Umm, no Guardian, no

The tumble in GameStop’s shares indicates that the hedge funds betting against it, which had been caught in a “short squeeze” – a situation where they have been forced to buy more shares in a bid to stem their losses – have now closed out their positions.

Prices don’t fall because people have bought shares.

Still a 130% short interest there…..

3 thoughts on “Umm, no Guardian, no”

  1. “Prices don’t fall because people have bought shares.”

    Well some one has to buy if someone is selling…….

  2. Wouldn’t the fall in share prices be caused by the naughty people who bought shares to drive the price up and poke the hedge-finders in the eye, selling their shares and cashing out?

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