I rarely comment on current events, but the GameStop Reddit group supporters versus hedge fund stock price wars story is just too juicy to not take a bite, share my thoughts, and offer a few warnings for readers to heed. I’ll do my best to give a fair summary the GameStop story here, but this story is changing by the minute. Let’s first start with a summary of “short selling” as that is essential to understanding what is going on in this story. What is Short Selling? “Short selling” is when an investor (speculative “trader” might be more...
[Read the rest of the story at 20somethingfinance.com]
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[Read the rest of the story at 20somethingfinance.com]