• PhaseFour [he/him]
      ·
      4 years ago

      No. Short sellers are still on the hook for 122% the total shares of GameStop.

      Today is the day they begin having to pay interest on these outstanding shorts. They now feel pressure to buy GME.

      Originally, /r/wsb thought the short sellers would start covering their position earlier, and today would be the day that the infinity squeeze would happen. But the short sellers double-downed and haven't begun covering their position. This will go on for a bit longer now.

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

        wsb used to talk about riday being a key date because something was expiring, like options, calls or whatever it is named, I don't think that was because of the shorts, because these don't expire ?? i don't fucking know,

          • lilpissbaby [any]
            ·
            4 years ago

            honestly, it makes sense. they are already fucked, hoping that WSB chickens out and the stock price drops like a rock is the best they can do.

              • lilpissbaby [any]
                ·
                4 years ago

                i honestly think at least Melvin is done for. it'd be too "in your face" to bail them out.

                  • Baader [he/him]
                    ·
                    4 years ago

                    Party of histroy. When I'm old I will still annoy everyone at funerals about how I didn't sell my one stock and therefore was one of the first dominos in the chain reaction that ends capitalism... Lol, one can dream.