Can someone explain what has to happen for the short sellers to be forced to buy all available shares which in turn makes the price of the stock “Skyrocket” or “Go to the moon”? It is still confusing to me when it might occur.
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I have a small amount and I’m keeping them. I will add to them when I’m able to. It’s worth the risk to ride it out and see what happens.
Yes, I agree, and all the people that are on superstonk agree too. They are the ones that did all the research and they know more than I do about exactly why this is possible, basically when the price goes up, their margin costs go up, Apes not selling will increase the price. The higher the price goes, the more it costs them to get rid of their shorts. They bought a ton of shorts way back when the price was super low and didn’t get rid of them and now they really can’t afford to get rid of them. Earnings coming up soon and we will see how many shares are DRS’d.