ARTICLE | Finance
GameStop survivors target biotech shares, but ‘BioWar’ unlikely despite bolus of short-friendly stocks
Will biotech shorts ‘get burned’?
February 5, 2021 2:32 AM UTC
Day traders have long used Reddit forums, chat rooms and Twitter to talk up biotech stocks, but it’s unlikely they could organize in sufficient numbers to move a stock on the scale of GameStop.
As shares in GameStop Corp. (NYSE:GME) have fallen back to earth this week after a roller-coaster ride that began in mid-January with day traders challenging Wall Street short sellers, market watchers are now saying that Redditors are diving into biotech bets. ...