Correct me if I am wrong but Citron is basically hedging their bets that the price of gamestop will fall dramatically and go bankrupt. They short-sold, so they will by Gamestop shares at whatever price it is at in the future (they want them to fail). WSB, realizing this, is artifically pumping up gamestop to the point where Citron will have to buy a crap ton of super expensive shares making the reddit people very rich in the process. So it's a battle of who is more influential at manipulating the market. Tons of people are very pissed off about it and it's really funny
https://www.bloomberg.com/news/articles/2021-01-22/gamestop-tug-of-war-gives-reddit-army-a-win-on-record-volatility
When you sell a stock short, and it goes to $0, you make a profit of 100%. When you sell a stock short but it goes higher, your losses are potentially infinite

  • Marxmarksthespot [none/use name]
    ·
    4 years ago

    I'm debating the same. If anything its just more money towards fucking over some wallst scum. If you need the money no. If it's just booze money up to you.

    I have not figured out an exit point yet tbh. Vw went to 1k a stock. Gme is shorted like 10x more than vw was. I'm probably going to milk it for all its worth. Go till it starts to slide and than get out.

    • ValliumOverdose [he/him]
      ·
      4 years ago

      Did you just buy through RobinHood? Kinda wanna roll the dice, but don't wanna get screwed too hard.

      • Marxmarksthespot [none/use name]
        ·
        4 years ago

        I'm on robinhood you need bank info like routing and account number. And it can take a few days to activate your account.

          • Marxmarksthespot [none/use name]
            ·
            4 years ago

            I think it's going to 100 next week. There's plenty of dd on wsb right now several sticked threads. That explain the basics. Feel free to dm me if you have questions. This is going a bit long in this thread.