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The Story of Short Squeezes Repeats Itself – Volkswagen (2008) and Gamestop (2021) (guest post)
By InvestingNote  •  January 29, 2021
John Keynes once said that the market can stay irrational longer than most retail investors can stay solvent. Well, we’ll add hedge funds and institutional funds to that lists. In case you have not heard of the hottest town talks surrounding the market in the recent days, shares of several counters (I purposely mentioned counters rather than companies because it doesn’t matter anymore, they are treated as a pawn right now) such as Gamestop $GME, AMC, BB, Nokia, KOSS have rocketed to escalating levels due to strong ongoing retail demand pushing up the stock. This post was originally posted here. The writer, Brian Halim is a veteran community member and blogger on InvestingNote, with a username known as @3Fs and has 2261 followers. Yes, you heard it right. It’s not big institutional controlling it (though I would argue there might be small hedge funds perhaps who are participating in the party), but rather retailers...
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By InvestingNote
InvestingNote is Singapore’s first & largest community-driven platform where investors and traders from all levels connect and share ideas with one another.
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