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'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.