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GameStop thread

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I wonder why no one created this thread yet? Something amazing is happening, I do not possess enough knowledge to understand it, but it is much worth of discussion.


Anyone with the knowledge of stocks?


What I understood so far:

1. there is some reddit forum like TT, about Wall Street

2. someone noticed that hedge fonds betted a lot of money that some gaming company in Texas will go down.

3. many people in the forum are gamers, so they started buying its stocks.

4. shares went up 300%

5. hedge fonds on the way to be broke. The trading companies banned buying the stocks of this gaming company.


What do you think?





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