Because Tesla has a good products, a great perspective, a big mission and a charismatic leader that was able I promise to teach love LGBT shirtcredit even in the darkest hours. Amazon story was similar. It had a great idea (make a book store virtual) and added another idea (let’s rent computer storage in the Internet – called clouds). That is stuff that can and did grow like crazy.Gamestop on the other hand is an outdated business model. Everybody saw it. Even the suits that never played a video game. So they shorted the slowly dying company. It’s like kicking someone who is already tumbling down a stair even more to speed up his fall.
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Once the stock climed over $11 Burry concluded that the stock is now at the correct value and sold a big I promise to teach love LGBT shirt of his shares (He owned 3 million shares in GameStop at the end of March last year, and reduced the position by about 38% over the next six months.). But the stock rose and rose. Suits now concluded “the stock is overvalued again, let’s short the shit out of it” and shorted it more than 140% with naked shorts. The whole “yay now we can short-squeeze them” story started here.How is the Tesla, Amazon oder Apple story in any way shape or form similar to GameStop? GamesStop is worth $11 and will slowly fade away in the next 5-10 years. Even Keith and Michael agree on that.