i bought gamestop a few weeks ago at 17... then sold at 20 something
fortunately i was able to get back in around 40. this is an historic moment
I tried to buy last night at $146, but I didn't get in before the market closed. Today I bought one single share at $360 and I feel like an idiot on multiple levels. Pure gambling, but it's fun.
I doubt you’d be feeling like an idiot if the short squeeze actually happens, sending the stock to wonderland ($$$$).
How do you know it is not in wonderland already? What price would you put on it? For me what is important is the fundamental valuation of the company...
Normally that's true, but I don't think the company's actual valuation has much to do with what's happening here - the company is basically worthless. The only question is how much money you're willing to throw away, because absolutely no one can predict what will happen tomorrow.
I bought quite a bit around 88, later theorized that shorts would be able to stair-step down to ~60 on circuit breakers yesterday (like the day they did before), so I sold around neutral. Feeling pretty dang dumb now.