Trying to Make Sense of This
Here is a clip from Wednesday, made by @stoolpresidente, the early leader of the stocks-only-go-up crowd.
These last few days David Portnoy has been given a hard time on my Twitter stream. His various comments about WSB and the GameStop situation are not always accurate and often seem more than a little ironic coming from someone so rich.
But in the above clip I think he is saying something fairly insightful and something quite true.
I don’t think you can underestimate the internet.
When something goes viral, it has a power that supersedes the truth. It can scale far beyond what we think is possible.
This situation reminds me a lot of Trump. Those first few months with Trump. I remember all the people on the left trying to discredit Trump by pointing out the half-truths and the misinformation. By disparaging the people that followed him as misinformed and in need of education.
But they were missing the point. It did not matter what was true.
It is not that truth does not matter on the internet. But for long periods of time, truth can be consumed by momentum. On the internet, momentum matters the most.
I feel like that is what is happening here.
You can argue, as I see many are, that this is all going to end relatively quickly. GameStop, which is obviously a bubble, will crash like all bubbles do. The WSB guys will go away. Everything else will get back to normal.
That was my own opinion until maybe Monday or Tuesday of this week.
But then I started to recognize the momentum. There is a real momentum behind whatever this is. And I am not sure if that momentum can be stopped so easily.
This DOES NOT mean that GameStop is going to keep going up. I am NOT saying that at all. The price of GameStop is still dictated by supply and demand and that will determine where it goes.
What I am saying is that the momentum of this movement, whatever the hell this movement is, is not going to be stopped so easily.
Because the internet does not work that way.
Reminiscences of a Stockblogger 
very true it is a little scary. By the way, have you looked at SMID lately?
i can see this dynamic working even better with silver. This is a metal that’s always had a fanatic base and traded on debatable logic
Yeah I think its worth at least taking a position in but am ok with the loss if it doesn’t work out.
Have not taken a look / updated analysis for Protech (PTQ); are you still holding? Might take a look at it this weekend and see if worth exiting