What pro traders, the Reddit crowd and regulators may do next in the GameStop short squeeze saga Published Fri, Jan 29 2021 8:12 AM EST Updated Fri, Jan 29 2021 11:52 AM EST Bob Pisani @BobPisani What fun! Every month, u/DeepFuckingValue would post his “YOLO Updates” on subreddit /wallstreetbets. It's not yet clear whether there's anything illegal about using social media platforms to cheer on an irrational stock rally. This was a very early bet, and one that would take 1yr+ to play out. While an audience of that size can have a substantial impact on stocks, like GME, BBBY and AMC, you have to be cautious. For the January rallies in GME and other Reddit stocks, short squeezes were not the only driver. "If GME's stock price remains at … They got hit with a $3,000,000,000 margin call because they were short so many shares of AMC/GME that were supposed to be owned in your accounts, but that they hadn't bought on the market yet. GameStop rocketed after Reddit traders put the squeeze on hedge fund shorts. Linked RobinHood Securities annual financial report, along with attached active lawsuits in the filing. Gamestop shares have climbed to $148 yesterday after being at $18 on January 1, 2021. “GME Squeeze and the demise of Melvin Capital,” wrote the user, Stonksflyingup, referring to stock ticker of GameStop Corp. and Plotkin’s $12.5 billion firm. GME Stock Mania: Today’s 10 Biggest Stories in the Reddit Short Squeeze Saga Grab a bowl of popcorn and dive into the GME stock news driving the market today You can read more about what a “short squeeze” is and what that means in this particular scenario here. Here's everything you need to be equipped for the inevitable conversation about why GameStop's stock is rising, what short squeeze means, and how a Reddit … This remarkable run is the story of a sub-reddit group, a short-going hedge fund, a gaming retail company on its last legs and the impact of a massive crowd. There’s been some controversy surrounding the Reddit-backed short squeeze, and there’s speculation that there could be another burst in activity on GME stock on Monday and Tuesday. ... so it looks like it could be a long couple of days for short-sellers. Koss (NASDAQ: KOSS ) had exceedingly low short interest as … Read on for the story. Here are 5 top Reddit stocks to sell after the short squeeze…
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