"GameStop shares fall 5% as company looks to cash in on Reddit surge
Video-game retailer reveals plan to sell 3.5m shares to speed up transition to e‑commerce model"
https://www.theguardian.com/business...n-reddit-surge
Just WTF they did not do that few months ago to cash in on kids breakfast money by selling newly minted shares at 400 bucks and use proceeds to buy Blizzard, Activision, Valve etc - kids would have loved that too!
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Reply to: The Official GME shares thread
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Previously on "The Official GME shares thread"
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And if you’re wondering what happened in the end...
Reddit investors adopt 3,500 gorillas in six days https://www.bbc.co.uk/news/business-56416954
#apestogetherstrong
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6 trading halts in 31min. Every trading halt lasts 5min, this must be a record.
https://www.reddit.com/r/wallstreetb...ng_halt_lasts/
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Originally posted by AtW View Post336.39 USD +89.49 (36.25%)
Short squeeze is back on because they just offloaded it to another firm (maybe for just 24 hours) to claim they don’t have shorts anymore
Crazy stuff!
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336.39 USD +89.49 (36.25%)
Short squeeze is back on because they just offloaded it to another firm (maybe for just 24 hours) to claim they don’t have shorts anymore
Leave a comment:
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“‘I lost £170k on GameStop due to Reddit investors and incompetent stock broker’
“As an experienced investor, I recently became heavily invested in a short position in GameStop, the American consumer electronics store, which was doing terribly as a business. But then, a few weeks back, when things started kicking off on Reddit and people started piling into the stock to artificially boost its value, I started rapidly losing money. I was down around £170,000, and my account fell into negative equity.
I told my broker, Interactive Brokers, that I wanted to close out my position as quickly as possible.On Jan 27, GameStop shares opened in the premarket at 9am UK time at $240 (£172), and then traded between $183 and $364 until the New York Stock Exchange opened.”
https://www.telegraph.co.uk/money/ka...-stock-broker/
That’s at least +170,000 EXP points
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