Let's get real, GME is not some new innovative company turning multiple industries upside down. Sure I'd like to see the shorts get spanked but GME is not a company to be excited about. If it weren't for all the hype started by WSB none of us would ever look at GME and most of us would expect it to be a dying business model trying to reinvent itself.
Exactly! When this saga first blew up at the end of January I jumped in to be part of the fun and stick it to the shorts.
I joined kinda late but still sold some of the shares I bought with profits on first peak above 400 and kept some shares to ride it out.
Then I doubled down with more money thrown in in the 100-150 range, but then it went down to the $40 range and I was under water for a long time.
That's when I thought it through properly and realized it was a silly gamble and the "house always wins", i.e. the hedge funds and MMs will always win,
the little guys can get lucky here and there but will never beat the casino in the long run. I sold out everything with a small profit on the second wave runup and I am staying out of this now. Sure if you are lucky you can make good money on this volatility, but you can just as easily lose.
I'd rather play the volatility of TSLA if I want to get a "gambling" with a small portion of my portfolio on the side of long term HODLing, because with TSLA if I get stuck with some shares miss-judging a move, it is no problem to wait it out, ride out a dip. On the other hand if you swing trade GME buying in the $100-$150 range hoping to sell above $200 but it suddenly drops, it may never again get above $100, it can easily get down to the fundamental real valuation around $30-$40 and stay there or even lower forever. Simply put, GME is pure gambling with no fundamental support at these price levels, while TSLA has long term prospects, so it is much less risky to swing-trade it.