Unfortunately it’s going to go straight to zero because the only holders are wsb redditors. There won’t be any buyers at any price and the liquidity will vanish. But I get the feeling the wsb guys already got their money’s worth.
The funds are obligated to buy on Friday because they shorted like 250% of the stock, and that all comes due on Friday. That's why they're freaking out, that's why WSB stepped in, etc etc. They'll HAVE to buy stock at that point, and the higher it's value, the more they'll lose.
The funds thought that risk was for lesser human beings. But by intentionally putting themselves out there by blatantly trying to ruin GameStop for financial gain, they left themselves open for someone -- WSB and 4chan -- to screw with them.
keep stock above $320 until friday, then that's when the big payout has to happen
Unfortunately it’s going to go straight to zero because the only holders are wsb redditors. There won’t be any buyers at any price and the liquidity will vanish. But I get the feeling the wsb guys already got their money’s worth.
The funds are obligated to buy on Friday because they shorted like 250% of the stock, and that all comes due on Friday. That's why they're freaking out, that's why WSB stepped in, etc etc. They'll HAVE to buy stock at that point, and the higher it's value, the more they'll lose.
The funds thought that risk was for lesser human beings. But by intentionally putting themselves out there by blatantly trying to ruin GameStop for financial gain, they left themselves open for someone -- WSB and 4chan -- to screw with them.
How high will it go before Friday? Will it come down at open?