So much for the "short squeeze" in BBBY, huh?
Down 60% in 3 days.
I hope nobody around here got suckered in by the Reddit touts on that one!
Hard lesson for anyone who did: Short squeezes NEVER go "to the Moon!"
NEVER.
They shoot up, and then they crash back down to reality.
No offense meant, but your intended point seems to be changing a lot.
I think the Reddit touts pushing the story that GME has "secret" shorts on a massive scale is a LIE.
I think that GME did short squeeze last year, when there WERE naked shorts in.
I think that time has passed.
I think GME, the company, is a loser, and is pushing a pump and dump story.
I think touts on GME are piggybacking that story and adding some sizzle to "break the system."
I think it is a LIE.
I think people will get burned if they play with fire.
Trying to point out where the matches are.
I also think this recent rally is likely a bull rally in a larger bear market, but willing to see where it goes. Today was not a good day for the market, but doesn't get me bearish (yet). Past month has been great for the market, but ... let's see what tomorrow brings.
My focus with GME is that (a) I do not own or short it, and never have, but (b) thought the story was interesting ... LAST YEAR ... when there WERE naked shorts that could get caught in the trap, but (c) that story already played out, and now the play is on those who think GME will bust the system.
If you guys end up winning, good for you. I don't see the point, since I don't believe the story, and will buy or short elsewhere.
I posted about BBBY today because it shows what happens in a stock squeeze -- goes up, and then right back down.
If you think GME will be the exception to the rule, and ... some day ... squeeze to the Moon, then ... good luck.
I think getting involved in local politics and enforcing constitutional government (including ending the Federal Reserve), is a better use of resources, and buying a pump and dump stock is not.
But, to each their own.