Quote:
Originally Posted by philfree
I'm wondering if there's a handful of leaders of this cabal. Pied Pipers so to speak with lot's of cash to work with who are stringing this along. This is supposed to be the little guys doing this but I have my doubts it's just them.
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I don't think so, although you could maybe argue the guy who did the calls that are now worth 40 million or whatever certainly helped stoked the fires. But smart people with alot of money have surely cashed in big time here riding the wave. WSB isn't big enough to drive the price up 500 bucks in a week. That requires huge amounts of money and trades.
The fact is that this isn't the first stock that is over valued and a bunch of people just decided it should be worth that much. Tesla is up 600 bucks over what, six months? With no new products and they actually missed their most recent projections. Doesn't matter because of the people that just randomly decided it was cool to own tesla. FOMO and hype are the new get rich quick things in the market place, and gamestop won't be the last.