They call themselves "Retards" because they are purchasing a share(s) to hold against all reason to stick it to the hedge fund shorters for entertainment and spite. Millions of Retards.
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.
The short position is still 113% of outstanding shares. People have been selling -a lot (130% down to 113%) and the short % is still over 100%. IOW, there are more short share ‘buyers’ needing to cover than there are long share owners’ shares for the shorts to purchase to cover their positions. IOW a net upward price momentum.
They call themselves "Retards" because they are purchasing a share(s) to hold against all reason to stick it to the hedge fund shorters for entertainment and spite. Millions of Retards.
They apparently aren’t in it to make money.🤔