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GameStop & Reddit gaming stocks

2021-01-26 19:15:11.409588+00 by Dan Lyke 0 comments

I've been watching this with amusement: The GameStop Game Never Stops and GameStop Is Just a Game — Also BlackRock, Melvin Capital and Leon Black.

Edit: Finally an explainer that isn't trying to force a subscription: Vox: The GameStop stock frenzy, explained — How a bunch of Redditors made GameStop’s stock soar, much to the chagrin of the hedge funds attempting to short it.

As Reddit and retail traders started to take notice of GameStop, they also took notice of how heavily shorted the stock was — information that’s generally pretty easy to get. And they figured out a way that, if they acted all together, they could sort of screw the shorts over and make a profit doing it. Kochkodin points to a post from four months ago starting to plot. Its subject: “Bankrupting Institutional Investors for Dummies, ft Gamestop.”

[ related topics: Games ]

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