Show Posts
1
General Stock Discussion / Learning from GameStop action
« on: January 28, 2021, 20:50 »
Just imagine that a large group of image creators teamed up like the individual investors in shares of the GameStop company against the short sellers and decided to fight the stock agencies and CEO's who sell them short.
Quote
A behavioral economist thinks the wild trading in GameStop is the beginning of a major shift in investing power.
“The people are saying, ‘Screw Wall Street,’” said the University of Chicago’s Alex Imas.
Trading in GameStop has reached fever-pitched levels and shows little sign of breaking. Despite the plunge in prices during Thursday’s session after several brokerages put limits on buying and selling, the stock is up a head-spinning 500% in a week.
It’s possible this is just the beginning of a new wave for Wall Street.
