Jim Cramer: The Pushers of Meme Stocks Are Actually Sticking It to Themselves [Yahoo! Finance News]
GameStop Corporation (GME)
Last gamestop corporation earnings: 3/26 04:06 pm
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Source: Yahoo! Finance News
Do the people who create and push meme stocks know that they think they may be sticking it to the man but they are actually sticking it to themselves?This morning I saw a post on WallStreetBets babbling aboutCorsair GamingCRSRWho can blame the shorts? As much as I like Corsair, as much as I have championed it, with the exception of GameStop (GMEAMCNow I could hear someone say, "Cramer you love Logitech (LOGIATVITTWOThat means the staying power of Corsair, up 22% on the post on phenomenal 36 million shares traded, out of a float of 31 million, implying endless in and out trading, has to be called into question even if you are, like me a big believer in Corsair.In fact Corsair might be very similar to Wendy's (WENOf course that stock then plummeted to $24, crushing anyone who bought it around $30 and making the hated hedge funds fortunes.Do I know that it is hedge funds that are doing it? Do I talk to them because I am a Baby Boomer who wears a suit? Dream on. I am sure the sycophants w
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GME
Earnings
- 3/26/24 - Miss
GME
Sec Filings
- 5/6/24 - Form 144
- 4/30/24 - Form ARS
- 4/30/24 - Form DEFA14A
- GME's page on the SEC website