| dmillos said: This is insane! I came straight to the forum as soon as I saw this. How can the stock market be so vulnerable? How many people have to be working together to make a stock do something like this? This is extreme gambling for me. This stock right now seems like it could either go to $1000 or to $1 in a matter of hours. |
From the article I posted:
"The effect of all of this is that some Redditors have just gotten very rich on a chaotic gamble that has, for the short term, worked out. The Redditor DeepFuckingValue, who continued to buy GameStop stock as his long-term bet paid off, has dumped more than $700,000 into the stock; according to screenshots they have posted, their stock in GameStop is now worth more than $7 million."
That's just one guy. I am sure there are others. They are taking huge gambles to make the stock move like it is.
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