With absolutely zero domain knowledge and not really familiar with the situation, I've got a strong gut feeling that it's gonna be easy to get burned here.
Hopefully I'm wrong, for all the people involved's stakes.
Hopefully I'm wrong, for all the people involved's stakes.
Its fun to watch but like most of high risk high reward activities you will likely lose or get lucky and then lose when you try to repeat that luck.
With that mindset you are pretty safe. You don’t “invest” in lottery tickets. It’s entertainment with money you can afford to lose.
I hope that’s the case for each and every person who bought this stock.
The WSB bet is extremely risky of course, but there's absolutely a chance that it will pay off enormously. How big that chance is, I couldn't begin to estimate.
From what I've seen, the people who are getting in late know very well that they're likely to lose money, but they're fine with that if they get to stick it to the hedge funds.