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Dropped from 500 to 117 now 238. Lots of money changing hands. The narrative appears to be that the shorts will have to eat the loss and cover at some point,
by nkingsy 6y ago
Dropped from 500 to 117 now 238.
Lots of money changing hands.
The narrative appears to be that the shorts will have to eat the loss and cover at some point, but the house has taken possession of the short position and is now putting their thumb on the scale.
What drama, people already counting their student loans paid off as they scream “hold!”
- vmchale 6y ago> The narrative appears to be that the shorts will have to eat the loss and cover at some point Supposed Melvin already has.
- libertine 6y agoBecause they publicly stated it, as far as we know the only interest in sharing such information is to point precisely that they want people to believe they are out. So, as far as we know, they haven't closed yet.
- tarsinge 6y ago> the house has taken possession of the short position and is now putting their thumb on the scale. With such low volume it's unlikely. They literally blocked the buy side, so they are just tanking the price with a few shares to scare retail and trigger stop losses.
- JohnTHaller 6y agoThere's almost no volume. About 60% of Robinhood's userbase owns GME and all of them are blocked from buying more.