Everyone Talking About GameStop: This Is What Investors Should Do

It's been a crazy few days especially with GameStop. It was reported speculative investors from the social media site Reddit decided they wanted to invest in this company, which made the price soar. YTD the company's share price has grown over 7,000%.

I bought GameStop awhile back, but sold it because the company was volatile, especially during the pandemic. It's not a fundamentally sound company. I'm an Investors so I pay attention to fundamentals. This is a highly speculative company right now so investors should be careful.

GameStop is primarily a brick mortar, which trade and sell games. They don't have much of an internet present. It's been hard for this company to adjust to online gaming. There have been large Investments in the company, which made the price soar, but it came crashing back.

On the other hand, this is good for trading, especially Option Chains. Traders can make a profit relatively quick, but it's not idea for long term. For those thinking about jumping in, make sure you jump in and jump out!