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.

https://www.reddit.com/r/Superstonk/comments/179hajz/wild_the_current_regression_fit_from_june_14th_of/

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.

  • AnimorphFan1996@lemmy.whynotdrs.orgEnglish
    51·
    1 year ago

    Whatever you want to say is happening there - it’s not rational economic decision-making.

    People spend money in lots of ways that are not "rational economic decision-making." Like casinos, drug addiction, timeshares… And yet, you are not in a casino arguing with the customers at the slot machines –- you are on our forum. Perhaps you want to hear our perspective… because we might be right?

    • mindbleach@sh.itjust.worksEnglish
      24·
      1 year ago

      Casinos are heavily regulated or outright illegal.

      None of you have proposed a perspective.

      I will repeat that. None of you have proposed a perspective. Not a single person piling on has offered a positive account of how this isn't a cult following for a dwindling stock. Y'all have variously insisted it's not just for one stock, or that your collective action is totes mcgoats a threat to the global financial system, or everyone's free to make their own decisions about a stock you promise is going to explode in value.

      The closest anyone's come is empty insistence that you believe in this dying retailer. Even after being told: belief is the accusation. I am saying you all believe something, in spite of all evidence to the contrary, in a way that is harmful to yourselves and others. I am saying you do this to maintain interpersonal connections versus an outgroup you feel superior to. This is what it means to be a cult. Nothing that fails to contradict those accusations could be an argument against the comparison to a cult.

      • jergy@lemmy.whynotdrs.orgEnglish
        42·
        1 year ago

        i'd offer you reasons why I believe that GME is a good investment but you're clearly a financial expert that knows better than everyone else here, there is nothing that you are able to learn because you already know everything. any points I make to you would immediately be ignored or dismissed and you'll continue ranting about how we're a deranged cult.

        If you are truly genuinely curious and care to learn a new perspective, my recommendation to you is to start by watching the 90 second video on the DRSGME.org main page.

          • jergy@lemmy.whynotdrs.orgEnglish
            31·
            1 year ago

            look at that. you complained that nobody gave any perspective, i gave you an opportunity to engage in learning about our perspective and you did exactly what i expected. you ignored the opportunity and turned it around and attacked again, expressing no genuine interest in learning anything new. but yea, i'm the one trolling

            • mindbleach@sh.itjust.worksEnglish
              13·
              1 year ago

              You did not.

              You explicitly said you were not doing that.

              You sneered that I'd blindly dismiss anything you said, if you said anything of value. So you refused to say anything of value.

              You then linked a video about the importance of super-duper-owning the stock, without saying a damn thing about why this particular stock is worth owning, in any sense.

              Lie better.