Gamestop stocks reddit

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Two investment firms that had placed bets for money-losing GameStop’s stock to fall have essentially thrown in the towel. One, Citron Research, acknowledged Wednesday in a YouTube video that it unwound the majority of its bet and took “a loss, 100%” to do so. But Andrew Left, who runs Citron, said that does not change his view that GameStop’s stock will eventually go down. Gme stock reddit Stocks

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The horde of day-traders who ambushed hedge funds short-selling shares of unprofitable U.S. video game retailer GameStop last week has fueled dire predictions that the ‘Reddit Revolution’ will spread next to China. Twitter content Gill got the short-squeeze ball rolling last month after posting his bullish take on the video game retailer and noting hedge funds had overplayed their hand and shorted more stock than there was available to trade.

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In the case of GameStop and other stocks targeted by WSB, traders keep buying options, forcing the investors selling those options to hedge their bets by buying up GameStop stock. Send this article to your friends On Jan. 28, Robinhood and other major brokerage houses halted purchases of GameStop, AMC Theatres, BlackBerry Limited, Nokia Corporation and other volatile stocks from its trading platform; customers could no longer open new positions in the stock although they could still close them.

Gamestop stock reddit

GameStop’s stock price has left all objective reality and is currently on its way to another dimension thanks to a war between Reddit and Wall Street. The latest GameStop stock dip looks like the end of the line As of Thursday morning, Gamestop stock has started to fall once again, losing about 25% of its value. User matt1028 posted a quickly rising thread claiming that stocks are getting shorted, or borrowed for a cheaper price in an attempt to get people to "panic sell."