Re:u/DeepFuckingValue and the GameStop Reddit mania
by tootie on Friday January 29, 2021 @07:48PM
(#25964817)
Completely different. Tesla soared on its positive outlook. They have strong sales and have managed to maintain an insurmountable lead in the EV market. Their surge is due to enthusiasm for their business. Gamestop was clinging to life a few months. The rally from $4 to $15 was optimism about their leadership. The rally from $15 to $350 was 100% due to the short squeeze. And the squeeze will most definitely play out and be over pretty soon.
[ Parent
| on HN ]