The price drop is because of market manipulation and the current price doesn’t represent fundamentals. We all know GME is worth more.
But the price has been gradually decreasing ever since the January 2021 sneeze and this thread over at SS suggests the line reaches 0 around 1/1/2024.
I don’t think it will actually hit 0 but I know I’m going to be buying more in November and December.
Point is don’t let this rattle you. I bought my first share at $448.30 so why wouldn’t I buy more at $1?
The finish line isn’t out of reach any more. We’re going to lock the float, and we’re going to do it fast. Buckle your seatbelts.
Incorrect, multiple brokerages restricted trading: Robinhood, Interactive Brokers, Charles Schwab, Webull, Trading212, and eToro. And not just brokerages: “Other brokerages including Ally Financial Inc. and Public Holdings Inc., which runs social investing network Public.com, also said Apex Clearing halted all opening transactions on GameStop, AMC and Koss.” So it appears that you are misinformed. The GameStop short squeeze revealed a systemic risk –– not just a fluke on a single panicked website.
‘Our craze actually threatened multiple brokers!’ is worse. You know that’s worse, right? This runaway feedback loop over a meme stock flooded every trusting and newbie-friendly site you could find, that’d let you take a risky position on a dying retailer with their money, and you’re appalled they weren’t prepared to go out of business for you.
Some did anyway.
As @jersan said, you’ve got the wrong facts. In this thread, I corrected one of them –– with citations. Others have also replied.
You’re victim blaming in large part here.
The larger Wall Street complex is abusive and has been backstabbing the American and World public for decades upon decades. Your family is almost 100% financially less well-off and in worse health than they “should” be (given you’ve middle to lower class, statistically, and not some rich/wealthy person here for who knows what reason).
The fact of the matter is that the Wall Street incumbents have been with GameStop and others abusing loopholes and outright breaking the law when it comes to trading of securities and got caught with their hands in the cookie jar.
They’ve now been caught and called out and are covering it up through, in large part, regulatory capture and other means related to stock market complexity. Why is that so hard to understand?