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Should You Buy Into the GameStop Hype?

TheMotleyFool

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GameStop's (NYSE: GME) share price is up over 670% in the last five days alone. Fueling the rise is a group of individual traders who use social media sites like Reddit, Discord, Facebook, and Twitter to discuss opportunities to profit in the stock market. Still, volatility in the stock is also extreme, and it can be hazardous for someone trying to buy and sell it with the hopes of short-term gains. As Andrew Left of Citron Research accurately describes it, "It's just a get-rich-quick scheme."

Undoubtedly, many are profiting tremendously from the rapid rise in its share price, but should you buy into the GameStop hype?

Data source: YCharts.

Source Fool.com

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