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That assumes the longs are unified. The WSB community are heavily promoting Friday as the day their grand scheme comes to fruition. How many of these novice fir
by scoopertrooper 6y ago
That assumes the longs are unified. The WSB community are heavily promoting Friday as the day their grand scheme comes to fruition. How many of these novice first-time investors will defect when Friday comes around and the shorters opt to wait them out? How many need to defect before panic sets in?
Shall be an interesting week.
Edit: looks like it's already falling apart, the price is down 30% on post-market trading! Expect things to get real once the market opens up.
- pivoter 6y agothis aged badly.
- scoopertrooper 6y agoI just checked it again, they're still down 15% from the market close.
- llampx 6y agoAny trader knows that after-hours price action does not necessarily translate or carry over into RTH. It is much easier for price to be manipulated in thin after-hours trading.
- delaaxe 6y agoFriday has nothing to do with the shorts (not the short squeeze). Friday is about the gamma squeeze because options expire on Fridays
- 0xEFF 6y agoOne thing I’ve read is both a short squeeze and a gamma squeeze have never happened at the same time to this degree. Is that true? I tried and failed to verify.
- kyawzazaw 6y agoThat's why there are people rallying amongst themselves to hold. A significant number of shares are with people who simply does not care if they lose it all. They want the hedge funds who are shorting to bleed mostly from the interests.