BB has promise but I still think the window is a couple years out
Yet GME is back up flirting with $200 based on magic and unicorns.Well that to the moon stuff seems to have hit a mountain. If you bought since 11/24, you're underwater. In my opinion any price over $35 is way overpriced and unsupported by their future prospects, or current operations.
It's almost like there's mountains of data that have been forming over the past couple months to corroborate the squeeze play, and has even been acknowledged by brokerage CEOsYet GME is back up flirting with $200 based on magic and unicorns.
From $4 to $500 down to $40 back to $200.... Dafuq.
1st Gear: Tesla’s Stock Is Down
Tesla is, as of this writing, valued at $540 billion, but that is down from the $834 billion peak that its market capitalization reached in January, itself an unreal number. This is all, of course, tied to how Tesla’s stock is doing on Nasdaq. Tesla’s fall has continued since last week. Reuters says that it could be due for more damage:
Shares of Tesla Inc closed lower for a fifth consecutive session on Monday, caught in a tech-led selloff that has wiped more than $277 billion off the company’s market value over the last month.
High-flying tech stocks, which powered the market’s rebound from the pandemic lows in March last year, have been hit by a one-two punch of rising yields and investors shifting funds to sectors poised to benefit from a recovery in the global economy aided by accelerated rollouts of COVID-19 vaccines.“People went into this stock super aggressively to drive it from $40 to $900, and that means will usually come out just as fast,” said Roth Capital Partners analyst Craig Irwin.By “retail” that analyst is referring to individual people who go on websites like Robinhood and plunk down some money for shares of Tesla, as opposed to big funds who buy in because Tesla became part of the S&P 500 or something. Retail investors are stans, largely, which is not necessarily a bad thing but usually a bit irrational.“It was obviously overdone both at $200, and I would say well overdone at $900. Retail often doesn’t sell as fast as the institutions, so the correction could last longer than for other tech stocks.”
That said, what I wouldn’t give to go back to when I was in college and a big fan of a company called Apple that made neat weird computers and whose stock cost around 25 cents.
Relevant tweet.AMC and GME have massive drops at the same time then immediately shoot back up... Nope, nothing to see here
GME dropped 176$ in 20 minutes, over 50% from it's high at 348, to 172, and is still green for the day at the time of writing at 260