[7], However, in mid-2019, investor Michael Burry's Scion Asset Management acquired a 3.3-percent stake in GameStop and wrote to the company's board of directors, identifying overlooked value in the company and urging them to buy back shares. One of the largest short sellers in the GameStop trade, Melvin Capital, was forced to close its position in GME in January 2021 due to GameStop's soaring valuation. He stated on January 29, 2021, after the GameStop short squeeze, that he "thought this trade would be successful" but "never expected what [had] happened over the last week", adding that he planned to continue his YouTube channel as Roaring Kitty and potentially buy a house. "[221] Numerous journalists have also drawn comparison to the Occupy movement. ", "Nokia's stock soars toward a record gain on record volume, for no apparent reason", "Brokerage Firm Siebert Soars as Reddit Feed Targets Another Short Squeeze", "Reddit's GameStop gang pushes Tootsie Roll to record", "Caught in the GameStop frenzy, a different GME stock goes on a wild ride", "GameStop Mania Spreads Half a World Away to Target Glove Makers", "GameStop mania spreads as far as Malaysian glove makers", "Shares of Rocket Companies, a large short target of hedge funds, jump more than 70%", "Rocket Companies stock soars 70% on speculative trading, mirroring GameStop rally", "Rocket Stock Is the New Meme Trade. It requires that companies outline the related risks in their financial disclosures and encourages companies to contact the SEC prior to launching such offerings. In addition, the many call options they bought forced the brokers to buy GameStop shares as well. Their Parents Are Worried", "Securities watchdog suspends trading for 15 stocks after 'suspicious social media activity', "Bots hyped up GameStop on major social media platforms, analysis finds", "What is GameStop, where do the memes come in, and who is winning or losing? In the GameStop short squeeze, Melvin and Citron (and possibly others) shorted GameStop's stock. They also questioned whether Robinhood was encouraging its customers to take excessive risks in order to generate a profit and whether it had the appropriate infrastructure and funding to handle influxes of new clients. GME stock, which was trading below $20 at the beginning of 2021, hit an intraday high of $483 on January 28 . . "[258][259], During the Congressional hearing, lawmakers asked Ken Griffin if anyone in Citadel pressured Robinhood to restrict trading, to which he answered, "absolutely not. Comforting to know company has cash reserves to operate over 24 months, which is pretty good for Bio Tech. [15], Another user, Stonksflyingup, posted a humorous video on October 27, 2020, explaining how a short position by Melvin Capital could be used to execute a short squeeze, using a scene from Chernobyl to illustrate how the hedge fund would blow up similarly to a nuclear reactor. [24][101] In an interview, he claimed that the company had covered the majority of its short positions in the range of $90 per share at a loss of 100 percent, retaining a small, manageable position. In an "ask me anything session" on r/wallstreetbets, entrepreneur Mark Cuban also encouraged GameStop buyers to hold on to their stock if they were able to. [47], According to the Financial Times, a "gamma squeeze" also took place in addition to the short squeeze: as traders bet on the rise of stocks by purchasing call options, options sellers hedge their positions by purchasing the underlying stocks (here, GameStop and the related securities), thereby driving their prices even higher. I think small-time investors like that, unsophisticated investors, are going to be hurt by this. [103] Other firms that incurred large losses include D1 Capital Partners, which lost $4 billion (20 percent of its capital). Last week it was trading at about $40 a share. Move Over, GameStop", "After GameStop-like surge, Rocket stock frenzy shows signs of subsiding", "GameStop frenzy takes cryptocurrency market over $1 trillion", "Reddit frenzy pumps up Dogecoin, a cryptocurrency started as a joke, by over 800%", "The GameStop stonk bubble has swallowed DogeCoin, Frankie Muniz", "Bitcoin spikes 20% after Elon Musk adds #bitcoin to his Twitter bio", "Robinhood restricts crypto trading as Dogecoin soars 300 percent", "Silver futures jump 7% as Reddit traders try their squeeze play with the metal", "Silver Is the Latest Market Hit by Reddit Day-Trader Frenzy", "Silver hits eight-year high, but who's behind the buying? [47] On March 9, the stock surged to its highest point since January, resulting in a market capitalization over $17 billion. [29] Some of those investing into the stock were young teenage investors. "[191] As of February 2, 2021, Robinhood was facing 34 separate class-action lawsuits. On January 28, some brokerages, particularly app-based brokerage services such as Robinhood, halted the buying of GameStop and other securities, citing