A professional produced video gives an expert's viewpoint about the recent story of GameStop stock. Hamilton Keats states that there is more to the story than what is being reported in the media.
Norwich, United Kingdom - March 7, 2021 /PressCable/ —
Hamilton Keats, a financial expert, and entrepreneur has released a video chronicling the story of the meteoric rise in GameStop stock due to what is known on Wall Street as a short squeeze. The video outlines that Gamestop was undervalued and hedge funds over shorted the stock.
For further details, see https://www.youtube.com/watch?v=BGCZ-FaYsVM&t=103s&ab_channel=Azoras
Gamestop, listed as GME on the New York Stock Exchange, recently made headlines when its stock price went up during a short squeeze. Hamilton’s video release relates to those events although the narrative claims that the rise was due to the activities of Reddit group Wall Street Bets. Hamilton reveals the actions happening behind the scenes.
A short squeeze can occur when a stock price goes much higher than anticipated. As those with short positions are forced to buy to cover losses, it adds to the upward pressure on the stock’s price. The speed with which GME’s share price rose forced shorts to capitulate rapidly and accelerated the move upwards, exacerbating the issue as even the biggest players were forced to cover.
GameStop Corp. is a Texas-based consumer electronics, gaming merchandise, and video game corporation. In 2021, the company’s stock price skyrocketed due to a short squeeze.
This professionally produced video mentions that on January 21, 2021, Citroen research put out a video on the five reasons to be short on GME. They mentioned the end of game disk sales, the decline of brick and mortar retail and compared the company to Radio Shack and Blockbuster.
The video mentions Michael Burry, Ryan Cohen, and Brian McGough as influencers who set the stage for Wall Street Bets’ readers to begin buying stock.
The release of this informative video gives viewers a more accurate description of the entire story of Gamestop and the short squeeze its stock experienced.
For further information, see https://www.youtube.com/watch?v=BGCZ-FaYsVM&t=103s&ab_channel=Azoras
Contact Info:
Name: Hamilton Keats
Email: Send Email
Organization: Azoras
Address: 7A Alkmaar Way , Norwich, England NR6 6BF, United Kingdom
Website: https://www.azoras.co.uk/
Source: PressCable
Release ID: 88999910
