Re:Where do we go from here and who is going to step up to h...
by cloverich on Thursday January 28, 2021 @01:21PM
(#25946334)
Genuine question: If you believe AMC and / or Gamestop is a failing business model, why is shorting the stock bad? (NOTE I am not well read on what's happening, other than the gist)
WSB is playing the game fair and square. It's the billionaires that's been short selling and manipulating the markets that got caught with their pants down.
WSB is squeezing the greed out of billionaire vulture short sellers, which has gotten so brazen that they have painted themselves into a corner. Usually, they get away with these kind of shenanigans. But this time, someone who knew the game saw the positions and realized that other player had the edge using a winning strategy. All they have to do is drive the price higher and short sellers have to buy at whatever price to cover their positions.
Think of it like this, someone has to buy an item that you have, at any price. What price would you charge?