A lot of things have happened over the past 2 weeks since our last update! Of course, the most notable one being the historical short squeeze on the Gamestop stock which has become a global phenomenon now.
I’m sure readers would have came across this, so we won’t be explaining how it came about.
However, the cause of the short squeeze and eventual explosion of the Gamestop share price is quite an interesting and rare event that is happening right now – it’s basically retail investors banding together against hedge funds in a power play.
Other highly shorted stocks such as AMC BB NOK are also heavily pumped by the “reddit armies” who rallied all millennials to push up the stocks.
For those who are buying the stocks, I believe that everyone is in it in hopes of making a quick buck before the music stops and the prices come crashing down....