How Will the GameStop Game Stop?
bloomberg.com
bloomberg.com
Basically we need to start thinking of this as a tool that retail investors now have.
So, the hedge funds will have to tread very carefully now regarding the shorts, since at any time the retail investors can unleash this tool against them.
Of course we're seeing a collusion of brokers that can put a dent in this, but I believe overall this will lead to some interesting fundamental changes. It's not just a blip.
Note: I'm just an observer. I have no positions in any of these stocks.
Regarding price, I wouldn’t be surprised to see GME hold a super premium price for years to come. T
You mean that stock market manipulation is now in the hands of normies who don't wear a suit-and-tie and are not your typical business mogul who has regular insight into stocks and likes to play the stock market casually and for fun?
Looks like there is now another player in the market with the ability to screw the establishment and with an equal or stronger ability to manipulate the market.
It has been well established that most folks with "insights into stocks" have none - as evidenced by the returns on index funds when compared to the managed funds. It has been mostly about who has the deepest pockets and hence the ability to play the game, with lots of insider information sprinkled in.