Re:GameStop Is Rage Against the Financial Machine
by minor3 on Wednesday January 27, 2021 @05:53PM
(#25935282)
The short interest is still extremely high and likely a number of firms are already liquidating their positions to pay off GME. The squeeze should be on Friday when every option expires in the money.
Re:GameStop Is Rage Against the Financial Machine
by codesnik on Wednesday January 27, 2021 @05:14PM
(#25934809)
well, true, but people are still reporting very high amount of short positions.
Re:GameStop Is Rage Against the Financial Machine
by fumar on Wednesday January 27, 2021 @05:49PM
(#25935244)
Is this data available anywhere?
Re:GameStop Is Rage Against the Financial Machine
by delaaxe on Wednesday January 27, 2021 @06:46PM
(#25935793)
No, the short float is still hight. Old short have covered but new ones have replaced them
Re:GameStop Is Rage Against the Financial Machine
by bilbo0s on Thursday January 28, 2021 @03:02AM
(#25939393)
Wait?
Wouldn't new ones be shorts against the inflated prices?
It could easily be other retail investors shorting the reddit pump and dump.
I suppose as long as no one innocent is hurt, it doesn't really matter if some redditors and hedge funds are cleaned out. But it seems more and more likely that the only thing that will have been done here in the end is to enrich the market makers.
Perhaps there are some funds still holding out their end of the short war, but by the time this is all over... like over over... it will be retail traders selling inflated positions to other retail traders.