Wednesday, January 27, 2021

Checking In For A Few Minutes -- January 27, 2021

I'm heading back to bed. Will blog later. I got up to check the Weather Channel -- huge storms across the US. Watched the Weather Channel for a couple of minutes, then quit. Way too many ads. 

Checked GME. Fascinating story. 70 million shares outstanding. 68 million shares borrowed (or short). Up another 40% in pre-market trading. One major hedge fund finally caved: bought the shares it needed to close out their position. There's a reason -- and a legitimate reason - why Elon Musk waded in, adding fuel to the fire. Love it. I'm on Elon Musk's side on this one. If a second major fund caves today, this thing will collapse like a house of cards. Before then, it could move to "thousands of dollars/share" and become the most valuable company in the world. See this link.

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

No comments:

Post a Comment