The GameStop/Reddit thing is huge with the young folk

[Loki]

We are likely at peak GameStop. Now it’s gets tough. In heroin lingo it’s called chasing the dragon.

[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.

[Copper]

@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

[jon-nyc]

EDS? Or Perot Data Systems?

[Copper]

@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

[jon-nyc]

Ah, that makes sense.

[Loki]

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

[George K]

[Axtremus]

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

[taiwan_girl]

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

[Axtremus]

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.