If you survive this thing, you'll likely see $30-$50 again ... ONE DAY. But that could be six months to a year or two down the line. It could easily get to $1000+ first. When oil broke below $0 that triggered a move to -$37 in a few minutes. The same kind of crazy thing could happen if Gamestop gets above $500 ... it will be a one-way market UP. You might see some shorting activity between $350-$450 but who in their right mind would initiate a new short between $500-$600? You'd be crazy, and not in a good way. Wait till it loses momentum at $1200 or whatever, and then dip your toes in. That's the right kind of crazy.
Some talk of $2000, but why not $5,000-$10,000? Anything can happen if you've got hordes of Reddit folk or even Russian/NorthKorean-financed agents pushing this thing up, and then a bunch of hedge funds jumping on board. For all we know, Putin may have assigned a few $100m to a few undercover agents with US brokerage accounts? If foreign governments are willing to finance cyber attacks and intervene in US elections, who is say they won't finance something more "creative" in the stock markets, like buying Gamestop. Of course, we don't know this, but something is going on..
You won't know the real reason until it's too late. All you should be thinking about now is SURVIVAL, not being a hero. I would trim the position when you get sharp pullbacks, etc, so you don't even get near the eventual top. Then when it does return to $30-$50, your losses will be relatively minor and you'll have learned an important lesson.
I hope you come out of thing relatively unscathed. It could still happen, but you need a plan. Good luck.
