And how will this extreme air campaign end?Expert analysis, the final pick up the bar of retail investors will be the final loser!
It rebounded sharply on Friday to close at $325.At the start of the year, the stock was trading at about $18.As of Friday, the stock was up more than 1,600% this year.
In the WallStreetBets (WSB) of Reddit, the retail investor base, there is a “leading brother” whose ID is DeepFxxingValue. It is he who promotes the retail investor to the game station by constantly Posting orders and making comments and predictions, leading the retail investor to form a short squeeze, forcing the big bearers to give up one after another.
According to several foreign media outlets, the real identity of the “Big Brother” is Keith Patrick Gill, a 34-year-old financial analyst in Boston and a stay-at-home dad.He also has a YouTube account called Roaring Kitty, where he shares his views on the stock market.
Game Station is a traditional gaming retailer, but with fewer and fewer people buying games in physical stores, the company has been the underdog for the past few years.The company’s stock price fell from $28 in 2016 to around $3 at the end of 2019.Last year, Game Station was the most shorted stock in the U.S. stock market.According to FactSet, short positions in Game Station are 138% of total stock outstanding.
According to Gill, he started investing in GameStation in June 2019, when the stock was around $5.He has since kept buying, and he continues to post screenshots of his account options investments on the WSB forum.He posts regularly with the “GME YOLO Update,” a reference to the GameStop ticker symbol and the catchphrase “you only live once.”He flaunts five – and six-figure returns, and when investments plummet.