![]() ![]() Called a short squeeze, the idea is to put pressure on the short sellers, who had sold borrowed shares with the intention of repurchasing them at a lower price. Acting en masse, they have bid up shares that other investors - in this case some hedge funds, including Melvin Capital - had bet against. The online frenzy that has engulfed GameStop is, at its heart, a classic stock-market strategy of big Wall Street investors that has been embraced by retail investors. “That is when you get to make it all work.” Cuban wrote, using shorthand for the forum’s name. Once those restrictions are lifted, “then we will see what WSB is really made of,” Mr. Popular online brokers like Robinhood have restricted trading in GameStop and other highly volatile stocks, he noted, putting artificial limits on demand. And on Tuesday, the billionaire Mark Cuban logged into the forum and encouraged users to keep holding the stock “if you can afford to.” ![]()
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