Wednesday, January 27, 2021
GameStop: Wall Street's bloody battle of the shorts
Something is happening on Wall Street that is almost unheard of. A war has broken out between large institutional investors (banks, hedge funds etc.) and small investors. And as of this post, the small investors are crushing the big boys of the financial world.
Read the story here.
If you don't understand how short selling works, you can read a plain English explanation here.
Disclaimer: I do not own or speculatively trade any individual stocks or other financial securities which is very risky. Nor do I encourage speculative investing unless you fully understand what you are doing, the risks involved, and are prepared to lose some or all of the money you are playing with.