Below is the video posted by Mr. Left explaining why he believes GameStop’s stock price will plunge back to $20 a share. He said the decline will happen “fast.”
— Citron Research (@CitronResearch) January 21, 2021
In the video, the short-seller also stated that he’d “never seen such an exchange of ideas of people so angry about someone joining the other side of a trade.” He was referring to some of the Reddit day-traders who have been very outspoken in promoting their bullish opinion on GME shares.
On Friday, the short-seller said he will no longer comment on GameStop following the reactions of “an angry mob” who are bullish on the stock.
“We are investors who put safety and family first and when we believe this has been compromised, it is our duty to walk away from a stock,” wrote Mr. Left in a letter.
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