Yep and I’ve been watching the price action of Gamestop (GME) during the US session.
Monday, GME opened up 36% at $97. I watched it go to $160 before falling back down to close at $76. Thought the action was all over after that. Very surprised to see that yesterday it opened at $88 and closed at $148.
Monday, GME opened up 36% at $97. I watched it go to $160 before falling back down to close at $76. Thought the action was all over after that. Very surprised to see that yesterday it opened at $88 and closed at $148.
It’s amazing, as in Aug GME was the butt of short sellers having traded down to 2.60. Until Dave Cohen joined to the board and stirred up all the geeks at Wallstreetbets (called Tendies). Many of these Tendies bought call options with all their money and many of them are sitting on HUGE open profits.
GME is being reported by more mainstream media now. It’s a very interesting read.
GME trades as EB Games in Aust.
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