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© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Game on, again: GameStop surges and no one truly knows why
By STAN CHOE and ALEX VEIGA NEW YORK©2024 GPlusMedia Inc.
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Eppee
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.
egads man!
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.
Eppee
egads man!Today 01:09 pm JST
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.
Peter Neil
Only the algorithms truly know why the stock market is surging.
cla68
The hedge funds are still trying to unload shorted GME stock. This isn’t over.