Business
GameStop shows the power of retail – The Australian Financial Review
The GameStop drama has exposed the growing power of retail investors, who operate on a different plane to Wall Street’s powerful hedge funds and passive investment…
Of course, applying traditional, fundamental stock analysis to GameStop is not logical when its price is subject to a momentum-driven retail mania that is aimed at pulling down the short selling strategies of powerful Wall Street hedge funds.
Through various platforms, including Reddits WallStreetBets, retail investors, guided by social media, have marshalled their resources to make what seem like easy profits while battering short sellers using fundamental analysis.
Retail users of Robinhood, the…
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