"Citadel Capital Management Is Their Customer": Chasing the WallStreetBets Drama Is a Dangerous Game
The investment world is abuzz with talk about the ongoing saga involving GameStop (NYSE: GME), Robinhood, and the popular Reddit discussion group WallStreetBets. Shares of GameStop rocketed 400% higher this week as investors triggered a short squeeze in its shares and shares of other formerly out-of-favor stocks.
The drama hardly stopped there, as Robinhood and other brokerages that the retail investors were using to bid the shares higher placed restrictions on trading as the momentum continued.
On the Jan. 28 edition of the Motley Fool Live "Morning Show," Motley Fool's director of small-cap research, Bill Mann, and analysts John Rotonti and analyst Nick Sciple discussed the wild week of trading and provided some valuable advice for investors thinking of jumping into the fray. The brokerage business has changed a lot in recent years, and the GameStop experience provides valuable lessons investors should heed whether or not they own shares of the companies involved.
Source Fool.com
