How $GME Short Squeeze Affects Other Stocks | PreMarket Prep

Dennis Dick offers his professional opinion on the effect short squeezes have on the markets on today's show. This relationship may cause hedge funds to sell out of positions like $PYPL (PayPal) & $SQ (Square) to meet margin calls and make up for the loss in capital due to their short positions in stocks like $GME (GameStop). -Subscribe for daily trade ideas https://www.youtube.com/c/Benzinga PreMarket Prep 8am / SPACs Attack 11am / Power Hour 12pm //////MORE STUFF TO CHECK OUT////// Benzinga's Market in 5 Minutes newsletter ➡️https://share.hsforms.com/1SoPsxeyZRG... Free stock market news ➡️ https://www.benzinga.com/ Benzinga merch ➡️ https://rb.gy/3pyb0x Join Benzinga's Free Chat ➡️ https://discord.gg/SSAWFYy Get EXCLUSIVE ACCESS to Benzinga's Premium Products https://www.benzinga.com/premium-prod... Meet the Hosts: Dennis Dick Twitter: twitter.com/TripleDTrader Joel Elconin Twitter: twitter.com/Spus Spencer Israel Twitter: twitter.com/sjisrael Tune into the show LIVE or via podcast! iTunes: itunes.apple.com/us/podcast/benzinga-tv Spotify: https://open.spotify.com/show/7dA6TuZ... Soundcloud: soundcloud.com/bztv Stitcher: www.stitcher.com/podcast/benzinga-morning-show TuneIn: tunein.com/podcasts/Business--…nzinga-TV-p1006070/ Google Play: play.google.com/music/listen?u=0#…gd4pry47sjss2n2my Like the show? Keep up with all Benzinga news! Visit www.benzinga.com/ to subscribe to our newsletter Visit twitter.com/Benzinga to follow us on Twitter Visit www.facebook.com/Benzinga/ to like us on Facebook PreMarket Prep is a live stock trading talk show that airs weekdays from 8-9 am ET on YouTube as well as premarket.benzinga.com/pre-market-show/ Check out our chat rooms to get your questions answered on the show! Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions. #PreMarketPrep #Trading #Topstocks #success #investing #stocktrading #stockmarketnews #news #business #GME #ShortSqueeze