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by aikinai
1964 days ago
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> I suspect what's happening with GameStop is that the stock price is just so absurdly overvalued that short interest has reached a level that people previously thought was impossible. This is backwards. The stock was already over 140% shorted when it was valued less than the cash it had on hand. Plus there were a number of factors converging on a potential turnaround. That's how this all started; it was originally a strong value play with the short squeeze as only a possible cherry on top. You can check the old videos from Roaring Kitty on YouTube to see the original analysis. |
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