GME, BBBY, NOK, etc etc. It only gets worse as the margin calls come in tomorrow and Friday. There will be massive forced selling of quality positions to raise cash. Watch for falling bodies in NYC.
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Do you have any idea of the amount of capital required to simultaneously attack this many short positions? AMC, EXPR up 300% & 200% today respectively. Don’t get me wrong I love the idea of the little guy banding together and sticking it to these hedge funds but this is something entirely else. Oddlot trading is absolutely gas on the fire but someone else lit the fire.
The short positions came cheap, it's getting out of them that is costly.
100% this. And I think a lot of them doubled down on the trade before today. That hurts!
not that much. you JUST get enough people to NOT SELL BACK TO THE DRUG DEALERS. also, maybe we have help. could be Elon. this same 'Melvin capital' fucked him before by shorting him on Tesla.
There is definitely help.
probably.
there hasn't been a day when we haven't gotten help.