What does GME tell us?

GME has dropped more than 80 percent from its peak of $483. After a week of Gamestop fever, it seems the drop of the stock marked the end of this incident.

In the last article, it was stated that the whole incident is considered as an ideological fight between the young generation and hedge fund in wallstreet (or traditional monopoly)

It is very clear from the beginning that the rise of GME was not something that can last long. When the goal (crushing the hedge funds)was met, it basically indicated the end of this fight.

However, it was interesting to see that on the reddit forum “wallstreetbets", there are some users still believe GME stock price will rise again as they bought the stocks at a very high price and they are losing a lot of money right now.

While this is considered as an ideological fight, some of the users seem do not understand the principles behind. To certain extent, they follow wallstreetbets advice blindly and become a fanatic. It is very dangerous to make investment under this case.

There are some stock markets newbies borrowed money from banks or financial institutions to purchase the GME stocks. They want to join the ride and earn a big fortune.

This phenomenon worths our attention because a lot of people now believe that they can put money in any of the stocks and will be able to get a considerable amount of return.