Does ALL of this look familiar? It should. The shorts ran this entire playbook against us. For YEARS. The reality is that GME's fight is our fight, and always was. We won because Elon doesn't know the meaning of the word 'quit' and he fought the shorts to a standstill, but Gamestop still needs help. We have to stop them from destroying yet another company with their dirty and illegal tactics!
Lets call GameStop for what it is. 1700% increase in two weeks over little change in their business outlook. This is plain and simple a pump and dump game of monstrous proportions. Fundamentals be damned. Yes, I get it. The small Retail Investors sticking it to the big bad Hedge Funds. With a coordinated effort, buy shear volume of players, the Retail Investors are now able to fight back.
I don't like the comparison of GME with TSLA. Yes, Tesla was and is continued to be targeted by Hedge Fund short selling, however this is where the similarity ends. Tesla's business model is constantly and continually progressing massively to the upside, making great products and helping to save our planet, justifying their share price run up.
Gamestop needs our help? Not from me. I am fighting the big bad Hedge Funds by continuing to hold and buy more Tesla. Hedge Funds have lost $40B shorting Tesla in 2020 alone. I am doing my part fighting without feeling the need to buy an overinflated, outdated bricks and mortar business with a run up musical chair mentality which will end badly once the game stops and another target is chosen.