Could be good news on the way " Taken from the AGE today" for us...

Could be good news on the way " Taken from the AGE today" for us small fry


The hunters become the hunted: short sellers under threat on Wall StElizabeth KnightBusiness columnist January 27, 2021 — 12.00amLeave a commentThe short selling hedge funds have long been the scourge of many in the corporate establishment. Welcome to the creation of a new era - one where the hunter has become the hunted - weaponised through social media.Wall St is buzzing after stratospheric price gains have been experienced among a handful of traditionally unloved out-of-favour companies - most notable among them being clapped out retail chain GameStop, the former phone-maker Blackberry and homewares retailer Bed Bath & Beyond.It’s the ultimate short squeeze.Day traders are feverishly betting on stocks via Reddit group WallStreetBets.Credit:RedditBy way of example, GameStop shares have exploded - up 245 per cent this year while Bed Bath & Beyond rose 40 per cent in one hour of trading on Monday.