Oh yeah without a doubt. As for who was buying, the hedge funds. I bet they used those billions from the bailouts timed with this to close some of their shorts and reset around that $250-300 range. That way the short to float percent stays relatively stagnant, so we assume they're in the same place. They likely still are in a pretty shitty situation, but I bet some of those reset shorts will help offset their losses.

However, if people just keep piling on and buying, they could still end up in the same boat overall. What good is a reset short around $300 if the stock goes up to $600 so to speak. They still would end up getting liquidated.

Somewhat unrelated, but I'm hearing a lot of talk about silver too. Perhaps people should buy silver instead as not only is it a safer investment, but if it's as undervalued as they say there's quite a lot of potential. It's also a physical asset (assuming you get actual coins/bars) which is nice too.