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The New Coffee Room

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  3. The GameStop/Reddit thing is huge with the young folk

The GameStop/Reddit thing is huge with the young folk

Scheduled Pinned Locked Moved General Discussion
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  • HoraceH Offline
    HoraceH Offline
    Horace
    wrote on last edited by
    #33

    GME price movement must be nearly unprecedented. In the first 2.5 hours of trading today, it's fallen by 50%, then doubled, then fallen again by 25%. And that's all from an opening price of 40% less than the close the day before.

    Education is extremely important.

    CopperC 1 Reply Last reply
    • HoraceH Horace

      GME price movement must be nearly unprecedented. In the first 2.5 hours of trading today, it's fallen by 50%, then doubled, then fallen again by 25%. And that's all from an opening price of 40% less than the close the day before.

      CopperC Offline
      CopperC Offline
      Copper
      wrote on last edited by
      #34

      @horace said in The GameStop/Reddit thing is huge with the young folk:

      GME price movement must be nearly unprecedented. In the first 2.5 hours of trading today, it's fallen by 50%, then doubled, then fallen again by 25%. And that's all from an opening price of 40% less than the close the day before.

      Our ticker symbol was GME for a while in the mid 1980s

      When the world was young and ruled by Brooks Brothers suits

      1 Reply Last reply
      • jon-nycJ Offline
        jon-nycJ Offline
        jon-nyc
        wrote on last edited by
        #35

        EDS? Or Perot Data Systems?

        Person. Woman. Man. Camera. TV.

        CopperC 1 Reply Last reply
        • jon-nycJ jon-nyc

          EDS? Or Perot Data Systems?

          CopperC Offline
          CopperC Offline
          Copper
          wrote on last edited by Copper
          #36

          @jon-nyc said in The GameStop/Reddit thing is huge with the young folk:

          EDS? Or Perot Data Systems?

          General Motors E Class (E for EDS) when GM bought EDS

          1 Reply Last reply
          • jon-nycJ Offline
            jon-nycJ Offline
            jon-nyc
            wrote on last edited by
            #37

            Ah, that makes sense.

            Person. Woman. Man. Camera. TV.

            1 Reply Last reply
            • L Offline
              L Offline
              Loki
              wrote on last edited by
              #38

              Too early to say for sure but it appears GME had a rapid unscheduled disassembly today.

              1 Reply Last reply
              • George KG Offline
                George KG Offline
                George K
                wrote on last edited by
                #39

                IMG_4143.jpeg

                "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                1 Reply Last reply
                • AxtremusA Offline
                  AxtremusA Offline
                  Axtremus
                  wrote on last edited by
                  #40

                  I suspect most of them will have capital losses to carryover for years or even decades to come.

                  1 Reply Last reply
                  • taiwan_girlT Offline
                    taiwan_girlT Offline
                    taiwan_girl
                    wrote on last edited by
                    #41

                    A older friend once told me, "you aren't paying taxes if you aren't making money!" LOL

                    1 Reply Last reply
                    • AxtremusA Offline
                      AxtremusA Offline
                      Axtremus
                      wrote on last edited by
                      #42

                      Here we go again?

                      https://www.cnbc.com/2024/05/14/gamestop-amc-shares-jump-another-40percent-in-premarket-trading-as-meme-stock-craze-returns.html

                      GameStop, AMC shares jump another 50% in premarket trading as meme stock craze returns

                      The meme stock phenomenon appears to have been reignited by a recent social media from "Roaring Kitty." The man, whose legal name is Keith Gill, posted a picture on the X platform of a video gamer sitting forward on their chair — a meme used by gamers to indicate they are taking the game seriously.

                      1 Reply Last reply

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