27 January 2021, 11:05 AM
Steve MillerGame Stop and AMC stock
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?
27 January 2021, 11:27 AM
pianojugglerIt 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.
mod-in-training.
pj@ermosworld∙com
All types of erorrs fixed while you wait.
27 January 2021, 12:27 PM
Steve MillerHere's an explainer:
From "The Verge"