|
|
|
|
|
|
by jcfields
1951 days ago
|
|
|
The short squeeze happened two weeks ago when the stock ballooned from $20 to $480. That's a 24x increase; VW's "infinity squeeze" comparatively only grew 5x from $200 to $1000. People on WSB had some arbitrary price targets in mind and are in denial that the stock hasn't squeezed yet because they haven't hit those (completely made-up, with no basis in anything) targets. |
|
|
Almost certainly not. We will learn, in time, how much of the run was shorts closing out and how much of it was momentum.
Keep in mind, too, that most institutional short sellers hedge their risk with out of the money calls. Given the increase in volatility, those calls would have more than covered the short losses.