Hacker News new | ask | show | jobs
by david927 1596 days ago
It's not debunked at all. You have to remember that this is the same corruption level that had the 'buy' command (but not 'sell') turned off just for that stock for a day on RH -- and no one went to jail.

There is growing pressure as more and more investors DRS their shares to push back, so we'll see more articles like the one above, convincing us that the short squeeze is over, trying to convince people to sell. Because once 100% of shares are registered, it's all over.

1 comments

> once 100% of shares are registered, it's all over.

IF you can extrapolate the rising trend all the way to 100%, then shorting would be quite a bit more difficult for most market participants. But the fact that some investor have DRSed their shares does not mean all the rest will, too. You might equally ask that if it would be so beneficial for shareholders to do this, why haven't all shareholders done it already?

As someone without any direct interest in the whole saga (neither short nor long), it sure looks like the whole thing has been over for at least six months.

> it sure looks like the whole thing has been over for at least six months

I think for passive spectators it may feel that way. For those people in it (and I was in WSB from before this started), it's absolutely right in the middle of the action. They has a steady march of registering shares for months and it's not letting up.

The more that directly register their shares, the smaller the pool to manage the price. It doesn't have to hit 100% for there to be an effect. But if it ever does hit 100%, wow.

I wonder if there are people on WSB who will not directly register their shares just for the lulz. It'd be amazing if there weren't even just a few.