Gamestop nearly doubled this morning. $GME
(media.greatawakening.win)
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A legitimate question: If the stock price jumped to $300/share, who would buy it? There has to be some price where nobody will buy it, and therefore, the price will drop, and possibly crash, leaving people who bought anywhere above current levels at a loss.
The short sellers will have to buy as they would keep getting margin called
Didn't the deadline for the shorts that were reported to cause the stock to go "to the moon!" expire long ago?
Deadline? If you short a stock you have to buy it back eventually. Infinite risk.
The only exception is if the company goes bankrupt and the stock is delisted, which is what they have done to countless companies; it’s called “Cellar Boxing.”
No they we packaged into swaps that just expired.
Mmm the tears are delicious.
So the price movement going up was because they had to cover today? (not close of course)
Everyone being margin called, they buy or they lose everything.