I have a question for you.
Is it possible to push a stock up by 140% in a few hours or 2700% in a month?
Is it possible to turn a once-crashing stock into one of the market's biggest winners?
Well, I know who can, Wall Street Bets!
If you haven't already heard of this company, GameStop, or how Reddit forum retail investors were able to compete with Wall Street Hedge Funds in their own game and nearly bankrupted a few hedge funds, then you are either living under a rock or ..... there's no 'or', you are living under a rock.
We are talking about a company that went from $17 early this year to as high as $483 within a month. That, my friend, is a 28 times gain! That gave Gamestop a market cap of $31.5 billion.
Now, it's very easy to get carried away by the rapid price increase and some might be tempted to jump in due to (FOMO), the fear of missing out.
But before you make any decision, be sure to first finish this episode!
I'm not going to be talking about what actually happened, I think there are plenty of articles and videos talking about that.
I want to spend more time talking about what could potentially go wrong if you decided to invest in this company.
So what could potentially go wrong? Well....check out this episode to find out more!
For more info about Delugne Investing, check out Delugne.com to find out more!
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Resources:
2. Keith Gill Drove the GameStop Reddit Mania. He Talked to the Journal
