Hm let’s see what’s happening:
- As requested by the general public and it is a good idea, EB Games gets rebranded as GameStop (in Canada)
- $GME gets included in S&P 400 index, and
- GameStop participates in a Twitter pilot to incorporate eCommerce on the platform (on Twitter, shop directly from your profile, like you can on Insta already).
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But who would expect positive price action on positive news, right? $GME down more than 5%.
Now watch being included in S&P 400 provide a downward pressure, because being included in another ETF means exposing one more vector of attack, allowing one more short instrument.