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2021-03-11

Gamestop Part Two

In January 2021, Gamestop, a heavily shorted stock, soared through the roof. After tremendous manipulation and the threat of government intervention, the stock plummeted and most people assumed that the GME saga was over. They were all wrong. In early March, after a month of trading low, GME again skyrocketed in a matter of days. This time, it was fueled by the Covid relief checks that the Federal government just approved. Retail investors, especially young people, became more willing to throw over a thousand dollars into the ring. Only time will tell if this is the true Mother of All Short Squeezes as the Reddit community Wallstreetbets predicts.