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by virmundi 1963 days ago
I love WSB. Up 200% on GME, 240% NIO, 60% on Carnival Cruise. They have decent insight when you learn their lingo. They also admit this is gambling.

Current GME argument. A short squeeze will come around April. Long term the guy that fixed Chewy is going to take over. It will become a good company again. However between those two sentences is a gap where the stock will go back down to 5-10. Current theory: ride the fucker to 300-500 like VW when it was short squeezed. Get out while there are still bag holders. Get back in later.
1 comments
Scoundreller 1963 days ago
I’d be surprised if there are any shorters left right now. Probably all got margin called and forced to exit.

VW’s squeeze was different as it turned out their parent was holding almost all the shares. There was only one seller left.

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virmundi 1963 days ago
Valid point. People in WSB are tracking shorts. Haven’t heard them call for bailing. Could be they just want to beat up the boomers.

Here is a discussion on why they think it will go up. https://www.reddit.com/r/wallstreetbets/comments/l4tu4r/why_...

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Scoundreller 1963 days ago
Dunno how they're doing it.

Thinking aloud, it's not the easiest thing to calculate. You can can short a stock and acquire it right after without closing the two net-zero positions. Why? To mess with short interest calculations. You do lose trading fees and spreads whenever you do it.

Then you have all of the options going around.

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