Want to make money quickly?

$GME, $BB and $AMC almost all doubled in price in 5 days.

Here's what's happening.

Warning You should not do this unless you understand it's gambling, not investing.

[THREAD] 1/7

A group of retail investors get together and have a virtual beer on Reddit or another platform where they can discuss stock picking ideas.

They target companies with weak metrics, potentially drying.

Most importantly, with low trading volume.

2/7

Then some investors from this group start to take a position in the stock.

They buy a lot.

They put something like 25% of their assets.

They invest massively in options too.

Then trading volume goes up.
Then, the stock price follows.

3/7

At this point, it's just fun, but it gets some attention.

More people join the group and trade.

Short sellers see that and think they will teach those "kids" a lesson.

So they short the stock thinking how easy it is to make money.

4/7

That group is organized.
They know how short strategy works.

They buy more.
The more call option you buy, the more the counterpart must buy the stock to cover its position.

There's the cycle of buying more and more.

Stock price surge, it gets mainstream.
5/7

The bank calls the short-sellers.
Asks to cover their short position.
Short sellers get squeezed.
They must buy the stock to cover their potential losses.
Potential losses on a short sell are limitless.
The stock price goes even higher.

6/7

Where does this end?

When a fool can't find another fool to buy the stock at a higher price, thinking a third fool will buy it at a price even higher.
There is no value

Conclusion:
This is noise
Gambling
Only a few make millions
Many lose it all
It's a fool's game.