Is it too late for me to buy Game Stop shares?

https://www.abc.net.au/news/2021-01-...ained/13097982

Quote:

Since January 1, despite no real change in the underlying business, GameStop's share price has surged 1,915 per cent (from $US17.25 to $US347.51). It has now become clear that the surge in demand for GameStop stock has been driven by an enthusiastic bunch of individual investors, many of whom hang out on the subreddit r/WallStreetBets. The excited masses are following their 'king' WallStreetBets is a place where users post their stock holdings and talk about their trades. A year ago, a user by the name of DeepF***ingValue (DFV) posted a screenshot of a position he had taken in GameStop. He had spent about $US50,000 on stock in his initial investment. "This dude should sell now," another user wrote in response. "[Eight-five per cent] of wallstreet thinks [GameStop are] gonna miss earnings and so does earnings whispers. Plus either way [they're] gonna be negative earnings for first time. That ship is sinking." DFV didn't seem phased: "Damn thanks for the advice." Since then, and increasingly in the past few weeks, DFV has been posting his ever-more-valuable position — and demonstrating his uncanny foresight. (Deep F***ing Value has yet to respond to an ABC request for comment.) The subreddit is now electrified. As the stock price rose dramatically, driven by other users wanting a piece of the action, there were desperate calls for regular updates from DFV, now being referred to as "king". By mid-January, DFV's position was worth $5.7 million.

Reddit punters take on Wall Street. Will this end in tears?

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