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‘Stunned’: GameStop trading frenzy causes local mining company shares to soar
- casefields 6y agoPeople always blame dummies on stuff like this but why can't it be all those secretive algo traders screwing up? The volume of this is $7 million, that's not much but also not small enough for a few day traders that are screwing up. WSB have also been promoting Blackberry a ton. Blockbuster has been bankrupt for nearly a decade yet are up 1200%: https://www.msn.com/en-us/money/news/the-penny-stock-behind-blockbuster-surges-1400-25-rise-from-the-dead-or-mistaken-identity/ar-BB1d9zYj https://www.msn.com/en-us/money/news/the-penny-stock-behind-...
- krackers 6y agoI've always thought it's people (or algorithms) buying the stock in advance in the hopes that they'll profit from other people making a mistake and buying the stock. Sort of like typosquatting.
- antisthenes 6y agoI'm more surprised that it's taking so long to liquidate whatever assets Blockbuster had. It's not like they had any specialized equipment or intellectual property, did they?
- anothernewdude 6y agoWho would buy retail real estate and VHS tapes in this day and age?
- habitue 6y ago> “I was hoping to be able to say it was more to do with our world-class nickel projects.” Gotta give him credit for a solid plug