My Take on GameStop Saga(#GME)
It won’t end well for investors rushing in now.
When the GameStop Saga came to light earlier this year, there was a frenzy of talking on social media and also within my personal group of friends. Even some personal friends of mine who were professional traders were dragged into the hysteria. For the last point, needless to say, I was disappointed.
Yes, I know that people on the ground, the main street, the retails, were feeling elated when a professional victim, Melvin Capital, fell from grace and sustained more than 50% loss on this single stock.