I agree with this post. Although the narrative being spun on WallStreetBets and co wants you to believe in a short squeeze, it doesn't seem like any shorts were actually squeezed. This morning, Melvin Capital and Citron successfully exited their positions in Gamestop. Had there been a true squeeze, the whole point would have been to prevent an easy exit and force them to cause the price to balloon out of control. By exiting, they've proven that although shorts were obviously hurt a lot, the fabled squeeze never came. And to analyze it technically, I know a lot of people are repeating the line about GME shorts being xxx% of the float, where xxx > 100. It's cute, but for a stock with such crazy volume as in the past few days, the shorts being above the float doesn't really matter.

Matt Levine seemed to have agreed with this take on Monday: https://www.bloomberg.com/opinion/articles/2021-01-25/the-ga...

And full disclosure, I made a lot of money via GME these past 2 weeks. I'm just not a believer in what's currently being pushed as the truth on social media. To me, GME seems to be a classic case of Tulipmania hiding behind a "short squeeze" mask. It's the latest Bitcoin and no one wants to miss out.