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More GameStops possible as small investors flex muscles

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LOS ANGELES – GameStop and a handful of other stocks whose meteoric rise last month shocked Wall Street began falling back to Earth this week.

But the campaign that briefly pushed GameStop up by 1,600% at the expense of hedge funds that were betting it would lose value, known as “shorting,” could be a blueprint for similar efforts with other companies' shares, some analysts say. “The cat’s out of the bag on the populism message-board trader,” said Ross Mayfield, investment strategist at Baird. “I think it will pop up again, where and when and in what (stock) I’m not sure.

I do think the larger movement is here to stay.” Some other deeply shorted stocks include Ligand Pharmaceuticals, Bed Bath & Beyond and Macerich Co.

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