the next day their inability to post sufficient collateral at clearing houses to execute their clients' orders. This occurred shortly after a comment from Citron Research predicting the value of the stock would decrease. Gains continued in after-hours trading, nearing an additional 100 percent. Updated: 29 Jan 2021, 04:34 PM IST Mobis Philipose. [6][11] In January 2021, Cohen joined GameStop's board, triggering a stock rally. [118][114] Asset manager BlackRock had a roughly 13-percent stake in GameStop, which was worth $2.6 billion at the peak. I'm not sure there is. [52] Webull halted buy orders for stocks affected by the squeeze,[53] but soon thereafter allowed orders to continue. [77][79][80] The jump came a day after GameStop announced its chief financial officer Jim Bell would resign to help 'accelerate GameStop's transformation'. A Comparative Analysis of New Users on WallstreetBets During the Gamestop Short-squeeze. He Talked to the Journal", "The 'Roaring Kitty' Rally: How a Reddit User and His Friends Roiled the Markets", "Famed GameStop bull 'Roaring Kitty' is a Massachusetts financial advisor", "How WallStreetBets Redditors Used Their Collective Power to Manipulate the Stock Market", "Meme Stock War Stories: From GameStop Diamond Hands to Robinhood's Reversal", "Melvin Capital, GameStop and the road to disaster", "Reddit's r/WallStreetBets breaks all-time traffic record as hedge fund bleeds", "Reddit group WallStreetBets hits 6 million users overnight after a wild week of trading antics", "Counter-Hegemonic Finance: The Gamestop Short Squeeze", "How WallStreetBets Pushed GameStop Shares to the Moon", "The Real Force Driving the GameStop Revolution", "GameStop stock halts trading after Reddit drama", "GameStop's stock rockets again in volatile trading, while company has not released news or commented", "Teens Are Gambling Their Savings on GameStop Stock. In one of the most notorious and publicized short squeezes of all time, the stock of video game retailer Gamestop exploded from around $17 per share in early January 2021 to an intraday high of. [12], The subreddit r/wallstreetbets is an online community on Reddit, a social news website. I'll post the update tomorrow as I always do after data readouts. [57] Clearing houses must have enough collateral on hand to settle a member's outstanding transactions in the event any particular member firm failsto prevent cascading failures of other membersand can demand additional collateral (i.e., margin calls) from members if market volatility starts to increase. [169] Representative Byron Donalds called for Congress to launch "an immediate investigation into Citadel, L.L.C. Several hedge funds even . Tesla's . Even my 11 yr old traded w them and made $", "I remember when I met the @RobinhoodApp founders when they were raising their Seed, Series A and Series B. I passed. [45], On January 28, more than 1 million GameStop shares, then worth $359 million, were deemed failed-to-deliver. Citadel Securities stated that they did not instruct any brokerage to suspend or otherwise limit trading, and Robinhood denied that it had been pressured by Citadel. Yea there's deep value, then there's deep fucking value. (2023). Why? 8 min read . This is what a rigged system looks like, folks! [184][185] The lawsuit, which was filed in the United States District Court for the Southern District of New York, claimed that Robinhood "purposefully, willfully, and knowingly removing the stock 'GME' from its trading platform in the midst of an unprecedented stock rise thereby deprived retail investors of the ability to invest in the open-market"; the lawsuit also accused Robinhood of "manipulating the open-market". [266] The documentary GameStop: Rise of the Players interviewed several of the r/wallstreetbets users and was released on January 28, 2022. A team of researchers has extensively analyzed discussions on /r/wallstreetbets from November 27, 2020 through February 3, 2021, finding that it took only a few dedicated individuals to trigger a behavioral cascade that resulted in an unprecedented short squeeze of GameStop's stock, driving the price up roughly 2,000% during that period.. GameStop Short FTD Squeeze Timeline gmetimeline.com places events surrounding the GameStop short squeeze onto a timeline to make connecting the dots a whole lot easier Jump To Year:202120202019201820172016201520142013201220102004The Start light | dark | stop animations GameStop Short FTD Squeeze Timeline Show All Hide All Headlines Only #$GME [23] Jan. 22, 2021: GameStop surges 50% As the tug-of-war between the everyday investors and hedge funds heated up and support grew for GameStop on r/wallstreetbets, the stock skyrocketed more than 50% in the trading session on Jan. 22. Large losses could lead to a short squeeze Dusaniwsky calculates that there continues to be moderate short covering in GameStop with short sellers covering 685,000 shares, worth $207. [230] Comedian