Why are stupid people buying gamestop stock, it's a piece of garbage?

Question

Just another example of how the stock market makes no sense whatsoever. Like seriously gamestop? Every gamestop I walk in to practically has no customers, and is depressing as hell. Cds are going to be non existent one day, there is nothing gamestop can't do that Amazon or any other website can do basically better.

Why do these useless companies go up so much in the stock market? It only proves that the stock market makes no sense whatsoever I'm sick and tired of it. Makes me so god dam mad,  Haven't you have all these stupid Robin had traders thinking they're sophisticated investors when it was all really just dumb luck. The stock market is such a goddam joke

Anonymous · Accepted Answer

The group of people who initiated the rise of the stock price are not idiots. They saw an opportunity to make some money at the expense of excessively exposed short selling hedge funds who were caught with their pants down.

It's the people who think that this is anything more than a temporary blip who are the idiots.

Anonymous · Answer

GameStop is definitely not garbage. it literally lets you own what you have. it creates resell value for property. if you download a game how can you resell it when you actually own it? Also, this is just a way for game makers to maximize profits when the used market kept them in check. Now you want to kill of the equivalent of a pawn shop for video games and you think that's good? hopefully, game stop stays solvent for a while if not for silly being an outlet of preserving game ownership and resell availability. (and you can still use competitors like eBay)

Anonymous · Answer

So just short it and get rich. Wait, you have no money.

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Why are stupid people buying gamestop stock, it's a piece of garbage?

3 Answers