Witness the history! There has been a "century air squeeze war" between retail investors and Wall Street shorts recently. The retail investors have "grouped" the big short hedge funds until they admit defeat and choose to close their positions and leave the market!
On January 27, the US tens of billions hedge fund Melvin Capital (Melvin Capital) has closed its short position in Game Station (GME).
After the opening on the 27th, the game station opened sharply again, once it soared by more than 150%, and its stock price hit a maximum of US$380. After that, it fluctuated and fell back. It closed at US$344.99, which is just 17 transactions compared to the stock price of US$18.84 at the beginning of the year. Within days, the stock price soared more than 17 times.
Faced with such a violent short-squeeze market, the market once speculated that Melvin Capital, which holds a large short position in Game Station (GME), will declare bankruptcy.
Before that, Citron, a well-known Wall Street bearer, had issued a bearish report on the game station. However, in the face of this short-selling report, retail investors instantly fry the pot, immediately appealed on social media for Baotuan to raise the share price of the game station, and attacked Citron’s social media accounts, resulting in Citron having to “surrender”.
It is worth mentioning that just as the air-squeeze war entered the white-hot stage, even the world's richest man Musk “eat melons” online. He called the game station crazy on social media, adding fire to the original crazy market.
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