Bofferbrauer2 said:
Amnesia said:
If this french analyst is right, then it is wonderful and funny. According to him, it was a trap successfully done by a group of amateurs who made a coordinated operation to force more experienced investment groups to buy back at lost their positions* *I don't know how you call this in English, when you sell in advance a stock you do not have, and you expect to buy it later at lower price to earn the difference. I have never yet tried that, it scares me to play with stocks "from the future". So some smarts amateur investors planned to make it explode by offering at the open some buy orders at 4 times the prices sometimes, they really triggered a move which forced many investors to buy back their position to desperately limit their lost. https://www.youtube.com/watch?v=1vjYwBzWJWw |
Might look up my post above, where I try to explain it as best as I can Edit: Jim Cramer of all people is totally losing it over this: https://www.msn.com/en-us/money/topstocks/jim-cramer-reddit-s-wallstreetbets-is-targeting-short-positions/vi-BB1d52w8 https://www.msn.com/en-us/money/topstocks/jim-cramer-says-wallstreetbets-reddit-has-altered-market-psychology/vi-BB1d56wG Also just look how volatile the Gamestop share value is during the first video, jumping wildly between $79 and $85 during it. And I learned that Gamestop is not the only one, Bed, Bath & Beyond is also traded like Gamestop against short sellers, just at a somewhat lower level. https://www.youtube.com/watch?v=nKNOgnDyvzk |
Ok, so it is a "short squeeze". It is very different in french so hard to guess (vente à découvert : VAD)
