If you follow Gamestop, people have been pumping this for months, they've been loading calls and shares, and there is absolutely ZERO reason that this stock should be up 68% (at time of post) today on ZERO news. NONE. There is no catalysts except for new board members? You mean to tell me THAT causes a company that is actively closing stores to go up 68% on a random Wednesday in January???? This is a prime example of what it means when a group of traders (a large group) gets together and causes a stock to run).
No. Im not buying it. Literally not buying it.
NO OPEN POSITIONS and staying away entirely. I suggest you do the same.
First - I am now more aware of what a short squeeze is and I am thankful for all the info I received.
Second - I still stand by my statement, I think if you have no open positions you should stay away entirely. I dont think it sustains this momentum right now.