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GameStop Explained – What happens next?
By Financial Horse  •  January 30, 2021
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.

Timeline

We covered the timeline for GameStop in the midweek article, so do check it out for fuller details. Latest summary below: 2019 – 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. 2020 – 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....
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By Financial Horse
Financial Horse was started to demystify financial investments. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse gallops through the mysteries ...
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