Myer versus Gamestop and unfair big short game

Most indicators are pointing to increased online sales, yet the share price had not moved out of the tight range thanks to the unethical behavior of the big short position players who are ignoring this fact, trading with borrowed shares, not their money and as a result of this behavior destroyed a lot of mum and dad investors. Dad and mum investors who took a long position in one of the iconic Aussie retail company in the hope they could support their kids education. The company is also a takeover target and may be the vultures are circling the company to buy it cheap.

What have we done as a group of small retail investors to fight back and protect our investment.

let us have a look at this story which I am sure you all read about it. The story of GameStop share price which everyone anywhere in the world is talking about it.

It is the story of GameStop and the man behind it Keith Gill.
A real true leader with hard core small retail traders, some of them took the fight against the big short players personally, growing up and seeing mum and dad suffering the pain of losing their hard earned money from the manipulation of the market by those who trade with borrowed shares.

the story highlights the effect of the power of unity among people who had suffered enough from big players in Wall Street and their unethical behavior that resulted in destroying the values of big companies over the years.

All the small investors on Reddit’s Waslstreetbets forum United and asked each other to hold onto their shares and buy more. The result of unity and the significant rise in the number of subscribers on the forum has resulted in a big community, large enough (1.9 m) to beat big short players and even drove the share price of the company from $2.57 to nearly $400 plus before it closed on Friday at $325.

What would happen to Myer share price when the small retail
investors learn from their peers who have so far won the fight against some big big short players on Wall Street snd forced them to close their short position .

The share price of Myer one of the most shorted position and the likes will rise to its intrinsic value when the short positions are closed, but that requires people to learn from their peers and understand that strong hands that hold on their shares is the easiest way to protect their investments and the value of their companies.

This is not a financial advice but rather sharing my thoughts and what lesson learnt from the story of GameStop

The power of people snd unity