Exhibit 27 (Dkt. 566-27, S.D. Fla.)
Summary
Exhibit 27 (Document 566-27) in Case 1:21-md-02989-CMA, entered on the FLSD docket June 7, 2023, is a five-page printout of an Investing.com article by Liz Moyer, These Five Most Popular Stocks Have Something in Common: GameStop Mania. The article reports that GameStop, AMC, BlackBerry, Express and Koss, the five most popular searches on the site, are up double or even triple digits as retail traders battle professional short sellers on the Reddit forum WallStreetBets, which had 2.9 million participants who call themselves degenerates. It adds that funds like Citron and Melvin had to exit their short positions in GameStop after heavy losses.
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- Date
- 2023-06-07
Cite this document
“Exhibit 27 (Dkt. 566-27).”
Original at archive.org, dated 2023-06-07. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2023-06-07-covid-era-misc-c7e6ff38-1/
, SHA-256 c7e6ff38eb53f7023f19efeeb8a83c2889afde7bf7d5cedf4a8f31776ee9e70d.Full text
Case 1:21-md-02989-CMA Document 566-27 Entered on FLSD Docket 06/07/2023 Page 1 of 5
Exhibit 27
Case
6/7/23, 1:21-md-02989-CMA
7:21 PM Document
These Five 566-27
Most Popular Entered
Stocks Have on
Something in FLSD
Common: Docket 06/07/2023
GameStop Mania By Page 2 of 5
Investing.com
These Five Most Popular Stocks Have Something in
Common: GameStop Mania
© Reuters
BB GME AMTD KOSS EXPR XRT
-2.26% +5.75% 0.00% +3.14% +5.07% +2.02%
By Liz Moyer
Investing.com -- The five most popular searches on Investing.com right now have one thing in common: the short squeeze people can't
stop talking about.
GameStop Corp (NYSE: GME ), AMC Entertainment Holdings Inc (NYSE: AMC ), BlackBerry Ltd (NYSE: BB ), Express Inc (NYSE: EXPR ),
ad Koss Corporation (NASDAQ: KOSS ) are up double, or even triple, digits this year, skyrocketing higher in the last couple of days as retail
traders battle professional short sellers in a drama that is the talk of Wall Street.
It's all happening on a Reddit online forum called "WallStreetBets," where investors chat about investing ideas in casual, often rowdy way.
As of this week, it had 2.9 million participants, who call themselves "degenerates." On the other side are funds like Citron and Melvin, which
had to exit their short positions in GameStop after heavy losses. Covering the short positions by selling other long positions could have
contributed to Wednesday's drop in the broad market.
In a statement late Wednesday, the Securities and Exchange Commission said it was "aware of and actively monitoring" ongoing market
volatility in options and equities markets.
The five shares soared again on Wednesday, pushing the SPDR® S&P Retail (NYSE: XRT ) up 11% to a 52-week high.
GameStop surged 126%, AMC rose 293%, BlackBerry rose 34%, Express rose 200% and Koss jumped 560%.
https://www.investing.com/news/stock-market-news/these-five-most-popular-stocks-have-something-in-common-gamestop-mania-2400891 1/4
Case
6/7/23, 1:21-md-02989-CMA
7:21 PM Document
These Five 566-27
Most Popular Entered
Stocks Have on
Something in FLSD
Common: Docket 06/07/2023
GameStop Mania By Page 3 of 5
Investing.com
Massive trading volume in these stocks caused disruptions on online platforms such as TD Ameritrade (NASDAQ: AMTD ) and Schwab.
Some brokers have put trading restrictions on the shares, and the exchanges have halted some of them for trading multiple times because
of volatility.
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Comments (21)
Hello World
Jan 28, 2021 8:37AM ET
Short selling turns markets into gambling casinos. Let the short seller beware. It's good to see funds which have artificially drive
markets down by selling short, and then release their often erroneous negative 'thoughts' about those companies with the in... Show
more
Reply 3 0 Report
Art Fire
Jan 28, 2021 3:33AM ET
Wallstreets argument literally: buying stock is bad, for you lol. How about you be smarter than to overshort and get played?
Reply 2 0 Report
Thomas Meyer
Jan 27, 2021 9:28PM ET
Amc nok to occupy mar with elon!
Reply 3 0 Report
Thomas Meyer
Jan 27, 2021 9:28PM ET
Mars*
Reply 1 0 Report
YesomiteSam
Jan 27, 2021 8:14PM ET
No one knows where these stocks would land when dust settles but for me it is so immensely satisfying to see those professional
shorts get crushed. They have caused nothing but pain to so many retail investors. Thank you fellow Redditors. Great job.
Reply 35 1 Report
Luis Angulo
Jan 27, 2021 8:14PM ET
Agree
Reply 1 0 Report
dd dog
Jan 27, 2021 7:04PM ET
https://www.investing.com/news/stock-market-news/these-five-most-popular-stocks-have-something-in-common-gamestop-mania-2400891 2/4
Case
6/7/23, 1:21-md-02989-CMA
7:21 PM Document
These Five 566-27
Most Popular Entered
Stocks Have on
Something in FLSD
Common: Docket 06/07/2023
GameStop Mania By Page 4 of 5
Investing.com
my bbby calls are up 400%
Reply 8 0 Report
Daniel Morel
Jan 27, 2021 6:34PM ET
Here’s a short investing lesson for people who have been in the market for the last 10 minutes : bulls make money bears Make
money and pigs well the poor little piggies they get slaughter - sad story - the end !
Reply 0 1 Report
Daniel Morel
Jan 27, 2021 6:31PM ET
Here is a short lesson for the people who have been in the market for a week or so( I’ve been in the market for 35 years) and I
learned that bulls make money bears make money and the pigs the retail pigs they get slaughter isn’t that a sad story.
Reply 0 1 Report
Jan 27, 2021 5:55PM ET
the constant halting should be criminal. F<kk those short sellers
Reply 32 1 Report
Francesco Lucchesi
Jan 27, 2021 5:46PM ET
those who bought will all lose. most of them
Reply 9 16 Report
Jacob Steinschlag
Jan 27, 2021 5:46PM ET
not this time. its fundamentally different from a normal pump and dump. the people keeping their shorts open or opening them are
going to be bankrupt soon. still 10B+ shorts in usd in GME
Reply 15 0 Report
Joseph Sherwood
Jan 27, 2021 5:27PM ET
All dumpster companies slowly lagging toward bankruptcy. Irrational exhuberance on display as the worst of the worst surge.
Reply 5 9 Report
falec
Jan 27, 2021 5:27PM ET
No worries Joseph, your money (cash) is being used to bailout all these companies. But, no worries, it's still the same amount in
the bank.
Reply 4 0 Report
Stacy Starner
Jan 27, 2021 5:27PM ET
https://www.investing.com/news/stock-market-news/these-five-most-popular-stocks-have-something-in-common-gamestop-mania-2400891 3/4
Case
6/7/23, 1:21-md-02989-CMA
7:21 PM Document
These Five 566-27
Most Popular Entered
Stocks Have on
Something in FLSD
Common: Docket 06/07/2023
GameStop Mania By Page 5 of 5
Investing.com
Fabio falec that was great
Reply 1 0 Report
https://www.investing.com/news/stock-market-news/these-five-most-popular-stocks-have-something-in-common-gamestop-mania-2400891 4/4
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