I find the GME story fascinating. There seem to be a lot of competent people in the various subreddits concerned with this stock. Some of the DD seems interesting, I certainly do not understand it all.
What I find interesting is that the % of float that is directly registered with DRS and mostly redditors is close to 60% or 90 million shares according to the GME filing. That is probably unique in the world.
Having such a “floor” of the stock price if those dedicated investors do not sell, as well as large % of institutional like Ryan Cohen with no apparent intention to sell, should have an impact on the share price, shouldn't it? I guess it does because it is currently overavalued in fundamental terms.
Isn't the risk reward ratio still kind of unique? Would love to hear more takes from non- investors in the stock as well as investors.
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