Re:Reddit's GameStop, AMC surge is the new Occupy movement
by davidivadavid on Thursday January 28, 2021 @02:41PM
(#25947839)
That assumes people will buy said shares. That's contentious at best.
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Re:Reddit's GameStop, AMC surge is the new Occupy movement
by curryst on Friday January 29, 2021 @02:03PM
(#25960977)
There's a short squeeze; people will have to buy. Most of the shorters would probably love to just clear their short if they could buy at a semi-reasonable price. GME has to know their stock is inflated. They could sell stock for 75% of the current market value and still be making money hand over fist.
That would, however, crash the price.