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…
-
General24 hours agoPerth and WA faces sliced bread shortage after fire disrupts Tip Top factory
-
General23 hours agoRBA governor Bullock says a severe market downturn would raise financial stability concerns
-
General23 hours agoACT ‘beginning to see change’ two years on from the introduction of drug decriminalisation laws
-
Noosa News24 hours agoBrisbane schools without power to use generators after storm