GameStop spikes 78% as retail-investor rebellion against short-sellers prompts trading halt

Short-seller Andrew Left posted a video on Thursday about why GME shares will crash, but his argument seemingly emboldened casual traders to double down.

If you follow Wall Street bets GME is one of their favorite stocks. They have caused one of the most interesting situations I’ve seen in a while. The infinite gamma squeeze. All of GME’s call options closed in the money on Friday. There were no higher strikes that could be bought. It looks like this weekend they added up to the $115 for 1/29 so can the short squeeze continue?

I think yes, but at some point institutions will find a way to screw over these investors and someone will be left holding the bag. I’ll be waiting to see what happens Monday maybe I’ll throw $100 at the $115 calls hoping for a windfall.

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