Skip to main content

Posts

Showing posts from November, 2024

There is no GameStop MOASS coming

  Sorry.  There is none.  There is a cult on Reddit that consists of folks who tell either other that they're all about to get rich with their collection of modestly priced GameStop stock, or options.  The coming apocalyptic event that will lift the true believers into the heaven of obscene wealth is known as: the GameStop MOASS. MOASS stands in turn for "mother of all short squeezes." For those who aren't familiar with matters financial and don't know what a "short squeeze" is ... let me just say that it is the mirror image of a traditional stack market panic.  An old-school panic is a situation in which the price drop of a stock sets off a sudden belief that the stock will go further down, and a rush to sell it in time to get SOME value out of the sale.  That rush to sell is a self-fulfilling prophecy: it does drive the stock price down. A short squeeze is the opposite.  It is where people (generally those who have bet that a stock will fall in value -