Keep an eye on “Mao VS Hedge Fund” battle while holding back GameStop

GameStop’s share price rebounded today. After retail investors in the stock market, Wall Street continued to insist on fighting hedge funds. Although the share price has dropped dramatically yesterday This is despite previous attempts to push the stock price higher to keep hedge funds from losing out.

GameStop shares jumped 14 percent in trading just before Wall Street opened today. While retail investors in the room WallStreetBets With more than 7.6 million members on the Reddit forum, each member is calling on each member to remain a holding. Don’t sell out just yet

“This work can be accomplished only when we shake hands. Let us buy when the stock price falls and hold it. Now our movement is not over, ”one member posted on a Reddit forum.

“We are not separate,” another member posted.

The share price of GameStop, the iconic US video game store, plunged 60 percent to $ 90 at the close of yesterday’s market. After a 30% drop on Monday. As a result, GameStop’s share price has plunged more than 70 percent since last Friday.

GameStop’s share price jumped 400 percent last week. It hit $ 470 on Thursday and soared 1,625% in January due to small investors in the room. WallStreetBets The goal is to push GameStop’s share price higher in order to pressure the hedge fund to re-buy it to cut losses. After it had been selling short before, it was speculated that GameStop would soon shut down.

GameStop’s share price spike resulted in heavy hedge funds. It is expected to be as high as 19,000 million dollars or about 570,000 million baht.

However, a plunge in GameStop’s share price has made it difficult for retail investors to withdraw in time. Suffer losses as well

These retail investors also failed to manipulate silver after the Chicago Mercantile Exchange (CME), the world’s largest commodity and futures exchange. Announced the increase of maintenance margin to stop the price manipulation of the group of investors.

Silver metal contract prices jumped more than 11 percent, soaring above $ 30 to an eight-year high on Monday. After a group of retail investors on Wall Street turned to silver prices to pressure hedge funds to buy back contracts to cut losses. After selling short before With speculation that silver prices will likely continue in a downtrend

However, after CME announced a 17.9% increase in maintenance margin for the Comex 5000 Silver Futures contract, the silver contract plunged 10.25% to $ 26.402 / oz yesterday.

Analysts state that As the silver market is so large it is difficult for investors to push the market price. When compared to the price of a single stock in the market

Additionally, GameStop’s share price slump indicates that the hedge fund has closed short positions on the stock.

Markets.com analyst Neil Wilson said, “GameStop’s share price will drop to $ 10 sooner or later once the madness is over.”

GameStop’s share price traded at just $ 3.25 per share last year.

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