“The people buying into these stocks would be wise to sell and cash in their chits.”
Except the short % is >100% of shares outstanding. It’s a no lose for the Retards. They can sell all they want at higher than their entry point because of the >100% shares shorted. They can’t lose -even if they all sold everything there’s still more shorted shares outstanding.
Wall Street rigged a game 100 years ago.
https://mobile.twitter.com/dollarsanddata/status/1354561444780646401
Had never heard this story before today. Piggly Wiggly.
The people shorting will get their money back by shorting as the stocks slide back to normal levels. The reddit guys would be wise to sell while the bubble is intact and cash in.