tech

Game on, again: GameStop surges and no one truly knows why

5 Comments
By STAN CHOE and ALEX VEIGA

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5 Comments
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It's really interesting that those moves are put on the back of a few small investors from an Internet forum, since the beginning this is definitely institutional money, a few guys must have some fun with the whole story.

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It's been posited that hedge funds are shorting ETFs that own GameStop stock instead of shorting the stock itself. Other news has reported short-sellers of GME lost $818 million on Wednesday.

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egads man!Today 01:09 pm JST

It's been posited that hedge funds are shorting ETFs that own GameStop stock instead of shorting the stock itself. Other news has reported short-sellers of GME lost $818 million on Wednesday.

There is indeed a small group of well funded people short selling it via all the possible means since the beginning, they've been screwed but I think by some other well funded institutions, WallStreetBets is just anecdotal and has only brought the fight to the public lights.

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Only the algorithms truly know why the stock market is surging.

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The hedge funds are still trying to unload shorted GME stock. This isn’t over.

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