- Nov 7, 2015
- 2,475
- 6,691
Anyone hear of this story about a bunch of people on Reddit getting together to gobble up GameStop stock, thereby raising the price of the stock from $19.26 on 12/31 to a high of $354 a few days ago.
these Redditors killed it it on options, some dude saying he made over $11MM on GameStop this year alone.
How GameStop’s Reddit- and Options-Fueled Stock Rally Happened
So, who wants to go in with me and artificially create demand for a crappy stock, like Applebee’s or Zima.
I can chip in $250.00, and some Oxbucks: is that enough to tilt the market in our favor?
(side note: is this collusion or some other type of fraud?)
these Redditors killed it it on options, some dude saying he made over $11MM on GameStop this year alone.
How GameStop’s Reddit- and Options-Fueled Stock Rally Happened
So, who wants to go in with me and artificially create demand for a crappy stock, like Applebee’s or Zima.
I can chip in $250.00, and some Oxbucks: is that enough to tilt the market in our favor?
(side note: is this collusion or some other type of fraud?)