what's happening with gamestop is the average gamer beating the hedge fund wallstreet fucks (that want to see you never succeed) at their own game. THEY got too cocky bros
They and all their buddies gambled tens of millions of dollars on Gamestop failing by opening an absurd amount of short contracts (profit on stock prices falling) each day they are losing millions as the price rises, and eventually, they'll have to liquidate the contracts
And this hasn't happened yet. They'll have to buy the stock at whatever the price is, or whatever sellers set it to, to pay back the debt on these short contracts. We're talking tens of millions of dollars.
Guess what happens to the price then
Gamestop at $150, $200, etc. isn't even the short squeeze, it's literally just to increase the impact of the ass fucking when the contracts have to close. Basically setting the price floor before lift-off.
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