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Many of the short sellers are still hoping the people keeping the price up will eventually fold.

What they’re missing is twofold: 1) These aren’t speculators looking to pump and dump. They’re not in it for the profit, they’re in it to destroy the hedge fund titans, no matter the cost. 2) They don’t yet realize how this attack on them is spreading internationally. Now, like-minded individuals around the world are jumping in to keep the stock propped up.

I think the populist army wins this, big time. All they have to do is sit on their positions, while the shorts have to keep coming up with cash to meet margin calls (or surrender their positions and take a nuclear hit). If the Reddit populists didn’t crack and start selling when the stock hit almost $500, they’re not going to do it now. It’s a really impressive and inspiring display of solidarity and sticking to principles.

It’s ingenious, when you think about it. If I bought one share of GameStop at $20 and it rose to $300 in less than a week, then that’s a huge gain %-wise but it’s only $280 for me personally. That’s not a lot of money if I am in this just to make a political statement. It’s far less than what I donated to Trump’s campaign.

Now multiply that by potentially millions of “digital vandals.” You can see how ludicrous and simple it all is.