The Average Investor Strikes Back - It isn’t just GameStop: Here are some of the other heavily shorted stocks shooting higher
Posted on
I don't know how many of you are invested in Stocks or follow the news on Wall Street on a daily basis, but consider this....Gamestop the retailer who bought/sold/traded Computer Games was selling at less that $20/share two weeks ago...today in trading the stock was selling or over $350/share....what happened was a group of Major Wall Street Hedge Funds shorted the stock and forced it down hoping to make billions, at the same time a big group of individuals on Reddit noticed what was happening and proceeded to lead a campaign to buy the stock forcing it up to unprecedented highs, causing billions of dollars in loses to major Wall Street Firms...this is one case where the little guy severely punished Wall Street...