Meanwhile, Reddit day-traders or retail investors were encouraged by the addition of Cohen to GameStop’s Board. They acquired more GME shares, driving its stock price even higher.
It is also noteworthy that GameStop’s parabolic rise triggered a battle between the bulls and short-sellers who are looking to make a quick profit from their bets.
In particular, vocal Reddit day-traders attacked Citron Research Managing Partner Andrew Left for predicting that GameStop’s share could crash to $20 per share.
Tomorrow am at 11:30 EST Citron will livestream the 5 reasons GameStop $GME buyers at these levels are the suckers at this poker game. Stock back to $20 fast. We understand short interest better than you and will explain. Thank you to viewers for pos feedback on last live tweet
— Citron Research (@CitronResearch) January 19, 2021
Mr. Left was supposed to explain his reasons for shorting the company’s stock via live-stream but decided to just record a video because his Twitter account was restricted due to hacking attempts and reports from angry GameStop traders.
Too many people hacking Citron twitter, will record and post later today. $GME going to $20 buy at your own risk
— Citron Research (@CitronResearch) January 21, 2021
