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Game Stop and AMC stock
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Has Achieved Nirvana
Picture of Steve Miller
posted 27 January 2021 11:05 AM
Have you heard about this? My son told me about it. Individuals, mostly on a Reddit board, are driving up prices of stocks in failing companies and causing hedge funds, etc. to cover their short positions. Some are making a whole lot of money.

One article I read said that the rising value may well save AMC. Others point out it's the classic David and Goliath scenario - individual investors sticking it to the man.

It's hard to know where this will end up.

Jon?


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Life is short. Play with your dog.

 
Posts: 35084 | Location: Hooterville, OH | Registered: 23 April 2005Reply With QuoteReport This Post
Serial origamist
Has Achieved Nirvana
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posted 27 January 2021 11:27 AMHide Post
It would be so nice to see the Gremlin and Pacer back on the roads.


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pj, citizen-poster, unless specifically noted otherwise.

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Posts: 30040 | Registered: 27 April 2005Reply With QuoteReport This Post
Has Achieved Nirvana
Picture of Steve Miller
posted 27 January 2021 12:27 PMHide Post
Here's an explainer:

From "The Verge"


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Life is short. Play with your dog.

 
Posts: 35084 | Location: Hooterville, OH | Registered: 23 April 2005Reply With QuoteReport This Post
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