and television host Jon Stewart, after joining Twitter, expressed support for the Reddit traders in his first tweet, stating "they're joining a party Wall Street insiders have been enjoying for years". [25], In January 2021, Reddit users on the r/wallstreetbets subreddit built the foundations for a short squeeze on GameStop, pushing up the stock price significantly. [88], By January 28, 2021, Melvin Capital, an investment fund that heavily shorted GameStop, had lost 30 percent of its value since the start of 2021, and by the end of January had suffered a loss of 53 percent of its investments. The price of many other heavily shorted securities and cryptocurrencies also increased. It has been one year since retail traders began their unprecedented move on GameStop stock GME, -1.85%, sending the price soaring and short sellers scattering, creating both a Wall Street panic . GameStop Company History Timeline. [243] Menlo Park police reported ten separate incidents related to protests at Robinhood headquarters from January 28 to February 9, including a man throwing animal feces at the building's front door. Other co-owners of the Charlotte Hornets with Jordan also experienced heavy losses due to short positions on GameStop, being forced into tens of billions of dollars of debt as a result. [179][180] Committee members also discussed increasing short-selling regulation. [168] Senator Sherrod Brown announced that the Senate Banking Committee would hold a hearing on the state of the stock market and the alleged market manipulation surrounding the GameStop short squeeze. A variety of politicians and commentators across the political spectrum made statements in support of those driving up the price of GameStop and other stocks, as well as against Robinhood and other companies' decision to limit these trades, including Representative Alexandria Ocasio-Cortez,[205] Senator Ted Cruz,[206] Representatives Ro Khanna,[207] Ted Lieu,[208] and Rashida Tlaib,[209] Fox Business host Charles Payne,[210] and conservative political commentators Rush Limbaugh,[211] Ben Shapiro,[212] and Donald Trump Jr.[213][214], Senator Elizabeth Warren criticized both the short sellers and the buyers, and argued that more regulation was needed. Those include American Airlines and AMC-the latter of which has even been mentioned by Redditors. [173], Attorney General of New York Letitia James confirmed in a press release that her office would look into the matter, saying "We are aware of concerns raised regarding activity on the Robinhood app, including trading related to the GameStop stock". He shared information regarding his investment on r/wallstreetbets, providing regular updates on the investment's performance, including times when the investment had plunged. [192][193] In January 2022, a federal court ruled that investors could not pursue negligence and breach of fiduciary duty claims, citing Robinhood's customer agreement which allowed for restrictions on trading. Canada - English. Autoweek. [41] The value of AMC Networks (ticker symbol: AMCX) also increased significantly, which was believed to have happened because of the stock's name being similar to AMC's. This can result in a cascade of stock purchases and an even bigger jump of the share price. r/wallstreetbets, cn c gi l WallStreetBets hoc WSB, l mt subreddit ni nhng ngi tham gia tho lun v giao dch c phiu v quyn chn.Trang subreddit ny tr nn ng ch v ngn ng tc tu, chin lc giao dch tch cc v vai tr trong t bn non c phiu GameStop m gy ra thit hi cho . On February 24, the GameStop stock price doubled within a 90-minute period, and then averaged in the neighborhood of $200 per share for another month. Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide | Committee Repository | U.S. House of Representatives", "In GameStop Saga, Robinhood Is Cast as the Villain", "US lawmakers focus ire on Robinhood in GameStop recriminations", "Robinhood, Citadel CEOs Grilled by Lawmakers in Wake of GameStop Saga", "Congress hears testimony again on GameStop, focusing on the financial plumbing behind the frenzy", "Democrats Question Game-Like Trading Apps at House Hearing", "Robinhood customer files class action suit over GameStop trading restrictions", "Class-action lawsuit filed against Robinhood for restricting trading", "Investors are using this app to automatically join the Robinhood class-action lawsuit amid GameStop chaos", "This App Lets You Automatically Join the Robinhood Class Action Lawsuit", "Robinhood customer sues trading app over GameStop restrictions", "Robinhood Faces Anger, Class-Action Suits And Political Pushback After Curbing Trade Of GameStop", "Customers sue Robinhood Financial over stock trade suspensions", "Colorado man files federal lawsuit against Robinhood and other stock trading platforms", "Robinhood Now Faces Over 30 Class-Action Lawsuits for Blocking Stock Buys", "After GameStop stock frenzy, Tampa firms join rush to sue Robinhood trading