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A comment on Reddit’s ‘GMEBagHoldersClub’ Is Where GameStop Stock Buyers Admit They Messed Up. Parent comment

Re:Reddit’s ‘GMEBagHoldersClub’ Is Where GameStop Stock Buye... by buryat on Saturday February 06, 2021 @05:15AM (#26045560)
yes, what’s the point of selling now, I hope it’s going to come back, at least that’s what people on wsb are saying and i’m a big sucker for believing everything
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Re:Reddit’s ‘GMEBagHoldersClub’ Is Where GameStop Stock Buye... by rasz on Saturday February 06, 2021 @07:51AM (#26046187)
it was up to $80 today, meaning at worst you would lose 3/4 of whatever you put in. It will go down to 0. GME is worthless in digital age.
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Re:Reddit’s ‘GMEBagHoldersClub’ Is Where GameStop Stock Buye... by voisin on Saturday February 06, 2021 @09:53AM (#26046869)
Worthless if you assume their business will not change and adapt. This is the fundamental risk in most short selling theses. People and businesses are not static, immutable objects. Given the dollars on the line you have to assume they will be seeking ways to pivot and adapt.
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Re:Reddit’s ‘GMEBagHoldersClub’ Is Where GameStop Stock Buye... by krustyburger on Saturday February 06, 2021 @03:25PM (#26049623)
They have been consistently losing money, quarter after quarter, for a long time. The dollars on the line were present all the time.

Your logic applies equally well to long positions, if you believe all people and businesses are constantly in such flux.

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