From what I’ve read, there are tons of naked shorts out there, hedge funds are swapping shorts and manipulating the price with puts and calls. If they try to actually buy shares to cancel out their short positions, they will lose a fortune because the current price is way higher than what it was when they borrowed the stock. They are just trying to make it one more day, when the float locks, price goes up, and they can’t pay their margin requirements. That’s when the next squeeze occurs. MOASS.
From what I’ve read, there are tons of naked shorts out there, hedge funds are swapping shorts and manipulating the price with puts and calls. If they try to actually buy shares to cancel out their short positions, they will lose a fortune because the current price is way higher than what it was when they borrowed the stock. They are just trying to make it one more day, when the float locks, price goes up, and they can’t pay their margin requirements. That’s when the next squeeze occurs. MOASS.