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by ZephyrBlu 1968 days ago
Hmm. There seems to be a lot of unknowns right now. Do you think the information about how this all went down will come out once it's over?

I'd say most of the wallstreetbets traders still believe Melvin has their position, but you're saying otherwise. Though the still extremely high short interested doesn't seem to make sense if the big losers already exited...
2 comments
JumpCrisscross 1968 days ago
> Do you think the information about how this all went down will come out once it's over?

I do. This will make partners out of a solid suite of securities lawyers around the country. But we won't have clear answers for at least another 6 months.

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jsamps 1968 days ago
High short interests make a lot of sense right now, you have a shitty company with a market cap above 50% of the S and P 500 trading at multiples higher than IP rich tech companies like Apple. The stock is overvalued many times over regardless of whether you use sentiment or NPV’s. The more overpriced a stock becomes the more bears will join the marketplace, that’s inevitable. Most hedge funds take losses once the price goes about 30% over their position, most early bears definitely went above this but there is little chance they are still holding. That means that these new shorts are likely to have set prices in the $250 plus range, where the potential returns are astronomical and the little guys trying to stick it to the man are likely to foot the vast majority of the Bill whilst making the man and a small number of early buyers a shit load of money
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ZephyrBlu 1968 days ago
If the early bears have already exited I would have expected the price to jump higher though.

Also, from what people are saying on WSB, there's no liquidity left in the market which is why some platforms halted trading for $GME.

If the early shorts were all out I wouldn't expect a lack of liquidity, since more recent short positions wouldn't be under as much pressure.

I'm a complete noob, but it seems like literally no one can agree on what's happening and why even though there seem to be valid arguments on all sides.

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