I'm still suspecting that GameStop is part of the strategy
(media.greatawakening.win)
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retail investors (AKA apes) are resolute in holding together. Ape trust ape, fren.
Why not hold out for a billion a share? I only have 3 shares. A guy's gotta make a profit. 3 billion and I will retire...maybe buy a boat and pay someone to go fishing for me.
actually, there's the "infinity pool" theory - hedge funds need to buy back more shares than should exist in order to close their naked short position. If apes only sell a fraction of the needed shares (i.e. you sell 1 and hang onto the rest), then the price will have to go up to infinity!
I bought 3 shares just to put a thump in their eye. I don't expect to ever see any profit from it. When required to purchase back more than exists, prices might spike 10x or 20x, then they will simply create more just like was done to create the ones they sold in the first place or stop trading and possibly charge a few with fraud. Remember the last stock that went to infinity?
yeah, it's probably just people "anchoring" the idea of infinity in other apes minds. but you've nailed the other part of it - to make hedge funds bleed in order to double down on what they started. Eventually they will run out of collateral and get margin called. Then the fun begins! They'll be completely liquidated in the process.