GameStop stock pop... Hard to say 5X fast, but even harder to explain. ICYMI: GameStop stock has been on a tear (yes, the same GameStop that you visited at the mall 15 years ago). Shares have surged over 1,000% since December, and nearly doubled in value just yesterday. And it's probably not driven by the fundamentals — aka: financial info like sales growth that you see in earnings.
Why... The momentum started around the time that former Chewy CEO Ryan Cohen (and two of his Chewy pals) announced they were joining GameStop's board. Their ecommerce expertise could help make GameStop less mall-retailer, more digital shop. But the surge goes way beyond that...
Cyberbulling is based on momentum... And while all investing carries risk, investments driven by cyberbulling can be dangerous. People riding the community-driven momentum could make significant gains, but as soon as the surge ends their investments could plunge very quickly. And unless the companies being "cyberbulled" eventually show strong fundamentals, it's likely that their shares will fall back down to earth.