I have no idea why it suddenly spiked up. Unfortunately I only noticed after the market closed so I'll have to wait until tomorrow to sell... maybe prices will dip again by then. But if you still have your GME or other meme stocks you might want to start paying attention again tomorrow morning, because GME isn't the only stock that went up.
Remember, don't get greedy and wait for the stock to be $1k, or hell even past $300, otherwise you may be stuck holding the bag a second time.
Edit: I'm not saying buy it high again lol. I know I did that the first time around and regretted not selling when I was telling others to.
I'm just saying if you're still stuck with expensive tickets to the dumpster fire show tomorrow might be a good time to redeem them. :elmofire:
The root problem still exists: there are more obligations to buy GME than GME stocks exist.
But the bourgeoisie will do everything in their power to prevent that problem from bubbling over.
The whole GME thing was/is just a bunch of bourgeoisie suburbanites fucking with working class people trying to inflate the value of a shitty stock they probably spent $60,000 on so they can make money.
Source: Hundreds of posts on /r/linegoupbets where people put $60,000 or even $100k into GME and were posting huge gains. The feel good posts were mostly fake, or misleading to further feed into hype. :stonks-down:
Your sub-class analysis of the movement isn't incorrect, but it would be foolish for anti-capitalists to not see this as an opportunity to win over a great deal of people, both participants in this demonstration against high finance and the onlookers.
Also, speaking as someone raised as a white "middle class" suburbanite (and unfortunately still stuck there for a little longer) they really have no exposure to any of the stuff we talk about. They aren't aware of all the things we're disgusted about, and to cast them aside because they have no concept of material value is just as bad as casting aside the lumpen proletariat for being unproductive. We STILL have a long road ahead of us, and we STILL don't have anywhere near enough momentum on our side. You're going to dismiss (and openly so) 10M+ people that are clearly dissatisfied with the system as is because they're white, uneducated, and materially advantaged?
I get where you're coming from, yes they are reactionary in a lot of ways but I used to be just a little over 6 years ago too, this is a critical point in their potential radicalization (or at least a small portion of it, 10% would still be 1 million people).
There was news that the old CFO got let go. At the risk of sounding like a lib (but what else is this comm for?), the CFO probably had a big hand in Gamestop's stagnation and decline, so firing him is probably good news if you care about GME's longterm outlook. That being said, this spike is pure speculation designed to hype up this news up to catch a bunch of unfortunate marks again.