Business
Revenge of the day traders: What’s the GameStop craze all about? – Sydney Morning Herald
How has a chain of videogame stores become a sensation? What’s a short squeeze? And why are hedge fund managers so nervous about it all?
Normal text sizeLarger text sizeVery large text size
Its got the makings of a Hollywood flick: an online band of rogues piles into a beaten-down stock to take on Wall Street short-sellers, and deliver a firm up yours to the investment establishment.
And, remarkably, as things stand, it actually worked.
Those with even a passing interest in the financial world will no doubt have clocked the drama around GameStop, investors tapping into the online forum Reddit, hedge funds and the sharemarket.
So…
-
Noosa News21 hours agoLaidley e-scooter death: Tragic new details after Summah Richards killed in freak accident
-
General22 hours agoMinjee Lee rallies after third-round meltdown to share fifth place at LA Championship
-
General15 hours agoUkraine says Russia has ramped up attacks despite ‘Easter truce’
-
General14 hours agoPope Francis appears Easter Sunday to deliver blessing as recovery continues