I have no idea why it suddenly spiked up. Unfortunately I only noticed after the market closed so I'll have to wait until tomorrow to sell... maybe prices will dip again by then. But if you still have your GME or other meme stocks you might want to start paying attention again tomorrow morning, because GME isn't the only stock that went up.
Remember, don't get greedy and wait for the stock to be $1k, or hell even past $300, otherwise you may be stuck holding the bag a second time.
Edit: I'm not saying buy it high again lol. I know I did that the first time around and regretted not selling when I was telling others to.
I'm just saying if you're still stuck with expensive tickets to the dumpster fire show tomorrow might be a good time to redeem them. :elmofire:
There was news that the old CFO got let go. At the risk of sounding like a lib (but what else is this comm for?), the CFO probably had a big hand in Gamestop's stagnation and decline, so firing him is probably good news if you care about GME's longterm outlook. That being said, this spike is pure speculation designed to hype up this news up to catch a bunch of unfortunate marks again.