Do you think the big boy investors are dumb enough to get burned twice with GME? They already took the losses on the previous shorts, correct? My suspicion is that this time, THEY are invested in the rise, and will pull the plug at some point, leaving a lot of "little guys" high and dry. (or are there records that show they shorted it again?)
Thanks for the info. I guess they think there is no way people will keep buying it as it climbs above $300/share. I need to speak with my financial adviser to plan how not to get burned when the big boys get burned. During their last short sale debacle, even though my retirement account is in the most conservative mix, some of the funds STILL had a few percent stake in GME! I'm just trying to keep up with inflation, which my account is not doing (it made about 1.5% in the past year; inflation must have been 2 or 3% at least)
Do you think the big boy investors are dumb enough to get burned twice with GME? They already took the losses on the previous shorts, correct? My suspicion is that this time, THEY are invested in the rise, and will pull the plug at some point, leaving a lot of "little guys" high and dry. (or are there records that show they shorted it again?)
Thanks for the info. I guess they think there is no way people will keep buying it as it climbs above $300/share. I need to speak with my financial adviser to plan how not to get burned when the big boys get burned. During their last short sale debacle, even though my retirement account is in the most conservative mix, some of the funds STILL had a few percent stake in GME! I'm just trying to keep up with inflation, which my account is not doing (it made about 1.5% in the past year; inflation must have been 2 or 3% at least)
GME has been dropping for the past day or so; is this just a little profit making, before it climbs again, or are people bailing?