Those are estimates and will be off. Wsb thinks there's a conspiracy to hide the true numbers being 100% more than reported. That's off the deep end. I absolutely expect SI to increase as it was pretty much free money to short GME after RH decided to have clearing house issues. So these new shorts have much higher cost basis knowing retail ran out of firepower. All I see on wsb are bag holders. There's only so much dip these people can buy. And unlike Tsla which went to the moon on better than expected earnings/execution, GME went to the moon solely based on short squeezing so it's absolutely safe to short at their ATHs.
I expect them to be more right when the stock in question doesn't move in double digit percentages daily.You're giving them a pass because they are just estimates?
Those are the estimates that people are paying big bucks for, and they are completely wrong sometimes. Off by like 30%. And sometimes in the wrong direction. You have to face it sometimes their data/algorithm just gets it wrong.
It will be interesting to get the real GME numbers and see how far off, if at all, they were this time.
So retail investors buying small amounts of shares with cash will feel more urgency to unwind their position than bankrupt hedge funds paying 30% margin per day on potentially billions of dollars of losses they can't nearly afford? Obviously this could go either way from here, but time and patience is on the retail side and.......I know I'm taking a massive leap here, I think the wider Reddit investor group understands that.
I don't know why people assume the shorts are still there. The stock was at 3-4x all time lows for weeks. Many shorts with margin called low price basis are long gone. People are more than happy to just get their money back. Two weeks ago I had 5 coworkers asking me if they should buy gme. Last week I had 3 co-workers asked me how F-ed they are and how they can exit. It's at the bust cycle and it's very obvious.
Other than the press narrative from last week, we have no indication the 153% short interest has been even halved. And knowing what we do from TSLA's history with shorting, I'm not sure why you would think these guys would just give up, cover, and move on with life.
I don't know if the short interest has to go below a certain level. There will be some short interest always.
It's just slightly more complex than that. As follows.Cold war Bond flick
Production company: Eon Productions
Fun fact: this is the movie with SPECTRE's volcano base, including operative heliport and monorail, which were constructed at a lot inside Pinewood Studios, UK.
Ergo, Elon's is producing a volcano lair. Obviously.
Cheers!
Cold war Bond flick
Production company: Eon Productions
Fun fact: this is the movie with SPECTRE's volcano base, including operative heliport and monorail, which were constructed at a lot inside Pinewood Studios, UK.
Ergo, Elon's is producing a volcano lair. Obviously.
Cheers!
Very surprised to find myself attributed this quote, in an alert this morning.
That was a waste, should have been easier to read and fewer words, something like "WSB likes GME!", that could be quickly read and understood.
