I'm for sure taking crazy pills lately so this may be a bit of a stretch in theory BUT...
What if the weather can actually be manipulated and there really is a weather related storm coming into DC that was created by our military. All of the sudden, the 10th Mountain Division makes a hell of a lot of sense; "the only one of its size in the US military to receive intense specialized training for fighting in mountainous and arctic conditions." Sorry for the Wikipedia link; I know they're not the best but my wheels are turning.
If you bought in today there's currently a higher probability that you're down in your position and not up. It's easy not to be jealous because I made money on it Monday by executing a planned trade. Yesterday and today there hasn't been a buy signal other than "hope" and hope doesn't qualify for a buy. What's your plan, do what WSB tells you? Hold to $1000? How much of a loss are you willing to take before you throw in the towel? I've been doing this for 20+ years and I hope you and the WSB gang get to $1000. I'm just saying it's improbable. Many a slip twixt a cup and a lip.
You can’t cheat and borrow more shares than are available. A few things have happened.
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GameStop has been massively shorted for a long time.
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The float (available shares for trading) is small (46m or 49m, something like that).
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Smaller float stocks are prone to squeezing on even minimal news, let alone a forum target buying).
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Increased buying (by the WSB gang, mainly) has cause the price to increase. As the price increases shorts start to cover. Shorts cover by buying shares. Now WSB folks are buying, retail traders are buying (because it’s good action), and shorts are buying to cover.
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(And the most interesting part of what makes this squeeze so insane). Institutions and others (regular people too) sold naked call options, which is allowed. Unfortunately for the institutions, they over played their hands and oversold them (also allowed. They can sell as many as they can back with real money). As of tonight all of those naked calls are in the money and expected to automatically execute on Friday. Anyone who sold those naked calls, who doesn’t have the shares to cover the call options with shares (that’s why it’s naked), will owe the owners of the call options the value of the shares equal to the number of contracts times 100 at market close on Friday. So institutions are panic buying now too. Cheaper to buy the shares the last couple days and pay in shares than pay in real money on Friday.
This move might bk an institution, maybe a couple. It’s definitely going to blow up some retain traders accounts. It’s definitely going to leave some novices pissed off at the end of the week. And a handful of people will make a shit load of money.
I still don’t get why she (all of them) wouldn’t have been front and center for the vote. Same old crap though - they don’t take their jobs seriously.