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Why I'm Not Buying the GameStop Hype

TheMotleyFool

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GameStop (NYSE: GME) has been all over the news lately as a Reddit group, WallStreetBets, touted the stock. As GameStop's share price has shot up, short-sellers have scrambled to purchase the shares, creating a short squeeze, contributing to the increase.

It is easy to get swept up in the rapid price increase and jump in due to a fear of missing out. I urge you to refrain from doing so since it is likely to end up costing you a lot of money.

Image source: Getty Images.

Source Fool.com

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