The past week we have seen the likes of GameStop, AMC, KOSS, and a few others dominating the news headline across the market playing out of the short squeeze thesis.
I must say that this has been one of my main sources of entertainment (I believe the same too for others) in the past week, reading across different sources and scrolling multiple forums, understanding what are others are doing and thinking.
The thesis of the Reddit army holding the line in order to cause a short squeeze and not allowing the short sellers to cover back their positions sounds strong enough and valid. Unfortunately, we are in a game of our ownself look after ownself and when there is a group of FOMO people that starts to go in at the later part of the party, there can only be one ending outcome.
Alright, I know it’s extremely hard to resist the temptation when you see a 10-year-old kid or a 25