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The New Coffee Room

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  2. General Discussion
  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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  • L Offline
    L Offline
    Loki
    wrote on last edited by
    #32

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

    1 Reply Last reply
    • 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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