Interesting trading news these days - It isn't just Game Stop - Market Watch January 28
"The dynamic that has seemingly contributed to a short squeeze in the stock of videogame retailer GameStop Corp. also appears to be affecting shares in a host of other heavily shorted companies.
Shares of AMC Entertainment Holdings Inc. AMC, +301.21%, BlackBerry Ltd. BB, +32.66%, headphone maker Koss Corp. KOSS, +480.00% and retailer Express Inc. EXPR, +214.14%, have all experienced sharp moves without any apparent news to act as a driver while facing a large amount of bets against them. The same dynamic exists for GameStop GME, +134.84% stock, which has skyrocketed more than 1,600% in the past two-plus weeks amid support from investors on Reddit’s WallStreetBets message board."
I'd think that they're not quite right about "without any apparent news" - it's just that the power of information has reached a new audience. Especially regarding really big traders who are running around in wintertime in shorts.
Also noteworthy - Twitter was down 2.98% partly due to recent controversial events, but has been set to overweight with a target of $65 by some analysts - https://www.marketwatch.com/story/twitt ... 2021-01-28. Twitter will announce 4Q results after the close on Feb 9.
Certainly, not suggesting that you want to believe everything you read, but if retail investors take note, might watch out for another David vs. Goliath squeeze.
None of this is investment advice, just noting an emerging phenomenon with these message boards. TD Ameritrade has already announced that it will limit trading on some of those names, and there may be other countervailing actions too. TD Ameritrade restricts trading of GameStop, AMC stock - GameStop stock soars, but regulators are keeping an eye out - CNET Jan 27.
The invisible hand is not always seen, but you might feel it anyway.