Gamestop

24601 said:
Paul Sommerville was on The Stand with Eamon Dunphy about this yesterday and it's well worth a listen. He gives a very good insight on the importance of shorting in maintaining an efficient market.

https://thestandwitheamondunphy.com/episode/1012/
Click to expand...

Paul was very active on twitter throughout the GME saga. Very much on the side of the hedge funds as opposed to the Reddit gang.
In fact, he blocked people on twitter for even mildly disagreeing with his points.

On his radio segments over the years, he tends to lean towards the Bear view on markets. Is it possible he's involved in the Shorting game himself, and wasn't a bit pleased with the Redditers jacking up the price of his positions?
 
Every commentator I've hear or read has a position on this - so as always caveat emptor
 
What goes up must come down etc. etc.

5321
 
lledlledlled said:
In the case of Gamestop, it would appear so. Although plenty said the same about a certain crypto currency and a certain electric car maker, and they're not showing much sign of falling.
Click to expand...

They're not showing much sign of falling....yet.
 
Gamestop is just a declining bricks and mortar retailer. It's more likely to hit $4 than $400 in the next 12 months.
 
  • Like
Reactions: jpd
You must log in or register to reply here.
Back
Top