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Joined: 03/04/1999 Posts: 15109
Likes: 16078

What you seem to be missing is that the mob that bought so much of the

stock at $100 and $150 don't have to keep buying - it's the hedge fund call writers being forced to buy what few shares they can to cover their positions, and it's the scarcity of shares causing the stock to blow past $300. The Neets aren't the ones getting hosed in this, it's the hedge fund "gurus". Are there suckers coming out of the woodwork trying to buy shares? Of course, but that's not the main movement here. The main movement has literally posted (via 1,000 different voices of course) that their entire goal is to not sell and as a result to screw the establishment over. It's going to continue until the hedge funds (and their parents, and those company's parents) go belly up as a result. Because nobody can force the holder of a stock to sell just so some hedge fund bully can cover his position. There's no legal mechanism for that. It wouldn't surprise me if GME went past $1,000/share simply due to the stranglehold that current shareholders place on the stock simply by refusing to sell.

(In response to this post by Spudnut)

Posted: 01/27/2021 at 9:56PM


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Current Thread:
  Watched the NewReport last night on PBS -- GoochlandHoo 01/28/2021 08:22AM
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  But the end result will be -- Spudnut 01/27/2021 9:50PM
  Think it’s flawed logic -- hoos2008 01/27/2021 8:51PM
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  Assuming option expiry on Friday ** -- hoos2008 01/27/2021 9:02PM
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  #reddit ** -- Trigon 01/27/2021 9:09PM
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