Business
GameStop shares: The day trade raid that rattled world stocks – The Australian Financial Review
A David and Goliath-style skirmish pitting small-scale retail investors against mighty Wall Street hedge funds upended the Australian market on Thursday. Investors…
Triple3 Partners volatility specialist Simon Ho said: Im going to tell my mother to get out of equities.
The short squeeze spread to the broader stockmarket with heavily targeted InvoCare and Treasury Wine Estates advancing on Thursday to defy the drop in the ASX 200 of 1.9 per cent or 130 points to close at 6649.7.
When short sellers cover their positions, they have to buy back the stock they have borrowed, causing prices to rise, and a portfolio loss if the position has appreciated in value.
One…
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