Is GameStop (NYSE: GME) making believers out of short-sellers? Hardly. But Citron Research founder Andrew Left says that after losing 100% of his short position in the video game retailer, he's giving up telling investors what stocks to bet against. From now on, his Citron Research site will only tell investors what stocks to buy.
Left still doesn't like GameStop's stock, but the reformed short-seller says in today's market short-selling just isn't worth it.
"Young people want to buy stocks. That's the zeitgeist. They don't want to short stocks, so I'm going to help them buy stocks," he told The Wall Street Journal .
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After GameStop Debacle, Citron Research Gives Up on Short-Selling