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> short interest remains very high Of course it does, since the stock is ridiculously overvalued. What does the WSB crystal ball have to say about when the squ
by tom_mellior 6y ago
> short interest remains very high
Of course it does, since the stock is ridiculously overvalued. What does the WSB crystal ball have to say about when the squeeze will happen? How would we be able to tell when it has happened?
> sacrificially holding stocks through the short squeeze and subsequent decline
This is a noble goal. It will be interesting to see if it works out, tragedy of the commons and all. If everyone else holds, nobody will mind if I sell my shares, I do so need that Ferrari...
- ratsmack 6y ago> ... overvalued ... This really has nothing to do with it.
- ummonk 6y agoNo one knows when or even if the squeeze will happen. It was on the verge of happening on Thursday when the DTCC raised the collateral requirements to stop retail investors from buying more shares. Now everyone is guessing it will probably happen some time next week. The signs should be pretty clear - there will be a rapid spike in the price as the squeeze snowballs.
- tom_mellior 6y ago> No one knows when or even if the squeeze will happen. Well. $GME closed at -100 dollars (-31%) yesterday, and it's currently down another ~95 dollars from that in the pre-market. I guess we will not go to space today.