Re:Discord bans r/WallStreetBets server, subreddit went priv...
by polynomial on Thursday January 28, 2021 @06:27AM
(#25940615)
> I have a hard time believing that The number of liquid GME shares out there are nearly as low as 1%.
I believe the float is between 30-40%, hovering around 37%.
For reference, during the unlimited squeeze of Volkswagen’s stocks in 2008 it was estimated that less than 1% of Volkswagen shares were liquid — due to Porsche silently buying the majority of liquid stocks — to cover the short positions which led to the “unlimited squeeze”. I have a hard time believing that The number of liquid GME shares out there are nearly as low as 1%. The only way I could see the liquidity going that low is if institutional investors with tens or hundreds of billions dollars in market cap decide to buy up all liquid shares, effectively lowering the liquidity of GME to similar levels as Volkswagen during the 2008 unlimited short squeeze.