Anyone watching GME today
new to the market so pardon my ignorance, could you explain further the coordinated effort? are you referring to the citron "announcement"I've been fascinatingly watching on reddit for a couple weeks and may or may not have taken a light position. As far as I know such a coordinated effort at a short squeeze this is uncharted waters. Curious to see if/when and how the SEC is going to jump in.
I don't even know how to begin to explain it. There's this reddit board called wallstreetbets. It's a really strange place, I'll warn you. If you don't know what a short squeeze is, google it. But they undoubtedly coordinated one. I did a lot of DD and I actually believe it was a fundamentally sound move too. Gamestop hired the former CEO of Chewy.com and is transitioning away from brick and mortar retail. It's got tremendous upside and is a very interesting case study on valuation irrespective of this market manipulation.new to the market so pardon my ignorance, could you explain further the coordinated effort? are you referring to the citron "announcement"