The GameStop/Reddit thing is huge with the young folk
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Even if you can put up the money and have enough money in reserve to withstand the risk, sometimes there is no stock for you to borrow to “short” the stock. Recall I linked to an article earlier about more than 100% of GameStop stock have been shorted. That’s a pretty good indication that there is none left to be borrowed.
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GME price movement must be nearly unprecedented. In the first 2.5 hours of trading today, it's fallen by 50%, then doubled, then fallen again by 25%. And that's all from an opening price of 40% less than the close the day before.
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GME price movement must be nearly unprecedented. In the first 2.5 hours of trading today, it's fallen by 50%, then doubled, then fallen again by 25%. And that's all from an opening price of 40% less than the close the day before.
@horace said in The GameStop/Reddit thing is huge with the young folk:
GME price movement must be nearly unprecedented. In the first 2.5 hours of trading today, it's fallen by 50%, then doubled, then fallen again by 25%. And that's all from an opening price of 40% less than the close the day before.
Our ticker symbol was GME for a while in the mid 1980s
When the world was young and ruled by Brooks Brothers suits
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A older friend once told me, "you aren't paying taxes if you aren't making money!" LOL
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Here we go again?
GameStop, AMC shares jump another 50% in premarket trading as meme stock craze returns
The meme stock phenomenon appears to have been reignited by a recent social media from "Roaring Kitty." The man, whose legal name is Keith Gill, posted a picture on the X platform of a video gamer sitting forward on their chair — a meme used by gamers to indicate they are taking the game seriously.
