2 ms·

> It's picking right back up because the people the shorters wanted to sell, didn't. I know people believe they know about who's doing what in specific, vs see

> It's picking right back up because the people the shorters wanted to sell, didn't. I know people believe they know about who's doing what in specific, vs seeing just the aggregate numbers, but I haven't yet been convinced that anyone actually knows this. I'm seeing news coverage, I'm seeing people lobbying others to buy more, I'm seeing speculation about what short sellers are doing, I'm seeing people saying their newly going short... I'm not seeing up-to-the-minute specifics on "Melvin Capital has lost $X dollars" or "still holds Y short positions." Yet the logic behind the "squeeze" assumes that specific knowledge. I see how what you say is a possible explanation for what we see. But I can also imagine other explanations.

cccc4all 6y ago
The diamond hands are betting that GME go to infinity. The short sellers are betting that GME will go to 0. One will win and the other will lose. The question is who has the edge? Just look at what's happening with the market. Brokers are pulling all the shenanigans to convince normal people to sell. All the finance media are shilling for billionaire vulture short sellers. Has this ever happened in the history of finance? Why are these things happening? Does it seem like the super smart billionaire vulture short sellers have the edge? If they do, why don't they come in and make moves to drive down the prices from current levels? After all these millions of shares being traded, why is the short still above 100%
- tptacek 6y ago
  As Levine points out, at this point, the short sellers are probably just betting that GME will go to 200.