In a new forum on Reddit called BursaBets, created on Thursday, Malaysian retail investors discussed buying up stocks of glove makers, and complained about share prices having dropped in recent months even as the firms' profits grew.
KUALA LUMPUR: Malaysian retail investors are looking to buy stocks of medical glove makers to drive up their share prices and squeeze out short sellers, drawing inspiration from the recent rally at U.S. firm GameStop Corp.
Shares of GameStop have surged 1,700% in just two weeks as amateur U.S. investors piled in and forced hedge funds to lose billions on their short positions.
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