WallStreetBets inspired other retail investors half way around the world.
In the Reddit form BursaBets, Malaysian investors discuss buying and holding medical glove stocks, driving up Top Glove shares today.
(Note: not a short squeeze situation)
https://www.malaymail.com/news/malaysia/2021/01/29/inspired-by-gamestops-wall-street-rally-bursabets-investors-drive-up-top-gl/1945149
In the Reddit form BursaBets, Malaysian investors discuss buying and holding medical glove stocks, driving up Top Glove shares today.
(Note: not a short squeeze situation)
https://www.malaymail.com/news/malaysia/2021/01/29/inspired-by-gamestops-wall-street-rally-bursabets-investors-drive-up-top-gl/1945149
“Whoever is still holding gloves (has) already been through hell, join me by saying ‘eff you’ to investment banks, fund managers, market manipulators, and everyone else,” said a user called ‘_Revenant_’ who started the BursaBets forum.
Malaysia's stock exchange is called Bursa.
Malaysia's stock exchange is called Bursa.
Bursabets said it would target JP Morgan for now after the US-based investment bank predicted the selling price of rubber gloves to drop on the back of expectation that the Covid-19 pandemic will die out soon, as most governments begin to vaccinate their population.