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Both buyers and sellers of GameStop are speculators, not interested in the intrinsic worth of that stock. The "kids" who piled in on the attack could afford to lose their money, but they got a good education, while they were studying for their College Exams. (A slight exaggeration, but not much.) The slicing and dicing of legitimate stocks is the real "crime" here. I really want to have announcers say that "SPECULATORS (!) drove the market up today... (or down. Not INVESTORS!) These players don't care about the stock itself. The company got its money from the IPO and other stock offerings not from speculators yoyoing the price. High-level execs of a company do profit from the stock's movement, but that's a different story....

Feb 2, 2021
at
12:59 AM