POLAND – 2021/01/05: In this photo illustration, a Reddit logo seen displayed on a smartphone with stock market prices in the background. “Retail investors with the help of technology acting as a union in attacking is a new phenomenon,” said Jim Paulsen, chief investment strategist at the Leuthold Group. GameStop continued to rocket higher as retail traders showed no signs of letting up. GameStop was the single most traded name in the U.S. stock market on Tuesday, topping even mega-cap companies like Tesla and Apple, according to Deutsche Bank. As the stock rises towards those strikes, the market makers need to buy increasingly more stock to hedge their short calls.

Source: The North Africa Journal January 28, 2021 18:33 UTC