Don’t Underestimate the Power of a Short Squeeze

Took this screenshot at 5:58 AM CST, pre-market trading. GameStop ($GME) literally hit a peak of $136 earlier in pre-market before settling down.

I’m laughing out loud since I thought that $GME simply couldn’t go much higher.

Bed Bath and Beyond ($BBBY), AMC ($AMC) and Blackberry ($BB) also up a ton.

AMC was able to stave off bankruptcy apparently so that’s probably going to really help fuel the stock. Pre-market is generally pretty illiquid, so curious to see if these prices stick during normal trading hours. I wonder if GameStop insiders are planning on selling or at least raise some capital?

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