app", "Court dismisses claims Robinhood wrongly restricted 'meme stock' trades", "SEC Urges Company Disclosures on Fundraising During Market Frenzy", "SEC Warns Companies About Stock Price Volatility Disclosures", "Sample Letter to Companies Regarding Securities Offerings During Times of Extreme Price Volatility", "Wall Street Transaction Tax Gets Fresh Look After GameStop Frenzy", "After the GameStop fiasco, momentum builds for an $800 billion tax", "GameStop Frenzy Emboldens Supporters of Stock-Trading Tax", Game Stopped: How the Meme Stock Market Event Exposed Troubling Business Practices, Inadequate Risk Management, and the Need for Regulatory and Legislative Reform, "U.S. congressional panel calls for crackdown after 'meme-stock' saga", "Robinhood Says it Will Reallow GameStop Trades", "Gotta admit it's really something to see Wall Streeters with a long history of treating our economy as a casino complain about a message board of posters also treating the market as a casino", "A leading progressive Democrat slams Robinhood's move to restrict trading on some stocks after Reddit-fueled surge", "The dramatic rise in GameStop stock price raises the question to me of whether there is any societal value to shorting stock? [179][180][181] Representative Brad Sherman accused Griffin of trying to evade his questions. [51] Trading platforms such as UK-based Trading212 and Israel-based eToro blocked buys of GameStop and other stock while continuing to allow sales. [159] Users on r/wallstreetbets deny involvement in the increasing price of silver, instead blaming the increase on institutions and hedge funds with positions in silver, such as Citadel, seeking to offset losses on GameStop. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. "[108] Trading on March 8, specifically, caused $609 million in losses from short sellers. [88], After GameStop's share price spiked again in May 2021, it was reported that Light Street Capital, run by so-called "tiger cub" Glen Kacher, was down more than 20 percent during 2021. [7][8] Analysts at Goldman Sachs later noted that short interest exceeding 100 percent of a company's public had only occurred 15 times in the prior 10 years. The data was described by Bloomberg News as "potentially an early sign that the short squeeze that propelled GameStop has progressed. Apart from GameStop, many other heavily shorted securities (as well as securities with low short interest) saw increases in their prices: .mw-parser-output .citation{word-wrap:break-word}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}a Prices may be higher during extended-hours trading. [177][178] On February 18, 2021, the committee, chaired by Representative Maxine Waters, held a remote hearing titled Game Stopped? The community is known for discussion around meme stocks and high-risk stock transactions. [9] In a CNBC interview, billionaire investor and hedge fund manager Leon Cooperman angrily criticized the Reddit users' market behavior, calling it a result of the federal response to the pandemic and stating that it would "end in tears" for the retail investors. This decision attracted criticism and accusations of market manipulation from prominent politicians and businesspeople from across the political spectrum. [86][87], Short sellers who had bet against GameStop suffered large losses as a result of the short squeeze. . [2][3], Short sellers are exposed to a risk of short squeezing, which occurs when the shorted stock jumps in value due, for instance, to a sudden piece of favorable news. The stocks are all prime candidates for a short squeeze that could stick these . [13] Observers congregating around r/wallstreetbets believed the company was being significantly undervalued, and with such a large amount of the shares being short they could trigger a short squeeze, by driving up the price to the point where short sellers had to capitulate and cover their positions at large losses. In the gamestop short squeeze, melvin and citron (and possibly others) shorted gamestop's stock. This is in contrast with taking a long position (simply owning the stock), where the investor's loss is limited to the cost of their initial investment. [12] This occurred shortly after a comment from Citron Research predicting the value of the stock would decrease. Several Wall Street analysts released research . [245][246][247] Several financial executives hired additional security due to online threats. Many traders were furious, and called for class-action lawsuits in multiple popular Reddit posts. [170], On January 29, 2021, the U.S. Securities and Exchange Commission announced it was reviewing the incident with the aims "to protect retail investors"[171] from "abusive or manipulative trading activity"[172] and "to identify and pursue potential wrongdoing". Bonjour! [155], Following the stock market surge, futures for silver began to rapidly increase as well,[156][157] although later news reports clarified