Former NYSE Trader on GameStop Earnings and Naked Shorts
thestreet, 10 June 2021
Momentum stocks, which have been dubbed “meme stocks” by mainstream media and Wall Street, have taken the stock market by storm in the last six months.
Earlier this week, stocks such as GameStop (GME) – Get Report and AMC (AMC) – Get Report were seeing positive momentum. Even stocks like Clover (CLOV) – Get Report and Wendy’s (WEN) – Get Report joined them.
However, GameStop’s momentum turned negative in Thursday intraday trading following the company’s earnings report late Wednesday. Continue reading “Article: Former NYSE Trader on GameStop Earnings and Naked Shorts”
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