Right at the bull trap. You guys are getting played. They are just going to short it back down to 20 dollars where it belongs and everyone’s holding a bag. People think because their motives are different that the market gives a fuck? Some people are in for a rude awakening.
I'm not sure if you know how shorting works. You can't make the price of a stock go down, just by shorting it. If nobody sells today (or in the next week or so), the shorts will not be able to return their "borrowed" stocks. The price will most definitely not go down.
As the price of GameStop rises dramatically today, some will sell and make bank, but as long as most hold on, the price could go to the moon, and then a few more will sell. Eventually many will sell at high prices, and brag about their investing acumen for the remainder of their days, but most will end up holding the bag.
It's kind of like the Prisoners Dilemma, and instead of working together to create the optimal outcome, some holders of GameStop will sell at a lower price than if they had all held, yet their selling lowers the maximum price which could have been achieved.
I know how to value a stock and I know what shorting is. You being retarded and typing in caps isn’t going to change my evaluation on a company. Unlike you I can read a balance email sheet.
And it was 2.73 when WSB noticed it was 200% shorted and was undervalued. Stock is worth about 20$ a share based on their assets and income. But hey you pay whatever you want for an emotional craze. I have my popcorn.
Right at the bull trap. You guys are getting played. They are just going to short it back down to 20 dollars where it belongs and everyone’s holding a bag. People think because their motives are different that the market gives a fuck? Some people are in for a rude awakening.
I'm not sure if you know how shorting works. You can't make the price of a stock go down, just by shorting it. If nobody sells today (or in the next week or so), the shorts will not be able to return their "borrowed" stocks. The price will most definitely not go down.
As the price of GameStop rises dramatically today, some will sell and make bank, but as long as most hold on, the price could go to the moon, and then a few more will sell. Eventually many will sell at high prices, and brag about their investing acumen for the remainder of their days, but most will end up holding the bag.
It's kind of like the Prisoners Dilemma, and instead of working together to create the optimal outcome, some holders of GameStop will sell at a lower price than if they had all held, yet their selling lowers the maximum price which could have been achieved.
We can buy anything they choose to short.
That is why I am prepared to lose the 100 USD I put. I don't care anymore I will simply not sell.
These 100USD I see it as a donation.
That’s fare I just feel like the little guys are still going to get fucked.
it was 2.73$ not 20, you have no IDEA about what you are talking STFU.
LEARN WHAT SHORTING IS.
I know how to value a stock and I know what shorting is. You being retarded and typing in caps isn’t going to change my evaluation on a company. Unlike you I can read a balance email sheet.
And it was 2.73 when WSB noticed it was 200% shorted and was undervalued. Stock is worth about 20$ a share based on their assets and income. But hey you pay whatever you want for an emotional craze. I have my popcorn.