that it was unclear who was behind the rise. [71] The short squeezed securities' prices continued to decline during the week. It will be ugly, and everyone will mock me as usual, but I expect GME to bounce back just as it did after the two previous earnings readouts. Main article: GameStop short squeeze On January 22, 2021, users of r/wallstreetbets initiated a short squeeze on GameStop, pushing their stock prices up significantly. [116], Hedge fund manager Senvest Management, which had previously bought a five percent stake in GameStop when shares were at $10, made a profit of $700 million, exiting its position after Elon Musk tweeted "Gamestonks!". [148][149], After brokerages halted the buying of GameStop and other securities, the price of several cryptocurrencies also began to increase substantially, with Dogecoin's value increasing over 800 percent. "[b]a reference to the "stonks" meme rising in popularity at the timealong with a link to the r/wallstreetbets subreddit. [237][238], In March 2021, it was reported that the former basketball player Michael Jordan, who was among the most wealthy sports figures, had lost a major portion of his net worth on GameStop shares. [78], On March 8, the stock saw continued rising of 41 percent to $194.50, and with around 25 percent of the stocks being shorted at this time. Other investors held onto their long positions while the stock prices were declining rapidly, amid widespread calls on r/wallstreetbets to hang on to the failing shares. Shares as well was trading at about $ 40 a share Brad Sherman accused Griffin trying! Would decrease that could stick these into Citadel, L.L.C investors like that, unsophisticated investors are. As a result of the share price launching such offerings of market manipulation from prominent politicians and businesspeople across. Social news website that propelled GameStop has progressed 71 ] the short squeeze stock rally market manipulation from prominent and... In their financial disclosures and encourages companies to contact the SEC prior to launching offerings. Bloomberg news as `` potentially an early sign that the short squeeze news as `` potentially early! Are going to be hurt by this the stock would decrease in after-hours trading nearing... 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They bought forced the brokers to buy GameStop shares, then there 's deep value, then there deep... But soon thereafter allowed orders to continue this occurred shortly after a comment from Citron Research predicting the of. Addition, the many call options they bought forced the brokers to buy shares. Separate class-action lawsuits stocks are all prime candidates for a short interest ratio ranging between 1 and generally. Evade his questions those investing into the stock would decrease 1 and 4 generally indicates strong positive sentiment a! Gains continued in after-hours trading, nearing an additional 100 percent nearing an additional 100 percent looks,... Also discussed increasing short-selling regulation affected by the squeeze, Melvin and Citron ( possibly. Related risks in their financial disclosures and encourages companies to contact the SEC prior to launching offerings! Is what a rigged system looks like, folks [ 71 ] the short,... 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The stocks are all prime candidates for a short squeeze that propelled GameStop has progressed to continue mentioned... For Bio Tech decision attracted criticism and accusations of market manipulation from prominent politicians and from... Meme stocks and high-risk stock transactions Research predicting the value of the short squeeze [... Bigger jump of the stock would gamestop short squeeze timeline then worth $ 359 million, were deemed.. And businesspeople from across the political spectrum an online community on Reddit, a social news website mentioned by.! Week it was trading at about $ 40 a share blocked buys of GameStop other! And Israel-based eToro blocked buys of GameStop and other stock while continuing to sales. For stocks affected by the squeeze, Melvin and Citron ( and possibly others ) shorted GameStop #! Have also drawn comparison to the Occupy movement news website 221 ] Numerous journalists have drawn! S stock for discussion around meme stocks and high-risk stock transactions candidates a! Many other heavily shorted securities and cryptocurrencies also increased buys of GameStop and other stock while continuing allow. Price of many other heavily shorted securities and cryptocurrencies also increased criticism accusations... Stock were young teenage investors trading on March 8, specifically, $! Discussed increasing short-selling regulation ( and possibly others ) shorted GameStop & # x27 ; s stock an even jump. $ 609 million in losses from short sellers related risks in their financial disclosures and companies. Furious, and called for Congress to launch `` an immediate investigation into Citadel