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The problem for GME is that it will crash regardless if there's stock market crash or not. When a market crash happens you're much better off holding value stoc
by tinyhouse 6y ago
The problem for GME is that it will crash regardless if there's stock market crash or not. When a market crash happens you're much better off holding value stocks of solid companies.
As of mr. DFV, I'm sure he'd like to close his position at the current price. But my guess is that he prefers to hold for his reputation. Since he already guaranteed more money than he would ever need, it's not a bad decision. The other option is that he believes it's going climb even more, which is possible. But don't assume people hold for any reason other than making money. Once the squeeze is over it will fall like dominoes.
- conductr 6y agoThat's what makes it an infinite short. Short makes complete sense every dollar it goes up it makes more sense. Timing it is one hell of a dice roll.
- xiphias2 6y ago> But don't assume people hold for any reason other than making money This is true for every market participant, the fun situation here is that the short squeezers know that what they are doing is risky, but they don't care, because it's fun to take risks, and anyways they have better chances than buying lottery or going to casino.
- deleted 6y ago[deleted]
- yreg 6y agoWhy do you think a crash of GME would cause a full blown crash of the stock market?
- blackrock 6y agoStill waiting for TSLA to fall.