Why The GameStop Pump Shouldn’t Surprise You – roto.life
Blog iconBraden
Jan 12
Original article published: January 28, 2021 The events of the past few days are the result of a system designed for the one’s who make the rules. Unless you live under a rock you’ve heard about it. In summary: Hedge funds had a record short position of 140% on GME (GameStop). One of the main institutions involved was Melvin Capital. Subreddit r/wallstreetbets found out about the short positions through public information. They decided to band together and buy up the stock forcing institution...

Braden

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Data analyst by day. Curious entrepreneur trying to learn by night.

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