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The stock is going up because of shorts. If the cycle of old shorts covering and new shorts taking positions continues, combined with the positive feedback loop
by thebean11 6y ago
The stock is going up because of shorts. If the cycle of old shorts covering and new shorts taking positions continues, combined with the positive feedback loop of retail FOMO, the stock will continue to go up.
> I don't buy individual stocks and even I'm tempted to get in on the short side right now. Seems like an easy way to turn $1k into $10k.
Sure, if you call the top, otherwise you'll turn $1k into -$20k pretty quickly