Monday, March 01, 2021 9:01:53 PM
The market wanted nostalgia, all bored in their homes on their phones, so they created their own Blockbuster event, the meme stock rallies and short squeezes! And I'm holding because this is entertainment.
Last time it went from $0.0033 to $0.30 in a week, largely due to some squeezed heavy short positions. More than 10 million shares shorted February alone. My condolences to the whale who got margin called on a Q stock.
Yes the irrational exuberance cannot last forever, but while we see a retail trader frenzy not seen since the days of... oh... Blockbuster... you might as well ride the wave and get in on some of this meme stock action. You'd be kicking yourself not to jump in another $0.02 to $0.30 when all the signs of a 2nd rally were right there.
Gamestop is starting to be climb again, and BLIAQ is the cheapest way to get a piece of the action. BLIAQ spiked every day GME did since late January. Even today the Reddit meme stock Gods have somehow aligned the markets, we have Gamestop up 17%, AMC up 15% and Blockbuster up 18%.
You wanted entertainment? These business underdogs' (BLIAQ admittedly more so than the others) comeback is the exact show we needed in 2021 until it's acceptable to shake hands and share glasses and cough and not clear the room. In the meantime, the world needs entertainment, and meme stocks like Gamestop have been dominating the news/stock market world! Blockbuster's a small but notable part of the equation. BLIAQ couldn't have gotten to daily 6 figure volume if the redditors didn't want it that way.
https://www.unilad.co.uk/news/blockbuster-stock-surges-more-than-6000-in-five-days-despite-them-being-bankrupt/
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