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Because the short ratio is still over 100%. With the clearing house catching up on the settling trades over the weekend, the counterparty risk goes down, allow
by ww520 6y ago
Because the short ratio is still over 100%. With the clearing house catching up on the settling trades over the weekend, the counterparty risk goes down, allowing the trading platforms to lift the trade restriction, and allowing hordes of WSB to continue to bid up GME. Other moneys will smell blood and join in as they have seen how well GME held up today despite the restricted trades.
- SpicyLemonZest 6y agoThat's just the story of any bubble. Lots of people will bid it up because they expect other people to join in, until at some point they stop believing others will join in. I can't disprove it, because bubbles do of course happen, but that doesn't say much about how long this particular one will continue. I guess what I'd encourage you to do is write some notes for yourself about exactly what you expect will happen, so that when the justifications for the bubble change again you'll be able to notice and hopefully get out in time.