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Celerity

(53,333 posts)

9. a bunch of small day traders on reddit organised to buy up GME (GameStop) stock as the giant hedge

Reply to dpibel (Reply #5)

Thu Jan 28, 2021, 02:32 AM

Jan 2021

Last edited Thu Jan 28, 2021, 03:04 AM - Edit history (1)

hedge fuds held huge short positions (betting the GME stock would go down). The GME stock is up (or was) 8000%, meaning the hedge fund shorts are get massacred. The group is moving onto new targets in similar positions as well, like Blackberry, Virgin Galactic, AMC, Koss, Express, etc etc.

It is a war on the hedge funds by thousands of small day traders.

It isn’t just GameStop: Here are some of the other heavily shorted stocks shooting higher

https://www.marketwatch.com/story/here-are-some-of-the-other-stocks-seeing-gamestop-like-short-squeezes-11611687693

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Tweet of the Day [View all] RandySF Jan 2021 OP

Gonna have to unpack that for the dumb guy TlalocW Jan 2021 #1

With ya. cwydro Jan 2021 #2

Duhhhhh... TlalocW Jan 2021 #3

Lol, I even got a nasty pm from someone once when I posted I didn't get their OP. cwydro Jan 2021 #4

GameStop short squeeze led by small day traders is slaughtering the hedge fund shorts Celerity Jan 2021 #6

Thanks. I think. cwydro Jan 2021 #7

a bunch of small day traders on reddit organised to buy up GME (GameStop) stock as the giant Celerity Jan 2021 #8

I posted something below TlalocW Jan 2021 #14

I don't pretend to understand, but... dpibel Jan 2021 #5

a bunch of small day traders on reddit organised to buy up GME (GameStop) stock as the giant hedge Celerity Jan 2021 #9

THANK YOU for that explanation Skittles Jan 2021 #10

yw! Celerity Jan 2021 #11

$AMC is next 🚀🚀🚀🚀🚀🚀🚀🚀 whttevrr Jan 2021 #12

I found this explanation helpful and now I think I finally understand the ending to "Trading Place" TlalocW Jan 2021 #13

From my understanding the big boys are getting beat.... Lady Freedom Returns Jan 2021 #15