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by oraphalous 1963 days ago
Yeah - I mean, why wouldn't it attract a bunch more shorts that open their positions at the current highs?

Wouldn't surprise me if Melvin hasn't really closed their position - but it wouldn't be irrational to think that /r/wallstreetbets will at SOME point in the future move on from gamestop to something else.
1 comments
hn_throwaway_99 1963 days ago
> why wouldn't it attract a bunch more shorts that open their positions at the current highs?

The cost to borrow shares for GME is currently astronomical, last I saw was like 50%

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gruez 1963 days ago
...APY, which isn't that bad if you think this meme will blow over in a few weeks.
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imtringued 1963 days ago
The problem is that hedgefunds call retail traders stupid and if they are really that stupid then they will hold the bags, which is exactly what the shorts don't want.
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