Interesting short squeeze on GME, and it could keep going. Up 90% in a single day that was something.
I don't know what % float short number should start worrying bears, it depends, perhaps typically start paying attention above 10%, what is sure is that everyone mindlessly doing the same thing does not work out ever. 138% seriously? These guys are crazy. Asking for it.
Perhaps they mostly use options so they don't care?
I don't spend a whole lot of time on stocks but when short squeezes happen the % float goes down, this is how it was for Tesla, so clearly some people are covering,
or not re-rolling, something is happening, not just MM adjusting.
The Board of Directors had a change, and the price started dangerously going up, bears held the bag, and then got hit hard as happens so often, no one wants to cut losses quickly and miss out a winner, maybe they're under pressure from their clients, or just bad. Not missing winners doesn't make money, I don't get it it's obvious, "emotional" reptilian brains I guess...
Also the price bottomed, then starts making higher highs and higher lows and S&P goes to ath, they don't care they just pile into the short. You don't do this you'll miss out but also you won't lose big as often.
They'll find ridiculous ways to rationalize this "it's ok I had small position size" or whatever. Nah it's just bad. Shorting like a sheep and holding the bag.
It's entirely possible WSB started pumping the stock to create a short squeeze. There won't be any investigation of course as price went up, investigations only happen when price go down.
This business seems really bad, and going to zero, but till then people will throw money into the furnace for a while longer.
I don't know what % float short number should start worrying bears, it depends, perhaps typically start paying attention above 10%, what is sure is that everyone mindlessly doing the same thing does not work out ever. 138% seriously? These guys are crazy. Asking for it.
Perhaps they mostly use options so they don't care?
I don't spend a whole lot of time on stocks but when short squeezes happen the % float goes down, this is how it was for Tesla, so clearly some people are covering,
or not re-rolling, something is happening, not just MM adjusting.
The Board of Directors had a change, and the price started dangerously going up, bears held the bag, and then got hit hard as happens so often, no one wants to cut losses quickly and miss out a winner, maybe they're under pressure from their clients, or just bad. Not missing winners doesn't make money, I don't get it it's obvious, "emotional" reptilian brains I guess...
Also the price bottomed, then starts making higher highs and higher lows and S&P goes to ath, they don't care they just pile into the short. You don't do this you'll miss out but also you won't lose big as often.
They'll find ridiculous ways to rationalize this "it's ok I had small position size" or whatever. Nah it's just bad. Shorting like a sheep and holding the bag.
It's entirely possible WSB started pumping the stock to create a short squeeze. There won't be any investigation of course as price went up, investigations only happen when price go down.
This business seems really bad, and going to zero, but till then people will throw money into the furnace for a while longer.
