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The problem is that you need to sell quickly to take advantage of a short squeeze, and the people who bought at $200 could have made a big pile of money last we
by betterunix2 6y ago
The problem is that you need to sell quickly to take advantage of a short squeeze, and the people who bought at $200 could have made a big pile of money last week -- but if they still have those shares today, they will probably never recover their losses. Right now GME is trading at slightly more than $100/share, and while it might spike again tomorrow it will probably continue to decline. The squeeze is over and by now the remaining shorts are hedge funds who sold when the share price was above $300.