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Another thing, GME is just one of many stocks that appear to be squeezing right now. These other stocks that might be squeezing (like DDS, TR?, FIZZ, BBBY) are

Another thing, GME is just one of many stocks that appear to be squeezing right now. These other stocks that might be squeezing (like DDS, TR?, FIZZ, BBBY) are barely mentioned on WSB. What's causing all these stocks to be squeezing at the same time? I'm not even sure we should be saying GME was WSB's doing, although it is a fun story.

jdhn 6y ago
BBBY has been brought up in a few DD (due diligence) posts. If you go to WSB and search for BBBY you'll come acorss them. GME is obviously the focus of attention, and therefore the lions share of posts are about them.
perl4ever 6y ago
Pattern recognition? It's not hard to find a list of the most shorted stocks currently, and think that you can buy them "earlier" than GME. By Monday, several were already way up, although not as extreme. I think the real world meaning of this, is that people shorted stocks that were perhaps in temporary distress, but many if not all of them could be saved if they got a lot of cash, which they can do, if they suddenly can sell stock at an inflated price. The short theses could have been self-fulfilling, but now things are going the other way. It's not really a violation of objective facts if the market decides to give these companies more capital. Who's to say they shouldn't get it? Especially with all the money showered on IPOs lately? I used to think short selling was honorable, misunderstood, etc. but if it really is a self-fulfilling thing, maybe it isn't a social good, especially when the viability of a company is affected by the temporary situation with covid. Maybe GME and similar should get a year's lifeline, for the good of all their stakeholders, because a lot could and almost certainly will change.
- Miner49er 6y ago
  They've had high short float for months though? It could've happened at any point, I guess I'm just wondering why now, and why all at once? I suppose you're probably right, it could just be people trying to replicate GME.
  - perl4ever 6y ago
    I don't know, but the idea that other heavily shorted stocks might skyrocket came to me personally right about the end of last Friday, based on reading about GME. It reminds me of when "everybody" (in a vague sense) suddenly took covid-19 seriously. There's a dynamic sort of like people are particles in an avalanche or something. I remember the week or so leading up to March 13th (iirc) as just having the pressure building and wondering when something would be done, and then there was the tipping point.
- imtringued 6y ago
  In theory short selling is a way to make money off of bubbles and weaken them by driving the price down. In this case we basically saw the opposite. Instead of people optimistically buying a stock and driving the price up we got institutions optimistically short selling a stock to drive the price down. It's a bubble in the opposite direction.
rezashirazian 6y ago
Some believe the other stocks are being pumped by the funds either through direct purchases or flooding social medias to divert focus from GME.

jdhn 6y ago

BBBY has been brought up in a few DD (due diligence) posts. If you go to WSB and search for BBBY you'll come acorss them. GME is obviously the focus of attention, and therefore the lions share of posts are about them.

perl4ever 6y ago

Pattern recognition? It's not hard to find a list of the most shorted stocks currently, and think that you can buy them "earlier" than GME. By Monday, several were already way up, although not as extreme. I think the real world meaning of this, is that people shorted stocks that were perhaps in temporary distress, but many if not all of them could be saved if they got a lot of cash, which they can do, if they suddenly can sell stock at an inflated price. The short theses could have been self-fulfilling, but now things are going the other way. It's not really a violation of objective facts if the market decides to give these companies more capital. Who's to say they shouldn't get it? Especially with all the money showered on IPOs lately? I used to think short selling was honorable, misunderstood, etc. but if it really is a self-fulfilling thing, maybe it isn't a social good, especially when the viability of a company is affected by the temporary situation with covid. Maybe GME and similar should get a year's lifeline, for the good of all their stakeholders, because a lot could and almost certainly will change.

Miner49er 6y ago
They've had high short float for months though? It could've happened at any point, I guess I'm just wondering why now, and why all at once? I suppose you're probably right, it could just be people trying to replicate GME.
- perl4ever 6y ago
  I don't know, but the idea that other heavily shorted stocks might skyrocket came to me personally right about the end of last Friday, based on reading about GME. It reminds me of when "everybody" (in a vague sense) suddenly took covid-19 seriously. There's a dynamic sort of like people are particles in an avalanche or something. I remember the week or so leading up to March 13th (iirc) as just having the pressure building and wondering when something would be done, and then there was the tipping point.
imtringued 6y ago
In theory short selling is a way to make money off of bubbles and weaken them by driving the price down. In this case we basically saw the opposite. Instead of people optimistically buying a stock and driving the price up we got institutions optimistically short selling a stock to drive the price down. It's a bubble in the opposite direction.

rezashirazian 6y ago

Some believe the other stocks are being pumped by the funds either through direct purchases or flooding social medias to divert focus from GME.