GME hitting 430 in in before hours trading. A sight to see indeed, I wonder if it becomes a 100 billion dollar company.
If these gamblers are pissed at wall street and all the games they play, what ever profits they get they should plow into Bitcoin. that would be another fuck you.
Edit: 450
Edit2: Blown away by these shorts apparently GME is still 140% short, this thing could go to 10,000 if the run keeps going
https://www.zerohedge.com/markets/we-have-some-bad-news-gamestop-shortsEuropean eToro has even stopped trading GME until NYSE opens, those fucks.
I think everywhere is going to block retail on this. Those shorts haven't even been covered yet according to ZH article. This thing could bring down a lot of people.
What do you mean by not covered yet?
I mean the shorters haven't exited their postions yet. Which means a short squeeze hasn't happened yet.
Shorters can only exit their position by buying the same number of shares they have shorted. When this happens it will add to the buying demand even more. I'm shocked that there has been no covering yet, these shorters are sitting on billions of dollars of losses.
Maybe they're sitting on ever-increasing potential losses while waiting for Amazon, Apple and Google to shut down Robinhood. I believe Robinhood relies on AWS + App store/Play store for dist.
Also, it would be no surprise to anyone if big gov't bailed out big finance at the expense of little guy... again.