Soldato
This is going to be horrible for those that threw everything they had at this at the 300-400 dollar mark.
If the share price goes back down to where it was before all this started and they keep holding they are going to lose almost everything.
Yeah, I got in at like $290 odd, and sold at like $315 or so (after it hit $380) because the swings up and down were so violent and unpredictable, especially with the interferences of RH/T212 preventing purchases, that the risk outweighed the gain. I got in as it was making sustained and trending growth but as soon as RH/T212 started interfering, I got out fast.
As someone said days ago, this isn't investing, this is just gambling. There's no logic to it or reason to it - and people who have chucked lots and lots of money into this should have seen this coming and my sympathies are very limited. You've got rank amateurs on Reddit who have never invested or traded in their lives trying to play with the big boys, whilst betting their life savings/mortgage on it. Ultimately, the head of Melvin Capital will have sustained heavy losses, but he's still being chauffeured in the back of a Rolls Royce back home to his million pound mansion to see his supermodel wife. And he'll be bailed out by his contacts and have to put up with some short/medium term pain - but ultimately, I think he'll be just fine.
Redditor who chucked everything in on this and who has lost thousands/tens of thousands of dollars is going to struggle to make rent payments on his flat, not be able to pay back friends/family who they borrowed off, not be able to take their wife/girlfriend/kids on holiday which they had promised to do so and have much longer term pain.