The Gamestop short squeeze events of last week are largely characterized as “David vs. Goliath” — a take down of Wall Street power brokers by amateur traders. This article by Pam Martens and Russ Martens indicates that the leader of the “amateur trader” group, Keith Gill was a highly trained and licensed financial professional. So who is behind the Gamestop short squeeze? It is also interesting to note that JPMorgan held a long position in Gamestop and appears to have done quite well this past week.
GameStop Promoter Keith Gill Was No “Amateur” Trader; He Held Sophisticated Trading Licenses and Worked in the Finance Industry