LogFAQs > #950165319

GoriIIa posted...

This is the part I'm not really understanding - what other things are they doing to cover their shorts? I get that they can refresh their shorts at $300+ and make some of their losses back but how are they covering their shorts without paying for the stock? And how will they buy the stock if everyone is holding?

I don't think this stock will hit $1000 either. I can buy that the stock hit $470 last week and that's when they covered some of their shorts (hence the short float % going down) but it's still pretty high, no?

They cover the shorts by buying back the stock at $100 and use the money they made from shorting it at $300 to do it.

Example 5000 positions at $2 "What needs to be covered"

Short 1000 @ $300. 6000 positions need to be covered. Buy puts & other shit. Then drive the price down to $100. Use the $300,000 from shorting to buy 2000 shares with $100,000 in leftover money. Cover 2000 positions. Now you only have to cover 4000 positions. Repeat again daily / weekly / as often as you can using the leftover $100,000 to fuel options and ladder attacks.

Add a bunch of zeroes to the end of everything IDK they have a lot of money. They will ultimately win, and even if you drive the price higher they will still ultimately win and the people who get fucked are the retail bag holders.

They've already lost $20 billion dollars I'd consider that a pretty significant win for the retailers but driving a $10,000 squeeze is just not going to happen. You're not going to "get rich" from this unless you believed in it before it exploded the way it did.

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It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha."
https://imgur.com/dQgC4kv