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No it’s not. WSB is orchestrating a short squeeze. The aim is to make a transfer of wealth from shorts like Melvin Capital to WSB. This whole charade is due to
by FishbowlPrime 6y ago
No it’s not. WSB is orchestrating a short squeeze. The aim is to make a transfer of wealth from shorts like Melvin Capital to WSB. This whole charade is due to the stupidity of short sellers who shorted more Gamestop shares than there are publicly traded. Check out the Overstock story from last year or VW from 2008. This will be exactly like that.
- vga805 6y agoWill it? Wouldn't all the WSB holders need to continue to hold? I imagine they'd end up selling with a bit of a peak, I can't imagine everyone holding and really pulling off a full squeeze. Then again, this community is new to me.