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The game has gotten sufficiently big enough that long-sided whales haven entered and are snapping up shares and abosrbing short attacks. See the long buying at
by Rastonbury 6y ago
The game has gotten sufficiently big enough that long-sided whales haven entered and are snapping up shares and abosrbing short attacks. See the long buying at Friday market close, institutional volume aimed at boosting close price to inflict pain on short via higher maintenance margin.
The shorts are in a corner now, their positions are underwater on paper and long whales have an incentive to keep it there.
- sidibe 6y ago1. Even if some shorts are in trouble (you don't know whether or not it's the same people as at the beginning of the run), others are willing to take their places. 2. Long whales also have plenty of incentive to sell. Namely they can bank their profits on a stock that is likely to collapse quickly