As far as I can tell, WSB decided to all buy BBBY (Bed Bath and Beyond) at the same time because the CEO of Gamestop :stonks-up: had a significant amount of the stock. The stock price went from about $5 to $27 in a week. Then there were rumors that Gamestonk man sold his shares and the price slid down to about $18 today. The rumors were confirmed and the price has slid down to $10.65 so far in the after market.
An unfortunate aspect of all these bubbles is that savvy, well-informed insiders tend to be the ones who end up with profits at the end, while regular people who were attracted only by the promise of quick riches get left with the losses.
Congrats on the big pay day Gamestonk man.
I hope nobody here fell for it or even knew about this.
I think there will probably be another doomsday cult about this. These people posted all through this, bought high, and are now trauma bonded together by their catastrophic losses.
they’re still nut hugging the gamestop ceo, saying he’s only selling to buy back again. I feel bad for them but they’re so far gone.
Always remember that there are A tier meme stocks and bottom feeder meme stocks like bbby. Amc was poised to go up for stupid reasons so bbby was activated to kill its momentum. Also people always take their gains and dump them into dumb stuff like penny stocks and weed, so invest in then dump that.
