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As someone who knows basically nothing about stocks, I still don't totally understand whether this is a situation where the WSB guys are going to be left holdin
by Imnimo 6y ago
As someone who knows basically nothing about stocks, I still don't totally understand whether this is a situation where the WSB guys are going to be left holding the bag, but at least they will have screwed over the short sellers and so it'll be worth it to them, or if they're actually going to come out way ahead? Like surely GME stock can't be worth 150 or whatever once this short squeeze business is done with. So what's the offramp look like?
- Miner49er 6y agoShort squeeze like this have happened before. The most famous probably being Volkswagen in 2008, when they briefly became the most valuable company in the world. In that case hedge fund managers lost $30 billion, and Porsche (who orchestrated it) came out with $10 billion. https://moxreports.com/vw-infinity-squeeze/ https://moxreports.com/vw-infinity-squeeze/ It's looking like GME is going to be similar, but at some point it'll basically come crashing down once all the shorts cover and such.
- deleted 6y ago[deleted]