Three years ago
It was in the middle of December 2020 when a rather mediocre company suddenly did a 20x within six weeks and made some people very rich. Driven by a mix of social media hyped meme around the company and stay-at-home boredom, GameStop did a rallye Wall Street had seldomly experienced before.
Now we are seeing the hype coming back, ignited by one sudden tweet by one of the main influencers back in 21, RoaringKitty. He kinda posted that he is back for whatever. Literally just a picture with a guy on a chair who is bending forward. The stock did a 3x since then. That was two days ago and he is posting random meme videos since then.
It’s a great story but be careful guys. History doesn’t repeat itself, it rather rhymes. So while the stock is rallying these days, it doesn’t mean we will see another 20x like three years ago. It shows though that memes are a big narrative for investors at the moment. We saw Solana and Ethereum Memecoins explode in the past few months and so are now meme stocks exploding like GameStop.
„What goes up, must come down.“
GameStop lost -75% after reaching its hype-ATH in January 2021 and has not recovered fully since then. That’s not investing but if you are up for some gambling, fingers cross and good luck that it turns out well for you. I won’t participate though.
The truth I have never invested in shares of the company, not out of fear, it is more because I do not know where I can buy these shares safely and easily, but if I saw a video that explained the crazy increase that the company had, I am also one of those who think that the same story will not be repeated, and that will be taken advantage of by many others who will buy at this time and will not wait for a x20 and will get out of their shares before this happens thus plummeting the value of the shares and those who were not pending will lose their money.
I am not an expert on these issues, but it is really interesting to see how users react to a meme that refers to something in particular, just wait to see what happens with this story....
Zocker Aktie.
Gambling, casino.
Nix für mich.
🙌🏻
That’s to show how much some people are influential and they can just influence things the way they like
That’s great!
True, this guy is a top influencer.
You're right bruv history really doesn't repeat itself, it actually rhymes
!MEME
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has been entertaining to watch! 🍿🍿