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Topic	You guys see what's going on with GameStop's stock?
LordoftheMorons 01/27/21 10:41:43 PM #166:	Colegreen_c12 posted... you are wrong about this, the short percentage is over 100%. However yes some people will get screwed in the end. It will likely keep rising, people buy out of fomo at some insane price and then it crashes as the shorts finish covering. The only question is what that price is. Fair enough, my bad on that. Thinking about it more though I'm pretty sure you'll still see a lot of people on the train lose their money, though; as shorters return the stocks they borrowed, the original lenders are also going to want to sell their returned stock (as well as anyone else who just happened to own GME). They'll also be competing with WSBers to siphon off the money from the shorters. --- Congrats to azuarc, GotD2 Guru champ! <cite>LordoftheMorons posted [p:950000782] in You guys s... [t:79253781]...</cite> <quote>Colegreen_c12 posted... </cite> <quote>you are wrong about this, the short percentage is over 100%. However yes some people will get screwed in the end. It will likely keep rising, people buy out of fomo at some insane price and then it crashes as the shorts finish covering. The only question is what that price is.</quote>Fair enough, my bad on that. Thinking about it more though I'm pretty sure you'll still see a lot of people on the train lose their money, though; as shorters return the stocks they borrowed, the original lenders are also going to want to sell their returned stock (as well as anyone else who just happened to own GME). They'll also be competing with WSBers to siphon off the money from the shorters. --- Congrats to azuarc, GotD2 Guru champ!</quote> ... Copied to Clipboard!
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