'Meme Stock'-Mania Accelerates Pre-Market
- Written by Zero Hedge
- Published in Economics
'Meme Stock'-Mania Accelerates Pre-Market
Several heavily-watched so-called 'meme stocks' are higher in the pre-market after yesterday's late-day gamma squeeze in GME (and AMC among others).
The resurgence in bullish sentiment towards several of the WSB-Short-Squeeze favorites is extreme...
GME is up over 70% in the pre-market
AMC is up 15-20% in the pre-market...
Pot stocks (also notably discussed on Reddit) are also bid with Sundial Growers up over 10%...
Given the surge in implied vols and the chaos into the close last night, we wonder how much knock-on effect this latest short-squeeze will have on hedge funds(and if there will be a need to delever once again)?...
Tyler Durden Thu, 02/25/2021 - 09:07
