Looks like Q discovered the stock market. Some recent comments on Reddit related to GameStop (GME):
“HOLD!”
“WE LIKE THE STOCK”
“DIAMOND HANDS!”
“IF HE’S NOT SELLING, IM NOT SELLING!”
In business school, we had this class that was called Management Game. We formed management teams for simulated companies. Each week we made a series of decisions, which were input into a computer simulation. There were board meetings. And best of all, there was even a stock market.
Every “player” was given some “game money” to trade. So, we got to trade with make believe money. Sort of like the real stock market today.
I remember, I cornered the market in my company’s stock and drove the price way up. Which was great, as long as I kept buying. And then I stopped buying….
Turns out I was the only buyer.
It was a good lesson in markets. The current price is only a reflection of the current marginal buyer and seller. That’s it. Don’t read any more into it.