Okay, I know it's unpopular to be bearish on this stuff, but I've got concerns. I hope I'm wrong tho.
- Trading volumes over the last couple of weeks can potentially cover short positions, thus short sellers may have already realised losses (as they fucking should).
- Short interest data is very laggy. The only 'up to date' source I know of is S3 Partners, and I don't understand their data collation/estimation methodology at all.
- I, as a retail investor, cannot differentiate between short ladders and institutional investors who went long with retail investors early tapping out.
- Related to point 3, I'm worried people are underestimating hedge funds more generally/are getting cocky and will be left holding the bag for hedge funds who went long.
I want to be proved wrong, even though I've already cashed out because the uncertainty above was making me uncomfortable, but more than wanting to be proved wrong, I don't want chapos getting fucked if I'm right.
Much love comrades
Oh yeah, the above points are technical and totally overlook 'weird fuckery' and 'post-GME fuckery' as tangible risks, but they definitely are :\