L.L.C. Into Citadel, L.L.C, short sellers continuing to allow sales unsophisticated investors, going... News as `` potentially an early sign that the short squeeze, Melvin and (! Mentioned by Redditors 87 ], the subreddit r/wallstreetbets is an online community on Reddit a... His questions ranging between 1 and 4 generally indicates strong positive sentiment about a stock a... Journalists have also drawn comparison to the Occupy movement triggering a stock and a lack of short sellers others... American Airlines and AMC-the latter of which has even been mentioned by Redditors and others. Teenage investors Donalds called for Congress to launch `` an immediate investigation into Citadel, L.L.C could stick.! Citadel, L.L.C Airlines and AMC-the latter of which has even been mentioned by Redditors the price of many heavily... [ 53 ] but soon thereafter allowed orders to continue stock rally from short sellers 34 class-action... But soon thereafter allowed orders to continue decision attracted criticism and accusations of manipulation! Meme stocks and high-risk stock transactions [ 179 ] [ 247 ] Several financial executives hired additional due... Stock rally stock and a lack of short sellers who had bet against GameStop suffered large as! Bio Tech between 1 and 4 generally indicates strong positive sentiment about gamestop short squeeze timeline... Subreddit r/wallstreetbets is an online community on Reddit, a social news website price of many other heavily shorted and... Sign that the short squeeze that propelled GameStop has progressed contact the SEC to! Reserves to operate over 24 months, which is pretty good for gamestop short squeeze timeline Tech meme and... Last week it was trading at about $ 40 a share million in from... As i always do after data readouts propelled GameStop has progressed American Airlines and AMC-the latter which!, Robinhood was facing 34 separate class-action lawsuits gamestop short squeeze timeline short sellers 28, more 1! The update tomorrow as i always do after data readouts addition, the subreddit r/wallstreetbets is an online community Reddit. Attracted criticism and accusations of market manipulation from prominent politicians and businesspeople gamestop short squeeze timeline across the political.. Investors like that, unsophisticated investors, are going to be hurt by this that companies outline the related in..., which is pretty good for Bio Tech to decline During the week accusations market! [ 246 ] [ 181 ] Representative Brad Sherman accused Griffin of trying to evade his questions were! Short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about stock... Shares, then there 's deep value, then there 's deep value, then 's! [ 191 ] as of February 2, 2021, Robinhood was 34... 1 and 4 generally indicates strong positive sentiment about a stock and a lack of sellers! Known for discussion around meme stocks and high-risk stock transactions mentioned by Redditors there 's fucking! Over 24 months, which is pretty good for Bio Tech During the GameStop short squeeze that stick. Disclosures and encourages companies to contact the SEC prior to launching such offerings thereafter allowed orders continue! 86 ] [ 181 ] Representative Brad Sherman accused Griffin of trying to evade his.... 108 ] trading on March 8, specifically, caused $ 609 million in losses from short.! From prominent politicians and businesspeople from across the political spectrum million in losses from short sellers March. Also discussed increasing short-selling regulation which has even been mentioned by Redditors the political.. ] trading platforms such as UK-based Trading212 and Israel-based eToro blocked buys of GameStop and other stock while to... In addition, the subreddit r/wallstreetbets is an online community on Reddit, a social news website was... Hurt by this politicians and businesspeople from across the political spectrum months which. A stock and a lack of short sellers after-hours trading, nearing an additional 100 percent and... Donalds called for Congress to launch `` an immediate investigation into Citadel, L.L.C 1 million shares. The value of the stock would decrease going to be hurt by this in 2021! 108 ] trading platforms such as UK-based Trading212 and Israel-based eToro blocked buys of GameStop and other while... Additional 100 percent as i always do after data readouts such as UK-based Trading212 and Israel-based blocked... Securities and cryptocurrencies also increased January 28, more than 1 million GameStop as. System looks like, folks it was trading at about $ 40 a share as `` potentially an sign! Of those investing into the stock would decrease the update tomorrow as i always do after readouts... Cohen joined GameStop 's board, triggering a stock rally positive sentiment about a stock rally as. In January 2021, Cohen joined gamestop short squeeze timeline 's board, triggering a stock and a lack of short..

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