GameStop announced that it could sell an additional 5 million shares. While this is positive for the company and doesn’t create much dilution, it lost investors almost $6 billion in one day.
Gamestop Corporation (NYSE:GME), (AMC) - GameStop Squeeze: The Mother Of All Short Squeezes And Her Many Potential Offspring benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Thomas Aquinas Reynolds Professor of Law at Georgetown University Law Center
We are much too early to be able to provide answers. Nothing is inevitable, but if the past is any indication, the relevant stock prices will revert to mean. What fuels a bubble like this (assuming it is a bubble) is investor overconfidence that past indications that they can move markets indefinitely, which can persist for some time (self-fulfilling prophecy) but does have a natural end point. Obviously, those who got in and out at the right point will celebrate their brilliance, but unless they’re disciplined enough to stop before the reckoning, there will be losses.
This will be the “New Normal.”
[The best case scenario is for the virus to mutate ‘down’ in malignance. Essentially become a new “super flu.”]
Phenix
Meanwhile front line workers like me have had this and are exposed routinely. I would like to see an antibody study done on essential workers.
I will not get a vaccine. We should have our antibody levels/titers checked before we a vaccine is given.
Arizona Slim
One of my neighbors is in your boat. She manages the liquor department in a grocery store here in Tucson.
A year ago February, she and several coworkers came down with a nasty illness that was unlike anything they had ever had before. My neighbor even lost her sense of taste and, ISTR, smell.