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On Tuesday, we highlighted the performance of stocks favored by retail traders over the last year. These returns suggest the current rally from the March 2020 lows has been a golden age of retail traders sticking it to hedge funds. A popular subplot of the recent fervor around GameStop (GME) and other heavily-shorted stocks is that these trades are a way for David to take on Goliath.
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Believes that GameStop will go up to $1000 or at least to $700. According to Roncancion the GameStop drama is quite similar to last year's Tesla short squeeze.
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Eric Diaz, an operations manager in Tampa, Florida, remains committed to his GameStop shares even after their steep retreat from highs they hit last week. "It got personal," he said.
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