PSA: if you buy $GME now you are the punchline of the joke redditors are playing on hedgefunds.

The hype around meme stocks is part of the con because serves two purposes that benefit the Redditors: execute & exit.

First, it drives up the stock prices — which was the plan in the first place.

This part executes planned short squeeze and bankrupts the hedgefunds. The higher the price goes, the worse the short sellers suffer.

But these companies can’t maintain these inflated stock prices, so eventually the prices are going to crash back down to their fair valuations which are just a few dollars a share.

The Redditors lose their paper profits... unless they sell their shares to someone else.

But who would buy a $5 stock for $350?

You did, didn’t you? Because you saw the hype around GameStop and you heard people were making a lot of money. You didn’t really understand how but you wanted a piece of this.

You were the Redditors exit.

If you buy now and you don’t know what you’re doing and you don’t know what’s going on, you will be left holding the bag.

The hype is part of the con.

The billionaires will be bailed out, the Redditors will be millionaires, and you will lose everything.