This deserves its own thread. Educational.
Hint: nothing to do with retail. Roaring Kitty did not buy or sell a single share today.
Hint: nothing to do with retail. Roaring Kitty did not buy or sell a single share today.
Understanding why a gaming store chain can rise 50% in 1 day on no news.
- Thread starter Phenomenally Frantastic
- Start date
It never ended, the short side of the trade just kicked the can and the problem has gotten worse as retail investors have been buying cheaper and cheaper shares all along the way and locking them away at Computershare, Gamestop’s official registrar. Those shares cannot be lent or shorted into the market to manipulate the price.
It’s complicated times ten.
One thing is for sure though. Today’s price action has nothing whatsoever to do with retail.
Anyone seen the movie?
I need to watch it sometime. Hopefully it’s good.
I need to watch it sometime. Hopefully it’s good.
Dumb Money was pretty good, well produced. IMHO it was framing the narrative that what happened was an isolated incident and that was/is “over.” That is a false narrative.
It's an interesting movie, pretty crazy that he's held for this long, I guess it payed off. His initial investment was $53,000 and now he's worth $500Mil.
