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ShockWaveVT

Joined: 01/02/2000 Posts: 6770
Likes: 1226


GameStop


brick and mortar store chain

recently brought in some e-commerce execs to sit on the board and guide them back to profitability, a few reddit long-shot investors picked up on that. then noticed how heavily some hedge funds were shorting the stock and decided it would be a feasible short squeeze (where buyers pressure the price up by purchasing shares, screwing the short sellers who were betting on the price to go down) basically thousands of retail investors buying actual GME stock vs a bunch of hedge funds who made large bets with stock options that GME would go down.


(In response to this post by ModerateHokie)

Posted: 01/26/2021 at 9:54PM



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Current Thread:
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