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• coliveira 6y ago
  But they achieved their goal! The price increased incredibly due to the collective pressure. But of course nobody can keep the price of a stock at such levels for a long time. Even if everyone who bought GME had hold their shares, the prices were destined to fall to more sustainable levels.
  • Judgmentality 6y ago
    The squeeze was actually cut short, because trades from Robinhood were halted for GME as well as some other brokers (all at the same time). Nobody knows how high it would've gone, but it's certainly significantly higher. https://finance.yahoo.com/news/robinhood-bars-users-from-buying-game-stop-stock-infuriating-its-users-144007484.html https://finance.yahoo.com/news/robinhood-bars-users-from-buy... You can also look at trading volume. It would have gone a lot higher had there been no intervention from Robinhood. I am not claiming there is a conspiracy here - I realize Robinhood didn't have the cashflow for these deals and had to halt trading.
    • edgyquant 6y ago
      How long do people expect a short squeeze to last? It came and lots of working class people made millions. Those who came in after the fact and held “with diamond hands” expecting to stick it to institutional money lost out because they became over zealous. Robinhood also cut short due to liquidity reasons but even if that wasn’t the case, Robinhood has been blocking buys of highly volatile stocks since before I quit using it in 2017. Most of those were penny stocks, sure, but the point remains there was nothing special about GME except for it being expensive and in the news.
      • Judgmentality 6y ago
        > How long do people expect a short squeeze to last? I don't think anything in my comment implied the short squeeze hasn't already ended. I said it was cut short, not that it's still going.