Re:GameStop Is Rage Against the Financial Machine
by ping_pong on Wednesday January 27, 2021 @12:12PM
(#25930744)
You don't understand. The original multi million dollar positions with WSB are static now. They're not trading anymore. They can't possibly boost the stock price any further.
The way the stock price goes up is by more volume coming in at the highs. But we are talking 57 M shares traded at noon today with outstanding float of 65M. Those are professional day traders propelling the stock. Buying high and selling higher. It's not WSB.
Re:GameStop Is Rage Against the Financial Machine
by jaxwerk on Wednesday January 27, 2021 @04:39PM
(#25934354)
Margin calls are surely coming for large short positions, starting Friday and likely continuing in coming weeks. If the short positions need to cover, there's forced demand.
The way the stock price goes up is by more volume coming in at the highs. But we are talking 57 M shares traded at noon today with outstanding float of 65M. Those are professional day traders propelling the stock. Buying high and selling higher. It's not WSB.