Shares of U.S. videogame retailer GameStop were up by over 100% in trading on Monday, on course to reach another record high after having already gained about 250% since the beginning of the year.
Traders believe that the reasons for the jump in the shares are short-sellers quickly buying back into the stock to cover potential losses, defined as a short-squeeze, and retail investors piling in to benefit from the surge.
The short betting was pretty evident with 100% of the shares available to borrow to speculate against the company already out on loan, FIS’ Astec analytics data as of Friday showed.
Short sellers typically borrow and sell shares in companies they expect will fall in price, hoping to buy them back at a lower price and pocket the difference.
The trading strategy is high risk in that losses are theoretically unlimited when the stock rises instead of falling.
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#gamestop #finance #shortselling #GlobalNews
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This guy is clueless to whats actually going on. wallstreetbets
if he hadn't sold his gme at only 100$ he could have afforded to buy a camera without grease on the lens
HE'S ON THE WRONG SIDE OF THIS. RIGHT NOW HE IS PROPAGANDA. MONEY ISN'T THE POINT. HOLD STRONG!
Does this guy know what the hell is actually going on?
HOLD THE LINE.
This guy has no idea what he's talking about… Reddit users wanted to screw the hedge fund that bet on game stop tanking … Karma for the billionaires who lost huge amounts.
0:50 doggo
As a gamer, I wouldn't buy Game Stop stock right now…
PC's supremacy in gaming has never been more prevalent then it's current state… Game Stop can't even sell the worlds top game because it ONLY works on PC. So yeah If your going to invest in gaming you should invest in gaming PC shops…
just like the time before the great depression.
Welcome to our fake economic system
winning 😃
Good. F the POS people who played the market for years at the workers expense. I hope they continue to get trolled
You are missing the point. The market is manipulated and many investors woke up and did the opposite as main traders recommended. This is the result. It’s investor non-compliance and the big manipulators are panicking and trying to shut it down, but you can’t stop people from waking up and you can’t stop an idea that’s time has come.
Of all the "isms" communism is the only really actually factually oppressive and evil unnatural thing that's at war with your rights, your thoughts, cultures and respective races
This guy is an ignorant Boomer… We won a battle agaisnt Wallstreat
stock market = modern casino
shut up chad
HOLD THE LINE BOYS, DIAMOND HANDS
This guy explained this terribly.
complete denial
this is the worst evaluation of what's going on. I didn't know Global did fictional shows
So the manipulaters got manipulated now they are freaking out got it!
They got rickrolled
Tell the story for both sides!
Does showing your 6 mismatched monitors with dated trading platforms behind you make you look smarter? No, no it does not.
So should you buy in right now
Yo, hedge funds that lost. This is called FREE MARKET. Go pull yourself up and be smarter next time. Go get a real job.
Bring the shorter's down!
Biden's trying his best to keep average folk from steeling wall street's money.
Quite literally the worse explanation ever, do like 10 minutes of research will you.
Millions and billions
No mention at all of the fact that short sellers are trying to crush gamestop? Seriously cbc? Your just leaving that part out of the story, hoping nobody will notice what's really going on? Journalistic integrity?
HOLD THE LINE!
Global, why do you try so hard? You’re like the out of touch drug addict uncle nobody wants at the family gatherings but you keep telling everyone you can do magic.. but you know one lame card trick.. and nobody cares.
I never expect much from network news, so I'm just happy the title wasn't: Russian hacker groups manipulate US stocks – I was kind of expecting that narrative to take off in the msm…
HOLD STRONG
WOW – when did retail small investors get the power to move stocks big time ? Its definitely big Sharks behind this fraud game. Part of the fraud is media trying to pin this on small players
The people beat the rich at their own game. A collective effort by the internet actually.
The entire world is watching the next moves in GameStop Corp. The sensational stock is now seen as emblematic of a late-stage rally in Wall Street. There’s a lot of money flowing into the stock market and investors should invest more money like never before.
Grabblers got grabbled… do it again grabblers! We'll sink you all! Cue the false flag.