Is anyone still holding GameStop? I have two buddies that are absolutely sold on this skyrocketing. One of them has 70% of his 401k in it. Just wanted some other opinions on this topic. Are there really a shit ton of synthetic shares of GME or is it all bullshit?
Posted: 6/8/2022 9:38:39 PM EDT
[#1]
Quoted: Is anyone still holding GameStop? I have two buddies that are absolutely sold on this skyrocketing. One of them has 70% of his 401k in it. Just wanted some other opinions on this topic. Are there really a shit ton of synthetic shares of GME or is it all bullshit?
Yea I know it’s insanity but is there any truth to GameStop still creating lots of issues from short positions causing the stock to sky rocket?
Posted: 6/9/2022 10:56:26 AM EDT
[#7]
Sincerely doubt they are going to “skyrocket “ from earnings at least. Not good at all. The short interest ratio is about 1/3 of what it was 1st qtr of 2021 high. As far advice, I’m not that guy.
Posted: 7/8/2022 1:48:51 PM EDT
[#8]
I'm curious how his 401k plan administrator let him purchase GME.
Posted: 7/8/2022 1:56:42 PM EDT
[#9]
Quote History
Quoted: I'm curious how his 401k plan administrator let him purchase GME.
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Its obviously easy and a non issue to do it.
You just have to think outside the box.
As an example, I bought Apple at $40 with my 401k. No problems, no permission required.
Posted: 7/9/2022 10:19:04 AM EDT
[#10]
Thats real retarded sir. I play games with my roth. But my 401k is index funds all the way
Posted: 7/9/2022 5:14:58 PM EDT
[#11]
I haven't looked at GME in probably a year. How the hell is it still holding up at $128 per share?