Re:“WSB veterans know that they're making a suicide charge f...
by toast0 on Tuesday February 02, 2021 @12:43PM
(#26004037)
Have you been in the presence of a large community before? People turn their brains off in large groups.
It's even harder when it turns into a crowd and people are cheering on whatever is happening. Especially if there's moderation removing any messages of dissent.
Add in that short interest data is either not timely from the every two weeks official report, or incomplete/of unknown accuracy from the third party reports. And that anyway, it doesn't have any indication of what price the shorts sold for, and it's easy to see how people saw 130% short interest a few weeks ago and turned it into a squeeze, and see 130% short interest at the end of last week, and it's not squeezing anymore. Shorts @ $20 got out (at a high cost), and new shorts @ $300 got in, so the reportable short interest is the same, but the new shorts are probably getting out soon at a high profit.
It's even harder when it turns into a crowd and people are cheering on whatever is happening. Especially if there's moderation removing any messages of dissent.
Add in that short interest data is either not timely from the every two weeks official report, or incomplete/of unknown accuracy from the third party reports. And that anyway, it doesn't have any indication of what price the shorts sold for, and it's easy to see how people saw 130% short interest a few weeks ago and turned it into a squeeze, and see 130% short interest at the end of last week, and it's not squeezing anymore. Shorts @ $20 got out (at a high cost), and new shorts @ $300 got in, so the reportable short interest is the same, but the new shorts are probably getting out soon at a high profit.