So what do people who are not on the GME train think of the movement of the past few days?
Don't know what the value has been for weeks or months, mostly don't care.
I bought 2 shares briefly to be a part of the meme and maybe see if it got crazy quickly. Once I got tired of checking it daily or multiple times a day, I sold for a $200 or so loss. While I held it I spent tons of time thinking about exit strategy and whether I might consider buying more, and checking stuff online about it. Then I offhandedly liquidated $10k of my index funds without thought because I needed to top off my monthly expenditures bank accounts. I'm more of a "set it and forget it" investor and a "stick to a plan" investor.
I'm fascinated by the constant hopping from one foot to another as to why this stock is both secretly mega-shorted *and* has a promising future that will make the current value worth it. I mean beyond the fact that fundamentals has no support for this price, if it's still as high as the chatter seems to indicate.
For the "stick it to the short sellers" angle, that requires knowing when to move in and out, and I don't want to pay that much attention to the stock for this long! Also, if you miss your sell window you then lose out.
For the promising future angle, I guess I'd rather try angel investing than jumping into GME. It's kind of analogous. Yeah they got a cash infusion and some new leadership. That's a startup company, basically. Some weird hybrid of angel investing and an IPO.
For the crypto angle...<sigh>...I probably should keep my mouth shut, but crypto seems crazy to me. Or at the very least fad-driven. I mean I think conceptually it's very intriguing, but literally anybody can create a new cryptocurrency, and as far as I can tell NFTs are tied to one type of cryptocurrency.
And I still don't get why more folks haven't taken blockchain and used it to more cheaply do money wires and EFTs on a large-transaction basis. (For actual government-backed fiat currency transactions.) Or at least tried to apply it to a retail POS situation which would need to be done for cryptocurrency to be actually useful currency in the first place.
For a comparison overhyped stock, I think Tesla as a company is well poised to dominate the EV market, especially trucking. But I have absolutely no idea if TSLA is a good investment, because the company's success and the stock price have left typical fundamentals are are in hype mode. So I haven't touched TSLA directly even though I'm high on their future as a company.
Edit: I *will* say I find NFTs very intriguing *for content/media creators*. And if people are willing to pay a premium for an NFT, I liken that to collectibles like Beanie Babies or any other collectible. Ok, fine. I just have tons of doubt about the endurance of any given cryptocurrency as they exist today.