Shorters beware, could happen here29 Jan 2021 15:06
Tiny Oil Company Gets 1000% Wall Street Bets Bump
By Irina Slav - Jan 29, 2021, 9:00 AM CST
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An oil company producing the equivalent of 70 barrels of oil daily surged in value almost 1,000 percent to $128 million thanks to a surge in trading activity coming from retail traders.
The traders, organized in the WallStreetBets forum on Reddit, took on hedge funds earlier this month and won by, as some of the group say, beating them at their own game of shorting.