LogFAQs > #950000685

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Topic	You guys see what's going on with GameStop's stock?
foolm0r0n 01/27/21 10:38:40 PM #165:	Colegreen_c12 posted... If i have to cover why would i buy after a stock crashed 50% from its max. why wouldnt i just wait until it finished crashing and sell at its lowest. If it's a gradual decline sure, but my assumption is that once most of the short positions are closed we are going to see a very quick drop. Shorters are competing against other shorters, so they will fight to buy at the right time on the way down before their buys shoot the stock back up. They can't coordinate. And yeah once the shorts are up, this thing craters. Most will have exited by then though. --- _foolmo_ 2 + 2 = azuarc <cite>foolm0r0n posted [p:950000685] in You guys s... [t:79253781]...</cite> <quote>Colegreen_c12 posted... </cite> <quote>If i have to cover why would i buy after a stock crashed 50% from its max. why wouldnt i just wait until it finished crashing and sell at its lowest. If it's a gradual decline sure, but my assumption is that once most of the short positions are closed we are going to see a very quick drop.</quote>Shorters are competing against other shorters, so they will fight to buy at the right time on the way down before their buys shoot the stock back up. They can't coordinate. And yeah once the shorts are up, this thing craters. Most will have exited by then though. --- _foolmo_ 2 + 2 = azuarc</quote> ... Copied to Clipboard!
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