GME is likely to drop below $10 before 2024 (lemmy.whynotdrs.org)

submitted 1 year ago by iofhua@lemmy.whynotdrs.org to c/drs_your_gme@lemmy.whynotdrs.org

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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.

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[-] iofhua@lemmy.whynotdrs.org 24 points 1 year ago

We would lock the float very quickly.

I think Q3 is going to be profitable but I don't think the price will rise after the earnings call. Instead I expect more BS from the MSM and the price will plummet in an attempt to break the ape's hold on the stock.

They're just digging their own grave. This trajectory isn't sustainable. The rate of DRS is just going to skyrocket.

this post was submitted on 16 Oct 2023

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