So the price will skyrocket due to demand from the short sneeze. Hedge funds "shorted" GME meaning they borrowed and sold shares counting on the price to go DOWN so they could rebuy them at a lower price, return the borrowed shares and pocket the difference.
The problem is they didn't bankrupt the company like they were planning and they've been doing to other companies for decades. They got so good and greedy at this they started making fake shares (synthetics) and shorting companies MORE than the number of shares that exist by ALOT. This was their infinite money glitch and it backfired this time.
That means they need to buy YOUR shares to return them to who they borrowed them from. So many brokers and so few shares means the price goes parabolic. This is called a short squeeze, The price goes nuts due to them being forced to buy shares at any price to close out their short. They are insured by their clearing houses and THEY are insured by the federal reserve.
GameStop is shorted at LEAST 500% meaning they need to buy and return every share that exists 5x.
When VW was only 20% shorted in 2005ish it went from $40 to a little over $1050 a share in a few days. This will be MUCH bigger.
So the price will skyrocket due to demand from the short sneeze. Hedge funds "shorted" GME meaning they borrowed and sold shares counting on the price to go DOWN so they could rebuy them at a lower price, return the borrowed shares and pocket the difference.
The problem is they didn't bankrupt the company like they were planning and they've been doing to other companies for decades. They got so good and greedy at this they started making fake shares (synthetics) and shorting companies MORE than the nuber of shares that exist by ALOT. This was their infinate money glitch and it backfired this time.
That means they need to buy YOUR shares to return them to who they borrowed them from. This is called a short squeeze, The price goes nuts due to them being forced to buy shares at any price to close out their short. They are insured by their clearing houses and THEY are insured by the federal reserve.
GameStop is shorted at LEAST 500% meaning they need to buy and return every share that exists 5x.
When VW was only 20% shorted in 2005ish it went from $40 to a little over $1050 a share in a few days. This will be MUCH bigger.