Everyone is dug in. I know a lot of people who bought in with no intention on trying to make money. Just to hold til the end. Its going to get real interesting.
That was my original question - how would "the end" look like? I mean imagine the stock gets up to say $30k a share and everybody still holds.. what then?
Yeah, I know.. My question was more hypothetical - imagine that nobody sells.. not for $500, not for $3,000, not for $40,000.. which would mena they can't cover their positions.. what then?
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.
Everyone is dug in. I know a lot of people who bought in with no intention on trying to make money. Just to hold til the end. Its going to get real interesting.
That was my original question - how would "the end" look like? I mean imagine the stock gets up to say $30k a share and everybody still holds.. what then?
Well if the squeeze happens then we won. That means the short sellers had to buy back in at drastically inflated prices to cover their positions.
Im selling at the squeeze. Leave them short sellers holding the bags at 500 per lol. They lose twice.
Yeah, I know.. My question was more hypothetical - imagine that nobody sells.. not for $500, not for $3,000, not for $40,000.. which would mena they can't cover their positions.. what then?