What's everyone's thoughts on GME (Nas)? To theFA guys - what do you value GME at?
It's going to have a big impact on the future of retail trading and stock forums, imo. Hedge funds won't just lie down, but then again, these reddit guys are putting up an amazing fight. Either way, there's a lot more to come on this story, and one of the most fascinating to watch play out.
Instos screw retail traders all the time, then complain when the shoe is on the other foot.
"If GME's stock price remains at these levels or continues to rise, both value and momentum shorts will be squeezed out of their positions, and GME's stock price will get the added boost of short buy-to-covers standing shoulder to shoulder with long buyers in driving up GME's stock price," Dusaniwsky said.
