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Collectively I doubt WSB posters alone moved GME to any large degree, but the media attention, feuds, and popular memes allowed them to punch well above their w
by dahdum 6y ago
Collectively I doubt WSB posters alone moved GME to any large degree, but the media attention, feuds, and popular memes allowed them to punch well above their weight.
Attracting attention about GME, a stock with more shares sold short than exist, gave a much larger pool of players a rallying cry to drive a short squeeze.
- Scoundreller 6y agoWhat I wonder is how many other shorters in heavily shorted stocks just closed their positions. Any “risk of short-squeeze model” just imploded in the last 96h. Any “guaranteed profit” short positions just exited imo.