Sharks arrive at the GameStop party: Morning Brief
Sharks arrive at the GameStop party: Morning Brief
February 3, 2021
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Myles Udland from finance.yahoo said that These returns suggest the current rally from the March 2020 lows has been a golden age of retail traders sticking it to hedge funds. A popular subplot of the recent fervor around GameStop (GME) and other heavily-shorted stocks is that these trades are a way for David to take on Goliath.
And while we’ll leave the motivations of those who think a short squeeze is actually a political revolution for another newsletter to tackle, it’s clear these investing Goliaths took notice of what’s gone in markets of late. And these sharks arrived to take their cut of the spoils.
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