So it was quite bizarre that “the Reddit army” was able to push the price of the stock to more than $300 a share. Ultimately, any really determined group of investors can temporarily pump up the price of any stock, but in order for it to stay elevated there must be buyers that are willing to purchase the stock at that level day after day.
The tumble follows a more than 30% drop during the regular market session Monday after finishing at $325 per share on Friday. That brings the two-day loss to 72%.
Sadly, it is just a matter of time before the entire house of cards comes crashing down for good.
The talking heads on television are preaching to us about the dangers of “the GameStop bubble”, but the truth is that our entire stock market has become one gigantic bubble.The Exact Same Thing That Is Happening To GameStop Is Eventually Going To Happen To The Stock Market As A Whole