So I had an article on CDL prepared for this weekend. Research on the Sincere saga all done and dusted.
But come on – who am I kidding.
There’s really only 1 story I can write about this week.
And that’s GameStop.
This short squeeze turned class war has captured the hearts and minds of investors the world over – including this humble horse.
We covered the timeline for GameStop in the midweek article
, so do check it out for fuller details.
Latest summary below:
– Reddit User DFV (name not safe to print) buys $50,000 in GameStop call options on a fundamentals-based analysis. He shares his story in Reddit thread WallStreetBets (r/wsb
), which will become ground zero in the war to come.
– Short sellers attack GameStop throughout 2020. In 2020, shorts largely succeed because of (1) COVID-19 deterring visits to the physical store, and (2) video game purchases moving online. As at Dec 2020, short volume is a whopping 139% of shares outstanding....