GameStop up another 60%, amateur interest shows no sign of abating

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GameStop up another 60%, amateur interest shows no sign of abating

Reuters2021-01-27

LONDON, Jan 27 (Reuters) - GameStop shares surged another 60% on Wednesday in pre-market trading, boosted by increased interest among amateur investors who have lifted the share price by 700% over the past two weeks.

But some hedge funds have refused to budge from their bearish bets, with FIS' Analytics data showing investors had piled on $2.2 billion in bearish bets on the U.S. video game retailer -- a whopping 20% of its market capitalisation,

In the meantime, Reddit's Wallstreetbets stock trading discussion group were backing the company, buying shares and call options on the stock.

A similar euphoria has boosted BlackBerry and Nokia

Meanwhile in Europe, shares of Evotec and Varta

jumped on a chatter that Melvin Capital Management was being forced to unwind its short positions to cover losses on its other bearish bets, including GameStop.

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kwwsamuel
·2021-01-29
Cool
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pLandon
·2021-01-28
Buy. HODL.
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hoyeah
·2021-01-28
Leggo
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roge857
·2021-01-28
Stop mooning plss
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Euphy
·2021-01-28
LETS GO BOISSSS
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CrissX
·2021-01-28
Great to see everyone working together!
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- CrissX:
  Awesome
  2021-01-28
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CrissX
·2021-01-28
Non stop mooning
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1
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- sqwee:
  explosive
  2021-01-28
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LeonardKSW
·2021-01-28
Thanks for the info
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车厘子tomato
·2021-01-28
missed this
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OnFire
·2021-01-28
Such collective power.
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Mattong
·2021-01-28
Wow!!
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jazlynnsee
·2021-01-28
moon
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dessyag
·2021-01-28
ok
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AaronHo
·2021-01-28
Wow. This is insane!
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Amberton
·2021-01-28
We can’t stop
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- JL88:
  we shouldn't!
  2021-01-28
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nevkoh27
·2021-01-28
cool!
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therealp
·2021-01-28
TO THE MOOON
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- JL88:
  [得意]
  2021-01-28
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- nevkoh27:
  [财迷]
  2021-01-28
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- 社区成长助手:
  终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看老虎社区创作指引
  2021-01-28
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nevkoh27
·2021-01-28
interesting
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- 社区成长助手:
  终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看老虎社区创作指引
  2021-01-28
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- therealp:
  very!!
  2021-01-28
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mooning","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/311259514","repostId":2106281886,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3415356,"gmtCreate":1611838002091,"gmtModify":1680774558513,"authorId":3572388051225996,"author":{"id":3572388051225996,"authorId":3572388051225996,"name":"sqwee","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":311259514,"type":1,"supId":0,"prevId":0,"content":"<u>explosive</u>","text":"<u>explosive</u>","html":"<u>explosive</u>"}],"langContent":"EN"},{"id":311264262,"gmtCreate":1611801274856,"gmtModify":1704863687234,"author":{"id":"3569318025811476","authorId":"3569318025811476","name":"LeonardKSW","avatar":"https://static.tigerbbs.com/eeba92ccfc8a91444aa3e36de4a39425","vip":1,"hat":"https://static.tigerbbs.com/50a4c8d97279fa9f8f1fa9749a6bdff4","crmLevel":7,"crmLevelSwitch":0},"htmlText":"Thanks 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