The Exact Same Thing That Is Happening To GameStop Is Eventually Going To Happen To The Stock Market
Michael Snyder (Opinion) - A stock is only worth what someone is willing to pay for it at a particular moment in time. Sadly, this is a lesson that many GameStop traders are learning right now. Just a few days ago, GameStop had surged above $300 a share and a lot of investors that had gotten caught up in the frenzy thought that they were suddenly rich. But you only make money in the stock market when you get out. Those that sold at the peak of the bubble were extremely fortunate, but most GameStop investors are determined to hold on to the bitter end, and the end will definitely be quite bitter indeed.
I think that it is great that a horde of retail investors want to punish the short sellers, but GameStop is definitely not a long-term investment.
So it was quite bizarre that “the Reddit army” was able to push the price of the stock to more than $300 a share. Ultimately, any really determined group of investors can temporarily pump up the price of any stock, but in order for it to stay elevated there must be buyers that are willing to purchase the stock at that level day after day.
Everyone knew that GameStop was going to come back down, and that has happened in dramatic fashion during the last two trading sessions…
Shares of GameStop sank further on Tuesday,....READ MORE
MichaelSnyder is a nationally syndicated writer, media personality and political activist. He is the author of 5 books including his latest, Lost Prophecies Of The Future Of America” which is available on Amazon.com. He has four others that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. Michael allows others to republish his work on other websites because he feels people need hope more than ever before, and its his goal to share the gospel of Jesus Christ.