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Re:Gaming the system: How GameStop stock surged by randomopining on Tuesday January 19, 2021 @03:56PM (#25838775)
Yeah so it's confirmed to be basically 99% a pump and dump meme stock?
Re:Gaming the system: How GameStop stock surged by FishbowlPrime on Tuesday January 19, 2021 @05:39PM (#25839888)
No it’s not. WSB is orchestrating a short squeeze. The aim is to make a transfer of wealth from shorts like Melvin Capital to WSB. This whole charade is due to the stupidity of short sellers who shorted more Gamestop shares than there are publicly traded. Check out the Overstock story from last year or VW from 2008. This will be exactly like that.
Re:Gaming the system: How GameStop stock surged by vga805 on Tuesday January 19, 2021 @10:53PM (#25842405)
Will it? Wouldn't all the WSB holders need to continue to hold? I imagine they'd end up selling with a bit of a peak, I can't imagine everyone holding and really pulling off a full squeeze. Then again, this community is new to me.