve got no choice but to raise the rates because it’s costing them a lot of money to locate shares to lend out for shorting.
Oh and people have noticed that GME and the other meme stocks are being set up to be the bad guys in financial media recently - I wonder why?
