I know people are having fun with it.. but pretty soon the whole meme stock and ride the squeeze play fun is going to leave a lot of people holding the bag.
I can see why some people feel this way. I think a lot of people do.
To that degree I think that some meme stocks are starting be “contrarian” plays all over again. Which is I don’t believe this stock (in my case GME and BBBY) is going to zero.
I think those that placed big bets on the opposite side are going to be future buyers. The other side believes I’ll be a future seller.
To use GME’s direct shareholder numbers as an example. 5 million shares registered last fall. 10 million registered in March. And now 15 million. I still think the long long game will be epic.