GameStop Short Squeeze: The Media Has It Wrong

Re:GameStop Short Squeeze: The Media Has It Wrong by dadoge on Monday February 01, 2021 @05:38PM (#25995105)

Oh boy for an article about how the media has it wrong, this guys says $600 govt handouts are what is causing the investment, and young folks who lost their jobs are the main folks on Reddit.

Yikes, I’m sure the average person on wallstreetbets is well educated and employed.

And let alone the take that “covid has 99.7% survival rate” don’t get me started there...

This article is junk at the end

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Re:GameStop Short Squeeze: The Media Has It Wrong by MuffinFlavored on Monday February 01, 2021 @05:45PM (#25995165)

I see 34.2m shares traded today: https://finance.yahoo.com/quote/GME/

I would love to know what percentage of those were "buy and hold, the hedge funds can never beat us if we never sell" memesters from wallstreetbets. I'm going to guess very few relatively speaking.

The redditors banding together just don't have the bankroll to compete when they are purchasing fractional shares of a $200 stock.

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