What we saw was a rally, because those of us who understand it, know that it's a fantastic bet and sold it to everybody.
But the reality is that the Market Manipulators have shorted $GME to such an unfathomably stupid extreme. They pay more for that borrowed money the higher the share price goes. Here's an example from The Big Short talking about extraordinary premiums on his short position: https://www.youtube.com/watch?v=xAlCbE-yCTw&ab_channel=Movieclips
It has not yet squeezed, that was just a rally. These MM pricks think they are going to make the money back betting on the $GME return to Earth (and they might!) but that's why we keep buying and HOLDING. They are so fucked, all they can do is try to convince us that we won: "You won daddy, plx sell."
please, elaborate, because you are indicating the 10 fold of what was discussed in the article.
Er, 10 fold would be $130B not 55
Depends on what figure you take as the ultimate low ball.
However, the question still remains: how do you support a higher estimate.
Exponential price rise from short squeeze, not linear. In thoery it goes as high as bankruptcy price of backers
The Squeeze has not been Squoze.
What we saw was a rally, because those of us who understand it, know that it's a fantastic bet and sold it to everybody.
But the reality is that the Market Manipulators have shorted $GME to such an unfathomably stupid extreme. They pay more for that borrowed money the higher the share price goes. Here's an example from The Big Short talking about extraordinary premiums on his short position: https://www.youtube.com/watch?v=xAlCbE-yCTw&ab_channel=Movieclips
It has not yet squeezed, that was just a rally. These MM pricks think they are going to make the money back betting on the $GME return to Earth (and they might!) but that's why we keep buying and HOLDING. They are so fucked, all they can do is try to convince us that we won: "You won daddy, plx sell."
Nope. Not yet.