Time to Pack up and Go Home. We’re toast.
(media.greatawakening.win)
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Buying shares to close short positions definitely reduces demand and causes prices to fall - not that this is how prices are set in the market at all, as we’ve learned.
Go home lads, we’re forked. Stick a socket in it.
If Citron abandoned a short position, doesn't that mean they paid out of it rather than continue to suffer? Wouldn't that be a type of win? If all shorts fork over money to get out of their short position, then the goal of saving GME from the "short machine" worked, or am I not understanding? Thanks
If you take things at face-value, I believe you are correct.
Citron got hosed really good when GME spiked years ago. The head guy came out a week or two ago and publicly announced they are, once again, ‘short’ on GME. Meantime, GME just sold 75m shares and now has 4 Billion in the bank and very low debt. He, or anyone else declaring a ‘short’ position would look pretty foolish. So, with whatever is going on behind the scenes, this latest announcement was likely just a (PR) move to not look like an idiot and MSM took it as just another opportunity to say ‘GME is down’.
“Apes? Diamond hands? More like potato handed ferrets amirite? Ha ha ha ha.”
“Oh that was witty, Bob.”
(“Did they sell, yet?”)
“In other news, Joe Biden has solved world hunger and loves kittens. Such a sweet, wise man. We don’t deserve him.”
“Most popular president in US History, Janice!”
“81 million real, lawful, American votes can’t be wrong, Bob!”
(“Hey, meet me in the back alley after this for a four way nooner and some fresh lines.”)