/biz/ - Business & Finance

>>	Anonymous Thu Feb 25 15:55:22 2021 No.29694985 [View] File: 10 KB, 184x273, 1614202380093.jpg [View same] [iqdb] [saucenao] [google] >people are unironically using GameStop as their bank

Anonymous Wed Feb 24 16:33:00 2021 No.29601587 [View]
File: 10 KB, 184x273, index.jpg [View same] [iqdb] [saucenao] [google]

This is not the squeeze or gamma squeeze.
This is something completely differerent,

1) The volume is far too high for this to be retail investors. Someone big just bought a lot of shares
2) GME isn't extremely overshorted anymore - Only around 40%. Which is still a lot but far away from meme squeeze territory.
3) GME bumped the hardest but other stocks also bumped extraordinarly high near the end of todays market which once again makes it likely that this is one big fish buying in.

Is this bullish for GME? Definitely.
Is it related to the squeeze? Not at all.

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