Short-seller Citron said its scheduled livestream on why GameStop buyers are ‘suckers at this poker game’ was halted by attempted Twitter hacks




Short-seller Citron Research suspended a livestream event meant to explain its position on GameStop on Thursday, saying there were many attempts made to hack its Twitter account.

“Too many people hacking Citron twitter, will record and post later today,” the account tweeted on Thursday. “$GME going to $20 buy at your own risk.”

Andrew Left, Citron’s managing partner, told Bloomberg in an interview that Twitter alerted him of someone trying to change his password. Twitter locked Citron’s account as a safeguard and coordinated with the owner to restore it.

The renowned short-seller was scheduled to highlight reasons to sell the gaming retailer’s stock in a livestream event on the same day. “Citron will livestream the 5 reasons GameStop buyers at these levels are the suckers at this poker game,” the account tweeted earlier. “Stock back to $20 fast. We understand short interest better than you and will explain.”

Read More: GOLDMAN SACHS: These 22 stocks still haven’t recovered to pre-pandemic levels – and are set to explode amid higher earnings in 2021 as the economy recovers

Shares in GameStop rose as much as 9% in mid-day trading as the planned livestream was cancelled. 

Citron later posted a YouTube video, highlighting the downside potential for GameStop. “I’ve never seen such an exchange of ideas of people so angry about someone joining the other side of a trade,” Left said in the video. He went on to state that the retailer’s sales numbers don’t lie, indicating that its valuation is too high. 

The trader expects GameStop to go back to $20 after consecutive gains following an update to its board of directors sent its shares 93% higher. 

GameStop closed at $43.03 on Thursday, up roughly 140% year-to-date.

Read More: The chief investment strategist at a $9.6 billion volatility-focused money manager breaks down why the stock market is poised to get more chaotic in 2021 – and shares how investors can take advantage of it





Source link

Contact US

For Business Related Queries:

[email protected]
[email protected]

For Customer Support:

[email protected]

Sign Up to receive latest poker /casino news, coupons!
Find your favourite online casino and online poker coupons and deals!
Loading
GuciPoker
Copyright © 2021 GuciPoker | All rights reserved | All logos and trademarks belong to their respective companies