GameStop’s most loyal shareholders are in it for the long haul, not the memes
By the time Robert Misener heard about GameStop Corp.s frenzied rally in January, the meme stock was already well on its way to becoming a national sensation. For the 50-year-old Florida resident, it was a signal to buy.Mr. Misener, who in the past had largely invested in blue-chip companies, was gripped by a fear of missing out and excited by talk of squeezing hedge funds. He pulled the trigger, near the top, buying as high $349.48 a share.
Then, the videogame retailers stock crashedand crashed…
