Business
Revenge of the nerds is burning Wall Street – Small Caps
The company in question is called GameStop (NYSE: GME) which in Australia is best known for its successful chain of EB Games stores.
If there is one lesson we should all learn, it is never to get on the wrong side of a nerd and particularly not a group of nerds and gamers.
It is a lesson some Wall Street hedge funds will never forget as one of the greatest short squeezes ever seen causes almost limitless financial pain for some of the self-professed smartest guys and gals in the room.
The company in question is called GameStop (NYSE: GME) which in Australia is best known for its successful chain of EB Games stores.
The hedge…
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