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15 years age difference, need advice! ๐
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Google VW short squeeze
$2
Some orders sold at 5000. So it can be a crazy high number
Current GME market cap is 25B. It's not inconceivable that it may become the highest valued company on the market for a brief time while the short squeeze is on, as VW did. So it could be potentially valued at $1T+ during that time, which is to say, it still has 40x potential or more.
Left to run it's course I see that happening. But there has been so much bullsht happening to prevent that. That makes me wonder if the powers that be will allow it to happen
Agreed. Senator Warren made noises today about going after wsb.
Sky is the limit. But if you havenโt gone in already. Check Monday first.
So if all the people on wsb agree that they wonโt sell for anything less than $1 million a share, what happens?
๐ ๐๐ป sell 999k
Because the short percentage is still very high, I believe there is a lot of runway left. Hard to say an upper bound, it all depends on how greedy and how stupid the shorts are, and how many holders with ๐โwho simply refuse to entertain the shorts at these prices.
Not believing what the media is saying and actually looking at the data it shows that the hedge funds doubled down in their short squeeze. They think after we get bored we will all dump next week and they will recoup their loss
Yes, there is a ton of misinformation out there. I've been reading all the articles explaining the situation since last weekend and almost every single one is wrong or speculation (eg reporting melvin capital exited their position when melvin said they don't comment on their positions)
I think this game is over. If you are smart, cash in your profits!
On what evidence? Short percentage is still high - meaning thereโs still more upside
who is going to buy at those prices? that need to be sustained for shorts to cover. if they hold out, it's not going to keep going up. everyone and their mom is in on it.
From a theoretical perspective, as high as people are willing to sell. If everyone holds at $300, but sell at $1,000 then thatโs the theoretical high. If people are willing to sell at $300 then it will be lower
every price point in any given day is because someone willing to sell and some other willing to buy at that price