facebookIs now a good time to sell my GameStop shares due to the massive 144% spike? Anyone who has these stocks are selling them? - Seedly

Anonymous

28 Jan 2021

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Is now a good time to sell my GameStop shares due to the massive 144% spike? Anyone who has these stocks are selling them?

Wondering if it's a good time to sell my GameStop shares now?

Discussion (3)

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Sean Gerald

28 Jan 2021

Bachelor of Arts in Sociology at Singapore University of Social Sciences

Personally, I don't see GameStop as an investment. It is more like a cause?

It's currently a tug of war between corporations that are shorting it and retail investors from the Reddit Community WallStreetBets. Considering the percentage of people shorting it, GameStop shares can still ride up the momentum. CNBC has also pointed out in an interview with Chamath, they pointed out something that really irked me as they felt like us normal investors are not capable of doing our own research and should stick to index funds. So I really think this stock right now is more than just a meme stock but rather a form of "protest"?

But in any case, I think if you are willing to take a risk then go for it but it is better to think as though you have already lost the money.

GameStop shares have largely spiked up because an army of retail investors on Reddit have been leading the charge to push up its stock price and beat back professional short sellers.

If you follow WallStreetBets on Reddit, many investors are still incredibly bullish on the stock. There are no fundamentals at play here. At this point in time, the stock price is riding almost on sentiment alone.

Personally we sold our shares because we couldn't stomach the extreme volatility. Some gains is better than losing big.

But if you have diamond hands and you're willing to take that risk, you could really earn a lot more if the rise continues :)

Pang Zhe Liang

26 Jan 2021

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

GameStop feels like a bubble with no tangible foundations to support the recent upward trend. Theref...

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