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Considering other hedge funds reloaded shorts after getting decimated, there's no indication their losses will stay at 53%. Like a bankrupt gambler returning t

• gruez 6y ago
  ...except that unlike slot machines, the probability of you winning does increase the second time around. It costs more money (in aggregate) to pump from $20 to $200, than from $200 to $2000. I'd also imagine that the buy side will gradually lose steam once meme fatigue starts to set in.
  • 0xy 6y ago
    TSLA's valuation can only be described as extremely optimistic, hedging on "huge bubble" status. I don't think we've seen the brakes on the buy side at all, considering the buy side has been artificially constrained by limits and restrictions. Is $2,000 GME possible? Of course it is. It's not even unprecedented considering the other businesses valued at billions of dollars with shaky business models.
    • blackrock 6y ago
      At $2000, GME can reinvent itself and become a software/hardware tech company.
      • gruez 6y ago
        ...only if they issue shares, which would surely tank prices.
        • deleted 6y ago
          [deleted]
        • adflux 6y ago
          As AMC wisely did in the past week. They are saved by this hype
          • deleted 6y ago
            [deleted]
    • imtringued 6y ago
      >Is $2,000 GME possible? Of course it is. It is very likely that it reaches this price during the short squeeze and crashes a day later.
  • imtringued 6y ago
    It's just a matter of holding long enough at this point. The price is high enough.