GameStop Short Squeeze Incoming: Find Out Why With Roaring Kitty
GameStop is not a Meme Stock, it is a financial revolution.
You might be asking yourself, “Self, didn’t all that meme stock bs end in 2021?”
Nope. Nothing ended. What happened then was the birth of a new beginning.
Short Interest on GME is upwards of 200%, and is now the most heavily shorted stock in the history of the stock market.
A short position is nothing more than a future buyer. Always remember that. Short positions bet that GME would fall into bankruptcy back in 2021, allowing them to reap tax free profits (a short position against a company that goes bankrupt enjoys tax free gains).
That did not happen. Instead, a movement developed behind the GameStop company that was and is, unprecedented. No other company, not even Apple, can claim their customers, shareholders or not, are as rabid as the GameStop fans are for their beloved video game retailer.