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Political Discussion
Reply to "Robin Hood just ended trading on GameStop and AMC"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The need to cover is still very much there. It is impossible that all the shorts got out.[/quote] This is the question. What is the true answer?[/quote] The original shorts mostly got out this week at huge losses. A new group of shorts bought in at these high prices betting on the collapse. The reddittors are saying that if nobody sells, the current shorts will still lose their shirts when they are forced to cover. I'm not sure if they are aware that the current shorts shorted at $300 a share, not $4.[/quote] In a game of chicken between a handful of HFs and redditors+the whole world (retail investors worldwide are getting in on this), with interest rates at zero, with lots of money and lots of time/boredom, do you really think the short sellers are going to win this?[/quote]
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