The Simple Reason You Should Ignore the GameStop Mania
If you're thinking about buying GameStop (NYSE: GME) stock, you're not alone.
Google searches for "should I buy GameStop stock" have skyrocketed this week, and the stock name has trended multiple times on Twitter. A combination of a massive short squeeze and gamma squeeze has pushed shares of video game retailer up more than 2,000% at times this year, and plenty of other heavily shorted consumer stocks have surged along with it, like AMC Entertainment, BlackBerry, and Express.
In one version of this story, a group of retail traders who converse on social media site Reddit took on Wall Street hedge funds and won. But for other retail investors in other versions, this story is not going to have a happy ending.
Source Fool.com
