I'm in on BB although for long term, as they actually look like a reasonable investment. But if it actually gets pumped, bonus!
Same, picked up a few cause QNX and the automotive stuff. Cheap enough to dump some money in and see what happens. If it gets pumped hey neat...although I'm not a day trader type so decent chance it jumps and settles back down without me noticing, or not caring enough to try to maximize profits. I just hold on to crap for years.
(One of the few times I got impatient was selling AMD at like $5 a few years ago...)
What makes a stock like BB go crazy? Is there any actual merit or is it just reddit being dumb?
And like if I bought $1000 @ market tomorrow, is THAT what's making people money? Or are they doing some weird but process?
There's arguable merit in whatever company (see mine for BB above) but ultimately comes down to the trading game, the money is coming and going from somewhere, and people (and automated trading systems) are behind those choices...whether logic/merit based or not. GameStop was a combination of a shitload of people betting one way, arguably some merit, and all followed up by another shitload betting the other way hard and winning out for now (extremely simplified version there of course, more detail given by others already).
There's different ways to play, the basic way is to just buy shares and sell. If they double up then you double up. There's a bunch of other stuff (options, contracts, margins, etc) where things can go crazy...but I never learned those so I stay far away cause shit can go horribly wrong (like if you picked the other side of this GameStop thing).
This GME business has got me extremely interested in learning more about investing. Seems like AMC and Blackberry are next on the list.
Oh yeah I forgot I picked up some AMC for the hell of it. I...don't have any belief in the stock, it really is more of a "let's see what the hell happens" with a little money, I think it went up like 50% already.
I got 69 shares.
Edit: same disclaimer others are pointing out, I wouldn't consider this "investing". Like especially what I'm doing with AMC, I'm just straight up gambling there. BB is more in line with my usual, but ultimately it's still just a speculative pick. If you just want some return better than a bank pick some ETF and let that ride for however long...shit can still go wrong, but over a long enough term they're pretty consistently up. Then there's stuff like Roth IRAs and whatnot. All depends on how much you're looking to get and if you're willing to take on the risk.
