Jim Cramer appears to be flabbergasted by GameStop’s epic run — making this observation early Monday: — Jim Cramer, CNBC Trading by individual investors has led to massive rises in the Texas-based videogame retailer’s stock, which has quadrupled in 2021.
The former hedge-fund notable, commenting Monday during a CNBC program he co-hosts, “Squawk on the Street,” said this is new territory for the market: “The mechanics of the market are breaking down. It’s arguable that these people are all one group.”The Margin: Reddit moderator slams Wall Street ‘fat cats’ as GameStop’s wild ride continues — ‘They hate that you played by the rules and still won’
GameStop shares GME, +22.41% surged again Monday, fell and the rose again in a wild day of trading, after storming 51% higher on Friday. The gains came after short-selling firm Citron Research and speculative buyers organizing on Reddit clashed over the game retailer. After the markets closed on Friday, Citron released a video arguing the stock was worth $20. GameStop has been a favorite of Reddit message board WallStreetBets, where hundreds of posters have been calling for other posters to buy the stock after investors betting against the chain pushed short interest to more than 100%.
The mechanics of the market are behaving correctly. It's the big money that's breaking down, so here comes the FUD and the uninformed to bail them out. THAT's the market breaking down.
The poors aren't allowed to feast wtf
the mechanics of the markets are evolving ?
The Fed is the most reckless guy in the room! The new Wolf of Wallstreet is Jay Powell. Blow them bubbles Fed, let's juice this market some more!
_£*())£¥£¥77¥87¥£¥/59778_6¥£978¥89€7£¥¥£())0
The 4th time you going to tweet this same stupid Cramer story?
J Powell is 100% responsible for this by removing the fear with their nationalizing of the market. This is what you get when the mechanism for clearing away excesses, is removed.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »