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What Just Happened With GameStop?
Description
GameStop is back in the news after rallying over 100% this week. Today's video discusses what's going on, and whether the speculative theories around where the ticker goes from here have any merit.
Article explaining XRT short interest: https://www.nasdaq.com/articles/why-spdr-retail-etf-xrt-600-short-2011-06-10
SEC Report: https://www.sec.gov/page/sec-staff-release-gamestop-report
DISCLAIMERS:
I do not hold a long or short position in any of the mentioned companies.
Richard Coffin is a registered portfolio manager, CFP professional and CFA charter holder.
This channel is for education purposes only and does not constitute financial advice - Richard is not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance (while Richard is a registered portfolio manager at WDS Investment Management, he does not provide advice through The Plain Bagel, which is not directly affiliated with his employer).
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