/biz/ - Business & Finance

>>27136541
I'm still unclear about whether the squeeze is still on or not or if they are going to pull kikery to escape it. They claimed they covered their shorts two days ago, and yet yesterday there was a short ladder to sink the price at the same time as all those trading restrictions, where they reduced the short percent some but not all. Means
>They were lying about covering when they did
>They were still able to cover some
They tried it again yesterday but people were wise to the trick and held and bought rather than sell. I dunno if it's still Melvin and Citron, but somebody's trying to sink the price. Now they're begging the SEC to intervene and negate the last three days of trading or something.
I was going to just catch some profit on the memestock pump and dumps, but they fucked me over when they cancelled trading apps in the pre-market and lost me my gainz. Now I'm in this for blood and I'm never selling my GME, it's money I can throw away and it wouldn't hurt me but i consider it the price of a ticket to the greatest show on earth.
>>27136322
If the SEC doesn't intervene and stop the fun, it appears they're going to have to pay for the squeeze, and it could be VERY costly for them, depending on how tight it is. The liquidated assets probably won't be enough and their lenders will eat the cost when they can't pay.
So if it's still on, and they can't pull more short ladder or other tricks to cover some or sink the price, the cost will ripple through the economy. i doubt it'll be depression-starting unless the wildest dreams of $10k+ shares occur, but it'll b a pretty fabulous loot of Wall Street, and they'll seethe about it for months.