michael hewson chief market analyst at c.m.c. markets joins us now welcome michael is this not the case of wall streeters getting beaten at their own game on their own certainly so i mean i think when you look at . getting. short selling short selling squeeze and sort of poetic justice but i think what it also highlights the risks. the roys from shops selling and also mentally you know this is not a new phenomenon you know short selling is a very uncommon instance and is a fairly decent way of holding directors and management companies to account particularly if they're badly run i think the difference here is that this is a company that's not really making any money unfortunately those far too much of a $1.00 way bet on it the shares 100 percent of the share float was built was basically out on offer and what you saw here was some really smart return trying to sort of opportunity and took full advantage so this is a story about stock that has little to do with the company but what do you say this is a transfer of wealth from a fe

the result michael hewson chief market analyst at c.m.c. markets joins us now welcome michael is this still the case of wall streeters getting beaten at their own game. i would certainly say they are mean i think when you look at hedge funds. getting getting kotel a short selling short selling squeeze in sort of poetic justice but i think what it also tells is the highlights the risks the roys from short selling and also mentally you know this is not a new phenomenon you know short selling is a great common instance and is a fairly decent way of holding directors and management companies to account particularly if they're badly run i think the difference here is that this is a company that's not really making any money unfortunately those far too much of a $1.00 way bets on it in the shares 100 percent of the share float was put was basically out on offer and what you saw here was some very smart return trying to sort of opportunity and took full advantage so this is a story about stock that has little to do with the company but what do you

but we still michael hewson chief market analyst at c.m.c. markets joins us now welcome michael is this still the case of wall streeters getting beaten at their own game. i would certainly say that i mean i think when you look at hedge funds. getting getting kotel a short selling short selling squeeze in sort of poetic justice but i think what it also tells is the highlights the risks the roys from show selling in and also mentally you know this is not a new phenomenon you know short selling is a great common instance and it is a fairly decent way of holding directors and management companies to account particularly if they're badly run i think the difference here is that this is a company that's not really making any money unfortunately those far too much of a $1.00 way bets on it the shares 100 percent of the share float was put was basically out on offer and what you saw here was some really smart return trying to sort of opportunity and took full advantage so this is a story about stock that has little to do with the company but what do yo