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These just seems like a list of failing companies. GameStop, AMC, BlackBerry?
by waiseristy 6y ago
These just seems like a list of failing companies. GameStop, AMC, BlackBerry?
- airstrike 6y agoDefine "failing"
- waiseristy 6y agohttps://www.theverge.com/2020/10/13/21514822/amc-theaters-cash-movies-delays-closing-pandemic-debt-regal https://www.theverge.com/2020/10/13/21514822/amc-theaters-ca... https://en.wikipedia.org/wiki/GameStop?oldformat=true#Decline_(2016%E2%80%93present) https://en.wikipedia.org/wiki/GameStop?oldformat=true#Declin... Blackberry probably not considered "failing" but, Gamestop, and AMC. I don't know how else to define their position
- jabroni_salad 6y agoThat is a correct observation. The mainstay feature of WSB is making 'yolo' margin trades, so it's weighted towards companies that are in sink or swim mode and who will soon have an earnings call or some other major event.
- xutopia 6y agoThat's because hedge fund managers severely shorted those stocks. If you buy all the shorted stocks you get to name your price when the shorts come due.