Officially 79% but there are good indications about the actual number still being way over 100%.. Melvin gets a fine of few millions for false reporting, that is virtually nothing compared to the losses they are about to experience..
GME shorts lost 20 billion last month. If theyre still floating over 100%, then the losses havent even began. If wsb can stay stronk and force a squeeze that is. It will get to the point where we start see "accidents" that kind of scale.
As far as money making potential i cant say. A short squeeze will go to the moon, 50 per could be 500. Im holding for the squeeze and nothing else.
If people want to join the cause, buy two shares and forget they exist. Its a waiting game now. How long can they eat these loses?
Officially 79% but there are good indications about the actual number still being way over 100%.. Melvin gets a fine of few millions for false reporting, that is virtually nothing compared to the losses they are about to experience..
Yeah they already had to borrow 2.5 billion and sell off other positions. Its going to get pretty good.
What are your expectations regd. how this is gonna end?
GME shorts lost 20 billion last month. If theyre still floating over 100%, then the losses havent even began. If wsb can stay stronk and force a squeeze that is. It will get to the point where we start see "accidents" that kind of scale.
As far as money making potential i cant say. A short squeeze will go to the moon, 50 per could be 500. Im holding for the squeeze and nothing else.
If people want to join the cause, buy two shares and forget they exist. Its a waiting game now. How long can they eat these loses?
I am holding, too, for the squeeze.. a modest number, something over 100 shares..
It does seem to have bottomed out around $50 for the past week, funny how this "$20 at best" stock refuses to drop further now.