Posted by: @rambo

@lannie

Shares ofGameStop(NYSE:GME)extended their torrid recent gains on Wednesday as a horde of traders rushed to buy the video game company's stock in attempt to crush short-sellers and drive its price to astronomical levels.

As of 1:25 p.m. EST, GameStop's stock price was up a shocking 125%.

Yet the stock's incredible rally could be nearing its end.

1. 1,000 hypemen buy a Gamestop stock for 10$ each per stock ( 2,000 shares)
2. they create a hype online
3. 100,000 more join because of the hype = 10$ jumps to 50$ per share
4. surge makes people crazy then another 200,000 joins = 50$ per stock becomes 150$
5. more people come = $150 becomes $450 

 

now the 1st 1,000 hypemen earned $900,000 USD.. 

 

 

How can Reddit users create hype on a targetted stock? 

Posted by: @rambo

@lannie

Shares ofGameStop(NYSE:GME)extended their torrid recent gains on Wednesday as a horde of traders rushed to buy the video game company's stock in attempt to crush short-sellers and drive its price to astronomical levels.

As of 1:25 p.m. EST, GameStop's stock price was up a shocking 125%.

Yet the stock's incredible rally could be nearing its end.

1. 1,000 hypemen buy a Gamestop stock for 10$ each per stock ( 2,000 shares)
2. they create a hype online
3. 100,000 more join because of the hype = 10$ jumps to 50$ per share
4. surge makes people crazy then another 200,000 joins = 50$ per stock becomes 150$
5. more people come = $150 becomes $450 

 

now the 1st 1,000 hypemen earned $900,000 USD.. 

 

 

Wow, they have become a millionaire in one day. 

Posted by: @rambo

now the majority of the stockholders are selling their stock! the stocks went from $450 to $90 stockholders. 

so the late comers lost their money. 

 

Reddit trader who led GameStop stock frenzy loses $13 million in one day

https://www.cbsnews.com/news/gamestop-reddit-trader-loses-13-million-one-day/

Posted by: @lannie

Posted by: @rambo

@lannie

Shares ofGameStop(NYSE:GME)extended their torrid recent gains on Wednesday as a horde of traders rushed to buy the video game company's stock in attempt to crush short-sellers and drive its price to astronomical levels.

As of 1:25 p.m. EST, GameStop's stock price was up a shocking 125%.

Yet the stock's incredible rally could be nearing its end.

1. 1,000 hypemen buy a Gamestop stock for 10$ each per stock ( 2,000 shares)
2. they create a hype online
3. 100,000 more join because of the hype = 10$ jumps to 50$ per share
4. surge makes people crazy then another 200,000 joins = 50$ per stock becomes 150$
5. more people come = $150 becomes $450 

 

now the 1st 1,000 hypemen earned $900,000 USD.. 

 

 

Wow, they have become a millionaire in one day. 

I think this is a case of the richer getting richer and the poorer is getting poorer. Reddit users are amateurs so they tried to emulate the top 1% high-ups in the trader world. 

@lannie

how much did he start with?