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One thing I am a bit confused about is why the stock got so high. I mean, doesn't someone have to buy it for the price to go up? Who is doing the buying when it is already super high? Maybe I am missing part of the process but I've always understood it as something like: stock = $1.00. Someone buys it and it goes up a fraction. Repeat. And the price drops when people start selling. Why is gamestop so high? For it to hit $300, someone had to actually buy the stock at $250, right? That's incredibly stupid. I have to be misunderstanding something.
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Jan 28, 2021 20:50
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| # ¿ May 15, 2024 08:31 |
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Ok...so people are buying as much as they can no matter the price because when the hedge funds shorts come due, the holders will get to sell at whatever the new price is, guaranteed? Is that right? At some point in the future, the hedge fund will be on the hook to buy up all that stock at the inflated prices. Anyone who got in when it was lower will make money and anyone at the top will pretty much break even?
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Jan 28, 2021 21:49
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