Re:u/DeepFuckingValue and the GameStop Reddit mania
by pnathan on Friday January 29, 2021 @06:39PM
(#25964331)
if you trawl his reddit account, he mentioned 9 months ago there's a possibility of a short squeeze of some sort happening sometime.
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Re:u/DeepFuckingValue and the GameStop Reddit mania
by blackrock on Friday January 29, 2021 @07:01PM
(#25964527)
It’s possible that when he said that, the short percentage was not greater than 100% of the floating shares, as they are now.
It seems like he was investing for the long haul, because of the stock and the company’s fundamentals.
But, the phenomenon now is the short squeeze, because of the excessive shorts over the available floating shares.