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| Topic | Stock Topic 14 |
| red sox 777 01/26/21 2:04:18 PM #435: | My feeling is that shorts have made things worse for themselves by not giving up earlier. If they had panicked on January 13 when it ran from $20 to $38, and started covering en masse, it probably wouldn't have run beyond $150 before peaking. Last Friday, when it ran from $43 to $76, they were probably not getting out in a rout scenario at less than $250. Now.....if the big squeeze happens I don't think it's peaking under $400. Maybe much higher. They don't want to start covering because they know their own buying, in a large enough volume to make a dent in their cavernous bags, will send the price skyward. But the longer they hold out the worse it's going to get. Unless something happens soon to break GME shareholders' belief that their stock is worth much more than the current price. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! ... Copied to Clipboard! |
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