Well, let’s look at – what else? – GameStop – which got to over $500 in overnight trading (having risen from $2.90 ten months ago):
Here is the 4-hour chart, which offers a bit of perspective at how this small retailer is indirectly blowing up multi-billion dollar hedge funds.
As for our “great moments in insider trading” this morning, here is one of GME’s directors, having dumped most of his holdings last year at around five bucks.
UPDATE – shortly after putting this post up, GME went into a free-fall. Absolute insanity.
