The price drop is because of market manipulation and the current price doesn’t represent fundamentals. We all know GME is worth more.
But the price has been gradually decreasing ever since the January 2021 sneeze and this thread over at SS suggests the line reaches 0 around 1/1/2024.
I don’t think it will actually hit 0 but I know I’m going to be buying more in November and December.
Point is don’t let this rattle you. I bought my first share at $448.30 so why wouldn’t I buy more at $1?
The finish line isn’t out of reach any more. We’re going to lock the float, and we’re going to do it fast. Buckle your seatbelts.
I’m 100% DRS’d. Had some very pressing financial stuff - landlord evicted me after I had the audacity to request basic maintenance, and agreeing an egregious rent hike, but guess he realised he could just not renew and get more with a new tenant. I can’t afford to live where I’ve been for ~20 years on my own anymore unless I move into a bedsit somewhere grim. So, I also have all the expenses of a move across country; and am in the final stages of (hopefully) buying a house, with a mortgage of course.
My rambling point (I am getting there, promise) is, I’d probably have sold some of my shares by now if it weren’t for the fact the short & distort team has managed to drag the price down to what I feel is a massively-undervalued area. Money is going to be very tight for me moving forward, I’ve not bought more shares for a while, but damn I will be loading up as much as possible if they drop the price anywhere near 0.
They cannot beat us. They cannot cellarbox us. All they can do are pathetic misleading stories in their controlled outlets and the whole ‘buys to dark pool, sells to market’ game. If the price drops to $10 or below, there will be an absolute surge of buying.
Evicted but still hodling. 💎🖐️
I have somewhere to go, fortunately… some aren’t so lucky. Investing is never risk-free but I believe in the fundamentals of GME as a business, and prepared to hodl for as long as it takes.
I think the short-sellers greatly underestimated our collective resolve!
This is an old comment by now, but just wanted to say sounds like you’re doing your best, keep going!!
Gamestop and the rest of us will be here when you’re in a better place. If you need to sell some GME you can always buy some back down the road (especially as they continue to drop pricing lol)
Hope your move has or is working out! Best of luck, you aren’t alone in your struggles or investments 😎
Hey, no worries. Thanks for the encouragement! I move in 3 days, was quite anxious at first but trying to treat it as a fantastic opportunity for a fresh start :)