GameStop (Wall St vs. Main Street)
blog.excelpricefeed.comI thought I would write up an explanation of what is currently going on with GameStop, in what could be a defining moment for the world of finance.
I hope some of you find it interesting and informative!
Thanks - I thought it was a clear explanation of the basic forces/processes driving things, at least the financial aspects. Now I can see how to fit in the information (accurate? I don't know) that someone else on HN said - that owners of large blocks of stock are driving the price downwards at times by selling to each other. If this is true, then the simple thesis of the Infinity Squeeze is wrong and explains why short sellers keep piling in. Somebody is going to lose money somewhere...
But I have no idea, I am not in finance and don't take anything I say as fact.
Sociologically, there are a whole lot of different things driving it and I look forward to the book examining all those aspects.