LogFAQs > #949932037

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Topic	Dude on WSB paid off his entire student loan balance off with Gamestop stock
JE19426 01/26/21 6:34:35 AM #37:	The_Creep_2020 posted... Wait, why is GameStop doing so well? GameStop stock is doing so well because the Subreddit /r/wallstreetbets/ decided to buy a whole load of stock in order to raise the price of the stock. They did this mostly because Citron Research, a stock trading company, was short selling the stock. Short selling stock is when you sell the stock in such a way that you make money by the stock value going down, if GameStops value goes up, Ctiron Research loses money. <cite>JE19426 posted [p:949932037] in Dude on WS... [t:79259879]...</cite> <quote>The_Creep_2020 posted... </cite> <quote>Wait, why is GameStop doing so well?</quote> GameStop stock is doing so well because the Subreddit /r/wallstreetbets/ decided to buy a whole load of stock in order to raise the price of the stock. They did this mostly because Citron Research, a stock trading company, was short selling the stock. Short selling stock is when you sell the stock in such a way that you make money by the stock value going down, if GameStops value goes up, Ctiron Research loses money. </quote> ... Copied to Clipboard!
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