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Originally Posted by NorCalAthlete
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Interesting read. I don't agree with all of it but I do agree that the free market sets the price of a stock much more than just the fundamentals/quantitatives, Tesla and Amazon are prime examples of this outside of gamestop - and none of the cnbc talking heads will admit this. Because it serves their agenda and their network.
Back to the article though, I take issue with this statement: GameStop is the first prominent example of this [gamma squeeze via call options] novel tactic.
- false, it has been done many times on small and large scale in the past. Gamestop is the most famous (or infamous depending on your perspective), maybe the one of the greatest scale as well, but I am not a financial historian.