Gamestop nearly doubled this morning. $GME
(media.greatawakening.win)
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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)
Had to be. Retail didn't trade 150 million shares.