Daily Archives: January 27, 2021

The Gamestop Short Squeeze (NYSE:GME)

The Gamestop Short squeeze is quickly becoming the stuff of legends. From a price of under $3 a year ago, shares in Gamestop now trade hands at over $200 a share. That is close to 100x return. If you had put in $10,000 in to Gamestop shares about a year ago, you would be sitting on a cool $1,000,000. That is truly epic considering Gamestop was dead and buried a year ago. The people at popular subreddit group /r/wallstreetbets crafted the greatest short squeeze of all time. What Is A Short Squeeze? When you believe a stock is going to rise in value, you are said to be “long” the […]