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28/01/21
12:46
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Originally posted by TheSpaniard:
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Well, well. Little did we retail investors understand the power we have over institutions if we work together. GameStop is just utterly amazing. When I looked at it 6 months ago it was $4 and now on my tv screen it is $350...wow just wow...how intense is the burning of those short sellers. I wonder which ASX stock is shorted most unfairly? Could it happen here?
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Yes I got a chuckle out of it!https://www.cnet.com/news/reddits-rwallstreetbets-is-back-after-intentional-lockdown/ Some people think that retail isn't big enough to move markets, but heavy retail buying can force the hand of institutions in several ways, (short-squeezing being one of them) and THAT really moves markets.