Re:How WallStreetBets Pushed GameStop Shares to the Moon
by tamiral on Monday January 25, 2021 @06:54PM
(#25910608)
r/WSB has held mostly shares of the company and a survey on the subreddit found that users own 8% of GME shares, that's if everyone was truthful, so no 8% isnt enough to move the market when everyone is buying shares and not options. The fact is GME pumped above all time highs due to retail investor hype and from click bait articles on all the financial news sites + specific scenarios of a gamma squeeze mentioned here....
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