For approx one week – this tiny “bricks and mortar” gaming retailer dominated just about every financial headline…
And it’s easy to understand why…
When a stock price goes from $20 to a high of $482 in a couple of weeks… people are going to take notice..
The thing: what goes straight up … inevitably comes straight down.
A little known $1B brick and mortar retailer known as “GameStop” is dominating every financial news headline…
And for good reason… the retail trader is taking on Wall Street at their own game… and winning (for now).
Hedge Fund “Melvin Capital” is reported to have lost ~ $7B as a result of retail traders forcing the firm to cut their losses… and it could be just the beginning.
