What Are Your Moves Tomorrow, May 2, 2024
Posted: May 01, 2024
- $GME (GameStop) stock has been on a wild ride with short squeezes - GameStop stock is being heavily shorted by institutional investors - Retail investors on the subreddit r/wallstreetbets have been driving up the stock price - Hedge funds are losing billions of dollars due to the short squeeze - Some retail investors have made significant profits investing in GameStop, while others have lost money - The situation with GameStop stock highlights the power of retail investors on social media platforms like Reddit to influence the stock market
Summarized top reddit comments: - Caution against buying puts then switching to calls - Frustration with bulls and illiteracy - Feeling cursed in the market - Decision to stop playing with SPY - Carvana's unpredictable movement - Negative outcomes with FSLY - Congratulations to call buyers on CVNA - JPow's impact on calls and puts - Mention of an "ungay movement"
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