A subreddit called wall street bets found out some big hedge funds were shorting the stock. They then started memeing like autists and buying up the stock as fast as they could. This caused the stock price to go from $15 to a peak of like $380 in a weeks time. The big hedge funds had to sell out of thier short positions for a huge loss. Still waiting to see when the dust settles.
A subreddit called wall street bets found out some big hedge funds were shorting the stock. They then started memeing like autists and buying up the stock as fast as they could. This caused the stock price to go from $15 to a peak of like $380 in a weeks time. The big hedge funds had to sell out of thier short positions for a huge loss. Still waiting to see when the dust settles.
Its like an investment flash mob. Probably gonna look into a way to stop it.
Its like an investment flash mob. Probably gonna look into a way to stop it.
Doesn't the big fund have until Friday to settle? ie, can wait until Friday to buy?
It doesn't seem over yet, although the big markets are stopping the trading for gamestop at times. I don't know if that will help.
Doesn't the big fund have until Friday to settle? ie, can wait until Friday to buy?
It doesn't seem over yet, although the big markets are stopping the trading for gamestop at times. I don't know if that will help.
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